Evening star., 1902-01-27
Buying by London Helped Amalga-
mated Copper Shares.
WEAKNESS In THE COAL ROADS
Due to Fear of Labor Troubles in
the Spring.
GENERAL MARKET REPORTS
Special Dispatch 70 The Erea,ag star.

Special Dispatch 10 The Evening Star.
NEW YORK. January 2T.-opening prices
this morning were moderately steady
around the closing level OF Saturday. but
later developed considerable irregularity
under mixed trading by the room. Lendoa
again showed a lack of interest IN our
market. combining its attention TO South
African mining and the Copper shares The
revival OF Interest in the last named shares
was rejected I'm the local market. Anialga-
mated Copper and Anaconda showing the
effects of new buying and a further cover
ing of short contracts.
These issues and a few other industrial
shares were stronger than the general mar
ket. American Sugar advanced about per
cent during gthe-efternoen uader further as
surances that the Cuban duty would be re-
daeed. American smelling was again ad-
vanced by the pool In those shares. and
the usual rumors OF an important campaign
were circulated.
The coal stocks were heavy as the result
Of sales based upon the rumors of posi-
bic labor troubles in the spring
Z The fact that the rate schedule will ex-
-pire In April has. already been made the
basis Tor these rumors of a possible strike
or other disturbance. In addition to these
Tears Is the uncertainty in the matter of
Erie's new financial plan. The bond issue
has been denied officially, but the street
refuses to accept the denial. The shares
OF the company are sold for both accounts,
because the larger interests are known 10
De considering some plan concerning which
the general public As kept In ienoraace
The Reading shares and the higher priced
eoalers all reflected some disposition to-
wards profit-taking.
The short account in the coal group is
less cenfident of its position than else
where and is easily forced 10 cover In con-
sequence.
Atchison earnings were again decidedly
encouraging and the stocks of the COM
pany were well supported I'm consequence
The bond issue is accepted with much
skeptieism by the street, but il is hoped
that earnings will be maintained and the
question of priority be forced to the back
ground because of abundant funds for an.
chicago and Eastern Illinois was ad-
sahced Under a demand credited to inside
account and based upon the prospects for
seiiing control at a considerable advance
over current prices.
The market relapsed into dullness during
the afternoon. because of the fact that the
nearing on the Northern Securities case
vas In progress in Washington While tbs.
,eeisien on the question of jurisdiction may
De uelayeu Tor a considerable time the i'm
portanee of early action makes a reason
ably early opinion likely.
ihe financial community no longer con-
ees.s ts interest In the outcome of this
matter, but Is standing idle awaiting the
result There are too many important al
most necessary, plans of a similar char
acter awaiting development and the fear
OF litigation has arrested all progress in
Ine community of ownership scheme
Inc Chicago Investigation accomplished
little and the roads are carrying out their
plans of merger with all the outward as
surance OF success. There is real concern
under the surface, however and no bir
market Will precede a settlement of ali
mooted points Money was easy and In
abundant supply during the entire day,