The Montgomery advertiser., 1902-01-31
WALL STREET REVIEW SYMPATHY WITH MALIGNANT
 ED COPPER SHOWN.
Dealings in This Stock and Sugar Constituted on Overwhelming Proportion of the Aggregate.
 Bonds are Irregular

NEW YORK, Jan. 3o.-Today's market again showed its sympathy with Amalgamated Copper. The dealings in this stock were about twice great as those in Sugar, and the transactions in the two stocks combined were an an overwhelming proportion Of the agsregate.
 The speculation in Copper. while very active, was accompanied by much confusion of sen timent regarding the actual developments in the trade. and their bearings on this security.
 The active and excited demand for crude cop
 per in London this morning and apparently urg-
 ent bidding on the local metal exchange at ad
 vancing quotations indicated urgent reaui; e
 ments in the trade, but the advance in Amal-
 gamated Copper. while apparently logical re-
 suit of these trade developments, is met by
 persistent representations from which
 street regards authorized to speak for in
 courage the advance in the stock. These rep resentations are to the effect that the supply
 ef metal accumulated by the Amalgamated Copper Company were not only sold at the low level, but heavy contracts for future delivery are alleged to have been also made by that company before the price of the metal rallied Speculative sentiment Is much confused by these conflicting interpretations and is made rapid decline in this stock. The price moved | irregularly today, but at a level above last l night thro,ighout The price touched v at one yesterdays loss and h in addition, The net | gain on the day is IS. Sugar was depressed
 level. This mornings published report in dicating little chance for the reduction of
 throughout. The publication of the statement of the United States Steel Corporation was ig- nored so far as could be perceived in the dealings in the stocks of that concern which ! were of inslgnifcant proportions In the rail road list Southern Pacific easily held fore most place with a net advance of, 2 points The activity of this stock was associated. fin the minds of traders. with the resumption of active trading of a leading operator after a period of illness. Its strength helped the other ans-continentals by sympathy The increased net earnings for December of Union Pacific. following yesterdays increases by other corn carrying roads. was a help to the Western and Southwestern grangers, as the effects Of the corn crop shortage were expected to de- velop not later than December. The other. movements of the day from individual causes Evansville and Terre Haute rose over 3 points on reports of a merger with other North and South lines in Ohio and Indiana The linseed stocks advanced strongly on re- ports of higher prices for linseed oil, while the apparent cause for the strength of the distilling stocks was reduction in the prices of spirits. Rock Island rose points on com
 paratvely light dealings. owing to the small
 floating supply of the stock. The price move
 ment generally was very narrow. but fractional
 net gains were the rule at the end of the day
 The bond market became somewhat irregular
 Total sales (par value), S3 o65. 900. United
 States 3's coupon advanced # per cent. on the
 last call.