Show RAW SUGAR MARKET NEW YORK Dec 8 The The raw sugar market was unchanged early today no sales reported Old crop Cuban was quoted at duty paid on the spot while the nearest shipment new crop Cuban wag offered at A A. leading statistician estimated the tle 1924 26 Cuban crop at tons as against last years year's of tons Renewed liquidation and hedge sell sell- lag ng In the raw sugar futures promoted by the larger crop estimates caused a reaction ot of 3 to 7 points In these prices sugar was unchanged at to for fine Refined futures were nominal V. V MOODYS MOODY'S REVIEW Moodys Moody's Weekly Review of Financial Conditions in Its current Issue says in part f C Investors are widely Interested in the prospects for a December reaction because be be- cause of their desire to buy without paying the peak prices The of these reactions however depends usually upon mercantile rather ratier than han Wall street conditions if men mer- chants hants and producers are so well supplied with cash capital that commercial paper discounts move downward during the final quarter of the year no December In the stock market usually occurs oc- oc curs urs but If this movement of discounts dis- dis counts s is upward the December stock reaction almost always does occur One cannot say what this kind kind of a market should do because there never was of this particular kind before paper discounts are creeping upward but Investment capital capitals is s abundant There may perhaps be some scattering selling of stocks within the he next week or so but indications indication are that hat the te public will be a substantial buyer uyer the first half or of this month Power companies companies' are benefiting toni rom roma a decline in costs of production They are pi educing more electric current cur curent cur cur- rent ent per ton of coal and per barrel of oil II than ever before and are Paying he the bottom prices for these fuels fuel Large plant expansion Is anticipated The new Issue of U. U S. S bonds should prove rove attractive active There i is a shortage in n the supply of an and tho ho supply is shrinking Long term ISSUP issues respond well to a fall In the 0 of capital and It should pay to exchange Ue Lime 4 1 S of 1928 for tiles mee new nev bonus |