The Montgomery advertiser., 1901-11-30
WALL STREET REVIEW AMALGAMATED COPPER IS AGAIN PRoNIRE ENT' This Security an Unsettling Indu- ence in the Whole Stock Mar ket-No Attempt to Sup
 port It.

NEW YORK Nov. 2e.-Amslgamated Copper was again an unsettling influence in the .s ~no.e stock market today, .,n n.s rnnc1nated by only q few points of resistance and by no enectiVe rally. The resistance was not long maintaihea al any time and the price was soon allowed to sag again. Near the end of the day the price touched 75. an extreme decline ot os, anu closed only shade ,e ne1,et' ,o ahers sSpport the stock and it was left to its own course. ne demoralization in the raw copper maIKe. m London was the impellng cause of the decline: There were enough sales of spot copper ana of futures resulting in e drop m Iho Mice or the tormer Th. Et s,ock 1 o1 all copper securi- ties scored violent declines in foreign markets and the prices of metals slumped all arounu in London, including pig tin. lead and iron. Anacenda fell points in sympathy with Amalgamated. Runlors were very persistent of a determination of the company to ahan- copper. but no official admission couio pc se cured on the subject. judicial decision ad- contempt of court for failure to testify in the suit against the absorption of the Boston and Montana was ,N,;i mth1Ss tSs c1oss There were . number of strong points developed que 10 individual causes, and the market was m, clined to harden all around on the puoiishhea h forecast of favorable bank statement, put the final drop in the copper stocks caused the loss of the principal part or the ga,nS ssf anu night for Union Pacific, Atchison, Missouri iaciHc New York Central and Baltimore ana ono | higher but lost practically all Of the gain. Other gains of point or over were shown at one time by the United States Steel stocks several minor steel stocks, St. Paul, Waoash preferred Reading, Louisville, Manhattan and several of the industrials The Pacihc Coas! stocks were all strong at advances or 11+ points Owing to the Thanksgiving holiday, the figures furnished by the banks or cssh changes show results only up to Thursoay night The movement of cash from the interior was clearly in favor of this centre ana nrsns sns dicates net gain by the banks on the express r movement of upward of million collars which more than offsets the losses on sub ais of gold at San Francisco. which are on he way to the amount of nearly $4. 900 900. have not figured in the weeks showing. The money market show a distinct relaxation, the months receipts thus far failing over Inii- lion below those of last year while the ex- lars in excess of those for the corresponding period of last year. Sterling exchange and continental exchange continued their upward course today in spite of slightly eas,er money ts settlement The price of gold advanced m further gold will go out next week
 Central of Georgia income bonds were strong for the three issues and Continental Tobacco As advanced the declaration of dividend on Continental Tobacco The pond par value. S4. 80. ooo United States bonds were all unchanged on the last call
 Money and Exchange.
 NEW YORK, Nov 2e.-Morey call firm at 3hQ5 per cent. last loan at D; ruling
 Prime mercantile paper. 4lza5 per cent; / sterling exchange firm: bankers bills. 9Il @4s7&s for demand and 4s4hd4 64ss for oU days; posted rates. 4es and sa1s
 Commercial bills. 4,s3kd4 93n. ,a,,
 Government bonds, steady: State bonds. in active; railroad bonds, irregular