The sun. [volume] (New York [N.Y.]) 1833-1916, 1901-11-24
COPPER STOCK MARKET IGGED
FALSE DISPATCHES FROM WASH
INGTON SEND STOCK down.
They Said That the Department Of Justice
Was About TO Proceed Against the
A~maIgamated " Washington Brokers
ONCE Mixed Up I'm the Anair.

Either as the result Of a m~isapprehen-
sion or Of a carefully prepared stock jobbing
plant upon the Wall Street news agencies
Just which did not appear-there was a
smash In the price OF the stock Of the Anal
gamated Copper Company yesterday that
carried il to 81 or TO the lowest figures
that It has touched since II was dealt In on
the New York Stock Exchange.
Both OF the Wall Street news agencies
printed dispatches from Washington
shortly after II o'clock stating briefly that
the United States Attorney-G Generals Office
wa preparing papers for proceedings
against the Amalgamated company This
was a big surprise to Wall Street and there
was a rush TO sell the stock. Its price
had been in the neighborhood Of SO, but
il quickly declined TO s3 under heavy deal
ings. II rallied to s3T at the close, a net
decline of q, points from Friday.
The idea that the Acknowledgement,
II he was going 10 proceed against the
Am algamated company. might also take
action against other combinations led
10 the selling Of stocks generally and offset
the ercct Of a favorable statement nv the
associated banks. American Sugar Re-
fning stock tumbled 10 100. closing al 1905.
or "a. points under Fridays closing price,
and some other prominent stocks broke
sharply.
II was not until after the market had
closed that word came from Washington
20 the effect that the Department Of Justice
had no action whatever ia contemplation
against the Amalgamated Copper Com
a II was stated by representatives
Of the news agencies that thcy had printed
the dispatches because they mad been re-
caived through their regular Washington
news channels and that they had assumed
therefore that the Information was cor
rest
An explanation advanced In one quar-
ter Wa that II might Ia that tho lnitasi
States District Attorney IN Montana had
asked his superior. the Attoruey-Gen~ral
for certain rulings and opinions upon the
A~mAlgamated Copper litigation which In
nov pending In that stat. and that one Of
tho Washington correspondents, hsaring
81 THE, had misunderstoad n Ia mean that
tho Attorney General WAS going to TAN.
action against the company Another
sugge-tiun vas that the 'al~' r.pDr had
aHsn from inye,tig CATIONS making 10y the
Industrial COMMISSION
William q llDrl.fril.r. Treasurer - a..
A~malganlatsd company, made this state
mgHt
4 have no know l-ig- 81 any prlo..si.
~ W. NHNNH
Fanlai-i tuII-f iotnIany hy the ATTORNEY.
t'rn"ial aiHi kuus u~othins Alslut the report
lsb uui siai ! have rssu un tls v al httt-i
n"Ss bullrtlns Ia. AmalFamatssi 'uu.
Iany h. bot a trust The mln.s 81 iua
company ate lpatsi lh uur htatr Muu.
lama atsi a." company dose not pfvt.ud
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