The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-11
DULL DAY IN THE
STOCK MARKET
The Eccentric Course of Copper
Wrought Confusion.
TONE OF MONEY QUIETER.
Heavy Withdrawals by the Government on
Aocun, of the Surplus Gives Cause
for uneasiness Railroad
Bonds Irregular.
TONE OF MONEY QUIETER.
(Dy Associated Prcss.)

NEW YORK, Dec. 10.-There was
deaTth of news in to-day's stock market
except suc.i as mad to do with the PEI
sonality Of the operators ana the !iLSS mt
cst., they were supposed to represent ibS
well GcnntG movements OF The day, en-
bTaCii.ee the general Inarket were Ii4i!. tn"
to the upward rush OF prices at Inc oPeit-
ing and The sudden relapse at the cioSS.
During The greater part OF Inc uas "a
market was sluggish and lTfeSul'1' st!c
IrayerSeQ It's narrow range Oh pi iSt.2 :.
number of times in q tota g" lhcottSCq uetl.
AM dubious manner. The oleLiiiI6 Dul %
OF strength was the natural !!loitteii. utLi
of yesterdays late strong raliE, Detateu
bears rushing TO buy, but IL soon DC.
became manlieSI that the snort interest
had been much reduced by yesterday
hurried movements, ana tncTe was not
strong disposition manifest 10 cNtenu
commitments on the long side. The &C.
centric course Of Amalgamatcd Copper
threw the market into renewed confusion
After rising to- 12$. there was open SELL
ing by the brokers whose buying h2G
been a strong influence in yesterday
rally in the stock. as they arc credlted
with usually acting for inSldcr interests
in Amalganated Copper. The conSe,
quence was that that stock commenced
TO sag again in an Irregular way until 1t
had dropped down to 80.
The price then worked upward with oc-
casionaI reactions to a high level of 144s
representing recovery OF over ten points
from Saturdays low level for the STOCK
The general Jewel Of prices was affected
By all Of these fluctuations, but only TO
n moderate extent, the effect being more
TO discourage operations, whether for the
long or short account There were some
individual points of strength, notably IN
The Vanderbilts, with large demand for
New York Central and a number OF less
prominent railroads and industrlalS.
The tone of the money market was
much quieter during the day, and there
seemed n sufficient supply at 51.U6 per
cent, but late in the day belated borrow
ers caused a furry to per cent. by their
urgent efforts to cover their wants. and
the stock market made an immediate re-
Spouse. the whole list dropping suddenly
10 the lowest of the day on greatly in
creased dealings Amalgamated Copper
fell back to CO... and closed with a net
loss of about a point. st. Paul and Man
haitian fell away rapidly under the SELL
ing the former declining 23s. There was
no effcctua4 raIlv in the market and the
close was heavy at about the lowest.
The heavy Withdrawals from the money
market by the Government on account of
the surplus gives cause Tor uneasiness.
md there was general expectation dur
Ing the dav that the Secretary of the
Treasury would announce the immediate
payment of the Governments January
Interest as a measure Of ~eHef. The an
nouncenent Of action in this matter came
too late TO help the market to-day.
The railroad bond market was quite
diversified. but price movement was IL
regular. Total sales, par value, S4.110.W".
United States bonds all unchanged on the
last call.
The total sales Of STOCK to-day were
721, 500 shares.
MONEY AND ENCHANGE-Money on
per cent: ruling rate per cent; prl1ne
,11o-Sa nfjla iI.no Ster-