The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-22
STOCES CONTINUED WEAK.
,n,I,smated Copper Carried Other
''' Issues TO a Low Level.
rr,1 STOCK TOUCHED PAR YESTERDAY
w.. Down 7 t-2 from fridays Close
"a and 80 Points from the High
Level Of the Year.

vort September 1.-THE actuai
New ~ Amalgamated Copper as n
vel,. n the omission at the directors
i's." ,,g Yesterday to declare the usual
ne. w. oaarterly dividend OF "a per cent
ei no regular ~ per cent, was an I'M
WIZ ,nanence on the whole market.
$3.50 -etcence Of all having official con-
with the company about Offering
exclamation Of the action or any as
'r-,ncss as to the condition OF the com
'srvs business, added to the influence
no break. The policy of the Insiders
I no stock seemed to be to let the sellers
-, the opening price, which was from
80 90 ,o1 on simultaneous sales OF $500
'S.rss Some degree of support was &C.
80 ofter this. although the price
shod mar during the second hour. an ex-
rome decline Of ~ from yesterdays close
and Of 80 points from the high level of
M year on June IL The stock closed at
,Gsi A net loss of ga.
,aarassinr factor, where news of ano her
vtRR,ect In South Africa discouraged recent
sanss Of an early termination OF the war.
prss Kidding up Of the local traction st9c S
va the only notable influence toward an
ne loan reduction In today's bank state
i mant in spite of the weeks activity by
snecnIative pools In the stock market, re-
lsyed some apprehension and allowed the
sprnlus reserve to derive additional ad-
vsntare from the gains Of cash on the
sshtreasury operations. lively demand
M louisville and Nashville and Union
pacific s.eadcd the market, but the clos
Inc was irregular and with the days net
changes mixed
The price movements Of stocks this week
,opstItuted remarkable demonstration OF
The financial confidence. on Monday, which
was the FIRST day of trading in stock alter
the death of the president by assassination.
prices recovered practically all tha losses
& Of the week before the market opening
Il With buoyant uprush Of prices and clos.
Ing strong at the top level. Artificial sup
\ port is powerless to check general selling
4 BY real holders Of securities who act al
4 ways on their own conviction that the value
n Of their shares has become impaired.
Y The action of the market ON Monday
q morning showed conclusively that there
a was no general liquidation to be faced.
a Real holders were confident In the value Of
q securities The timid class Of holders had
A evidently done their selling during the pre-
Il yious week at the threatened calamity
"a which fell upon the market during Fri lay
h night The professional bears, instead o.
S seeing prices dip so as to afford a pro t
n On the short sales, saw a sudden rebound
which forced them TO buy back at loss,
emphasizing the recovering by their bid.
q ding for stocks. Evidently the ac Ion o,
the market was a surprise to the wnoie
81 speculative world Commission houses had
~ orders to buy at the market which repre-
"A sented the hopes of bargain hunters hat
The opening drop In prices would afford Il
g price Level that would make profitable in
restments. These orders were executed at
81 prices from 3 to G points higher tn IN the
II previous Fridays closing. This condit on Of
y AFFAIRS added to the enormous supporting
e orders for account of great capitalists, re-
suited In the over-stimulation of the mar
81 II ls not impossible that money market
a conaaerauons may recur when the offecl
q me treasury measures of relief begin
4 70 be lost again.
Railroad bonds have recovered In SYM
h palhy with stocks, but In much less degree.
Stocks.
Following are the sales OF stocks and
Closing prices for the New York stock mar,
ktt: