The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-25
LOSS CHECKED .
Support Was Lent 10 The Amalgamat-
ed Shares Yesterday.
BENEFITS TO ALL STOCKS RESULTED
Amalaamsted Copper Sold at 90 for
Awhile. Which Was 40 Points Less
Than the Years Highest Figures.

New York. September "a. There were in
dications Of support for Amalgamated Cop
per by inside Interests today for the iirst
time since the reduction In the dividend
was announced last Friday. The rapid
downward course of that stock was there
by arrested and the whole market showed
signs OF relief from the serious strain en-
gendcred by Amalgamated Coppers violent
decline
There was little actual news 10 take
account Of In considering the days move.
ment Of prices as they were governed
almost exclusively by technical causes
growing out OF collapse In Amalgamated
Copper. Copper mining stocks all over the
world showed the effect of this develop
ment this morning and spot cotton In Lon
don scored violent decline ON account
OF prevalent rumor that the Amaleama,ed
Copper was about to reduce It's selling
of its product
Selling by foreign holders of American
securities including railway stocks, was an
important influence in the opening decline
here which reached from / to points In
Importance Amalgamated Copper sold at
% during the first few minutes OF trading.
day 1t was after the stock had steadled
that the seyerest pressure developed against
the general list. promlscuous splitting
out of stock carried the level OF the
prominent railways and specialties from
TO 2Si below last night, the paeihcs,
Southwcsterns graugers and sugar being
the principal sufferers, IL was believed
that the recent losses In Amalgamated Cop
per were responsible for the liquidation
elsewhere.
Several aIarmlst stories put out this
morning Indicated the exhaustion of am
muniton 10y the bears The support oe
yeloped In Amalgamated Copper and the
pOstpuncmcnt of the meeting OF the dlrec'
tors of the Anaconda company, which, IL
was feared, would result IN another dlNl-
dend reduction, completed the stOnl-
iture OF the bears, They covered heavily
during the latter part of the day The
earlier declines were largely wiped out and
fair proportion of net gains established.
Points OF conspicuous strength were the
VanderbiltS, Manhattan and Wabash. A
controlled by leading capitalists, by brokers
usually employed by other leading capt.
taIists, which served to emphasize the
dread felt yesterday of renewed out
break Of hostilltles between financial pow
ers. good deal Of the selling OF Amal.
gamated Copper was of this character aud
seemed to he designed to force OUTSIDE
support Of this stock
IN the late buying movement practically
all OF the large sellers Of toe last Few
days were represented The selling of
stocks for London account made an nc
tive demand for exchange which forced
rates up an additional fraction away II ON
the gold import point Tue hardening o.
discounts In Berlin was an influence in
the same direction. Cotton buls continue
scarce In the exchange market but
there is a better supply of grain bills
The railway bond market was quite &C
Tive and weak in sympathy with stocks.
Total sales, par value, 81, 100000.
Stocks.
Following are the sales NJ stocks and
closing prices for the New York stock mar,
ket;