The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-01
Stocks. Bonds and Money
Closing.
Sat. Fri.
So 551s

Bar silver, New York. 81 551s
Call money, New York. .........41a-5 S13-5
NEW YORK, Nov. 30.-Amalgamated
Copper shares saw further vicissitudes
today and maintained their influence on
the general market The raw copper
markets abroad were reported quieter to-
day after yesterdays enormous liquida-
ton, and Anaalgamated started upward
here, reaching a point above last night.
This had revivifying effect on the long
list, and the upward movement began
here and there. These were among the
Coalers, hard and soft Louisville and
Manhattan. Sugar was marked up over
a point. Then malgamated Copper re-
sumed its recent occupation of making
new low records and touched 1879 in the
course of the morning. Very circumstan-
tial assertions were made that large sales
of copper had been contracted for on be-
half of the company at prices material
~ below the list price. No official adj
mission of the assertions could be Sc
cured. Bears covered in the stock at the
decline, and it closed at 741s, a net de-
cline of a point
The increase in loans and the conse-
quent increase in deposits resulted in re-
ducing the surplus over S.0e0,0e0 by rea-
son of the expanded margin of require
ment The firmness of foreign exchange
lAdhSS luflil6f GApO1lS VI Solu llc2Ab WYNN
increasingly problematical. The final
covering by room shorts made closing
prices materially better, and the market
closed active and firm.
The movement of prices during the
week has been somewhat Irregular and
hesitating, and the promise of vigor-
Gus upward movement has not been real
lied. There have been strong spots in
the list, and only a few stocks have suf-
fered marked losses, but the market has
shown the effect to some extent Of a
recrudescence of uneasiness over the
possible year-end developments in the
money market. There has been realizing
here and there on the publication of an
tieipated good news and some selling by
disappointed holders over the failure of
expected good news to centralze.
The Steel stocks have held firm on the
reports of the extraordinary activity in
the iron and steel trade. The opinion of
the leading authority in the trade as
published that next years business may
exceed the current unprecedented bust
ness, and that the present capacity and
that of works in process of erection will
be needed to meet the requirements Of
the first SIX months of 1902, has favorably
affected not only the steel group, but
the whole market. The difficulty of OBJ
tanning material owing to insufficient car
supply seems to be the only drawback
ir this trade. while 1t is evidence that
the railroads have all the business they
can handle at present profitable rates.
The pressure for gold at Paris has OBJ
viously relaxed. but the coming year
end requirements in London are coming
forward for consideration. This weeks
stock exchange settlement in London has
driven borrowers to the Bank of Eng
land, and as tho government has cur
tailed disbursements, that institution is
in position to make it's rate effective
in the open market The government
loan subscriptions are payable in London
next week. The price of gold is advanc-
ing again in London. If the Bank of
England desires to attract gold in prepa-
ration for the yearly settlements there
is the probability that it will be able
to do so. ~ feature Of the week in the
financial world has been the covering
movement by bears on the Berlin bourse
and a slight awakening from the extreme
prostration that had prevailed in Ger
man business affairs.
There has been a good demand for
bonds and rather irregular price move
ment. In United States bonds the new
As advanced Is per cent in the last call.
stocks.