The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-12-16
Government BONDS.

After opening with q small reaction
under the influence Of weakness in Anal
gamated Copper the general Stock Market
this morning became stronger during the
second hour or two, following a sharp ad-
vance in the New York fractions and New
York Central. Still, however, business
was dull and professional and did not i'm
press conservative people as being in
portant in any way.
Alternate small advances and declines
should perhaps be looked for, and little
more for the present, while monetary
conditions are uncertain and the Anal
gamated Copper situation IS so full of
mystery II IS believed, however, that
scIIe of the larger investors are taking
advantage Of these conditions to buy
stocks for possible advance after the
Isl OF the year
Copper and Central Features.
The two features Of the early market
were ANA igamated, which was very weak
and the fractions and New York Central,
which were ali particularly strong. The
development of strength in the latter
came at a later hour in the day than
the break in Copper and was more eff
IectlVe IN its influence on the general list
New York Central did not appear on
the tape during the first half hour of the
session, and when a transaction did occur
II was at decline of a full point from
the level Of last Saturdays close. The
stock soon recovered rapidly. however.
under the influence of what seemed to
be concerted buying II advanced from
49, to above 165 in the next two hours
Manhattan advanced full points and the
other fractions nearly the same amount.
Central VIII Raise None
There is again a revival OF the talk of
deal in the Yanderbilts but it is no more
definite or susceptible Of proof than it
was q month ago. when New York Central
was al its highest price. People who
ought to know say, however that the Cen
trail management does intend to raise
money for large improvements in some
way in the near future, and this may give
stockholders valuable rights As has
been pointed out in this column the an
nual statements of the Vanderbilt com
panies are an extremely buIIish afEu-
ment on the stocks of the system in them
selves.
AmnIgnmHted on AgnIn.
Amalgamated Copper declined to 62%
for a low price and showed no great
strength even at this level No new ar
guments or facts are offered to account
for the weakness of the stock, but ap-
parently fear of what the directors will
do at their meeting on Thursday is suf-
fieIent 10 prevent any buying of the stock
even at its present low level. There is
also continuance of short selling.
Some day there viii be fright for the
shorts and losses of serious nature. in
all probability, hut this does not deter
people from selling it now who were eager
buyers when it was sixty points higher in
price.
The Two Copper Theories.
Two distinct and radically different
theories are held regarding the Copper
situation. One of these is that the
Standard Oil people have attempted to
control the copper market and have failed
utterly and are now in very bad way.
as far as their copper investments go.
This theory sUpposes that the Rothschilds
are at war with the Rockefellers and have
been loading them up with high priced
copper.
The other idea, held by some very
shTewd people is that the RothsehiIds ana
the Standard Oil people really have come