The age-herald., 1901-12-11
STOCKS ERRATIC
 AND SLUGGISH Prices Started With a Rush but
 Collapsed at Close COPPER A STRONG FACTOR Few Individual Points of Strength. VanderbiIts and New York Central Exceptions to the General Flat.
 ness-cIosed Weak.
COPPER A STRONG FACTOR

New York, December 10.-There was dearth of news in todays stock market except such as had to do with the person. ality of the operators and the interests they were supposed to represent The well defined movements of the day, emprac- ing the general market, were limited to the upward rush of prices at the open ing, and the sudden relapse at the close. During the greater part of the day the market was sluggish, and irregular, and traversed it's narrow range of prices number of times in a totally inconsequent and dubious manner The opening burst of strength was the natural momentum of yesterday, late strong recovery, be- lated bears rushing to buy but it soon became manifest that the short interest had been much reduced by yesterdays s hurried covering, and there was no strong disposition manifested to extend commit ments on the long side. The eccentric course of Amalgamated copper throw the market into confusion. After rising to 72% there was open selling by the brok- CTS, whose buying had been strong influence in yesterdays rally in the stock as they are credited with usually acting TUT luSlQe interests III Amd1SdIDdleu cup per The consequence was that that stock commenced to sag again in an irregular way until it had dropped down to 69. The price then worker its way upward with occasional reactions to a high level of 74%, representing a recovery of over 10 points from Saturdays low level of the stock. The general level of prices was affected by all of these fluctuations but only to moderate extent, the effect be- ing more to discourage operations wheth . CT 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 industrials. Included in the latter class were General Electric, American Smelt- ing, American Car. Hooking Coal, Peo- ple's Gas and International Paper pre- ferred. The tone of the money market was much quieter during the day, and there seemed sufficient supply at 51a and per cent, but late in the day belated borrowers caused a furry to per cent by their urgent efforts to cover their wants and the stock market made an inn mediate response, the whole list sud- denly dropping to the lowest of the day on greatly increased dealings. Amalga- mated Copper fell back to 691s and closed with a net loss of about a point. St. Paul and Manhattan fell rapidly, the former declining 22s. There was no effectual rally in the market, and the closing was heavy at about the lowest. The sterling ex- change market continued depressed, and there is much liklhood of gold exports while money rates hold stiff. A deposit at the sub-treasury of $500, 900 for transfer to New Orleans shows the interior pres . sure for funds. The heavy profit-taking of the day in the grain and cotton mar kets gave hope of some money market relief by liquidation in that quarter. The heavy withdrawal from the money mar ket by the government on account of the surplus gives cause for uneasiness as there was general expectation during the day that the secretary of the treasury would announce the immediate payments of the governments January interest as measure of relief. The announcement of the matter came too late to help the market today.
 The railroad market was quite diversi- fled, but the price movement was irreg- ular. Total sales par value, S4,110,OOO
 United States bonds were all unchanged on the last call