Evening star., 1901-09-23
Amalgamated Copper Was Hammer
ed Again Today.
LOST OVER SII POINTS
General List Weak in Sympathy
With That Stock
GENERAL MARKET REPORTS
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK, September 23.-In London
the observance of the Jewish holiday, Yom
Kippur, materially lightened the attend
ance in the stock exchange. In the American
railway department the trading was ex-
tremely duh and prices showed some irreg-
ularity over the closing here Saturday.
The steel shares in that market were
steady, while Atchson common was up %
above our parity
In the local stock market the two partic-
ular features at the opening were Manhat-
tan Elevated Railway and Amalgamatsd
Copper stocks. The former stock quickly
gained over point on heavy purchases,
supposed to be the continuation of the or
ganized buying so conspicuous in Friday
and Saturdays trading of last week.
One broker took 10000 shares of this
specially in the first half hours business
today, and his buying was ascribed to the
Gould interests. In Amalgamated Copper
the opening figures showed loss of :. per
cent, compared with Saturdays closing,
and quickly sagged pa points more On al.
verse trade reports and ,ne belief that
foreign an" domestic copper companies
were underselling the Amalgamated Com
pany, notwithstanding the general theory
that the Amalgamated is committed to tho
keeping up of the price of the metal
This trade opposition, together with the
nenaing litigation In the courts. against
the absorption OF some OF the largest cop
per companies by the Amalgamated COM
pany, caused heavy realizing sales by hold
ers of the stock.
The general list on account Of the ir-
regular movements Of the above named
stocks was inclined to irregularity, with
tendency possibly in the majority Of the
active issues toward reaction.
Onion Pacific and Southern Pacific, how
ever. maintained their strength fairly well
in the first hour. The former, though, it
was noticed met with long stock where
there was any considerable quantities bid
for. ST. Paul did not hold SO we'll In the
early trading. 1t lost p per cent soon after
the opening and 1 per cent more after the
first hour.
Toward u o'clock the general list be-
came reactionary. and losses were scored
OF from " to ~ per cent in the active
issues.
Sugar refining stock soid ex-rights today,
and from the way the stock opened 1t
would appear that traders considered the
rights worth 6ls per cent. The trading in
it was not brisk.
In the early afternoon Amalgamated Cop
per continued to be the prominent feature
in the speculation. Heavy realizing sales
in 1t were still in evidence, notwithstand-
ing its loss Of points from the opening
price and the weakness In this speciality
finally made its effect felt upon the rest
Of the market, which became heavy and
lower with good selling discernible in the
Granger and Pacific shares.
London, too, was a seller to the extent
of about 1900 shares.
Metropolitan Railway and Brooklyn
Rapid Transit did not share to any extern:
in the strength before noted in Manhattan.
nor did the transactions In them appear
heavy. ~. -.as- .zr.. =, a.
There was no especial pressure In the
steel issues, and both classes Of the United
States Steel stocks held comparatively well,
considering the weakness elsewhere in the
market. :
Some attempt was made to advance
Southern Pacific in the early trading on
account of the meeting of the directors of
that company on Wednesday next but It
was learned definitely later in the day
that no important developments are in
contemplation at this meeting, and the
stock reacted with the general tendency Of
speculation.
In the late trading some efforts were made
to rally the ifst.st but only fractional one
occurred. Amalgamated Copper after SELL
ing off to g21a-a loss OF S1a points from the
highest today-enjoyed a little squirt to "a.
on covering by room traders, to take profits.
The weakness IN this speciality has demor-
allied the general List and 1T would not be
surprising If a lower range Of prices prevail
for a few days at least -
Money was offered at By per cent.