The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-11-27
STOCKS AND BONDS.

New York, Nov. 26-Amalgamated
Copper went through an exceedingly va
ried course Of movements in today's
stock market and finished unchanged
from last night. The course of this stock
was q pretty accurate index of the gen
eral market throughout The days net
changes are seen to be very small. as a
rule, and considerably mixed although
the extreme range Of prices was consider
able a notable fact in connection with
the constantly changing course of prices
was the consistency of the movements.
Sometimes The course Of the market
would vary distinctly three times within
an hour, trayerslng each time an average
range Of nearly a point Yet the whole
list moved pretty much in unison. there
being no apparent conflict IN the tendency
of the prominent active stocks. The
dealings reflected a distinct e40rt at
bull demonstration for an advance the
Trunk line stocks being selected for lead
ersIip- Amalgamated Copper was also
supported in the opening dealings but the
weakness which quickly developed in this
stock was reflected in the whole market.
and so with its subsequent changes. The
stock fell by successive stages and very
uncertainty 70 IS. and recovered with
frequent reactions TO 607. ending at So
There was an entire lack of news TO ac-
count for the movements The early
weakness was in face of permission from
a court To the Boston and Montana -
pay the dividend ca that stock undef
bond. The Withholding the these divi-
dends was officially offered as cause
for the reduction OF the dividend on
Amalgamated Copper. The recovery in
the stock was In spite Of the sharp break
in the price az raw copper In London.
following some recent speculative buying
in that market. A striking feature OF
the check IN -ie recent advancing tend
ency of the market was the decided de-
crease in activity
Iodays transactions were about half
a million shares less than those Of yes
terday. The Uusettling influence az The
apparent decentralization IN Amalgamated
Copper was supplemented 10 a deEree by
sharp recovery in foreign exchange
which awakened some renewed question
ms over the resources cf the money mar
ket for the remainder Of the year. The
lesseued supply o. exchange is doubtless
due to the completion OF the realizing
on what might DE called speculative par
chases of exchange. which have been re-
Gently made Bat a reaction I'm sterling
exchange ia Paris and the rise in dis
count rates ard ia tne price az gold len
London indicated the possibility of
resumption of the conditions which
caused The recent outflow If sold.
p Lllte-tE HL Li-r week ls nk-'-4aE Il tire
London stock exchange settlement. Next
week, on December 6. the final INSTALL
meut IS due on The British loan sub-
sription. During December a heat- out-
flow u cash Is expected FROM tle Bauk
az England to the country .ard the Brit
ish government Disbursements 3usr at
present have fallen very light. II Is very
obvious that The Bank ot England with
a view 90 these future requirements. is
taking measures u sustain the value az
money IN Londol In order n guar5 that
market against pressure from tae contl-
lcnt The Development Of srch press
lre therefore. would be reflected inev-
.tatly upon New York RS was yhe ease
recently An advance ~ seven points
n General Electric the strength 81 81
sar and Alsuhattan. and the hsavfness az s
Burlington ard Ohio ana s.. Louis and
san Francisco were notable
Railroad bonds were irregular Total
sales par value. ST. .0 United States
aoaas were au unchanged on ths lasc
cam