New-York tribune., 1901-12-01
BONDS.
THE DAYS OPERATIONS IN STOCKS

IrrecrlIarity marked the course OF stock mar
ket trading As a rule last prices were unoef
FRIDAYS closing level. final transactions peins
affected by an unfavcrabe Clearing House pahh
statement The loss in reserve was hsht' pu'
as all indications pointed toward gain in this
item the Street naturally disappointed u
an extent that induced sales of stocks Bank
statements as compiled under the average sSs-
TEN do not as d rule represent actuai paiih
conditions The operations Of few banks quite
often make the statement. while conditions ai
the end Of the week are frequently totaHy OH
ferent than those shown by the anuquateo sS
fem of averages. According to the statelliei'
issued yesterday reserve above legal require oe-
clined SlG12350 10 Sl3414ofo Loans sup
plied the surprising feature Of the statement d"
i,cressa of 81 JOG POO being Totally at variance
with popular expectations regarding the WeeA
changes. The gain in cash was heavier lliaH
tbe known movement OF money Indicated Lo-
caI hank conditions are sound and there Is
every reason for confidence In the mohelalS
situation Foreign exchange rates may ao-
vance tomorrow TO point at which shlpiiieii's
of gold can he made to France, put as soio
exports have ceased to carry terror 10 Wen III
formed people stock market values should MOI
no affected by a resumption of the outWaro
gold movement
Amalgamated Copper made a new 10" recoiu
nrsce at Eo11 a maximum decline for the day
of 3ls points At the close recovery to '17s
was recorded the final change being net loss
of one point. Reports were circulated IN inc
dav intiuating that the company had soio d
large amount of copper at concesslons VI 90 60
2 cents from the 11-cent rate, put inSiuei
denied that any operations or the killo no.
taken Mace 1t generally tnoueii', no"
that the decentralization in the STOCK 1oresla i
owed a decline in price OF copper III 'ite "a
can market Facts regarding the AlnalSa!iia ~ O. -
Copper Company are hard to obtain put ~ nc nc
he taken as an absolute truth tnat .ie Lio-
demand for copper is enormous anu tto' O =
duction in the price of copper coulu pe t til
.vifho11t pIacing dividends on the copper siai
in danger At its present rate or oeclhe <Aiat
a,.a+ed Conner NAV soon reach a point at
Sbich il will be an easy matter 10 cause con.
Siderable damage among bear traoeIs. II Mo"
said Yesterday on good authority tha1 the ploias ps
inent Boston dealer who recently anHouho.
that he had been caught heavly iohs VI p e.
Der had been of the leaolng opeloeoi' i
Ibe decline of the last few days
THE weakness in the copper shareS oiu liS
carry the whole list down. but In the 4aie ~ u
ing about every stock on the Ist uecAi1eu -
raIlineT induced bv the bank statement In the
due in great part to the company oeso :
raDorf which showed a decrease IN nea eai illiie
nf SIT T6l This stock sold as low as oo12' . Clos
ing At "a a net loss OF over D polItS' .na-
haitian gained point Among iIe IeM TIac
fea-1I-es were Consolidated Gas, General EIeI
80 uoczing Valley International Silver, Mehl-
EAR issues Norfolk and Western, feoi,.e 80 &c
and Western Union. Erie, southern r.aliS' , a.
Tinted States Steel shares ana LoulsNilIe 60 -
Nashville were comparatively firm ouesius r -
the bank statement and the p1eak ~
shares there were no lH1porlehI
affecting the general list , <or -ho
The usual weekly table Of price changes ioi ZIG
ective stocks follows: