The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-27
COURSE OF STOCKS VARIED.
CLOSED ABOUT UNCHANGED.
Sometimes the Course Of the Market
Would Varv Distinctly Three Times
Within an Hour.

New York November % -Amalgamatcd
Copper went through an exceedingly varied
course Of movements in todays stock mar
ket and finished unchanged from last night
The course Of this stock was pretty ac-
curnte index Of the general market through
out. The days net changes are seen 10 he
very small as q rule aud considerably
mixed although She extreme range OF prices
was considerable. Il notable fact In con
necton 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, covering each time an
average range OF nearly point, yet the
whole list moved pretty much In unison,
there being no apparent conflict In the
tendency of the prominent active stocks
The opening dealings reflected IA distinct
effort at q bull demonstration for an adj
vance. the trunk lines being selected for
leadership, 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 Its subsequent changes. The stock
fell by successive stages and very uncer-
tninly to rs and recovered with frequent
reactions TO SOA, ending at so. There was
IN entire lack of news to account FOR the
face of permission from court 20 tue
Boston aud Montana 10 pay the dividend
on that stock under bond. The Withholding
Of these dividends was officially offered as
n cause for the reduction Of the dividend
on Amnlgamated Copper The recovery In
the stock was In spite Of the sharp break
In the price of raw copper In London, fol
lowing some recently speculative buying In
4 striking feature Of the check to the re-
cent advancing tendency Of the market
was the decided decrease IN activity. To.
DAYS transactions were about half a mil
lion shares less than those Of yesterday.
rhe unsectling influence OF the apparent
decentralization In Analgamated Copper was
eLpplemented 10 q degree 10y sharp re-
novery in foreign exchange, which awak-
ened some renewed questioning oves the ne
sources OF the money market for the re-
The Jessened supply OF exchange is doubt.
less due 10 the completion OF realizing on
what might be called speculative purchases
Of exchange which have been recently
made But reaction In sterling exchange
In Paris and the rise ~ discount rates and
IN the price ~ gold In London i1dicated
the possibility of a resuu piion OF tEe con:
ditions which caused me recent oNuleW, OF
gold. Thursday Of this week Is PAYDAY
In tie London stock exchange setuemeht
Mex week, on December .. me hhM n
stallment Is due on tie British loan SUI
nor OF cash Is expected from the Bouk ot
England 10 the country, ana tne brltl u
government disbursement Is taking meas
ures t. sustain the value of money IN Lou.
don m order to guard that market against
pressure from the continent The develop,
tnent OF such a pressure therefore. would
be reflected inevitably upon New York, as
was the csse recently. An advance or Z
poiI. q In General Electric the strength Of
Sugar anf Manhattan and tue heaNlness oI
Ra4tlnore ana Ohio and ST louis ana san
Francisco were notable
sales psr value. S3.725.Oo0. United States
bonds were all unchanged ON the last cav
New York Money
New York November 20 Money on cai