New-York tribune., 1901-12-10
AMALGAMATED ADVANCES
AFTER LONG DOWNWARD COURSE
THE STOCK GAINS NEARLY
FIVE POINTS.

rp x..,;,,,.+ors of Amalgamated Copper
gave the stock market rather suipi4se
terday in not forcing the stock as usual 10 T."
new low record point The opening was ina
spcious enough, for the nfst saie was
of 800 shares at 65, IL points neio" oat-
urday's close and exactly one-haI lho AisH
record figure of the year But at no time sub
seouentIv through the day was Amalsarnaleo
as low as 65 It began to rise from the star l
with continual fluctuations, but still 1t rose, ana
bv p o'clock il was selling at 611a. Rather carry
in the dav there was heavy buying OF the STOCK
nv brokers often acting for Stahoaru oii III
terests. and the shorts, who thoroushiy uiuei
stand that Amalgamated Copper IS hisLlS
speculative stock, began to cover rui4iolS Ia
vorable to the copper situation were hearu' anu
in the last hour Amalgamated rose raplolS' seH-
ing I'D to II and closing at Iois, net ADVANCE
40 asL noints for the day on total transactions
of two hundred thousand shares- <Aiia0ou"
GAINED IL points, closing at 31as, the top price
3 +ha dow The whole list showed decided i'm
o,,a,,a,t MANY net gains being scored. al
+boueb call money at one time reached b12 per
cent.
The dominant interests in Amalganlated COP
ner have Wall Street reputation Tor ways
that are dark" although not for trlchS tiid' are
-oin The Street fully believes that the present
deem depression of the stock, representing d
shrinkaee of SIT 900 in the last SIX months'
reflects more than lessened export demand lor
copper The popular theory IS that some III
terest is 10 be .harrnonized.'' Not many persons
now believe that that interest is Lawson OF BUS
ton. for it is felt that Mr. Lawson doth protest
zoo ,,,,cb Some incline to the BELIEF that IL IS
+be extensive DAILY holdings which are TO De OF
have been taken over. The manager OF the es-
tate Of Marcus DAILY, however, declines either 10
confirm or deny any report in regard 10 MIS-.
So, .oon+ transactions in Amalgamated
+oct He authorizes the statement that the
Daly estate is a large holder of that STOCK.
There are others who assume that the Calunet
and Hecla is aimed at. and VINO oeheVe thfh'
+ha A,,a,eamated dividend will be reduced or
passed altogether, with the OBJECT OF pio'iuis "
oevvar fund" which may be used In convlhclng iii
tba Calumet and Hecla that Its interests wan
he hest served by its allowing the Onlteu
Metals Selling Company to hahaIe is ~ =
~ conner as it handles the Amaea .
Drodrcf The Amalgamated copper company
interests have preserved an unoroheh siteuse 81 ~
throughout all the exciting occurrences VI INC
last few days.
The officers and directors of the corporation
are. President. Henry H. Rogers; secretary ,
and treasurer William G. Rockefeller, oirectots =
II II Ropars William Rockefeller, William u.
Rockefeller, Anson r Flower, T. Z. olcot.' -,
Robert Bacon, James Stillman ahc Aoef' -
Burrage. -. ho
cause of a disagreement the Lewlsohhs hao
withdrawn from the United Metals Seillng @ Coii,-
rany but this rumor was found TO De lncorreCt
The corporation of Lewisohn Brothers was solu
some time ago to the United Metals selllhs 3
C,ompany There is also copartnership under
the stvle of I.ewisohn Brothers. From this firm
Adolph Lewisohu now retiree, 1t is sad. on ac"
count of unsatisfactory health. Lecrard Lew
ischn. his brother and partner, Will conduct the
business alone
The Improvement in the price of Amalgamated
yesterday partly due to reports that the
French Rio Tinto Company, which is controleo
by the Rothschilds had given assurance to the
United Metals Selling Company that II would
reduce its production OF copper. thus IoLoWIns
the recent policy of the Amalganated Copper
Company. Jesse Lewisohn. when asked about
this report said that he had heard or II, but
that the United Metals Selling Company had
not as reported received any cable dispatch
from the Rio Tinto management.
It was reported from Boston that Thomas ";
Lawson had offered IS per cent to call 1oo,occ
shares of Amalgamated to-day at 10.