Arizona republican., 1901-12-01
COPPER STOCK MARKET.
False Dispatches From Washington
 Send Stock Down.

Either as the result of a misappre- hension or of carefully prepared stock jobbing plant upon the Wall street news agencies-just which did not appear-there was smash in the price of the stock of the Amalgamated Copper company yesterday that car ried it to S3 or to the lowest figures that it has touched since it was dealt in on the New York stock exchange
 Both of the Wall street news agen- cies printed dispatches from Washing ton shortly after II o'clock stating briefly that the United States attorney generals office was preparing papers for proceedings against the Amalga- mated company. This was a big sur prise to Wall street and there was a rush to sell the stock. Its price had been in the neighborhood of S6. but it quickly declined to s3 under heavy dealings. It rallied to S3Ss at the close. a net decline of 212 points from Friday. The idea that the attorney general if he was going to proceed against the Amalgamated company. might also take action against other combinations led to the selling of stocks generally and offset the effect of a favorable statement by the associated banks. American Sugar Refining stock tum- Dlou lZU, CiOSlIlS dl l-u7s. oi points under Fridays closing price, and some other prominent stocks broke sharply.
 It was not until after the market had closed that word came from Washing ton to the effect that the department of justice had no action whatever in contemplation against the Am2lSa- mated Copper company. It was stated by representatives of the news agencies hod tad diSn1trheS because they had been received through their regular Washington news channels and that they had as stunned therefore that the information was correct.
 An explanation advanced in one quarter was that it might be that the United States district attorney in Mon- tana had asked his superior, the attor- ney general, for certain rulings and opinions upon the Amalgamated Cop per litigation which is now pending in that state and that one of the Wash ington correspondents. hearing of this, had misunderstood it to mean that the attorney general was going to take action against the company. Another suggestion was that the false report had arisen from investigations making by the industrial commission.
 William G. Rockefeller, treasurer of the Amalgamated company, made this statement:
 ''I have no knowledge of any pro ceedings being instituted against the Amalgamated Copper company by the attorney general and know nothing about the report beyond what I have seen on the Wall street news bulletins. The Amalgamated company is not a trust. The mines of the company are located in one state-Montana-andt the company does not pretend to control the copper output of the country
 Washington. Nov. 23.-Shortly after noon today some person who gave his name as that of a prominent officer of the government, recently appointed. called up Attorney General Knox on the telephone.
 ''I am not acquainted with you." said this person in a courteous tone, but l know your predecessor. Mir. Griggs, very well. Will you please tell me ii the report from New York is true that you are preparing to proceed legally against the Amalgamated Copper com papy?"
 You have made a mistake" replied Mir. Knox. "I know MT. - very wei and you are not Mir. -" Then the attorney general hung up the telephone He began an investigation, and learned that the query had come from certain brokers office in Washington. The in quirer was evidently short on copper and he had assumed that the attorney general was not acquainted with the newly appointed government officer but the trick failed.
 It is learned at the department oi justice that no action whatever agains the Amalgamated Copper company i.