The age-herald., 1901-11-27
NET CHANGES IN
 MARKET ARE SMALL Amalgamated Copper Move
 ments Are Surprising LESS ACTIVITY IN MARKET I Transactions Yesterday Were Half a Million Shares Lees Than They
 Were the Day 6efore-RaII-
 road Bonds Irregular.
LESS ACTIVITY IN MARKET

New York, November 26.-Amalgamated Copper went through an exceedingly varied course of movements in today 8 stock market and finished unchanged from last night. The course of this stock was a 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 the market would vary distinctly three times within an hour, traversing each time an average range of nearly point. Yet the whole list moved pretty much in unison, there being no apparent conflict in the ten dency of the prominent active stocks. The opening dealings reflected a distinct effort at bull demonstration for an ad- vance, the trunk line stocks being se- lected for leadership. Amalgamated Copper was also supported in the open Ing deals, but the weakness which quick ly developed in this stock was reflected in the whole market and so with its sub sequent changes. The stock fell by suc- cessive stages and very uncertainty to 7S, ana recovered with frequent reactions to S0%, ending at S0 There was an ever lack of news to account for the move- ments The early weakness was in face Of permission from q. court to the Boston and Montana to pay the dividend on that stock under bond. The withholding of these dividends was officially offered as a 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 of raw copper in Lon don, following some recent speculative buying in that market.
 striking feature of the check to the recent advancing te ndency of the market was the decided decrease in activity. To- days transactions were about half mil lion shares less than those of yesterday. The unsettling influence of the apparent demoralization in Amalgamated Copper was supplemented to a degree by sharp recovery in foreign exchange which awakened some renewed questioning over the resources of the money market for the remainder of the year. The lessened supply of exchange is doubtless due to the non-appearance of supporting factors in executive departments.
 But reaction in sterling exchange in Paris and the rise in discount rate and in the price of gold in London indicated the possibility of g., resumption of the con- ditions which caused the recent outflow of gold. Thursday of this week is a pay day in the London stock exchange settle ment Next week. on December 5, the final installment is due on the British loan subscription. During December a heavy outflow of cash is expected from the Bank of England to the country, and the British disbursement is taking meas ures to sustain the value of money in London in order to guard that market against pressure from the continent The development of such pressure, there fore, would sbso reflected inevitably upon New York as was the case recently. An advance of 75points in general electric, the strength of sugar and Manhattan, and the heaviness of Baltimore and Ohio and St. Louis and San Francisco were notable. t.E1
 Railroad bonds were irregular. Total sales, par value, 8, 725, 900.
 United States bonds were all unchanged cn the last call.
 New York Stock Market.