The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-26
ANOTHER BREAK
IN COPPER STOCKS
Ama|gamated Shares Sell Below
Lowest Record Price.
ADVANCE IN OTHER STOCKS.
Southern Preferred and Norfolk and
Western Make New Records-New
York Central AMI Pennsyl-
Yania Also High.

Yania Also High.
On Saturday last just before The close
of the market. it was annouGcei thSt
Federal litigation against AnalSamatei
Copper had begun. and naturally there
was a sharp break in the prise OF the
copper stocks. | was annunnead s4tse-
quently. in the Sunday morning p.tpers,
that the story was 4 pure fabrication.
and copper opened up yesterday about
two points higher than the lowest point
reached on Saturday. The whole market
was strong. led by New York Central and
Pennsylvania. New York Central sold at
17t1-2 a gain of several points over sat
urdays best figures, and Pennsylvania
sold at To-. Southern Railway, Norfolk
and Western. Chesapeake and Ohio and
Louisville and Nashville We're also strong
and active. Southern preferred made
new record of IS Is: Norfolk ard Western
made a new record of 81 IA and Ghesa-
peakc and Ohio sold up to -. Canada
Southern had 4 sensational advance of
four points over Saturdays closing. and
T. c. 1. was also strong on a rumor that
it would zee, taken into the United States
Steel Corporation.
LOOKED LIKE A BOOM.
It looked as though a genuine bull mar
ket had set in. but later on. without
any apparent reason, Amalgamated Cop
per began to break sharply. and went
from s. down to 80 LIS. the lowest price
at which it has ever sold. This seemed
to unsette the market, and other stocks
sold off. although there was nothing like
q sharp break in the specialtles above
mentioned. For some cause, Union Pacific
was also weak, even when other stocks
were booming. and, as they say in wall
Street. the selling of this stock was bet
ter .tiTan the buying. No news was re-
ceived. however. on the local market to
account for this.
ANOTHER STEEL COMBINE.
One of the interesting announcements
yesterday was the following, taken from
the New York Herald:
Frederick II. Clarke. of New York. VINO
says he is u law partner Of Rymer. Hobbs
and Slower of this city, made the fol
lowing statement last night at the Wal
dorf-Astoria Hotel:
"A new steel company Is soon to ne
formed in this city. 1t will have a capt.
taIization of $3.50, coo, eco, instead CT $21,-
Coo,O00. as has been reported. We are not
yet ready to say what part of this
| amount will be reserved for the liabilities
| of the different companies which Will
make up the new corporation The new
/ company will operate iron mines, coal
| mines. blast furnaces and rolling mills
ut will ship its products of iron and
| coal direct to the consumers over It's own
roads. I cannot give out the exact gate
| when the company will be Incorporated,
but it will probably be very soon. During
| the last week many prominent steel ana
| iron men from PENNSYLVANIA and ONO
| have Seer in town Among them were
| Myron C. Wyck and George D. WICK
from. Youngstown. Ohio, and Henry e
Frck of Pittsburs. Pa.
.'William II. Blymer is now in the Ohio
coal and iron district. He will be in Pitts
! burg. at the Dusauesne Hotel, Tomorrow
! ..Mr Cochran. director and head OF the
| REPUBLIC Iron and Steel Company: Willis
King, of Jones and Laughlin Company
| Pittsburg. and many furnace men Will
| be in town al the Holland House and the
| Naldorf-Astoria some time this week.
Negotiations are on with the Tennes-
see Coall and Iron Company, which is
| now incorporated for S22,0Coooo. and this
accounts for the recent boom In stocks
OF that railroad"
This bit of news, however, did not seem
to affect the stocks ct the United States
Steel Corporation which were q MITE
NO GOLD SHIPMENTS.
There were no announcements OF gold
| shipments. and as there has been q break
in the price of sterling exchange it Is be-
believed that the gold movement outward
is Ut an end for the present. ms baHkS
are in strong position, and money seems
TO &c in plentiful supply at q low rate oil
interest. The country Is; ABOUT as pros
percus as it well could be. yet tor some
reason the long predicted Dull movements
in the market is still delayed, and it Is
l., I,,+ should have EGpfl
such !, break III ANlalgaraated Copper on
a day like yesterdays. when all the condt-
tions for a bull market We're favorable
The local market yesterday was quite
active and Il number of sales are re-
ported Among them are several sales Of
old Dominion Steamship Company at126.
| There were also several sales of Chemical
common at-from ST II to 81 81
t;roduce tarket.
Produce merchants are discussing the
subject OF eggs just now. Views DO not
in all instances coincide. yet 1t is pretty
much the belief OF ell that the prices OF
this commodity will continue TO advance
for some time yet. Sorse hold the opiT-
ion that eggs will be 30 cents per dozen
wholesale by Christmas They are selling
now n -, ana -; cents rcr dozen.
Poultry is also becoming serious
problem. Live poultry is especially dull.
and merchants are advising their patrons
TO stop S!ippl!l5 IL. LILY Z al MY . ai p!1iJ
worth ~ cents per pound, and chickens
are not much better. Dressed turkeys
ara a little better, and are selling at D To
II cents per pound. Dressed chickens are
worth I0, 10 12I, cents.
The ordinary run of butter is worth
| 16 to is cents per mound. The best
! creamery brings % and - cents.
| Live stock holds un at the usual prices.
EeaIs are worth IS to so per head,
lambs, 81, to ~, cents per pound: sheep.
ab to 9 cents; cattle, . to 'H cents, and
| hogs, So to & cents.
The price OF c-arne does not change with
the. weather. Rabbits are worth t6 TO IS
cents each. partridges. l. TO Is cents
each. pneasants. 40 10 30 cents each.
cents per pound. and dner. . cents. per
Apples are worth SIS to &t.5o per barrel,
and are selling fairly Well