The age-herald., 1901-12-01
COPPER SHARES
 AFFECT MARKET Its Upward Turn Affects the
 Entire List LATER IT DECLINES TO 72B Brooklyn Transit Is Another Point of Acute Weakness With Loss
 of Nearly Four
 Points.

New York November 30.-Amalgamated copper shares saw further vicissitudes today and maintained their Influence upon the general market. The raw cop per markets abroad were reported quiet CT today after yesterdays enormous liq- uidation and Amalgamated started up- ward here, reaching a point above last night This had a revivifying effect up- on the list. Sugar was marked up over a point Then Amalgamated copper re- sumed it's recent occupation of making new low records and touched 721a in the course of the. morning. Very circumstan- tiaA assertions were made that large gales of copper had been contracted for on behalf of the company at prices materially below the list price. No of ficial admission of the assertions could be secured. Bears covered in the stock at the decline and closed at 741s, net decline of point
 Brooklyn Transit was another point of acute weakness with a loss of nearly four points on account of the decrease in October net earnings caused by the the increase in operating expenses. The whole market gave way, led by these two stocks, when the bank statement appeared The increase in loans and the consequent increase in deposits resulted in reducing the surplus over a million dollars by reason of the expanded mar gin of requirement.. The firmness of for eign exchange markets makes further exports of gold next week increasing problematical. The final covering by room shorts made closing prices material ly better. and the market closed active and firm.
 The movement of prices during the we k has been somewhat irregular and hesosting and the promise of a vigor- pus upward movement has not been real lzed. There have been strong spots In the list and only few stocks have suf- fered market losses, but the market has shown the effect to some extent of R recrudescence of uneasiness over the possible year-end developments in the money market. There has been realizing here and there on the publication of an- ticipated good news and some selling by disappointed holders over the failure of expected good news to materialize. The delayed meetings of Vanderbilt railroads directors did not bring the hoped for announcement "of the deal' of which there has been vague talk for weeks and some of the members of that group suffered in consequence. Other advanced further. and the demand for New York Central has been continued confident on all recessions-a
 f. The violent and cratic fluctuations in ,AmalgamatedVC Copper have been another disturbing influence This stock rallied sharply on Monday morning on the denial of last Saturdays reports that papers were preparing against the company in the attorney generals office in Washing ton, but the opening price on Monday
 u. ~f H. and heavy offerings of the shares have been a feature of the market Rumors of coming cut In the price of copper here and violent break in the price of the metal in London have accompanied the decline in spite of official denials of the intention to reduce prices in New York.
 The difficulty of obtaining material ow- ing to insufficient car supply seems to be the only drawback in trade, while it Is evident that the railroads have all the business they can handle at present profitable rates. The reports of railroad earnings as published bear out this as sumption. The downward course in the foreign exchange market which set in late last week has given place to a sharp recovery and led to renewed anxiety over possible gold exports. The recovery was partly due to the complication and to Belllng 10 reanze Dy bankers long or ex- change in the expectation that require n ents for remitting subscriptions on the final installment of the British loan would maintain the market at the gold export point. It appears that New York borrow ed in Paris to some extent during the week, which helped to ease the market early in the week. The pressure for gold at Paris has obviously relaxed but the coming year-end requirements in London are coming forward for consideration. This weeks stock exchange settlement in London has driven borrowers to the Bank of England and as the government has curtailed disbursements, that institu- lion Is in a position to make it's rate effective in the open market. The gov ernment loan subscriptions are payable In London next week. The price of gold Is advancing again in London If the Bank of England desires to attract gold In proportion for the yearly settlement, there Is the probability that it will be able to do so. A feature of the week in the financial world has been the cover- Ing movem ent by bears on the Berlin iboerse, and a slight awakening of specu- latiye interest for the past week dormant
 There was good demand for bonds and rather irregular price movement In United States bonds the new As ad- ,sNanoedA per cent. on the last call.