The daily morning journal and courier., 1901-11-30

| time long maintained, and by no effec-
 tive rally. Near the end of the day the
 price touched 75, an extreme decline of 59s, and closed only a shade better. 1 There was no appearance of any at
 tempt to support the stock and it was ' left to it's own courses. The demorali-
 zation in the raw copper market in
 London was the impelling cause of the
 decline. There were enormous sales
 there of spot copper and of futures, re-
 sulting in a drop in the price of the for
 mer of G5 per ton and in the latter of
 G4 per ton. The stocks of all copper securities scored violent declines in for
 eign markets, and the prices of metals slumped all around In London, includ-
 ing pig tin, lead and iron. Anaconda. fell points in sympathy with Amalga
 mated.
 Rumors were very persistent of a de- termination on the part of the company to abandon their attempt to sustain the price of spot copper. but no official ad- mission could be secured on the subject. A judicial decision adjudging director of the company guilty of contempt of court for failure to testify In the suit against the absorption of the Boston and Montana was possibly subsidiary cause of the weakness. The demorali- zation of Amalgamated was without notable effect in the general market un- til near the close.
 There were number of strong points developed, due to individual causes, and the market was inclined to harden all around on the published forecast of 6 favorable bank statement. But the final drop in the copper stocks caused the loss of the principal part of the gains and carried prices point or more below last night for Union Pacific, Mis- souri Pacific, Atchison, New York Gen. tral and Baltimore and Ohio. Sugar was at one time more than points higher, but lost practically all of the gain. Other gains of a point or more were shown at one time by the United States Steel stocks, several minor steel stocks, St. Paul, Wabash preferred. Reading, Louisville, Manhattan and several of the industrials. The Pacific coast stocks were all strong at advances of 2 to points.
 Owing to the Thanksgiving holiday the figures furnished by the banks of cash changes show results only up to Wednesday night, but the movement of cash from the interior was clearly in favor of this center and indicated net gain by the banks on the express move ment of upwards Of million dollars, which more than offsets the losses on sub-treasury options The drafts against arrivals of gold at San Fran cisco, which are on the way, to the amount of nearly s4.000,000, have not figured in the weeks showing. The governments review requirements upon the money market show distinct re- taxation, the months receipts thus far falling over million below those of | last year while the expenditures are several hundred thousand dollars in ex cess of those for the corresponding per- | iod of last year.
 Sterling exchange and continental ex- | change continued their upward course day in spite of slightly easier money 1 in London owing to the completion of | the settlement The price of gold ad- | vanced in London to-day. The impress sion is growing that more gold will go out next week.
 Central of Georgia income bonds were strong for the three issues, and Consol- dated Tobacco fours advanced on the of dividend on Continental Tobacco. The bond market generally was irregular Total sales, par value, s4, 130, ,0O0.
 United States bonds were unchanged on the last call.
 NEW FORK STOCK MARKET