The Birmingham age-herald., 1903-10-30
STOCK DEALINGS
 ARE VERY MEAGRE Trading in Copper Far in Ex-
 cess of General List SHOCK SHOWED STRENGTH Buying of Amalgamated Was Attrlb- uted to the Coming Meeting at
 Butte of the Mediation Com
 nnlttee--No Pressure.
SHOCK SHOWED STRENGTH

New York, October 9.-Dealings in stocks aggregate transactions barely exceeding a quarter of a million shares. The trading in Amalgamated was far in excess of that of any other stock, and 1t was the only stock of any prominence which showed strength. In the early dealings it got 1as over last night. and had some sustaining effect on the general list. The heaviness elsewhere proved too much of weight for It to carry, and its maximum rate was not held. It closed today, however, at a net gain of #, having held firmly about last night throughout The drop in the general market carried number of the leaders about point below, including St. Paul Union Pacific, Missouri Pacific, Canadian Pacific, Delaware and Hudson. Louisville and Nashville. The iron and steel company stocks and the railway equipment stocks also showed various de- clines of from 1 to ? points. The buying of Amalgamated was attributed to the coming meeting at Butte of a mediation committee with the purpose of effecting settlement of the embittered quarrel amongst the copper interests. The sag ging tendency of the general market was due to hamilton rather than to any posi- tive pressure to sell Traders are little disposed to extend themselves in face or the hardening money market, and the un- known extent to which the withdrawals of currency from this center may ex- tend. Photographic transfers through the sub-treasury were over million dollars less than yesterday, but they still reached the respectable total of $1,S75.0o0. Of this amount $S25,OO0 went to St. Louis, SOO,OOO to Chicago and $s5O, GOO to New Orleans. There is a disposition to account for the movement to Chicago wholly on the ground of the sudden development of the ng-delayed crop movement demand, but there is authority for the belief that St. Louis has made drafts on Chicago, for which Chicago is recouping itself by draw ing on New York. The tightening of the local money market sent sterling ex- change downward with a plunge within measurable distance of the gold import point demand sterling being below 4.S5, but with a slight recovery at the last. Cotton bills were again in free supply, and the outward movement of grain contin- uses heavy.
 The weekly statement of the bank of England shows a gain in gold for the week of nearly $4,000,0O but it Is prob able that any demand from New York for gold would meet with resistance, as the demand from the continents is keen. The weekly statement of the bank of France shows decline of gold holdings of nearly two million dollars, while that institution's loan account has been ex- banded over twenty million dollars dur ing the week Last weeks emergency shipments of currency to Baltimore and Pittsburg failed to find any reflection in Saturdays bank statement This is condition that usually results in throw ing over the showing into the statement for the following week. This weaks heavy outgo of currency may therefore be reflected in aggravated form in Satur- days bank statement. There were some rumors current on the stock exchange of a tendency to spread the spirit of dis trust aroused in St. Louis. These ru- mors were not verified, but they had some influence on sentiment. The favor able reports of September net earnings by the coalers caused some resistance to de- cline by those stocks. The closing was steady.
 The bond market was affected by the decline in stocks and the rising money market was inclined to be heavy.
 Total sales, par value, s2 16500o. United States 2s declined 1s per cent on the last call.