The Providence news. (Providence [R.I.]) 1891-1906, 1904-12-13
ANOTHER FEVERISH DAY
IN THE STOCK MARKET,
Continued From Page One. }

Continued From Page One)
In the offices OF mission houses which
have private wires running TO the lead
ing cities, the scene was especially ex-
citing. Telegraph operators were hand
ling countless messages and IL seemed as
II the country at large was waiting on
Wall street
Before the end of the first half hour
the tape was at least ten minutes be-
hind the market Amalgamated Copper
was quoted at 63ia at time when "a
was being bid on the floor. Support was
shown In this and other stocks and brok-
ers supported buying by insiders. Bar
gain hunters also took hand.
GENERAL BUYING.
Offerings OF copper seemed to be freely
absorbed and such gossip as leaked out
OF the board room IN the early trading
indicated that the buying was OF a gen.
eral character
The delayed quotations on the tape
recorded some further disastrous breaks
in prices. but powerful support quickly
became manifest and there were spas
modc rallies all through the list.
The bears rushed to cover and carried
Amalgamated Copper points over last
night Southern Pacific. Colorado Fuel
and International Paper recovered to a
point over last night and fractional gains
were established In several stocks.
Recoveries were complete or practical
" 90 In Missouri Pacific. Southern Rail-
way and Peoples Gas Recoveries else
where were not complete but showed vio-
lent rallies from the low point. The break
extended to Q points in Allis Chalmers
preferred in Pullman, 3la In Delaware
and Hudson, 3h In Tennessee Coal, In
Great Northern pfd and TO PA I'm Rock
Island. Central OF New Jersey, Erie sec
ond preferred and Louisville and Nash
Vile. The trading was extremely feverish
for time on the rally but the market
settled down into a quieter tone before IL
o'clock.
ANOTHER DROP.
Boston, Dec. ls-The announced con-
tinued raid OF Boston broker on the
coppers, together with the mornings
newspaper advertisements Of w. c.
Greene. president OF the Greene Con-
solidated company, the stock OF which
fell so heavily yesterday, had their effect
on the Boston stock market at the very
opening today. coppers running OFF y TO
points from last nights closing. Greene
Consolidated went 10 %. but recovered
point on later sales.
Amalgamated sold at 81. of n from last
night The opening sales OF Copper
Range were at 65. a drop OF point Trad
ing was active at the very beginning and
feverish. A determined attempt on the
part OF the bulls TO check the bearish
tendencies OF the market became manifest
at the outset. and this was responsible
for the slight recovery In Greene
The rallyips movement was we'll sus-
tained and the market steadied percepti-
bly,. all around stocks taking fractional
advances.
Greene Consolidated recovered more
points and sold at Is.
Just before IL o'clock the rallying pc
riod was followed by a slight depression
which affected practically all the market.
Greene Consolidated went OF 70 23it.
Amalgamated sold at 6s%, and Copper
Range at 67i., but In each case at above
last nights closing. The volume OF trad
ing was very light for the morning hours
with the exception OF United states Steel,
I'm which there was a heavy selling