Show INSIDERS BUY AMALGAMATED TED t Heavy Support Develops For This Copper Copp r Stock BEARS ARE DISCOMFITED EARLY EAlLY EY SLUMP SLUM HAS H EFFECT EC ON FOREIGN MARKETS I New York York Sept S pt 24 There were Indi Indications rations of or support for or Amalgamated Cop Copper Cop Copper per by Interests today for the first frt time since the reduction of the dividend last Friday The rapid downward course of that stock was thereby arrested and the stoc te whole market showed signs of or relief from the nervous strain engendered by Amal Arnal Amalgamated Coppers decline There was little ittle actual news to take into account In n considering the days movement of prices pr ces as they tey were governed almost exclusively by bJ technical t causes growing gowIng out of the collapse In Amalgamated Cop Copper Copper I rc g per Copper mining stocks all ara over the world showed the te of this devel development development this morning moring and spot s ot copper In London scored a violent decline on ac account account account count of a prevalent rumor that thi th Amalgamated company was about to re reduce reduce reduce duce Its selling price In order to work off or an a accumulation of Us Its Is products product Foreigners Are Ae Sellers Seler Selling by foreign holders of American AmerIca securities including railroad stocks was an important Influence In the opening decline which reached from 1 to 2 points In Important cases Amalgamated Cop Copper Copper Copper per sold at 90 9 during the fr few min minutes mm utes 8 of trading which w proved to be the thelow thelow g low point of the day It fo was c after f the stock had steadied that the severest list fist pressure developed against the general genera listA A promiscuous spilling out of stocks carried cred the level of prices 1 to 2 points point below last night night the Pacifies south westel S 3 grangers and Sugar being the principal sufferers It I was wa believed that recent tosses losses In Amalgamated Copper were responsible re for the liquidation else elsewhere ese elsewhere where here Several everl alarmist stories stores put out this morning Indicated Indicted the te exhaustion of ammunition by b the bears bear Bears ear Forced Fored to t Cover The support developed in Amalgamated Copper and ad the postponement of the meeting of the directors of the Anaconda company which It I was seared eared would re result resul result sult In another dividend reduction com corn completed completed sul the discomfiture of the bears bear and ad they covered heavily during the latter later part of ol the day The earlier earler declines were largely large wiped out and a fair lair pro proportion proportion portion porion of net bet gains gins established Points Ponts of conspicuous strength were the Van Manhattan and Wabash issues Issues The selling of stocks for London ac account a account count made an active demand for ex exchange eXchange eXchange change which forced rates up an addi additional additional tonal fraction away away from the gold Im Import Import import port point The railroad bond market was quite Quite active Total sales par value United States Ss and the old tt s f ad advanced advanced ance 14 A per cent on the t e last call can Bond ond Quotations U S ref Hex Mex Cent Cent 84 54 Do coup 10 Do 1st Inc Ine 31 3 U S reg lOSi Mini Minn Min St St L Do coup 10 48 45 10 U S n a 45 s re reg M is K K T 99 Do 29 82 Do coup JO 13 TZ vr SI SIDo 82 Do coup N Y Cent Is t tU U S o reg regU Do b gen U S Ss reg J Cent gen 4 I 1 Iera Do coup c era oral l Is 1 1 Atch A Yi gen 45 J 1014 Nor N Pan Pac a 48 g 45 4 97 Do Is 72 i Bait O 0 Nor Western Wester Bai Do 3 s 14 consol 10 Do Co Cony 1064 Read gen 4 48 OS 06 OSCan 0 Can Can Sou St L I J Mt t C of Ga Ga consol Ss 16 Do 1st 1 Inc SO St L S F 95 06 t Ches f 1 4 1 St t t L S W V Is a aDo 97 Chic cle A A 3 s 84 14 Do is 2 79 4 C B Q n a 98 96 9 San Ant Ar ArC ArC C 8 M St P S1 Pass s s1 86 general Sou Pacific P 91 10 2 N W con Sou ou Ry By 1171 17 r sl sol 75 14 T Te oc 4 Pan Pac Pa is 2 R T I Sc P Toledo oledo St L LC LC 6 C R C t C OS St L U L Western Wester o v 85 S general s 10 U P ts Chic Term Torm 94 IWar IT U P Cony o V h hD g Cole Celo le So 83 Wabash Is D B R It R G Do 10 Erie prior lien 97 9 1 Do Deb B 63 6 Erie Ere gen len 48 87 sA 5 West Shore Ft W Denver Wheel Lake City Is IM M Erie t Hock Hock Val 4 s Wis Cent 81 L N tock Stock Quotations 7 75 Son Sou Pacific Pa 57 67 Preferred t 95 Sou 5 Ry By 34 14 Bait Balt B Ohio hI I Preferred eJ d 83 3 p red as 50 3 Tex Pacific 42 Can Pacific 10 Tel Tol St St L L W 21 1 Can Su Southern 82 Preferred e g Chec Ohio f IU f Pacific l 05 Chic Alon Alton 31 Preferred 8 97 Preferred T Wabash 21 Chic md Ind L 42 Preferred 3 Preferred f 71 Wheel L IL 15 M MCA C Chic E Iii Ills 1 Second d pfd 50 C Gt West 51 W Wis Cent 21 CA A p preferred 85 Preferred ef f 42 B preferred 48 Adams IO C N American C R H I 1 P United States 92 9 C Ter Term Tr 23 Wels Fargo Preferred 42 Aal Cop 92 C C C St St L 9 Am Car F 29 8 Cob Colo Sou Son H 14 4 Preferred 84 First pfd 5 54 Am Linseed Oil 17 Second pf 2 25 Preferred 4 41 Del Del Hudson A S 5 R H 44 Del L L Preferred 96 P D R H G 0 46 Ana Ann Min Mm Co 3 36 Preferred 93 03 Brook Brook R B T 6 67 Ere Erie 41 Cob Fuel I 9 95 First pfd 70 74 Con Gas Second pt 5 56 ont Tob pfd Gt Gt Nor pfd Gen Elec Hocking Val 5 53 glucose Sugar 51 55 Preferred 74 Hocking k Coal o 18 M ills Central i l Paper 23 Iowa Central Preferred 78 Preferred 76 Power 94 nt L E West rt 6 67 Laclede Gas t 0 90 Preferred 1 Nat NaIl Biscuit 43 31 I Luis Louis Nat Lead 19 L NatI Salt 4 41 Met Iet St St R 16 P Preferred fer 7 75 Mex ex Central 2 23 Nor American 9 97 Max Nat NatI Pacific Coast 67 Minn St L Pacific Mail 40 Io Pacific i 1 1030 Peoples Gas S I IM M K T 28 P Steel Car 4 40 Preferred 55 55 Preferred 8 81 N J Central 16 Pul Pull Pal Car N Y Central 11 Steel 15 Nor West Vest 14 8 6 67 Preferred e Sugar N Nor Pan pfd 96 I Tenn C i I 61 Oat West 54 IT Bag Paper 15 UP dP Pennsylvania I I Preferred r 68 Reading U S Leather 12 First pfd 76 Preferred 80 f Second pfd 52 13 S Rubber 1714 St L S F 45 Preferred 5 53 First pfd 78 U S Steel Second pfd d 68 UP Preferred f A Ast st St L S W V 3 30 West Union 91 Preferred 6 62 St Preferred Paul 16 Total sales Metal Hetal Meta Market Maket New York Sept Sept 24 The feature feature In iii the metal market today was wa the sudden and unexpected drop in copper at nt London 2 iTs Sd 6 to 63 S for lor spot spot and 63 6 78 6 for lor futures future the lowest level reached since 1899 18 A fair business was done the te sales sale amounting to SOO 80 tons spot and ad 20 tons futures Private advices state that the weakness was wa due to very ver heavy hea stocks stock in this country countr and the slackness blackness of demand Here the market was life less and nd nominally unchanged Tin was dull dul and easy at 2010 while In London the market market eased oft off Es under liquidation and closed at or 2 Sd 6 for lor spot and 11 lOs IOs for futures 11 Lead and in London at 12 1 Is 3 for spot Spelter unchanged both here and abroad Domestic iron markets market were ere featureless at old prices Stocks Stock in London New York Sept Sept 24 The Commercial Advertisers says London financial cablegram The y slump In copper shares caused a general flatness latness Ih an Idle market market Tin tos and Anacondas w we e heavily sold for lor forthe forthe the New York account the former forer touch touching touching touching ing 47 m and closing at 48 or a net loss of 3 The latter later closed at the worst wort 7 or one point down for lor the day There Is i a general generl anxiety here regarding the overstocked condition of the Amalga Amalgamated Amalga Amalgamated mated mate Copper company but some sus suspect poet a l ruse on the part of of Rockefeller American stocks moved with copper shares but the te account was so small smal that that there was little niUe pressure to sell sel un an until til tl there was a point break In Jn the street I New York offered silver on n the weakness of copper 1 Loans Exchange and Silver Siver New York York Sept 24 Close Money on oncan can cal steady stead at Cl Z 4 per vcr cent last loan 3 3 c Ruling rate rte 8 per cent cent Prime P mercantile mercantile tile paper 56 56 per cent cent Sterling ex exchange exchange change hage strong with wih actual business in bankers banker bills billa bis at 4 for demand and aud at si for 60 6 days da P Posted rates Commercial bills bUs 4 Bar sliver sUver c Mexican dollars dolar Government bonds strong state bonds inactive railroad bonds bond weak weak Gage Gag Buys uy Bonds Washington Sept Sept 31 The secretary of ofte the te treasury today purchased long term 4 per cent bonds fours of ot 1907 19 and pr 1900 19 fives of 1903 19 Since April Apri 1st last the total purchases have been ben 69 at a cost of or During this fiscal year ear the expenditures on account of bond purchases have ex exceeded e exceeded the surplus revenues of ol the te year yearby yer yerby yearby by Condition of the Treasury Tau Washington Sept Sept 24 state statement ment meat of o the treasury shows Available cash ch balance gold |