The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-23
STOCK MARKET
VERY ANIMATED
large Bear Account Was Caught
Uncovered.
TRANSACTIONS WERE HEAVY.
Advance Invited Profit Taking in Final Deal
iuss. and Last Prices We're One to
Two Points relow
the Best.
TRANSACTIONS WERE HEAVY.
fRr A,socInted Prcss.l

NEW YORK. Nov. 22-The strength III
to-day's broad ard animated market was
the sequence OF the sudden awakening OF
speculative activity yesterday. afternoon
a large bear account was caught uncover.
ed a consequence OF the perSlSSehe
short selling by the professional elemen.
FOR some time past, on the assulhptioii
that the money market could not escape
& squeeze between now and me nisL ~
Ehe year. and the growth or Opposition III
fhe Northwest 10 the Northern SccuIiiiea
Company would disseminate dcpress!on
throughout the market The uneNpecteu
collapse in the foreign exchange MARKET
end the prospect of recuperation for the
money market left the bears without
sauch ground 10 stand on, ana they
bought eagerly to cover today. This was
q considerable influence in the recovery
OF prices, but the clearing up OF tn money
situation leaves the way open Tor the
natural operation of various forces max
ing toward higher prices.
Te-day's market make 1t appear that a
considerable element has been waiting
ana on the watch for Just such a develop
rnent, and the days transactions were
kuu UP once more 10 over a million shares.
sIhe considerable advance during the day
invited protit-tallins in the final dealings,
stocks were between / and points lower
shan the best The late selling was &C
fentuated By d renewal Of the acute weak
b7ess in Peoples Gas on the denial OF g re-
Etraining order against The assessment OF
faxes on the alleged high valuations OF
illinois corporations. The stock tumbled
"a llpui lDe bcSl, 'IliC SblISpiI1dtSu
fiumped AZ. The aggressive strength Of
New York Central and Manhattan con-
sfnued a widely diffuse influence in the
whole market No news was Forthcoming
10 explain these actions There was no
report OF a coming distribution o. the sur
plus in the treasures OF the subsidiary
companies of the New York Central.
The collapse in the foreign exchange
market was due to the sudden falling off
in the demand TO cover 2naturities which
lsas been a feature Of the market for sew
Ct.l MN tsn H.
price of gold in London ana an advance
in the sterling rate at Paris. CORRIDOR t..,G
The assurance that the foreign - t'.iIre-
ments for gold are satisfied Or the res
tnt.
The railroad bond market was quite az
five and strong. Total sales. par raIue,
advanced Is per cent on the last cr;l.
Total sales OF stocks for the day we're
1,1a.i,Snn shares.
MONEY AND ENCHANGE-NIon on
call closed firm at 3dil5 per cent, ;;ist
Joan and ruling rate. per cent; :!Ee
mercantile paper. 4l9Ga Der cent. Sterl ns
exchange weak with actual business in
bankers bills at S4.s7Rs for demand and
at s4:s4is for siSty GAYS; posted rates;
bills, s.. S3Aa4.S4A Bar silver. 56l9: Mex
bean dollars IS. Government. strong;
state bonds inactive: railroad bonds.
strong.
Total bank clearings for week ended
November 21st. S2.i3o S74.o04; increase.
81 per cent. Outside Of New York, SSi0-
$4,000; increase o., per cent.
BALTIMORE STOCK MARKET.
BALTIMORE. MD. Nov. ~ .-Seaboar I'd
common. 2TlS62IS: DO. preferred, 51@s1
tl1s. Seaboard as. So5sGsGl4.
STOCK QUOTATIONS.
Furnished by Mcssrs SCOTT & sTRINGFEL
Members New y rk Stock Exchange