The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-11-22
Dizziness in Certain Directions
Contrasted Sharply with Lively
Buyipg in Other Quarters in
Early Part Of the Day
REMARKABLE STRENGTH
IN NEW YORK CENTRAL
Other Stocks Responded in Sym
pathy in the Afternoon-Con-
dition of the Money Market Is
Considered to Be More Favor
abIe-Bonds Fairly Active

New York, Nov. 21-Prices of stocks
drifted uncertainty during the early
part of the days trading, the rather
acute depression at some points con-
trasting with steady absorption at
others. This irregularity gave place
during the course of the afternoon to
a general upward movement in SYM
pathy with the notable strength of
New York Central which touched 16S
IL an extreme advance of ga over
last nights price. No news was forth3
coming to explain this movement be-
yond that reiterated rumors of plan
for combining the Vanderbilt system.
All of the Vanderbilts were affected by
the movement. Lake Shore and Michi
gan Central sold at S4S IS and $50 re-
spectively.
Manhattan was another effective
centre of strength and was bought on
an enormous scale by brokers usually
acting for inside interests, the adj
vance extending to 4 ga over last
nights price in the late dealings. Mis-
souri, Pacific was also lifted is, but
otherwise the Gould stocks were not
conspicuous. Under the stimulating in
fluence Of this aggressive leadership
practically all of the early losses were
wiped out. The most conspicuous of
these were in Great Northern preferred
which fell IA under the influence of
the agitation in the Northwest against
the Northern Securities Company,
Amalgamated Copper and Peoples Gas.
The level of prices was generally be-
low last night at one time during the
forenoon, while there were still ap-
prehensions that there would be fur
Their large exports Of gold on Saturday
There was very large buying Of
Reading, but it never rose more than
a point. Louisville and Nashville, Chi
cago, Indianapolis and Louisville, a
number of the Coalers, Sugar and Con-
solidated Gas were notably strong.
The developments of the day made it
improbable that further gold will go
out to Europe Immediately. Saturdays
steamer is the last one conveniently
available TO carry remittances for the
installment of subscriptions to the
British loan due on December and
London made il manifest today that
g61d was not urgently required there.
by further lowering the buying price Of
gold bars and gold eagles. thus wiping
out the margin Of profit on gold ship
ments Sterling Exchange in Paris also
advanced IL centime additional. which
operates to decrease the pressure for
gold exports, and adds to the probable
fly that the requirements at Paris have
been satisfied.
Sterling Exchange in New York eased
off a fraction and money on call was
easier in tone The New York sub
treasury was advised Of shipments of
drafts on gold deposited on the Pacific
coast aggregaung nearly S4000.000.
These DEVELOPMENTS served to relieve
anxiety over the money outlook to a
marked extent. ard were an effective
factor IN causing the late upward
movement in stocks. A large demand
to cover shorts helped on the rise. The
market closed active and strong in spite
of sor2e profit taking by room traders.
The Railroad bond market was mod
erately active and prices were inclined
10 adv 4 'e. Total sales, par value,
81 2S5. 900
United states Reminding IS register
ed the new As and IS advanced IS per
cent on the last call