The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-22
STOCKS CLOSED HIGHER
AFTER DRIFTING EARLY
Acute Depression at Some Points Dur
ING the Day Contrasted With Steady
Absorption at Others.

New York, November 21--Trices Of stocks
drifted uncertainty during the early part Of
todsy's trading. rather acute depression at
some points constrasting with steady alb
sorption at others. This irreguarlty gave
place during the course OF the afternoon
TO general upward movement in sympathy
with the notable strength of New York
Central, which touched 1857. an extreme
advance OF ga over last nights prices
The buying of this stock was on very
large scale, many blocks of 1000 shares and
upward changing hands at every stage Of
the latev advance. No news was forthcOm-
Ing 10 explain this movement beyond the
reiterated rumors OF a plan for combining
the Vanderbilt systems. All OF the Van
derbilts were affected by the movement.
Lake Shore and Michigan Central, OF which
the shares not yet exchanged for New
York Central collateral bonds are very few,
sold at BATS and $50, respectively. Man
hatt1n was another effective center of
strength and was bought on an enormous
scale by brokers usually acting for Inside
interests the advance extending to Az
over last nights prices in the late deal
phgS. Missouri Pacific was also lifted pa
but otherwise the Gould stocks were not
conspicuous. Under the stimulating in
nuence Of this aggressive leadership, prac
ideally all OF the early losses We're wiped
Out. inc most conspicuous or these We're
In Great Northern preferred, which fell ~
under the influence OF the agitation ia
abe Northwest against the Northern Securi
ties company. The level OF prices was gen
orally below last night at one time during
the forenoon, while there was stil appre-
hension that there would be further large
exports OF gold on saturday There was
very large buying Of Reading, but IL never
rose more than a point and Louisville and
Nashville, Chicago, indianapolis and Louis
Vile, a number OF the coalers, Sugar and
GVH
The developments Of today made 4 inn
probable that f,lyaer gold viii 90 OUT to
Europe Immediately Saturdays steamer
Is the last one conveniently available TO
carry remittances for the installment or
subscriptions TO the British loan due De-
cember and London made II manifest
today that gold was not urgently required
there by further lowering the buying price
Of gold bars and gold eagles, thus wi9ng
ont the margin Of proht on gold ship
ments. Sterling exchange In Paris also
advanced y centime addltlonnl which oyer
ates to decrease the pressure for gold eX-
ports ana adds 10 the probability that
the requirements at Paris have been salts
fed, Sterling exchange IN New York eased
of n fraction and money on call was easier
in tone. The New York subtraasnry was
advised OF shipments OF drafts Ou gold
der 6Sifed an tho Pacific coast agrreqaffug
nearly S4OlO,000. These developments
served 10 relieve 9n1lety over the money
movement in stocks. large demand TO
cover shorts helped on the rise; The mar.
The railroad bond market was moderately
active and prices we're ineiined 70 advance;
Tetsl salss. PAR yslGe, S3 essd United e
and IS advanced u per cent on the last
call. >.
4b' ondon Financial Gable.
New NIX. November 21-The CONNER
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