The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-11-21
Decreasing Interest Shown by
the Operators Who Have Had
the Control of the Market to
Themselves for Some Time
NO FURTHER SHIPMENT
OF GOLD TO BE MADE
This Statement Caused Some Re-
lief but the Growing Evidence
of a Common Drive Against
Northern Securities Company
Had UnSettIing Influence

New York, Nov. 2O.-The principal
characteristic of today's stock market
was the decreasing interest shown even
by the professional operators who have
had the market practically to them
selves for some time past. When 1t
was perceived that no further gold
would go out tomorrow beyond the feel
ing of depression due to the apprehen-
sion that engagements for the French
steamer sailing tomorrow would
amount to several million dollars.
The professional bulls sought to slim
ulate this into a renewed movement
for the advance. There was large Duy-
ing and active manipulation OF i'm
tied number of stocks at the hands or
speculative pools. The growing evil
denee of a common purpose amongst
the executives of Northwestern states
to combat the purposes Of the North
ern Securities Company and to seek
the aid of additional legislation for that
purpose has an unsettling influence
upon sentiment owing to the large ef-
feet already had upon values by the eX-
pectation of the purpose to be achieved
by that company.
Much remains to be cleared up re-
garding the actual organization and
operation of the settlement which was
the object of that company's forma-
ton The public is still absolutely I'M
informed as to what securities or con-
sideration have passed by which I'm
ion Pacific was allowed to directly
share the control of Burlington. If the
balance of power in the Northwest is
to be maintained only by actual hold
ings in the Northern Securities Com
pany, it is not clear how either Of the
parties can afford to bring to market
the bare minority of the holdings. by
which it was calculated there would be
a release of a part of the immense cap
ital which was locked up in the strug-
gle for control
The continental stocks general
ly continued to show depression in spite
of the efforts to get prices higher at
other points. The local fractions con-
tinued in large demand but were ir-
regular on occasional realizing and
there was strength in the coalers. New
Jersey Central particularly raising 6
IA on rumors of a coming increase in
the dividend The Vanderbilts devel-
Oped marked strength at advances of
] 1-2 to following the sale of 500
shares Of Michigan Central at 140.
Peoples Gas was forced down an ex-
IRENE 3 ga to IS IL in the late deal
ings on the news of the heavy increase
in taxation by the Illinois State Board
of Equalization. The American Loco
motive stocks suffered from realizing
Chicago, indianapolis & Louisville,
and st. Louis & San Francisco were
strong on reports of good earnings.
The money market was distinctly
easier today and fell away decidedly
in the late dealings. Foreign Exchange
continued firm and the opinion is still
held that gold will go out on Satur-
day to London direct, especially as re-
mittances are due for a subscription to
the last installment on the British con-
sui issue, which IS payable in London
on December 5.
Business in railroad bonds was not
large and the price movement was ir-
regular Total sales par value, $685.
600 United States old As advanced Is
per cent on the last call.