The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-10-31
But CoaIerS Were Taken in Hand
For an Upward Movement and
High Priced Members oiGroupS
Gained From 2 3-8 to 5 Points
ST. PAUL RESUMED ITS
RECENT SHOW OF STRENGTH
And Was Followed as Usual by
the Pacific Stocks to the Ex-
tent Of Between | and 2 Points
Another Demonstration in
Vanderbilt Groups

New York, Oct. 30-The volume of
dealings fell off still further today and
were again congested in few stocks
in which there were rather obvious
manipulation, The manipulation was
for the advance but its effect was con-
fined 10 the leading active stocks so
far as any notable results were con-
cerned, The general list was sluggish
and hesitating and fiuctuated narrowly
throughout. The coalers were taken in
hand for an upword movement the
concerted buying of the group being
based on the reports of very heavy
demand and a traffic only limited by
the car supply of the companies while
prices are firmly maintained at the
maximum Of recent years. The high
priced members of the group gained
from 3-S to points and those sell
ing under par about a point.
st. Paul resumed its recent show of
strength and was followed as usual by
the Pacific stocks to the extent of be-
tween l and points. There was an
other demonstration in the Vanderbilt
group, also, today, but it's influence did
not extend very effectively outside of
that group. Amalgamated Copper con-
tinued active somewhat irregular above
yesterdays level with unconfrmed ru-
nors circulating of the possible absorp-
ton of Calumet and Hecla. The Ma
uonal Lead stocks were strong on
prospects of improved trade conditions
and Manhattan and Sugar also helped
out the show of strength.
The determination to take a cheerful
view of the gold export movement
which was increased today to a total
of $2,S50,000 was apparently based
on the idea that the relief afforded
eto the foreign situation will be refiec-
ted back upon this market There is
some assurance felt also that the move
ment will be checked after tomorrow's
shipment. This feeling will be empha-
sized if the Bank of England main
tains its discount rate unchanged to-
morrow as now seems possible judg-
ing from the freedom with which the
bank has been discounting today at
the present rate
The favorable subscriptions announc-
ed yesterday for New York City bonds
are taken as reassuring regarding mon
ey market conditions and the release of
November list disbursements, includ-
ing government interest is looked to
tide over next week. Some currency
is returning from the West and the
transfers to the South have diminished.
Receipts of gold from the Pacific
Coast through the sub treasury have
served to tighten the drain of that in
stltution upon the money market.
With surplus reserves at a figure
Well above that Of last year and a wear
before anxiety over the money market
outlook tends to relax and the senti-
ment is expressed that the gold export
ed can well be spared. After a very
irregular movement the market closed
hrm in the neighborhood Of best prices
Railroad Bonds were only moderately
active and show irregular changes
Iotal sales par value 81 $50, 600 U. S.
Bonds were all unchanged on the last
call.