The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-22

Call money, New York .......... Az
NEW YORK, Nov. 21.-Prices of stocks
drifted uncertainty during the early part
OF the days trading, the rather acute
depression at some points contrasting
with steady absorption at others rms
irregularity gave place during the course
of the afternoon to general upward
movement in sympathy with the notab bic
strength of the New York Central. which
touched 1882, an extreme ADVANCE OF oA
over last nights price. The buying OF
this stock was on very large scale.
many blocks of 1,G00 shares and upward
changing hands at every stage of the
later advance No news was forthcoming
to explain this movement except the re-
iterated rumorS of a plan for combining
the Vanderbilt system.
All of the Vanderbilts We're affec ed by
the movement. Lake Shore and Michigan
Central. of which the shares not yet eX-
changed for New York Central collateral
bonds, are very few, sold at 347ss and
$50, respectively. Manhattan was an
other effective center of strength, ana
was bought on an enormous scale by
brokers usually acting for inside inter-
ests, the advance extending to AZ over
last nights prices in the late dealings
Missouri Pacific was also lifted US, but
otherwise the Gould stocks were not con-
Spicuous.
Under the stimulating influence of this
aggressive leadership practically all OF
the early losses were wiped out. the
Northern preferred. which fell "a I'M
der the influence of the agitation In the
Northwest against the Norts.ern Secur1-
ties company, Amalgamated Copper ana
Peoples Gas. The level of prices was
generally below last night, at one time
during the forenoon, while there was still
apprehension that there would be Iur-
Their large exports of gold on Saturday
There was very large buying of Reading.
but it never rose more than point. and
Louisville & Nashville, Chicago, Indian
apolis & Louisville, a number of the coal
ers, Sugar and Consolidated Gas were
notably strong.
The developments of the day made it
improbable that further gold will go out
to Europe Immediately. Saturday S
steamer is the last one conveniently able
to carry remittanceS for the inStallment
OF subscriptions to the British loan. due
on Dec. 5. and London made it manifest
quifed there by further lowering the buy
ing price of gold bars and gold eagles,
thus wiping out the margin of profit on
| gold shipments. Sterling exchange in
Paris also advanced " eentime addition
al, which operates to decrease the pres
sure for gold exports and adds to the
probability that the requirements at
Paris have been satisfied. Sterling ex-
| change in New York eased off a frac-
ton, and money on. call was easier In
tone.
| The New York subtreasury was advised
| of shipments of. drafts on gold deposited
| on the Pacific coast aggregating nearly
$4,000 G00. These developments served to
| relieve anxiety over the money outlook
| to a marked extent. and were an effective
factor in causing the late upward move
ment in stocks. A large demand to cover
shorts helped ON the rise. The market
| closed strong. in spite of some profit
| taking by room traders.
The railroad bonds market was moder-
| ateIy active. and prices were inclined to
| advance Total sales, par value, 50 2S5, 900.
| United States refunding IS, registered,
| cent on the last call.
SfOcEz.