The age-herald., 1901-12-12
MONEY OUTLOOK
 AFFECTS STOCKS Prospect Worse in New York
 Than Other Cities GOLD SHIPPED TO BERLIN Depletion of Nearly $2,ooo,oco Is Off set By Treasury Reckoning
 Bonds of s1,54e,ooo--stand-
 ard oil Dividend.

New York, December 1.-The usual year-end activity of the money markets of the world was the features in tooay stock market to the exclusion or alHlos. every other consideration. The oarkeh- ing prospect of the money OUTLOOK "as more perceptible in New York than III other markets, and this was partly que to the fact that New York was called up- on for relief of other money markets. Arrangements were made of gold TOT shipments to Berlin of S500,O0O announced and as much more rumored, the reported shipper declining to confirm the report and over S1OO,O0O in French coin to Paris Deposits at the sub-treasury were made for transfer to Chicago of S650,0 900, and to New Orleans of $l5O,O0o. This depletion of nearly $2,OOO,0OO in cash was offset by a payment from the sub-treaSury of $l,o49, ,- Al in redemption of United States bonds. But this was not sufficient to prevent a late furry in the call money market again when belated borrowers sought to cover their needs, which ran the rate up to 10 per cent. The sub-treasury had al- ready taken from the market over $4OOO, = coo before todays operations, including deposits for transfer to the interior. The hope that the money rates here would attract prompt remittances from the in terior is not sufficient to overcome anxi- ety in face of these officially reported transfers to the interior. It was reported today that Chicago banks had loaned some money on call stock exchange, but this operation presumably involves the drawing upon any correspondent and Is therefore an unsettling influence in the local money market. The cause of the loan account of the New York banks IS beyond provision in advance of the week ly bank statement, but last weeks un- expected increase in loans keeps senti- ment uneasy as various syndicate opera tions remain to be provided for.
 There was acute weakness in the for eign exchange market today in response to the siffening of money rates and the outgo of gold is supposed to be in the nature of an outright bullion purchase designed to strengthen German Bank reserves for their annual showing, rath- CT than to yield a profit as regular eX- change transaction. There was some ap- pearance of nursing the market on the part of insiders here and there so, as to suffer as little damage as possible\ from the inevitable liquidation. The compara- tive aid in this purpose. The dealings III lIldl SlOCh d6dll ON0i eiS whole market, the price rising to TEA and falling again to 96s, closing with a net gain of 9s. There was a midday rally when the redemption of a large block of government bonds was an nounced, which carried many stocks above yesterdays level, Lackawanna rising AZ and Delaware and Hudson, New York Central and Sugar about a point. Prices generally fell back to the lowest in the late selling movement and closed not much better. The trans-con- tinentals and the local traction stocks were the principal sufferers. Baltimore and Ohio and Norfolk and Western also fell 2A and Colorado Fuel 51s Brooklyn Union Gas and General Electric 4.
 Bonds were active and irregular. Total sales, par value, 3,47000O. United States old and new As and 5s advanced 1s per cent on the last call.
 New York Stock Market
 By Private Wire to Murphy & Co.