The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-22
IEARLY LOSSES
WERE WIPED OUT
Upward Movement Of Prices in
Afternoon.
NEW YORK CENTRAL STRONG.
o,ssr Stocks Moved Up Ia Sympathy and
IsssIned Ground Lost in the
Early Hours, When
Prices DrIpted.
Movement Of
Afternoon.
NEW YORK CENTRAL STRONG.
OBJ Associated Prcss.)

NEW YORK, Nov. c1.-Prices Of stocks
Grifted uncertainty during the early part
OF the DAYS trading, the rather acute
depression at some points contrasting
with steady absorption at others IRIS
irregularity gave place during the course
OF The AFTERNOON to n general upWaio
movement in sympathy with the notaniiS
strength of New York Central, WHICH %!
touched 1857 an extreme advance of %
over last nights price. The buying ~ o.
this stock was on a. very large scale. itiu.s
blocks Of LOCO shares and upward ciians
int; hands at every stage OF the iaier IN
vance.
No news was forthcoming to eXplall,
this movement. other than the fuliors OF
q plan for combining the NanderoilI S!s
tom All of the Nan0crbilts were a1lectcd
by the movement. Lake Shore and Mich-
iEan Central, of which the shares not yer
exchanged for New York Central col
lateral bonds are very few. sold at :'411s
and 80, respectively. Manhattan was an
other effective center OF strength. anu
was bought on an enormous scale by
| brokers usually acting for inside inter-
csts, the advance extending to Az over
last nights price in the late dealings.
Missouri Pacific was also lifted ~ but
] otherwise the Gould stocks were not con-
spicuous.
! aggressive leadership practically all of t-.e
early losses were wiped out. The most
! conspicuous of these We're in Great North
crn preferred. which fell 2A un0er the in-
! fuence of the agitation in the Northwest
against the Northern Securities Company,
/ Amalgamated Copper and Peoples Gas.
The level of prices We're generally below
Hast night at one time during the fore
noon, while there was still apprehension
that there would be further large exports
iof gold on Saturday. There was large
4 buying of Reading, but it never rose
more than Il point. Sugar and Console
Ioared Gas Were notably strong.
The developments Of the day made ii
iimprobable that further gold will go out
10 Europe. Saturdays steamer is the last
lone conveniently available to carry INSTALL
nents of remittance. for the subscriptions
idne Oh the loan December 9Th. and it was
manifest to-day thar gold was not urgent
ly required at London. The buying price
tof gold bars and eagles have dropped,
thus wiping out the margin of profit.
Sterling exchange in New York easeu
of q fraction and money on call was
Pacific Coast aggregated nearly 100000.
These developments helped out the none
1 Larry outlook to remarkable extent, and
HAD considerable affect on stocks.
The market closed active and strong in
spite of some profit-taking by room
Itra6ers.
The railroad bonds were moderately ac-
tive and prices were inclined to advance.
Total sales. par value. 81, So 900. United
States refurding rs registered, the new
rs and IS, advanced * rer cent. on the
last call.
The total sales of stocks to-day were
s99,900 shares.
MONEY AND ENCI1ANGE-Mo on
call firm at 325G4lR per cent: last loan
AZ per cent; ruling rate. a. per cent:
prime mercantile paper, 4lsq5 per cent.
STEERING exchange slightly easier with
Iactual business in bankers bills at 81 SIX
for demand and at 81. $40. for sixty DAYS:
posted rates, 81 SLY and S4.S9: commercial
bills S4.S41a, Bar silver. 5USs: Mexican
dollars. IL. Government bonds strong;
state bon0s. steady; railroad bonds firm
STOCK QUOTATIONS.
Tulnithcd hy Ntessrs SCOTT q STDINGrr1Lnw