The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-11-22
New York Stock Market

New York, November 2O.-The princi-
pal characteristic of today's market was
the decreasing interest shown even by
professional operators who have had
the market practically to themselves
for some time past. The fact that no
further gold would go out tomorrow
beyond the $500, 900 engaged yesterday
afforded some relief from the feeling of
depression, there having been a~pprehen-
sion hat the French steamer sailing
tomorrow would carry away several
million dollars.
The professional bulls sought to
stimulate his into a renewed move
ment for the advance, and in this in
tent there was large buying and active
manipulation'of a limited number oil
stocks at the hands of speculative pools.
The growing evidence of a common
purpos mons executives of the North
western states to combat the purpose
of the Northern Securities Company
and to seek the aid of additional legis-
latiOn for that purpose has an unset
thing influence upon sentiment. Much
remains to be cleared UP regarding the
actual organization and operation of
the settlement which was the object of
that company's formation. The public
is still absolutely uniformed as to
what securities or consideration have
passed by which the Union Pacific was
allowed to share the control of Burling-
ton. If the balance of power in the
northwest is to be maintained only by
actual holdings in the Northern Securi-
'C-npany, it is not clear how either
Of the parties can afford to bring to
market the bare minority Of the hold
ings by which it was calculated there
would be & release Of a part of the i'm
mense capital which was locked up in
the struggle for control.
The tranS-continental stocks general
ly continued to show depression In
spite of the efforts to get prices
higher at other points. The local trans
actions continued in large demand, but
were irregular on occasional realizing,
and there was strength in the coalers.
New Jersey Central. particularly, ris-
ing 6A on rumors Of a coming increase
in dividend. The Vanderbilts develop
ed marked strength at advances of ~
to 5 points, following h sale of 500
shares of Michigan Central at 140.
Peoples Gas was forced down an ex-
treme 3A to 9Sk in the late dealings on
the news of the heavy appraisement
for taxation fixed by the Illinois state
board of equalization. The American
Locomotive stocks suffered from realiz-
ing. Chicago, Indianapolis and Louis
vile and st. Louis and San Fracisco
were strong on reports of good earn
ings.
The money market was distinctly
easier today and the rate for call loans
did not rise at all to five per cent.
which has been the recent maximum
n fell away decidedly in the late deal
ings. Foreign exchange continued firm
and the opinion is still held that gold
will go out on Saturday to London di-
rect. especially as remittances are due
for American subscriptions to the last
installment on the British consol issue,
whic his payable in london on Deem
Der 5th.
Business in railroad bonds was not
large and the price movement was If
regular. Total sales, par value were
81, 295, 600. United States old As adj
vanced Is per cent. on the last Ill
The total sales of stocks today were
$50, 700 shares.