The Montgomery advertiser., 1901-11-19
WALL STREET REVIEW $7,o5o, ,ooo IN GOLD TO BE SHIP
 PED TODAY. The Largest Consignment of Metal Ever Before Sent Abroad in a
 Single Day-Explains
 Hesitating Tone.

NEW YORK. Nov Is-The largest ship
 ment of gold which ever left New York in
 single day VIII De d SatFeG tnncnnr Tn ae a French and
 German ports The aggregate engagements
 amount in round numbers to S7.o5o. 900 and
 with the exception of small portion Tor
 Berlin the whole amount is destined for
 Paris. This constitutes sufficiently impres-
 sive movement of specie to explain easily the
 hesitatng tone developed in the stock market.
 The depression of prices became very general
 at one time but was decidedly uneven.
 eral stocks in the list offering resistance to
 the decline ard the refecting continued large
 buying and vigorous support Todays great
 est depression came before the total engage
 ments of gold had been announced and ten
 dency to recover had set in and continued in
 face of the later increment to the movement.
 The most acute depression was shown oy the
 stocks of railroads immediately coneerned in
 the Northwestern railroad settlement ana the
 special cause of it easily perceptible in
 the vigorous expression of opposition to the
 company and it's objects by the Governor of
 Minnesota. who entrenched himself behind laws
 on the State statute books. Assurances. how ever, were given out in Wall Street with of foiai sanction. that these statutes had been fully considered and that in the opinion of learned counsel none of them was violated in the formation of the Northern Securities Com pany. This however, did not avail to remove | entirely the chilling effect of the hostile at | titude asumed against the company. Outside of this special portion of the stock list. the ef | feet of the enormous outward movement of | gold singularly moderate. There was no | new apparent for the movement. - | Foreign obligations continue to mature in
 very large volume and the supply of exchange | bills against commercial operations IS utterly | inadequate to meet the demand. The only al ternate Is the shipment of specie in spite of the extent of the relief to the exchange market afforded by the millions of gold exported the effect upon exchange quotations were or the slightest and did not reduce the level below the profitable point of gold exports. IL Is highly probable therefore that additional gold will go out on Thursday. Notwithstanding the uncertainty of the extent to which this move ment may go, opinion as to the money out look continues very optimistic, based on the offsets which developed last week to the out ward movement of gold The sub-treasury to- day paid out for redemption of Government bonds, S2,676. AS, which brings the contri-
 button of that institution to the market since last Friday up to 5,l76, l4S. Great conf
 dence is felt that Government bond redemp- tion will keep pace with the needs of the mar ket and the well defined report was in circu- that a block of several million dollars of Gov eInment bonds held by a New York savings bank will be offered for redemption this week. Whatever may be the basis for this report, the market scored a decided recovery in the last hour under the influence of rise in the
 coalers. The various express com
 panies were strong. There was a notable demand all day for the American To- comotive stocks, which lifted the quotation 2% Declines in the general list which hal run from to points at one time, were re- duced by this late rally and the market closed firm.
 Railroad bonds were only moderately active and were irregular. Total sales, par value, $2, | 945 OOO United States refundtng Is decined cent, on the last call.