Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-11-16
REVIEW FMARKETS.
FINANCIAL RI lIl|'ll AND COMMERCIAL
J Stocks, Money, Exchange. Bonds, Grain,
Cotton, Provisions, Eto.

3 New York, Nov. 15,-There was a
show OF strength in stocks to-day ,ow-
ing to the large operations by profess
Eional spectators In a number Of the
prominent Industrial specialties, no.
8tably Sugar. the Leather stocks, some
of$tlie metal issues and New York pub
4 lie utilities oil Of !. which show large
gains There were strong advances in
\ New Y ork Central on the announced
settlement of differences over the Bos-
4 ton and Albany lease, in Southern Pa
4 ciflc on theynontinuedtl large absorption
by the banking interests, in Pacific
Mail in anticipation OF action on the
dividend, in the Coalers on the good
conditions In the anthracite trade, and
in the Atchison stocks.
Y The level tof prices on the whole is
higher but the activity was not very
widely distributed, and the general dis
position was to maintain a waiting at
titude pending further developments In
the money market. There was no re-
currence Of extreme stringency In the
local money market. Secretary Cages
announcement that the Treasury would
buy 500. 0o0 900 of United States bonds
at the price which they were quoted on
the New York Stock Exchange was not
made until after the close of to-day's
market.
The sterling exchange market was
dull. but inclined to firmness In re-
Spouse to the hardening of money rates
In London, where there was special
demand on the market incident to the
taking up Of the Government bills to
provide. for war expenses. There was
continued demand from stock exchange
sources for time money, and per cent.
was bid for six months loans where In
dustrial stocks figured as collateral. In
connection with the outlook in the
money market the October foreign
trade statement of the Treasury Bureau
of Statistics attracted great interest.
From this It appears that the slight
falling off In the exports of agricultural
products compared with last year, due
to q decline OF over 30 per cent. In the
amount Of cotton exports, Is more than
offset by the increased exports of man.
ufactures. so that the total exports for
the month are over sS,000.0 600 excesses of
those for last year. The figures are the
more significant in consequence OF the
leading country demand for cotton by
foreign buyers. Taking the ten months
of the years 1t appears that the de-
crease of s37, 100000 in the value of ag-
ricultural exports Is more than Offset by
the increase III EXPORTS VI HihuuitSe-
ures, so that the total exports for the
ten months are valued Mt over S41, 600, 600
In excess OF those for the ten months in
1898.
M The Increase in the value of imports
for the same period of $3.50 000, 900 leaves
the merchandise trade balance in our
favor nearly s9O,O0O, 600 less than last
year But in the same period our net
Girnnorts of gold have been nearly $122,-
600. 900 less than last year. AS ainet re-
suit the unli1uidnted trade balance In
our favor Is $40, 573 $50 greater than for
the corresponding period OF last year.
Add to this the recent buying here for
London account of securities. ISsti-
mates of shipments to London of Amer
lean securities by coming sailings run
as high as 100000 shares. Large loans
have been placed in the New York mar
Sket by foreign houses in the last week
or. So obviously with the purpose Of de-
ferring demands for gold on foreign
markets. Rut the figures cited give the
change houses that there must be n
heavy import movement of gold in the
course of a short time,
There was moderate activity in the
bond market and price changes were
mixed.
Total sales par value. s1.610,000
u. S. bonds are unchanged In the bid
price.
The total sales OF stocks were 467,-
300 shares.
New York, Nov. 15.-standavsi OIL,
E 4.59@46 go eX-dividend.