The times. [volume] (Richmond, Va.) 1890-1903, 1899-11-16
STOCK BROKERS
STILL WAITING
Higher Prices Prevail, But Activity IS
Not General.
WATCHING THE MONEY MARKET
IeorcssionaIs Gave the Dealings an
Aspect Of strength Yesterday
by Speculation in Indus
trial Specialties.
WATCHING THE MONEY MARKET

Nv-yv YORK. Nov. 1J.-There was
ebocy az strength in stocks to-day, Owing
10 The large operations by professional
s-o.,,,stors in a number OF prominent in
dustr.al spcclalties. notably sugar, the
Leather stocks. some OF the metal ISSUES
and New YORK public uuluts' ail Oh "liiNii
show large gains. There were sLuhs dV-
ysnccs M Sew York Central on the an
uOinCcd settlement of differences over lhe
boston and Albany lease. m southern IA
ciac I'M the continued large absorption by
fhc banking interests. ia PacAc Mail IN
eutlciration OF action on the dividend IN
the coalers on the good cohuluoHs IN INC
Anthracite trade, ana III the AlCulaoH
stocks. The IeVei OF prices on lAe "l'o'e,
- higher but the activity was not very
,,tdcfv distributed. and the general dis
position was TO maintain a waiting anu
iude pending further Developments IA the
money market ..o
There was no recurrence Of extreme
strlHgcncy in the local money market
Secretary Cage announcement that inc
Treasury would buy S25.OOoOCo or Umted
Stafes bonds at the price which they were
quoted on the New York stock ENchdhse
was not made until after the close OF To-
days market. ,r
but Inclined 20 nrmness ip response TO the
hardening of money rates in LONDON
where there was q special demand ON tne
market incident TO the taking up OF lhe
Government bills TO provide Tor war tA,
peuscg There was continued oeuldHu
from stock Exchange sources ior uinv
money and per cent. was bld LOT SIX
months loans where Industrial STATISTICS
figured as collateral In connection WIN
the outlook I'm the money market the CC-
tobcr foreign trade statement or the
Treasury Bureau Of Statistics attracted
great interest From this IL appear that
The SLIGHT falling off I'm the October eX-
pOrts OF agricultural products compaieu
with last year. due 20 decline OF over
IN nor cent ia the amount Of cotton eN-
,o~fs Is moro than offset 10y the increased
exports OF manufactures, so that me tolal
EXPORTS for the month are over SSpoWO
iu excess Of those of last year Inc Nb-
ures arc the more significant having ihe
large current demand for cotton oy ioI-
Tak'nr The ten months Of the year. it
aruea~e that the decrease Of S}IOoep
in the value Of agricultural exports is
more than Offset by the increase tn OK,
ports OF manufactures. so that the loldi
expOrts for the ten months are valued
a. over S41 90 900 En- excess or those or
the ton months I'm 1895. The increase III
the value OF imports for the same PERIOD
OF S180WOOo leaves the merchandise
trade balance foo our favor nearly SHoVh-
O00 less than last year. But I'm the same
period our net imports Of gold have been
noqr1v SD, 900 less than last year As
n net result the uuliquidated trade nil-
anoe in OUT favor ls f5-,'t"'ui' bltot'l
than FOR tire corresponding PERIOD OF ldSL
year Add 20 this the recent buying men
for London account Of securities. tsu-
mates Of shipments 10 London of Amen
can securities bv coming sailings run as
birh MS S9UO1 shares Large loans nave
bcen uio,cd in the New York market Dy
foreign houses in the last week or So
obviously with the purpose Of deieTrlhg
demands flr gold on foreign maj heLN.
put the figures cited give the grounds for
The claims Of foreign exchange houses
that there must be "a heavy import move
inort Of gold I'm the course OF n snort
There was moderate activity I'm the bond
market. and price conditions were mixed
To'ei sales par value S16oe0 United
States bonds are UNCHANGED in the bid
Sales Of stocks were 4G7oo0 shares. in
crufirr hfcnieon. II f~3. DO. preferred
ofq.l. Chicago burlington and Quincy
o $50. 1r8rnatt1n 2i .O05: New Jersey Con-
trial eg-o. Missouri Pacific C1lo. SOUTH
crn Pacific 1891; Union Pacific 5.Hlo;
American steel and Wire, 1910 Ameri--
can Tobacco. eo1cO. ProoNyn Rand
'rrq-rit 30 o-1. Federal steel $3.50: Pa
cifc Nail. $50. Sugar. 1920, United
states Leather @7''.
MONEY AND observation-disclosures on
can firm at lrS ror cent: last loan nj ,
nor cent. ruling rate. Z per cent; prime
mercantile paper. 5n5M per cent. Stcr-
ling exchange firm. with actual business
I'm bankers bills az S4SlH04S515 for de-
mand and at 50 St04 S1H for sixty DAYS;
posted rates. ffs1h04S2 and SiSQf S6'e;
commercial blls S4sOT. Silver certid-
c-fre 500 TC0. bar silver. $50. Mexican
dollars a.. Government bonds steady;
state bonds inactive; railroad bonds
irregular.
--.~rr- nr~Crrt rrrNN-c