Daily press. [volume] (Newport News, Va.) 1896-current, 1899-11-16
MARKET REPORTS
NEW YORK STOCK MARKET,


NEW YORK. Nov. 15.--There was a
show of strength in stocks today owing
to the large operations by professional
spectators in a number of the pro1ni-
Eent industrial specialtics. notably Su-
gar. the Leather stocks. some of the
metal issues and New York public util-
tiles. all Of which show large gains.
There We're strong advances in New
York Central on the announced set
tlcment of difficulties over the Boston
and Albany lease. in Southern Pacific
on the continued large absorption by
the banking interests in Pacific Mail
in anticipation of action on the divi-
dend IN the coalers on the good con
ditto, f the anthracite trade in the
Atc !. stacks.
PRICES HIGHER.
The cvcl Of prices on the whole is
higher. but the activity was not very
widely distributed and the general dis
position was to maintain Il waiting at
titudc pending further developments
in the money market. There was no
recurrence Of extreme Stringency in the
local money market. Secretary Cages
announcement that the treasury would
buy S25.000,00o of United States at tho
price they We're quoted on the stock
exchange was no: made until after the
close Of tocluE's market. The sterling
exchange market WAS dull but inclined
to frlnness III response to the harden
ing Of money rates in London. where
Their" was Il special demand on the
market incident to the taking up of
government bills to provide for war cN-
penscS. There was continued demand
from stock exchange sources for time
money and Z per cent. was bid for six
months loans where industrial stocks
figured as collateral. In connection
With the outlook in the money market
the October foreign trade statement
Of the treasury bureau Of statistics at
T. n
appears that the slight falling off in
the October exports OF agricultural
products compared with last year. due
to Il decline of over 30 per cent. in til"
amount Of cotton exports, is more than
offset by the increased exports of man
ufacturcrcS SO that tn" total exports
for the month are over SIS. 100000 in eN-
cess Of those for last pear. "
DECREASE, OFFSET.
Taking the ten months of the year
it appears that the decrease Of S"1 600
00n in the value of tn" agricultural OK
ports is more than offset by the in
crease in exports nf manufactures. 50
that the tnta! exports for the ten
ten months are valued at over Sal 600
600 in excess Of thos" for the ton
months In 1898. The increase in tn"
value of imports for the same period
Of $40, 900 leaves the merchandise
trade balance in our favor nearly 800.
100000 less than last year. E'ut in the
same period our net imports of gold
HAY" been nearly Sl22 900 less than
last year. AS :, net result the nnliqui-
dated trade balance in our favor is So
5I3.G39 gro;,tc,. than for the corresponds
ing period OF last year Add to this
the recent buying here for London ac-
count of securities. Estimates of ship
mcntS to London Of American securl-
ties by coming sailingS run AS high as
100000 shares. Large loans have been
placed in the New York market by for
cign houses in the last week or so, oh
viously With the purpose of defcrring
demands for gold on foreign markets.
But the figures cited give the grounds
for the claims Of foreign exchange
houses that there must be a heavy i'm
port movement Of gold in the course
Of a short time M
There was moderate activity in the
! bond market and price changes We're
mixed.
The total sales of stocks today were
$4,000 shares. Stocks closed as fol
Inv