The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-16
THOS. B. PAINE & co.,
Formerly of Paine. Murphy & Coz
BANKERS and BROKERS
co and G. Broadway. New York.
Stocks, Bonds md Cotton.
OPEN FOR BUSINESS Nov. 1.

cidc Mail In anticipation of action on the
dividend In the Coalers on the good con-
ditions i'm the anthracite trade and in tho
Atchison stocks.
The level of prices on the whole IS
higher, but the activity was not very wide-
" distributed and the general disposition
was to maintain a waiting attitude pend
ing further developments In Inc money sit
uation. There was no recurrence of ex-
treme stringency in the local money mar
kct. Secretary Cages announcement that
the treasury would buy $25 600 900 of Unit
ed States bonds at the price which they
were quoted on the New York Stock Ex>
change was not made until after the close
of to-day's market.
The sterling exchange market was dull.
but inclined to firmuess in response to the
hardening of money rates In London,
where there was a special demand on the
market incident to the taking up of the
government bills TO provide for war ex-
penses. There was continued demand from
Stock Exchange sources for time money,
and 7 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
states attracted great interest. From this
II appears that the slight falling off in
October exports of agricultural products,
compared with last year, due to "a decline
of over 30 per cent. in the amount of cot
ton exports, Is more than offset by tho
increased exports OF manufactures, go
that the total exports for the month are
over 100000 in excess OF those for last
year The figures are the more signih-
cant In consequence of the large demand
for cotton by foreign buyers. Taking
the ten months of the year II appears that
the decrease of $37, 900 in the value Of
agricultural exports is more than offset by
In 81 M n
so that the total exports for the ten
months are valued at over A1 600 900 in
excess of those for the ten months In 1893.
The Increase in the value OF imports for
tho same period of $4,000 900 leaves the
merchandise trade balance in our favor is
nearly $90,000,0OO less than last year. But
in the same period our net imports of
gold have been nearly $122,00 600 less than
last year As a net result the unliquidat-
ed trade balance In our favor Is So. 573 ESQ
greater than for the corresponding period
of last year Add 20 this the recent buy
ing here for London account of securities.
Estimates of shipments to London of
American securities by coming sailings run
as high as 100000 shares. Large loans
have been placed in the New York mar
ket by foreign houses In the last week or
So obviously with the purpose OF defer
ring demands for gold on foreign mar
kets. But the figures cited give the
grounds for the claims of foreign ex-
change houses that there must be a 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, $4,000. United
States bonds are unchanged In the bid
price.
The total sales of stocks were 467 800
shares, including Atchlson, 1853; do pre-
ferred, 1885, Burlington, 9,4SO; New Jer-
sey Central, $3.50; Missouri Pacific. b..JO;
Manhattan. 30,15O; Northern Pacific, "a
80; American Steel and Wire, 10, 391: Amer
lean Tobacco. 1880; Brooklyn Rapid Tran
sit, 22,955; Federal Steel $3.50; Pacific
Mail, s5S5; Sugar. 34,27O United States
Leather. 9,755