The daily morning journal and courier., 1899-11-16
3T'iuanciaI.
THE STOCK MARK EFT.
Show of Strength Due to Operations by
 Professiomals.

sho W of Strength Due to Operations by | Professionals.
 New York, Nov. 15.-There was show
 of strength in stocks this morning ow-
 ing to the large operations by profes-
 sional spectators in a number of prom
 inent industrial specialties, notably in
 Sugar, the Leather stocks, some of the
 metal issues and New York public utl-
 ities, all of which show large gains. | There were strong advances in New
 York Central on the announced settle
 and Albany lease; in Southern Pacific
 on the continued large absorption by
 banking interests; in Pacific Mail in anticipation of action on the dividend; :;
 in the coalers on the good conditions
 of the anthracite trade, and in the
 Atchison stocks. The level of prices on
 the whole is higher, but the activity
 was not very widely distributed and the
 general disposition was to maintain
 waiting attitude pending further devel- opments in the money situation The sterling exchange market was dull,
 but inclined to firmness in response to
 the hardening of money rates in Lon don, where there was a special demand on the market incident to the taking up of government bills to provide for war expenses There was continued de- mand from stock exchange sources for time money and per cent. was bid for six months loans where industrial stocks figured as collateral. Tn connec- tion with the outlook in the money market the October foreign trade state- ment of the treasury bureau of statis tics attracted great interest. From this 1t appears that the slight falling off in the October exports of agricui- tural products compared with last year due to a decline of over 30 per cent. in the amount of cotton exports, is more than offset by the increased exports of manufactures so that total exports for the month are over $S,000,000 in ex- cess of those for last year. The figures are the more significant in consequence of the large current demand for cotton by foreign buyers. Taking the ten months of the year 1t appears that the decrease of s3700o,000 in the value of agricultural exports is more than offset by the increase in exports of manufac- turds, so that the total exports for the ten months are valued at over $41 ,000- 900 in excess of those for the ten monthe in 1S9S The increase in the ! value of imports for the same period of 130,000,0O0 leaves the merchandise | trade balance in our favor nearly $90, | 900, 900 less than last year. But in the | same period our net imports of gold | have been nearly $122000,000 less than | last year. As net result the unliqui- dated trade balance in our favor is sS2 597, ,659 greater than for the corre- spending period last year. There should be added to this the recent buying 1ere for London account of securities. Estimates of shipments to London of American securities by coming salings 'un as high as 100000 shares. Large oans have been placed in the New York market by foreign houses in the last week or so, obviously with the purpose If deferring demands for gold or for ign markets. But the figures cited give the grounds for the claims of for ign exchange houses that there must ,e heavy import movement of gold n the course of short time
 There was moderate activity in the ,ond market and price changes were nixed Total sales par value $1,61OO0O United States bonds are unchanged in he bio price.