The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-16
THE WORLDS Markets
Daily Record Of Commercial and
Financial Transactions.
NEW YORK STOCK REPORT
Digest Of Exchange News-Mining Stocks.
Metal Quotations-Wool Prices and
Movements = Grain ana Pro-
duce- Review of Trade.

New York Nov. 15.-There was show
Of strength in stocks to-day owing to
the large operations by professional
speculators in number of prominent
Industrial specialtes, notably Sugar, the
leather stoks, some of the metal issues
and New York public utilities, all Of
which show large gains. There were
strong advances in New York Central on
the announced settlement of differences
over the Boston & Albany lease. In
Southern Pacific, on the continued large
absorption by the banking interest; in
Pacific Mail, ON, anticipation of the ac-
tton on the dividend, and In the coalers
on the good conditions in the anthracite
trade.
Tie level of prices, on the whole, is
higher. but the activity was not very
widely distributed and the general dis
position was to maintain a waiting atti-
tude pending further developments in the
money situation.
There was no recurrence of extreme
striEgency in the local money market.
Ehe sterling exchange market was dull.
but inclined to firmness. In response to
the hardening of money rates in Lon
don, where there was 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 Z per cent. was bid for
six-monthS' loans where industrial
stocks figure as collateral. In connec-
ton with the outlook in the money mar
ket. the October foreign trade statement
OF the treasury bureau of statistics at
tfacted great interest. From this it APP
pears that the slight falling off in the
October exports of agricultural products
n ed wi at In a
of more than 30 per cent in the amount
of cotton exports. is more than Offset by
the increased exports of manufactures.
SO that the total exports for the month
are more than $S0OO,oo0 in excess Of those
of last year. These figures are the most
Eignificant in consequence of the large
current demand for cotton by foreign
buyers.
The Increase in the value of imports
for the same period of $3.50, 900 leaves
the merchandise trade balance in our
favor nearly $90000,0O0 less than last year.
But in the same period our net imports
of gold have been nearly S122, 900, 900 less
than last year. AS net result the un-
liquidated trade balance in our favor is
$s2, 537 $50 greater than for the correspond
ing period of last year. Add to this the
recent buying 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 market by foreign houses in tho
last week or SO, obviously with the pur-
pose Of deferring demands for gold on
foreign markets. But the figures cited
give grounds for the claims or foreign
exchange houses that there must be
heavy import movement of gold in the
course of short time
There was moderate activity in the
bond market and price changes were
mixed. Total sales. par value, 81, 10000
U. s. bonds are unchanged in the bid
price.
Advices from Washington were re-
ceived in Wall street after business hours
announcing that the secretary of the
treasury would purchase S25, 900 of the
u. S. per cent. bonds of 1907 and the
SIS of 1904 at the prices ruling yesterday.
The final bids for these issues on Nov.
IA We're 1924 for the As registered, 112A
for the coupon bonds and III each for
the SIS coupon and registered.