Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-11-16

NEW YORK, November 15.-There
was show of strength in stocks to-day
owing to the large operations by pro-
fessional spectators in a number of
the prominent industrial specialties, no
tably sugar, the leather stocks. 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 Bos-
ton and Albany lease in Southern Pa
cific on the continued large absorption
by the banking interests, in Pacific
Mail in Anticipation Of action on the
dividends, in the Goals on good con-
ditions in the anthracite trade and in
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
a waiting attitude pending further de-
velopmeIts in the money situation.
There was no recurrence of extreme
stringrcy in the local money market.
Secretary Cages announcement that
the treasury would buy S25,000,000 Of
United States bonds at the price at
which they were quoted on the New
York Stock Exchange yesterday was
not made until after the close of to-
days market.
The sterling exchange market was
Gull, but inclined to firmness in re-
spouse to the hardening Of money rates
in London where there was special
demand on the market incident to TAX
ing up the government bills to provide
for war expenses. There was contin-
ued demand from Stock Exchange
sources for time money and 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 attracted great interest.
From this it appears that the slight
falling off in the October exports Of
agricultural products compared with
last year, due to decline of over thirty
per cent in the amount of cotton ex-
ports, is more than offset by the in
creased exports of manufactures, so
that the total exports for the month are
over $8,000,000 in excess 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 it appears that the decrease of
$37,000,000 in the value of agricultural
exports is more than Offset by the in
crease in exports of manufactures, SO
that the total exports for the ten
months are valued at over SAL 100000
In excess of those for the ten months
in 1898. The increase in the value of
imports for the same period of $780,
100000 leaves the merchandise trade
balance in our favor nearly 100000, 900
less than last year. But in the same
period our net imports of gold have
been nearly 1922 100000 less than last
year. AS net result the net unliqui-
dated trade balance in our favor is
s32,5S7,659 greater than for the cor
responding period of last year. Add to
this the recent buying here for Lon
don 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 the last
week or so, obviously with the pur-
pose of deferring demands for gold on
foreign markets. But the figures cited
give the grounds for the claims of for
eign exchange houses that there must
be a heavy import movement of gold in
the course of a short lime
There was m.-4-euaso ~clrvlty in rne