The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-16

NEW YORK, Nov. 15.-There was a
show of strength in stocks today, owing
to the large operations by professional
spectators in number of prominent in
dustr1al specialties, notably Sugar,
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 Boston & Albany lease, in
Southern Pacific, on the continued large
absorption by banking interests, in Pacific
Mail, in anticipation of action on the div
1dend, in the coalers on the good condi-
tons in 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 gen.
era! disposition was to maintain wait
Ing attitude. pending further develop
ments in the money situation.
There was no recurrence of extreme
strlngencyin the local money market. Sec
rotary Cages announcement that the
treasury would buy $25, 0OO,0 900 of United
states bonds at the price at which they
were quoted on the New York stock ex-
change yesterday, was not made until
after the close of today's market The
sterling market was dull and inclined to
t1rmness in response to the hardening Of
money rates in London, where there was
a special demand on the market incident
to taking up Of government bills to pro-
vide for war expenses. There was con-
tfnued demand from stock exchange
sources for time money, and per cent
was bid for six months loans where in
dustrial stocks figured as collateral
In connection with the outlook In the
money market, the October foreign trade
statement Of the treasury bureau Of sta
tistics attracted great interest From this
1t appears that the slight falling off in
the october exports of agricultural pro-
ducts compared with last year, due to a
decline Of over 80 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
over $S,0OOOOO in excess of those for last
year. The figures are the more significant
in consequence of large current demand
for cotton by foreign buyers. The total
exports for the ten months are valued at
over $41, 100000 in excess of those for 1898
The increase in imports for the same
period of $130,000,000 leaves the net trade
balance about $90,000,0OO less than last
year
But the cash balance IS still in our
favor, owing to unliquidated account of
last year. Add to this the recent buy
ing here of 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 the imports of gold to this market.
But the figures cited give the grounds for
the claims of foreign exchange houses
that there must be a heavy import move
ment 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, $1,610OOO. United
States bonds are unchanged in the bid
price.
STOCK QUOTATIONS.
Furnished by Charles H r Smith 8
Co, members of the New York stock cx-
change, Pioneer Press building. who have
direct wires to Chicago and New York.
Closing prices are bid: