The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-16
STRONG Tone IN STOCKS
Sensational Advances Alternate
With Steady Gains.
Rises I'm Many Quarters Extremely
Rnpid-The Railway List Decidedly
Firm. With Few Weak IssucS-Thc
Money Market Active-A Statement
of Americans Foreign Trade.

NEW YORK. Nov. 15.-While retaining
some appearances of irregularity. il is onl,
natural, in view of the stock market oc'
currences of the past month. that the deal
fngs today were generally made UP on ad-
vancinG price averages. In some quarters
the rises were extremely rapid. but for the
most part the market advanced in a plair
and orderly manner.
The more sensational advances were in
the two stocks which were conspicuous il
the same way in yesterdays market, name
ly, General Electric and New Jersey Cen.
trail. AS regarded the latter stock, the
notion again prevailed that its constant
absorption must reflect purchases designed
either to control the company or to obtain
working representation upon its board Of
directors
Baltimore and Ohio issues were likewise
decidedly strong. Circumstance which
suggested, and not illogically that closer
relations might be established between the
Baltimore and Ohio Company and its only
available connection with this city. The
purchases of General Electric seemed to be
wholly of an investment character. induced
by considerations of the earning power of
the property.
The Atchison issues advanced materially
Oh very large dealings. as did all of the
granger shares. New York Central, and
Cleveland. Cincinnati. Chicago and st.
Louis. Burlington and Quincy and Chicago
and Northwestern were conspicuous among
the granger shares. The dealings in the
stocks classed as the Pacific shares were
active but resulted in smaller price
changes than CT late. The lower priced
railway issues were firm particularly Nor
folk and Western, Chesapeake and Ohio.
Wheeling and Lake Erie. the Hooking VAL
ley shares. and. in fact, the bituminous
stocks generally.
The industrial quarter was generally
firm. but with the, exception OF Sugar Re-
timing. the Tobacco stocks, and Federal
Steel the net results were not extensive.
The local traction shares all rose on ac-
tive dealings. in which Brooklyn Rapid
Transit was conspicuous. and the strength
a this quarter was again referred to the
belief that there would be some modifca-
tion at the next session of the Legislature
OF the more oneruus feature of the new
franchise tax.
As regarded the market at large there
was very little that was new to which the
strength shown could be directly referred.
The movement was. in fact. nothing more
than a resumption of the plain tendency of
the market during the past two weeks. and
the actua! influences the past two weeks
and the tendencies today were identical
with those which engaged consideration a
fortnight ago
The money market. while fairly active.
was by no means close. and. in fact there
were evidences there that some large
amounts CT capital have been recently re-
leased. Sterling exchange continued firm.
In this last regard, an incident OF the day
OF particular interest WAS the publication
of the monthly statement of the ccun-
try's foreign trade by the Treasury De-
partment at Washington. The figures
showed the astonishing excess OF exports
for the month of nearly $4,000 .000. an in
crease in excess OF exports in comparison
with the same month Of last year OF $685.,
000, 000. or about "A per cent
The balance of trade in favor OF the
United States for the ten months OF the
calendar year amounted to s499 667 1886,
which is an increase of nearly 25 per cent
over the corresponding period of last year.