The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-11-16
IN THE STOCK MARKET.
Several Stocks Joined IN an upwaro
Movement.
THE IRRtGULAsITy WAS CONTINUED
The Movement of Broadcast scope
Was In the winter Wheat curry
ing Railroads.

New York. November is. --strensth was re-
newed in the stock market today, but there
was nothing like a resumption OF the spec
uatIve enthusiasm of last week. There "e'e
more stocks that moved strongly upward
than yesterday aud there we're FEWER tha'
closed the day lower than the rail- on ias'
night. But there were nevertheless con-
tinuance OF the irregularity Inc poinls VI
strength. though more numerous, were sun
somewhat isolated or disassociated ana 'ne
market did not at any time show permeat-
ing and vigorous strength. The gains seemed
to be due either to Tue operations OF speeu-
lative pools working for an advance In speelai
stocks or to causes anectlng the inulNluu .i
STOCKS. General Electric duplicated l's saln
of yesterday with another 6-pont rise, carry
ing II TO 1902 on the large earnings reported.
Yesterdays strength In the coalers became
largely localized In New Jersey Central,
which WAS up at one time 4la points on re-
ports OF coming increase in DIVIDENDS
The movement OF brOadest scope Tor the
day was in the winter wheat grangers, which
advanced between ! and points all arouhu
on the good weather for the crop IN 'ha1
territory. The movement in Great Northern
preferred and Union Pacific was attributed TO
reports OF a working arrangement LOOKING
to extension of traffic into each others terri :
tory. Northern Pacific, after rather silshl
Consolidated Gas Continental Tobacco, Peo-
pies Gas, Tennessee Coal, Brooklyn Transit
and some of the specaties were strong IN
the same way. London bought small mum
Der OF stocks on balance The professional
pressure against the market was relaxed and
there were no further signs OF urgent llqul-
dation although proht-taklnS was IN evidence
at some points all day.
Money was appreciably easier and a favor
able bank statement on Saturday is begin
hing to be discounted. The subtreasury opera
tons have contributed about S25J,V1O to the
marked by reason of the falling on In in-
ternal collections and large disbursements
for pensions. There have been light currency
shipments to New Orleans but Chicago ex-
change rose to par today Reports from
interior markets are OF easy conditions due
TO process OF unloosening after the cleo
ton similar to that which occurred in the
New York market. Arrivals OF over $1,000 go
in Australian gold are expected in san Fran
cisco IN few days. winch can be made
available by telegraph transfer through the
subtreasury to the cash reserve OF New YORK
banks. There is a feeling that the large
war loans impending IN England and GER
many will probably not be offered until early
next year. The statement OF the foreign trade
for October give increased confidence in the
country's financial resources.
The total exports as well az the excess
of exports over imports are far greater than
those for any previous month in the coun
try's history, the excess OF exports showing a
total OF $S2, 476, 226.
The phenomenal cotton exports are largely
responsible for this showing but after all,
the gratifying fact is shown that the value
of manufactured products exported shows
an increase over October OF nearly 81, O00 O00.
The ability OF the country to supply all re-
quislte credits in view Of this extraordinary
trade showing can not be cause for any
serious apprehension.
The bono market was of the same cnar-
acter as the stock market, showing strength.
but not at the high level of the last week S
activity. Total sales. par value, H,76O O0O.