The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-11-16
H STOCKS
Renewed, but Nothing Like
Last Weeks Fury.
NO GENERAL MOVEMENT
improvement Due to Isolated
influences,

New York, Nov i5.-Strength was re-
newed in the stock market today, bot
there was nothing ike a resumption Of
the speculative enthusiasm Of last week.
There we're more stocks that novel
strongly upward than yesterday. and
there were fewer that closed the day
lower than they left off last night but
there was nevertheless q continuance Of
the irregular tendency in the market
The points Of strength, though more nu-
merous, were somewhat isolated or dis
associated, and the market did not at any
time SHOW permeating and vigorous
strength. The gains seemed to be Que
either 10 the operations OF speculative
pools. working for an advance ii special
stocks or to causes Affecting the indl-
vidual stocks. General Electric dupli-
Gated its gain of yesterday with an
other points rise, carrying it 10 1902
on large earnings reported. Yesterday
strength in the coalers became largely
Localized ia New Jersey Central which
was up at one time "a points on reports
of coming increase IN dividends. The
movement Of broadest scope for the day
was in the winter wheat Changers, which
advanced between one and two points ]
around on the good weather for the
crop IN that territory. The movement n
Great Northern preferred and in Union
Pacific was attributed to the reports Of
q working agreement looking 10 extern
sion of traffic into each others territory.
Northern Pacific, after a rather slight
advance. fell back TO about last nights
level Consolidated Gas, Continental To-
bacco, Peoples Gas, Tennessee Coal,
9TH r.
ties were strong in the same way. Lon
don bought a small number Of stocks on
balance The professional pressure
against the market was relaxed ana the
were no further signs of urgent hqu ia
ton, although proft-taking was IN evi-
dence at some points all Gay. Money
was appreciably easier and a favorable
bank statement on Saturday is eginn ns
to be discounted. The sub-treasury op-
eTations have contributed about 1905 90
to the market, by reason OF the falling
off in internal revunue collections and
large disbursements for pensions. There
have been light currency shipments 30
New Orleans, but Chicago exchange rose
10 par today. Reports from interior
money markets are of "a y COndi iols,
due to a process of unloosening after ths
election similar 10 thar which occurred
in the New York market. Arrivals or
over 100000 IN Australian gold are ex-
pected in san Francisco in a few days
which can be made available by teie
graphic transfer through the sub-treaa
uries to the cash reserve Of New Norie
banks. There is a feeling that the lar-7
war loans impending ia England aYd
Germany viii PROBABLY not be one
until early next year. The statement o.
the foreign trade for October gives In
creased confidence in the country's fnan-
cial resources. The total exports, as wei
as the excess of exports over imports
are far greater than those for any pre-
vious month in the countrys his, orr
he excess Of exports showing the as
founding total Of S92.47500). The phe1om-
email cotton exports are largely response
bic for this showing. but after allow
ing for this the gratifying facl is shown
that the value of manufactured 2rodu e.
exported shows an in1re2cs over October
If last year Of nearly 100000 The
ability Of the country > ~unpy all reu-
site credits ia view of this G, traord nary
trade showing cannoc ~ cause for any
serious apprehension Closing prices o.
stocks were as follows