The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-20
GOLD EXPORTS
CAUSE HEST ALTON
Traders Don't Like The Way Gold IS
Leaving Us.
A RECORD FOR VIRGINIA BONDS
Centuries Sod Yesterday at os4 American
Locomotive Was No. So Strong
as on the Previous
Day.

Inc stock market sold off again yester-
day on the amour: ,elncnts OF ada! tional
engagements of gold and the prospects
OF large exports of the yellow metal on
Thursday. Later in tho day. however.
sterling eased somewhat and sold q shade
under Ass. 1t is reported also that conti-
mental exchange was easier than on the
day before. and the price of sterling at
Paris advanced, which may cause q fall
ing. off in gold exports to that place, as
1t is said that shipments can scarcely be
made profitable with New York sterling
under ass Some are disposed to believe
that the gold movement is over for the
nrssent, but this is by 10 means certain,
AID so long as there is y f5rctoa biity of
additional exports the traders will lie t.n-
easy. 1t is an anomalous condition OF
affairs, and all sorts OF reasons arc I'D
v;anced for the movement OF gold away
from here when 1t orSht to be coming in.
BETTER AT TILE CLOSE.
: Toward the close OF the session there
was considerable short selling and reccv-
cries from the early losses in many parts
of the list The fact that money did not
work higher and the belief expressed in
some quarters that Thursdays shipments
are likely to mark the end of the move
HleliI ioI INC llille gave d pelter tottc "
tfe m2rket, but some or the New oFh
HroheIs are auVls.hs their customers u
take their profits and wait for future de-
ve,opments.
Railroad earnings continue to be enor-
nous. The following gains Tor the second
week IN November We're reported: st.
islui' Sioi.e'.' southern haii"a!' $'o,-2s'
Norfolk and Western, $1,000; Louisville
and Nashville, s5S,l45, and several Others
ol inc same character: 1t was stated a.
me treasury Denartment at Washington
mat the secretary expected TO take no.
-irther action III respect to the money
market. he mas been kept constantly ad-
Elsed or So!d shipments and bond pur-
chases' and was much gr;Itiiicd at the
amount or bonds ofFfred Monday. He
ssatlos ready 10 purchase 3pohuS up TO
S''v.VHV'VtV or Sie'uo,VVo' should they ne
oilereu IN the next week or so
/ lie New York News says that the Sloss
iron ana steel company has advanced
ths price Tor greF-1orse pig iron 40 cents
a. ION ana All other grades 5oicents ton.
ms 10 III "oaitio. TO tne advance OF 'o
cents per ton made earlier in the fall.
ABOUT LOCOMOTIVE.
Alhericah Locomotive opened strong.
theii soio OH, put took another upward
.u1'i to"ard the close, Tue common clos
ing near the top. with references to the
1.iy,es 80 49, ''oeA'' 'i'e NC" ioih
These stocks were early in tho aav
generally tipped for a substantial rise
and OH the strength of the tin both issues
the common OF which last week gained
over points and the preferred over 2.
opened fractionaly higher These opcn-
ing prices were sufficiently inviting to
some of the last weeks buyers to tempt
to not q little profit taking. as a result
of which the quotations saeged off some
what. They were given good s1,pnort
however. apparently by a pool operating
in the stocks who are credited with the
intention Of putting them considerably
nsher, with the result that each stock
ciosed several points up. The only reason
offered i'or their buying of the shares was
that which was advanced last week-that
the company is doing a very large bust
ness, said to De at the rate OF $50 0o0. $50
a year.
Notice mas been given by the Tonnes
see Goa ana IRON Company of an advance
- cents per ION. All grades are TO be
so'o on me basis OF 9il per ton for. No. )
'or,,.ut
il,eie was some tradlns on the local
MAJ he'. ana safes OF Chemlcaf at 90 We're
MADE. virginia Centuries so!d at as 81,
lecofd price. " IL was bid for the
ne" IS.
he Produce Market
Dried fruits are renortee nc ho;,, ~
active demand. This is probablv duo 70
the fact that the regular ordinsr,- ,r,,i,
has about exnired and tha ngn,1s 49,
and such like. Dried peaches are selling
at to IL cents per pound; cherries, u
70 Il L cents; blackberries to l.