The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-16
i = :
NET GAINS SHOWN
THROUGHOUT LIST
Efforts of Professional Bears Proved
Ineffective.
MONEY MARKET WAS EASIER.
This Wa. the Doniuant Influenee in the
strcrR,h of stoeks-fhc Marker
Closed Firm ct Consider
able Gains
Efforts of Professional Bears Proved
MONEY MARKET WAS EASIER.
Rr A.sec,s,ca prcss.,

I NEW YORK, Nov. lo.-Therc was some
!furtile; euurt by professional bears our
ling the carry hours OF to-qaEs stoch
market 10 renew the decilne IN prizes
(which was I'm force yesterday. but the stt-
lOence WAS pretty conclusive mat lug
urgent selling 10 realize prontS M ;Ls eoi I'm,
pleped, and the bears renewed me co %
eTing of shorts which was a feature OF tiie
last hour OF yesterdays market ! NE ~ W
mana To cover short contracts was d Coii
SIDERABLE factor All day IN inc 81 80
OF the market but there was eNiuti.ce
here and there OF renewal OF me spT,S-
ulatton Tor Use or CT puytRS VI :. a.
stantlal character for reasons not cts
closed. 1t was notably true IN tiie ,o SI,i
tractlon group Metropolitan Street KAN,
way rising o12. MaEhattan, "1s' AHA
The copper stocks made strong recoF-
cries to The accompaniment OF reports OF
improving conditions IN me Iraae. -A li%a.
and Anacord,a iA. There was also an
/ advance OF 3a. In American Smeltlhs, anu
OF ~ IL the preferred. me racine Soast
stocks made notable recoveries from re-
cent heavy declines. and there were points
of decided strength among, the South
westerns The more cheerful prospect IN
The money market was the dominant IN
fucnce in the recovery of stocks. The
fact that no god was engaged Tor export
TO LEMON tomorrow relieved apprehen-
sion on that score. a f'-rther lowering IN
the buying price OF gold from London
this morning and the easier tone OF the
London money market wiping out the
=
It is evident that London is not uenSE
over the sufficiency of It's present money
resources so long as Paris refrains from
Withdrawing credits. The belief sui pre-
walls that further gold will go from New
York to Paris next week, although there
is a relaxation OF the pressure at that
point for gold. reflected in the advance III
sterling exchange to-day Of fun centime
IN the pound sterling. The higher rae
for money In New York is also q deterrent
influence. But foreign exchange in New
or
sterling and Paris cheques. Judged by
to-oay's preliminary estimates. the heavy
gold exports by thursdays steamer have
been more than offset by receipts from
other sources. SO that the banks are like.
~ TO show a cash gain in to-morrow's
statement Up to Ihur r!i IN night The tn
GLIDING the payments for the gold en-
ported. SS49.0C0 and this did not Include
The credit to banks on account of yester-
days Government bond redemption-IN Which
involved the payment by the sub-Treasury
OF about a million dollars.
BY the regular express movement to the
interior the banks have gained on balance
about a million and half dollars. the
receipts for the week having increased to
about double those of last week, while
the shipments were considerably less. The
loan item of the banks remains to be
rcckpned with.
The market closed firm at considerable
net gains. scattered through the list.
The railroad bond market was mod
erntely active and irregular in its changes
Total sales. mar value S3.2IJ, 600. United
States bonds were all unchanged on the
last call
The total sales .of7.stoclSs to-day were
GI4 GOO shares.
MONEY AND ENCEA NGE-Morey on
call closed easier at 3l.m5 ner cent. last
loan. 2A per cent: ruling rate. az per
cent; nrine mercantile paper. 1910 per
cent Sterling exchange VERY strong Wa.
actual business in bankers bills at
A.S7aid4. S7Ix for demand and at S4S41%G
ASH and 81 SSH; commercial bills
81 S3aiGi4 SAL. Bar silver. sc: Mexican
dollars, A.. Government bonds sta"iy:
State bonds stea0y; railroad l,or:iS GuIl.
Total bank clcarinrs for week ended
November 14tfl: 500. SCI; increase, D,