The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-11-19
UNION PACIFIC
ADVANCE NOTABLE
Inside Interests Said to BE Accu-
mulating Stock and Further
Improvement Likely.
WELCOME CURRENCY REFORM
This Movement Considered Most
Favorable Feature Of Monetary
Situation.

NiW YORK November 1S-Tn tho t--,
nouns 90 trading i'm yesterday stock
market prices wore strong throughout fh.
Het, many ~ tho active issues SHOWING,
material Improvement as COMPARED with
me closing figures IN F'rday~s dealings.
me upward movement was based o, tho
expectation Of "a favorable bank static
ment. and on the belief that easier rates
ior loans wiu develop This week as a To-
suit OF return how OF currcr~,. from
the interior. Notwithstandinu the OK
Iousl9n DID stock market dealings in rho
ia7l b-f'e days. the return of tho assoc
''tt'd banks showed "A reduction in loans
az moro than $4,000 600. while cash hold
lnes increased S2.6I7300. these two itaros
he-nr responsible for n contraction I'm
deposits ~ S4z74.000. which I'm tur, a.c-
counted Tor an increase I'm reserve o.
e'-'H'. 900. bringing the rese-.. aho,-
legal requirements 10 S2.27r.67-. commenced
with IL oehoit ~ S15l4.I25 week ago
~ lh.s Lme last year the reserve was
s-'fi'.la'. and in 1904 So5s9.7o0. In tho
-'7t i"nr weeks the Clearing House in-
rlIou9as have reduced their Ioane s4g
900. against decrease in the same
'''Ne or Sif.556.foo in cash ana a do
crease in deposits Of $40.Zl7. 600.
Moderate Demand.
mere was moderately heavy demand
iT'n commission houses Tor tle Ieadior
-'r. "n-e operations for tho account
'i substantial speculative interests were
itttl- -larly Sra Amalzar1atcf Coz
American Smelling Great Northern.
-'.l Pacific. Realms Trio0 pacfff-
ana tif'f states steel; also nm excellent
."irF fnr Missouri Kansas & Texas ana
'i'i@-p g. southern There ar. coof
-ns for t1e belief that the low -.ri..i
issues "iA he active features Il the ccr-
-"'l "-- movement continue and IL Tor
any reason stocks In general 40 not move
p" a A.tAer level IN the rest of 1885, therr
.hloN pfelly VIII Doe great activity ON tho
long Side Of the market after The turn ~
...e year. barring the development oe
factors affecting adversely the position
Hi money and business IN this country
Doe advance fr Union Pacific OF moro
l.An iaree points presented tho strikiae
feature Of tho day. and opinion was
quite general that further lnproveuer
would be recorded IN the issue IN to-nor-
rows market. especially ass inside in
iere-ts are accumulatinx the stock Union
Pacific and American Sr1oltir- are auoar.
Tho shares which are talked about as
candidates f0r much higher prices II is
itaintainel thar Un.on Paddle ass "a - per
.nt issue ought o. seu above 2".
Exports Exceed Imports.
Reason for the relative weakness in for
t.sn - lanse IS found ln the statement
ot toreiSn commerce for the month Of
october. which shows an excess OF mcr-
.tI-l-e exports over imports 20 the
value ~ SS925l.4dN Exports IN the month
were higher Than I'm any month iu the
history OF the country. amounting in
aiue 20 SiN.-is.lNi while. with the ex-
Ctpuon ~ october q year ago. imports
were heavier than in any corresponding
period. amounting 90 81, Hf.715 There was
large gain both in shipments Of food
products and cotton. and material i'm
..f D. r GOO frr s-...