The times., 1897-11-13

~ ~ ne HillilCdlatc future Course 40
the market, It is simply guess from
day Il day as TO fluctuations, the market
Is SO entirely dominated hy the profeS-
sionais Sell OF AL rallies
Mr. Carlcv says:
lie market has acted as if the ma nint,-
Iators of Sugar were irving to buy tie
grangers all day. We think we see a com
nig nicTement i'll the grangers and Man
haitian.
The earnings or Louisville aud Nashville
for the first week of November has in
creased $4,000. This is encoura yiny.
though the increase is small. Tie yellow
fever quarantine is practica lly ,iver. anG
ii may be expected that Louisville VIII
gain something of its lost ground
The earnings of Tie Southern Railroa 4
for the first week OF November inerea sed
So 800 1t is stated that the surplus
shown nv Manhattan after all charges FOR
the quarter ending September 80 We're
81 5000, which are to be compared with
$i47 ,T42 last year and S62, 2,600i in 1895.
Dow Jones & Co. say of Missouri Pacific.
y good many bulls We're made on Missouri
Pacific when the increase of Sl36 900
for tile first week in November was reported.
Missouri Pacific has had q hard tIult. for
several yr.trS ana last year S deficit after
all charges, was 81 ,261 ,76l From Janu-
AIRY / to November Z, gross earnings of
the system have Increased S2,0t2 GOO.
This clearly shows that if 30 per cant
OF the gross increase is used up in operating
expenses, Missouri Pacific will have ~
deficit for the calendar year 1897
Ontario x Western shows considerable
surplus OF current assets over liabilities.
Durn weekly of trade will say
today. colder and more stormy weatacr
has materially helped in some quarters and
the resulting Improvement i'll retail trade
is mentioned in nearly every northern dis
patch this Week. SO that orders to fill
stocks have been "ncoura ging, and in
some branches the multitude of demands
for immediate delivery show that the dis
trthution 10 consumers has already gone
mnch beyond tie expectations of tlea IerS.
But this is not yet the general rGle, and
vita many complaints Of dull trade from
other quarters there stiI remains the ex
renSive Shrmkape caused by fever an!
quarantineS a the South.
II Is, therefore, the more surprising that
the volume OF All payments through clearing
house continues about az large as IN | S92,
and 1917 per cent larger than last year.
Railroad earnings also nearly equal those
of 1892 fer the first week of November,
ana half the mileage in the United States
shows earnings in October of $50 per
cent larger thai last year, and . per cent
larger than S92. There is NOTHING To
Cause general reaction, the purchasing
power OF the people is gradually increas-
ing, an d after the lull which follows exten
slve replenishment Of stocks trade should
give ample evidence of that increase.
Wooden mills are not seeking further EN-
gagcments in advance than they have
year ago the price began To mount VI
with speculation and has risen 50 pei
cent, without reaction iii quotations, whilt
the rise in goods averages but per cent
The decline in cotton and the slow demand
| for goods, owing in part TO warm weather
have led cotton mills to confer about cur
| tailInent OF production.
/ Cotton declined 1S for middling upIanfs
an,i both exports and takings OF spinuers
| have been large.
| Wheat dropped ever &c. but has sih2