The times., 1898-11-12

| sionals are unwilling to retain th-tr hold
| ings any longer There was heavy real
izing during the entire day. which PEE
| vented prices from holding up to their
] opening level The public did all the
| bu, ing there was, except that by some
| of the cliques.
The Pacific securities were better held
| than the list In general, and the buying
| by the public was large. The negotia-
| tions looking to a division of terTit ry in
! the northwest have made good progress,
and 1t is believed that an agreement eI
! some kind will be made that will solve
| the very unsatisfactory situation In that
| section. This is supposed to have RAJ
| it's good influence on Northern faclhc->
/ The common was bought also In antic--
| patton of the semi-annuai dividend to ps
| declared next month, which Is eApeeeeu
| to be per cent.
t. paonle's Gas was one of the strong tea-
| lures of the market. The advance 10
| lO7 Is was thought TO be due iarseiy "
n report that n per cent scrip diviueho
! will be made. to pay for the Manhattan
i OIL Company and for other purposes. IL
Is undoubtedly true. as stated III TINS eoi-
/ ump Yesterday that the Standard Oh peo-
|
The good crop report together with the
general bullish tone of the market, made
people hopeful Of the grangers, ana. there
| was good buying in them all. II IS notice
able. however that the prices did not ao-
vance, a very good evidence that the pro
fessional element is not so Optimistic Inc
| grangers are already at h.gh ieVei oi
! nr;ces. They are not SO likely to have ad-
| tl,a Do cJf Gfn
is perhaps the best looking of the lot Inc
| gross earnings of the company for the
| year Will undoubtedly be 10 per cent.
Dow. Jones & Co. predict that it Will ao-
| vance.
Porterfeld & Co. advise waiting for re-
| actions before purchasing. though tney 90
| rot look for much decline In the good dIs-
| idend payers. They have the tip that To-
! bacco will decline s. share WITHIN
| week.
F, The earnings for the first week of Mo-
| vember are almost all good. Reports
| made yesterday were as follows; inter-
| national and Great Northern increase,
SID 900; from July /. s9S,e0O. Canadian IA
| citic decrease, $4,000: from January J. in
| crease 81, ,0Oo. 600. Lake Erie and Western.
| increase Sc 900; from January !, $4,000.
Missouri Pacific increase. s2i,O0o: from
January /, sl.700,O0O. Wabash. increase.
| $4,000; from Ju.y /, $50, 600. Chesapeake
| and Ohio, decrease. s. 900: from July /. In
| crease. S175, 900; Baltimore and Ohio South
| western, increase $4,000: from July !, IN
crease, s275, 800. Wisconsin Central. in-
crease $500; from July l. decrease, $2s,Ooo
| Missouri, Kansas and Texas. increase.
|. 81, ,0G0; from July ]. $4,000.
/ IL ir r,ryuored th.yf negotiations are now
| in progress between the Federal Steel
| Company and the Tennessee Coal and
| Iron and the Sloss Iron Company for the
| control of the two last named corpora
| tions. IL is even reported that an option
| on both companies has already been given.
| The fact that j. c. Mabin. an active di-
I: rector of the SIoss Iron Company. has
gone to Birmingham, Ala, with a repre-
sentative of the Federal Steel Company.
| is believed to be a partial corroboration
| of the report.
| New York. Nov. u.-Bradstreet's to-
| morrow will say:
| while the influence of the elections and
| of unfavorable weather has been such as
| to temporarily reduce the volume Of cur
| rent trade. the innate strength Of the gen.
eral trade situation is shown by the very
| satisfactory reports received as to bank
clearings, railroad earnings. prices and
| other measures of business development.
/ OF course, any effort to measure the real
| effect of the uncertainty as to the outcome
| of the elections would be futile, and we
| must content ourselves with knowing that
| the quieting down of business just pre-
ceding it was only normal. The cereal
| markets have been quite steadily held,
| Notwithstanding the subsistence of the war
| talk and less active foreign demand point
| ing to the strength of the statistical po-
| sition of most grain. Spot cotton has been
| unchanged on good domestic and foreign
| demand but quotations of futures have
| been affected rather unfavorably by the
growing belief in a maximum yield. Gov
| ernment estimates pointing to a yield
1000 900 below last years Atlantic exports,
-four included. of 3.33S 500 bushels. against
3.274, ,is9 last year. and Pacific exports,
| 1.0ls96l against 1,592 $50 last year. Corn
has but slightly changed in price, with ex-
ports of 2.062 331 bushels, against 2.i74.64i
| last year.
Cotton remains at the lowest price on
record with heavy receipts and without
large milling demand.
Iron production November / was 22s,-
935 tons weekly, against 215,635 October !,
and decrease is seen of 35.2n tons in
stocks unsold outside the holdings of the
great steel compa MES Indicating ac-
tuai consumption of 1,g19,6 GAG tons in Octo-
Der, about 23 tons daily greater than the
i largest ever shown in any previous month
on record The export demand is beyond
all Dreams 10000 tons rails for Northern
Europe and 100000 tons plates, besides
1850 tons biIlets from Pittsburg alone,
with great quantities of bars. rods. wire
and other finished products.
wool sales for the past week were only
7,43I, 500 pounds at the three chief Eastern
markets, and were secured by concessions
at all markets as iast week making Is 24.-
800 pounds, against 6.652. 9O2 for the same
two weeks last year. The boot and shoe
industry still hesitates because of high
prices of leather, and the orders booked
are nowhere near what they should be for
the season, buyers looking for lower prices
of boots and shoes, while manufacturers
are waiting for lower prices of materials.
Failures for the first week of Novem-
Der were $1.6i6 ,535 in amount against
81, ,oD9.6 .637 last year of which s2ff.3H were
manufacturing, against 81 4os, ,656 last year,
and $l,oi7,221 were trading, against 81. .462.-
S5S last year.
Failures for the week were 211 in the
United States. against 29l last year, and
rs in Canada, against "a last year
Washington Stock Exchange.
| Sales-Metropolitan r. R.. certificate
B. 81, ,c0od11S. Metropolitan r R.. 1e@l27;
10G127 1-2. After call-U. S. 3's. coupon,
80 Effp0 1f1 2-S. SsnnT1On IA If G &c regis.