New-York tribune., 1901-11-10
WALL STREET AND EXCHANGES.

FOREIGN TRADlNG-ihe ne i@oiAoOi4 +iA~-N-N
closed and foreign houses were not actiSe on .-'s
local Exchange. Orders were chieilS ~
fridays transactions.
THE COTTON MoVEMENT--Accordinsto to Inc
Financial Chronicle the total receipts OF cot'o m
for the week ending November reacheo ooN'4oe
hales against 4e6 go the preceding week anu ~
the week before that making the total recelpts
since Septernber / 1901 24l2546 bales. against Z'Ao'
4l5 for the same period of 1900. showing a oec 80
since September /. 1901, of oSS6s bales. "ea'he'
reports from the South indicate that in most se
tions the temperature has been lower in the "eeh'
Frost has been quite general. and at many points
g renorted to have been killing AS rule 'ne
oo,dfttons have favored the picking and market
ing of cotton as where rain has faleh 'iie P
cinitatIon has on the whole. been hShI
TFF, COPPER MARKET.-'The Engineering
and Mining Journal says that the conoiuon oi
the conner market continues unchanged prices
showing no decline, in spite OF repeated iuiii
and predictions of such action Inc oeiilai'u A
conner IS enormous, and consumption ID oii @
greater scale than ever before in this country
The depEession in business in Europe sun coi
+i,ues and orders received for export con-i'iue
light Stocks in manufacturers hahos aoi
extremely small. however, while the so-caiieu We
,, -,,,r,lies are to a considerable extent composed
of inferior material
SEAROARD AIR IINE.-As a result OF the CON
,ts-to- +,s+ nerfected the Seaboard Air Line
Railway first mortgage pc cent bonds pecolile
a direct lien upon some 1.l50 miles OF roa'1 ,i-
first and only mortgage upon some 20 HINES 'i-
of including the main line from Rlch1nono 10
Ridgeway N c., 103 miles; Hamlet \. -. 10 "
luu1bia s. c., 107 miles, subject only 10 sS''v" u
bonds still outstanding one OF the branch haes-
CAR COMPANIES BUSY.-The great shortage III
cars as reported from all parts OF the county
has caused heavy increase in orders lo' i'e" '@
and all car building companies report an elloi ou
volume of business. Both the American Gar anu
Foundry Company and the Pressed Steel Car Com
many have enough orders their books TO Keep
them busy for months ahead. 1t Is thousn' 'i't
If the present bull market continues the shaFes u
the companies named will become prominent Iea'
1res American Car and Foundry preferred pays
? nor cant and sells at a bargain level 1t would
not be dear % points higher
INTERN ATIONAL PAPER-1nternatfonal Paper
COMPANY earnings continue heavy, and there Is no
prospect Of a falling off in business in the next
twelve months The company Is making from ~ 10
p per cent on its common stock, but the policy OF
the MANAGEMENT is not to pay dfVidends on the
stock named at present. The preferred WILL OF
course always be a sound investment, and as a .
per cent stock its present price is well under 1ts
actual worth. The attractive industrlals' ike IN
ternational Paper preferred, ought 10 pe Hii net
features this year.
INTERNATIONAL PUMP-Earnings Of the In
ternationaI Pump Company in the last three
months were heavier than ever before recordeo'
and at rate OF more than per cent month on
the common stock. The common stock pays quar-
feriv dividends out OF the pT"CtuIHs NSf1i '0i A.
tngs and the results Of this year will, therefore
supply next years dividend of per cent The
stock is not limited to per cent. and Inc
company expects to pay much better rate in the
course of the next two years
THIRD AVENUE BONDS.-The Third Avenue 4
per cent bonds were dealt in the extent of over
s. ZOO par value at from 102 TO 1cez. closing at
lOlIL. These bonds were issued at the time or the
purchase of the Third Avenue read by the Metro
politan. It was stated yesterday that the syndi-
cate which financed the deal had been dissolved
TRACTION SHARES.-Strength in the local trac-
ton shares was not explained by any development
affecting the companies. Opinion is bulish on the
fractions because OF big earnings Brooklyn
Rapid Transits earnings it is true show net
decrease for the last few months, but the loss is
due TO increased expenditures on the property and
not 10 a falling off in traffic
BANK CLEARINGS.-Bank clearings for the
week show an increase in the aggregate of 2l.3 per
cent as compared with the corresponding week in
1900 New-York shows gain Of 232 per cent, Bos-
ton 1916 per cent Philadelphia 2l7 per cent. Balti-
more PA per cent, Chicago 365 per cent New
Orleans es4 per cent and St Louis 52.2 per cent.