New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-01
WALL STREET AND EXCHANGES

FOREIGN IRA houses dealt q,
only a few shares in the local market The Lon
don market extremely narrow. and there 80.
no movements OF imp0-t1ucc in any departnners
The quotations for Ameri-an stocks were sl,,,,-
nominal although in soncc cascs a triae aaovs
parity Consols re~c unchanged. and the coa1e-
stocks a shade easier. On failure was aurou1c,t
on the Stock Exchange. but 10 Yves not Of aay
Importance
a BANKERS VIEW.-A well known barker
who has just returned from Europe says taat
he believes the market is a purchase ~ pres.rt
prices. and that people who viii hold stocks FOR
higher prices viii not be disappointed. This gans
banker was extremely bearsh a year ago. wien
many people were bulls. despite the higa prices
then prevailing. The best Informed and moss care
full operators in the Street are committed % ne
bull side Of the market They say that price an.
selling under the actual worth Of securities and
they find IN general business conditions 10 justac4
ton for the expectation % serious setback Ia
trade. They believe that the market viii eve1ru-
ally sell much above current prices.
RAILROAD BO%DS.-FIsk g. Robinson I'm -he-
monthly bond circular. say: There has been a
better demand during October for high grade rail-
road bonds. and in the latter hale OF the month a
many cases, there were salrp advances IN price,
This tendency was first Observa5le in high s1s,is
issues. legal as Investments for savings banks s.ch
the leading 21a per cent issues and the va-ious
issues OF underlying bonds Of the Northwest and
St. Paul systems The teudeu - later EXTENDED
par. both savings bank 5o=is AMI those avail
able for general Investment. notably Chicago.
Rock Island AMI Pacific Is Of ES Naah1t-
tan IS. Union Pacific first IS. Northern Pacific
IS. and Baltimore and Ohio fz. A. the close %
the month. the attention OF the market Isl d.-e ed
70 the per cent issues netting f.p1, ga 0er e-ar
and over per ocnum. Of which have shown
considerable advance during the iast week ne
present would seem e. be aG 1p9ortGne ti-oe %
make purchases at favorable prices in bonds Of all
OF these classes. the advance prcss not having
been at all excessive as compared with the rne-..s
Of the issues"
THE COTTON OVE1IES-T.-ACcording 70 The
Financial Chronicle" the total receipts Of cotton
for the week ended October 80 reached SS So bales
against 80 last week and 3023s7 the previous
week. making the total receipts since September L
1893. 1979SSl bales. against 2256 $50 the sama
period OF 1902. showing decrease since Septenber
/ 1903. Of Z77595 bales Reports from the South IN
dictate that generally satsf8ctOry weather crop
gathering has prevailed during the week Picking
has therefore made very gOOd Er0grcss. and n
some districts is stated be nearing completion
The temperature has been lower. as a rule with
frOsts reported II many sections the early sirt %
the week and killing frOsts in some localities.
AMERICAN LINSEED.-The American Linseed
Company has reduced the price Of H1secd oil two
cents gallon city grades and one cent gallon
Western grades. making the prices 81 cents and
So cents per gallon respectively.
BANK CLEARINGS.-The total bank cearing5
of all the clearing houses Of the United States for
the week ending October IS were s. s79.-4.S79.
against s204. 5055S in the preceding week and -
236 s23.7S0 the correspondent week last year