New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-27
WALL STREET AND EXCHANGES.

GENERAL EXCHANGE HOLIDAY.-An the
prominent stock and grain exchanges throughout
the country observed yesterday as an extra hoh-
day. The local banks and banking institutions
however. were open. The prominent foreign gram
stock. cotton and coffee exchanges were also closed
account OF the Christmas holidays
WESTERN RAILROAD SITUATION-Just be-
cause the car situation is easier and railroads nave
done winter retrenching. there is no reason
for believing there Is great falling on IN traInc'
an officer OF the Rock Island says The company
is hauling all its power conveniently pun anu
IL the tonnage movement is lighter than it ought to
be- II Is because the road is shy Of cars The coid
weather has had practically no Ill effect on the
general traffic OF the Burlington, said an onlcef'
which goes to show the splendid physical condition
of the property. OF course trains were not moved
with the dispatch customary under favorable oper-
ating conditions. but there have been no olockades
or freight congestlOns anywhere. ACCORDING 10 us
loading reports the ST. Paul road IL doing practica-
ly much business as it did year ago at TINS
time. What Is more important is that the tonnage
IS being handled at considerably less cost Atch-
sons business continues TO be pleasant disap-
pointment to many who have felt that 1t would
show substantial reduction during December
Traffic Director Stubbs. OF the Southern Pacific
and Union Pacific roads, says the reported BUSH
ness depression has made great difference IN net
results Where there has been decrease in ton
mage economies have been made to offset the con-
ditIon and the roads are handling large business
BANK EXCHANGEs-Bank exchanges last
week at all leading cities in the United States,
compiled by ''Dun's Review" were N511, 1913
a loss OF III per cent compared with last year and
1L6 per cent compared with 1901. The loss con-
tinues mainly at New-York though Philadelphia.
Pittsburg and San Francisco report a considerable
decrease There is a gain at most of the other
cities especially IL the West. and the total for
cities outside OF NewYoI-I is larger than in either
OF the two preceding years.
THE COTTON OBSERVATION-DISCLOSURES to THE
Financial Chronicle the total receipts of cotton
for six days ended December "a reached 265113
bales against 29SS72 last week and 32 $50 the pre-
vious week making the total receipts since Sep
TENDER l, 1903 493.354 bales. against ASS S54 for
the same period in 1902. showing increase since
September l. 1903, Of 2465O0 bales. Repc-ts from
the South Indicate that the weather has been
favorable. on the whole. during the week. Where
rain has fallen precipitation has been light
moderate, rule The movement OF cotton to
market continues a quite liberal scale.
PUBLIC ACCOUNTANTS CORPORATION.-Ths
Public Accountants Corporations lately incor-
porated in this State with a capital Of $3.50 CO., has
opened offices in the Mutual Life Insurance Com
pany's building. No. 30 L,be-ty-st- The president
of the company IS Colonel Joel 3 Erhardt and
Judge William G. Choate and A. s Kenny Gate
paymaster general of the United States Navy re-
tired presidents. The company will make
periodical audits special examinations Of the
books and accounts in any State. Territory or
foreign country. Of individuals. copartners hips
corporations manufacturing and mercantile; rnu-
nicipaI bodies, city State and ratiOnal trust com
panes. banks OF all kinds. bankers brokers' insur-
companies. surety companies. railroads. es-
tates. hotels clubs and mines; furnish information
relating to cost and expenses and suggest plans in
the interest CT economy.
JOHN Is. STETSON COMPANY DIVIDENDS
The John B. Stetson Company continues 10 show
large profit and to make returns TO it's share
holders. Besides the regular half yearly per cent
on preferred stock the company viii pay on January
10 dividend of 10 per cent on the common stock
making 20 per cent for the year on the latter an
interim dividend OF 10 per cent having been paid
in July.