New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-02
WALL STREET AND EXCHANGES

FOREIGN TRADING-FOreign houses dealt in
5000 shares in the local market. mostly sales. In
London consols were the feature. and advanced Il
per cent to S91 better reports as to the inter
national political situation particularly in the Far
East. The mining stocks firm, and the sseu-
eral tone was cheerful. Money quotablv easier
in London and Berlin. Paris exchange on London
showed rather harder tendency. Bar silver was
still weak.
MONEY GOES TO SAN FRANCTSCO-There
was deposited at the Sub-Treasury yesterday the
sum of 100000 for transfer to san Francisco
making the transfers of currency TO that cit,
through the Sub-Treasury in the week beginning
last Friday approximately 100000. The move
ment of funds to that Is usual at this sea
son, and represents legitimate demand for cur
rency to move unusually heavy wheat fruit and
other crops. There also deposited $4,000 for
transfer TO New-Orleans. The banks lost Monday
chiefly account of the $4,000 transferred to San
Francisco. sS59OO0 and since Friday last 81 1900
In the preceding week up to the close OF Monday
the banks gained s55,OoO The large debit CT the
Sub-Treasury at the Clearing House yesterday
mornng-S1 ,362 523-re1ected the payment Of New
York Assay ONCE checks for imported gold de-
posted Monday at that institution.
GOLD FROM JAPAN.-Lazard Freres an
nounced yesterday that the London. Paris and
American Bank. Limited of San Francisco. had en-
gagged 100000 yen. Japanese gold. for ship
ment from Japan to San Francisco. The In
formation Banking Corporation has engaged
to San Francisco The National City Bank yester-
day engaged 800 600 in gold in London for shipment
to this city. A Japanese yen is equal TO about 60
cents in money. The gold imports from Japan
purely exchange operations.
ERIE'S EARNINGS.-Ihe falling off in Fries
October net earnings as compared with October a
year ago. due entirely to the serious floods in
the company's territory in the month. Gross earn
inss increased only a7.45S, and net earnings de-
creased S375,75S The floods the worst that the
company has encountered for many years. if not In
its history The traffic was tied up for several
days which, of course, adversely affected the gross
earnings The repairs made necessary by the flood
extensive and costly.
AMERICAN SUGAR REFINING.-The Ameri-
can Sugar Refining directors have declared the reg
uar quarterly dividends of ia per the pre-
ferred and common stocks. The sugar market is
unsettled. and reports current that Dem
erara sugar has been sold the basis of two cents
cost and freight basis Sc degree test This makes
the local position somewhat uncertain, although the
spot stocks seem to be fairly we'll held at the
mont. but it is said that change may at
any time Refners do not seem disposed TO buy
sugar spot.
READINGS EARNINGS.-Earnings of the Read
ing system for October show an increase in net of
S67S57S over October year ago. Gross earnings
of the railway company increased STAG 262 and net
earnings increased 81 904. $50 and 1906 055 From
July a surplus after charges and of s2772 OS7
is shown, against deficit of 81 $40 04 in the same
time in 1902.
STRENGTH OF WABASH SECURITIES
Rumors in the board attributed the strength dis
taking over of the Wheeling and Lake Erie and the
PittSburg extension.
APPLICATION FOR STOCK EXCHANGE LIST
INGS.-The Southern Railway Company has ap-
piled the Stock Exchange to list 100000 addi-
tional Mobile and Ohio stock trust certificates