New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-10
WALL STREET AND EXCHANGES.

FOREIGN TRADING Foreign houses dealt in
1000 shares in the local market all purchases
The feature Of the London market was the harder
tone of money in London and an advance IN the
Bank Of England rate generally talked about
on the demand for gold for Newly orE- ConSoiS
were unchanged. and the copper stocks were a
trife easier. Exchange on London was strong IN
Paris but the quotation was 4 shade lower in
Berlin
PENNSYLVANIA'S OBSERVATION-DISCLOSURES =
Sertember statement for the lines east Of Pitts
burg shows an increase Of SS530Oo. per cent in
gross earnings. and slight gain IN net The gain
In gross for the nine months since the close Of the
fiscal year amounts TO S9,75160o, or 1875 per cent,
nearly all which has been absorbed by increased
expenses For the twelve months ended September.
the gross earnings of the Eastern lines 600 miles,
amounted 10 about S122. 600 and the gross earn
ngs of the entire system N07S5 niles to about
$234524Ooo OF the increase in gross. it may fairly
be said that least 100000 represents increased
earnings for the stock. although practically the
entire increase in gross absorbed by expenses.
The cost Of conducting transportation is only about
So per cent OF gross, and, allowing for heavier
maintenance charges on account of increased traf-
fc. it seems that about one-half the increase in
gross might have been shown in net. The surplus
after charges last year was $25.S49.0)0 Taking
into account the increase in gross, it seems that
Pennsylvania is earning about 10 per cent on
its increased capital
AMERICAN MALTING.-The annual meeting of
the American Mailing Company is scheduled TO
take place on Thursday. a stockhoder who is
actively engaged in opposing the present manage
ment states that the opposition now has such a
large number of proxies in its possession that it
feels confident OF success. On the other hand the
present management asserts that it has enough
proxies to control the meeting. Neither side has
stated the actual amount Of proxies received.
CURRENCY MOVEMENT.-The banks lost on
Saturday $4,000. and since Friday they have lost
S16JG 600. compared with less the week before O.
81 $4,000. There were some fairly large shipments
of money both direct and through the Sub-Treas-
ury on Saturday. which account for a small credit
BY that insttution-S1S2 is7 at the Clearing House
yesterday morning. Shipments yesterday were
500 600 to Chicago.
GOLD INCONSISTENCIES SchalI & Co. have en-
gagged $500 gold in London, which will arrive
here on the steamship New-York. The National
City Bank has engaged an additional SCOCOO gold
in London. which will be shipped to New-York
Immediately. This makes the total enga gements
announced yesterday $4,000. and the total import
engagements to date S2.25G 30.
BAR GOLD HIGHER IN LONDON.-Bar gold is
quoted in London as. Il14d. This is an advance
from last week Of I'D. and is I'D. higher than the
price on September ,. which up to yesterday was
the highest which bar gold has reached this year.
American eagles were quoted 76s. 6Ld.. which is
an advance Of 7sd. from last week, and is I'D.
higher than on September ?, which quotation was
the highest of the year prior to yesterday.
NORTHERN CENTRAL INCREASES CAP
ITAL STOCK.-The Northern Central Railway
Company stockholders have voted to increase the
authorized capital from S2.o00e00 to S20000C0. The
new stock is to be issued at the discretion of the
board of directors for improvements and to retire
ma turing bonds.
LIGHTER DEMAND FOR BONDS-The bond
houses report falling off in the demand for first
class bonds. which have been ir good demand i'm
the last weeks. The supply of new bonds by
Lake Shore and the roads under Pennsylvania
control has materially checked the demand.
REPUBLIC STEEL.-Earrirgs of the Republic
Iron and Steel Company for October $i75 900,
the rate OF about 100000 annually above divi-
dend requirements. The company is negotiating
for purchase of the Wick Iron Company Of Youn SIS
town. Ohio.