New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-08

FOREIGN TRADING.-Foreign houses were not
factors in the local market American stocks IN
the London market were inactive, but showed
rather better tone The improvement In Balt-
more and Ohio and Steel preferred was about the
most noticeable movement. although the trading IN
both light Consols were steady and feature
less. but the Copper stocks showed a hrmer tone.
BOND SALES FOR OBSERVATION-DISCLOSURES TO
The United States Investor" bond sales for the
month Of October amounted to $S52O,51O not in
Guiding temporary loans. OF this amount S66SS, 40
issued by cities and towns. and S1SS2.OO by
counties. This amount shows decrease of ST.
O9iS67 the S10.17637 reported for the month
of September and an increase of S2164.474 O8 over
the So 56 035 90 reported the month OF October
1902
ATLANTIC COAST LINE APPLIES TO LIST
The Atlantic Coast Line Railroad Company has
applied to the New-York Stock Exchange to list
81 5000 additional first consolidated mortgage fifty
year per cent bonds of 1852 of which S34.565.S50
are already outstanding. The authorized issue is
$50 100000
NEW CONSOLIDATED EXCHANGE MEM
BER.-Clareace B. Adams, who has been con-
nected with Street & Norton, has been elected
member of the Consolidated Exchange.
EXPECTS RAILROAD EARNINGS TO CON
TINUE HEAVY.-Stuyvesant Fish, president Of
the Illinois Central Railroad Company. who has
recently returned from a six weeks trip in the
West, during which time he inspected a consid-
cradle part of the system, says he can see no
setback in railroad business Mr.. Fish believes
that gross earnings during the present fiscal year
will be equal to those of last year. and II there
is any loss it will be in net earnings. Mr..
Fish also says he can see no evidence of Iull in
the of traffic offered, and some decrease in
traffic would not be entirely unweIcome. the
profit of handling traffic under high pressure is
less In proportion than under normal conditions
MORE PENNSYLVANIA BONDS.-The Penn
sylvania Railroad Company has sold to Kuhn, Loeb
& Co., New-York, S6,OOOOOO per cent bonds Of the
Pittsburg. Virginia and Charleston Railroad Com
pany. Pennsylvania practically all the stocks
and bonds of this company, and these bonds have
been in the treasury of the company for 4 long
period. The proceeds will be used to reimburse
the company for construction and other Work
which has been done and is under way The sale
OF these bonds is in accordance with the statement
made by President Cassatt in his last annual re-
port, that the Pittsburg. Virginia and Charleston
Company would have to find means to raise
money pay for this work.
BANK CLEARINGS.-Bauk clearings the last
week as compared with the same week IN 1902
show a decrease in the aggregate OF 14S per cent.
New-York lost a per cent, Boston O.9 per cent,
Philadelphia 80 per cent and Baltimore o. per
cent. Chicago gained 20 per cent. St. Louis rs
per cent and New-Orleans 55.6 per cent
LACKAWANNA'S BIG EARNINGS-For the
quarter ended September 80 tho gross earnings of
the Delaware, Lackawann and Western amount
ed to $,204323. against S,1SI516 in the time
last year and $93SS Us in 1901. Net earnings were
S,S66}2, compared with $20A year ago and ST.
V-,I-l
charges of S6l2. 1873 This year there surplus
of 81 $50 against s4S3.lO3 in 1901.
CURRENCY SHIPMENTS.-The Sub-Treasury
has transferred for banks $4,000 to Orleans.
Large direct shipments by banks to Chicago are
reported.
A g Gary. formerly treasurer Of the United
States ShpbuiIding Company. has been made man
ager Of the branch office in Chicago of the
Stock Exchange firm of ShearsOn HammiIl & Co.
Of this city.
THE COTTON Understanding to The
Financial Chronicle the total receipts of cotton
for the week ended November reached 1885
bales against 1882 last week and S2A2s0 the pre-
viOus week making the total receipts since Sep
TENDER 1903. 23921H bales against 2575662 the
same period of 1902, showing decrease since Sep
TENDER / 1908. Of lS3.515 bales. Reports from the
South indicate that rain has been general during
the week. although a rule the precipitation has
been moderate. Picking continues to make good
progress on the whole, and the marketing of the
crop has been a liberal scale Some reports
that the gathering OF the is approaching
completion