New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-15
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses bought
1900 shares balance in the local market Trans
actions for foreign arbitrage account were affected
by the storm. which upset the wires between New
York and the cable station In Nova Scotia In
London considerable heavness was reported in the
general market. and sentiment was less optimistio
over the future of the Anglo-Russian situation
Money was in good demand but there was no
change in discount rates. Further demand for
gold for Berlin was responsible for advance in
the price of bar gold in the London market.
MARKET GOSSIP. S. Bache & Co, who have
been active bulls in the last few weeks. were mod
erately heavy sellers In Reading. Missouri Pacific
Southern Pacific and Steel preferred There was
no news accompanying the strength in National
Lead the upward movement apparently being due
to manipulation. Despite Mr.. Lawson's frantic
anneal for Pacific Mail stock, the public showed
no inclination TO buy it, while many holders were
anxious to sell It at the prevailing quotation with
ont waiting for Mr.. Lawsons predicted high prices
Morgan and Keene brokers were active in the Steel
issues also in Erie. although the latter was one
Of the few heavy features in the carly trading, the
Cleveland story regarding alleged control of the
company by the United States Steel Corporation
falling TO attract outside buying of the issue.
strength in Corn Products was due in great part
TO covering Of shorts
GOLD EXPORT.-Gold 20 the amount OF S31oOOoo
was Yesterday engaged for export, the Assay Of
Ace receiving orders follows: National City
Rank S6O0O00: Royal Bank Of Canada, A.1O0OOO;
Iazard Freres 81 100000. There was an active de-
mand in the London market for gold for Berlin &C
count and the price of bar gold in the London
market was advanced. evidently with the inten-
ton Of shifting the inquiry for the metal 10 the
limited States. There only a moderate supply
of bills in the local exchange market. while the
demand for remittance was heavy enough to bring
about an advance of twenty-five points in demand
sterling.
Southern preferred OF s1a points small dealings
was not explained by news developments affecting
the property. For the first week in November tho
company's earnings show a decrease OF $,SS, max
ing from July a decrease Of ss5,S6 For the year
ended June 80 the company's report shows deficit
after charges of s210144 increase of $2 4S6. as
compared with the preceding year
COPPER PRICES HIGHER.-Lake and electro
Iytic copper was up in the bid and asked price at
144a145s and 14a9141s. respectively. Casting 4
in bid price and Is In the asking price at 14Ga1ft.
STEEL pool. MEETINGS.-Oh announce
ment is made that the meeting of the Steel Billet
Association will take place on Tuesday. the Bar.
Plate and Structural associations Wednesday
and the Steel Rail Association Thursday.
800" EARNINGS INCREASE.-Cross earnings
of the Minneapolis. ST. Paul and Sault Ste Marie
show for the first week in November increase
Of So 232 over the same period year ago. From
July l earnings have increased s22s.70S
I.ACKAwANNA'S EARNINGS DECLINE
Earnings Of the Delaware. Lackawanna and West
ern show for the September quarter decline Of
s9S 1872 in gross loss in net Of 33g2lsS and loss
In surplus of s39e,72s. as compared with the same
period in 1903
BUYING OF JAPANESE BONDS-The heavy
purchases of Japanese per cent bonds by Sig.
II Rosenbatt e Co. In the latter part OF last week.
and which continued yesterday In the face of the
new issue lent the fact that there may be
foundation TO the gossip OF peace overtures being
made by Japan This house Is regarded being
we'll informed on Japanese matters Harvey Fisk
& Sons were also large buyers OF Japanese bonds
PRICE OF GLUCOSE ADVANCED price
of glucose has been advanced 10 points
INTERBOROUGHS QUARTER.-The statement
OF the marlborough Rapid Transit Company for the
quarter ended September 30 shows that the gross
earnings S,2a2ois, an increase of Gsi.lss over
the former quarter. The expenses 81 1863 Os1
an increase of ssl473. making earnings 81 $685.
SIS an increase OF s2S2 s2s