New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-02
MINING STOCKS.
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses were not
factors in the local market. owing to the holiday in
London. Discount rates firm in the foreign
capitals. and in Berlin stocks weak.
MOVEMENT OF MONEY.-The Royal Bank of
Canada yesterday afternoon engaged an additional
25oO00 Of gold bars at the Assay Office. bringing
its total shipment up S12500OO to Paris to-mor>
row. Otherwise no engagements made. The
total amount of gold which will shipped TO Paris
on Thursday is S,25OOOO in gold bars and $500
900 in francs. The banks lost on Monday s7O1 Co.,
and since last Friday reflect the gold export TAX
ings in loss Of 1855 600 In the same time last
week they lost H.146OOO. The Sub-Treasury was
debtor at the Clearing House yesterday for s705S7O
The Sub-Treasury paid out $4,000 account of
teegraphc order from San Francisco
FAILURES IN OCTOBER.-Commercia failures
In October, according to reports to r. G. Dun &
Co. numbered SSS. involving liabilities Of SO 525.72S
This Is a striking improvement as compared with
the corresponding month last year, when there
were LOSS defaults with liabilities Of SIS 3s7. 567
Manufacturing insolvences were 226 In number and
A6OS272 in amount as compared with 316 failures a
year ago. when the defaulted Indebtedness aggre-
gated Sn 995.S6S Trading failures were 633 in num-
Der ard SiS92lS in amount. against 72O for S. 1919
in October. 1903. other commercial failures not
properly included in the two principal divisions
were % in number and s72S 23S in amount compared
with % insovencies and 1856 O69 liabilities a year
ago Banking suspensions numbered and in
volved S342 600: gratifying Improvement over
the failures for s30S4 $50 in the month last
year. Comparison with the same month of 1903
for both commercial and banking failures shows
decline Of 49, per cent In number and 655 in amount
OF defaulted indebtedness. This IS exceptionally
satisfactory exhibit
LONDON STOCK EXCHANGE IISTINGS-
The London Stock Exchange has granted a quota
ton to Atchison, Topeka and Santa Fe Railway
Company $SSOoo additional Eastern Oklahoma Di-
vision first mortgage per cent twenty-fve-year
gold bonds; Minneapolis St Paul and Sault Ste.
Marie Railway Company $224OOOO additional first
consolidated mortgage ffty-year gold bonds and
Buenos Ayres and Pacific Railway COMPANY lin
tied. further issue of ordinary shares Of 80
each.
READING STOCK READY FOR DELIVERY
Notice was given Yesterday by the voting trustees
Of the Reading company that and after Deem
Der voting trust certificates would be
issued An arrangement has been made, 1T was
stated whereby stock certificates will be exchanged
for an of the vtong trust certificates outstanding
on that date.
tors Of the American Cotton OIL Company have de-
elared a dividend of l per cent which compares
with rate of per cent declared year ago. 1t
was not announced whether the per cent was for
stated period or represented all that the stock
holders will receive in the next twelve months.
HEAVY TRAFFIC ON NETWORK CENTRAL.
-New-York Central's business is unusually heavy
Up to October 80 there moved about forty
thousand more loaded cars than In October 1905
The demand for is difficult TO meet. The strain
Is especially the merchandise cars. Two thou
sand box cars and two thousand coal have been
ordered but deliveries will begin until Deem
Der.
THE SOUTHERN RAILWAY EARNINGS IN
CREASE.-Earnings OF the Southern Railway for
the month Of September show increase in gross
OF $423.950 and an increase in net of $16i.254
parson being made with the same month in 1903
For the first three months Of the fiscal year the
companys earnings increased 1892 $751; and its
net earnings 1926. 49s
SUGAR ADVANCE.-American and Howell ad-
yanced list prices of sugar 10 points making gran
uated 51Oc, less per cent. Arbuckle Brothers ad-
their list price 10 points making granulated
DC net.
REGULAR PENNSYLVANIA DIvIDEND.-The
Pennsylvania directors have declared the regular
semi-annual dividend of per cent the capital
stock payable on November so. stockholders of
record November 5.
CANADIAN PACIFIC LAND SALES.-The Can
adam Pacific Railways land sales for October
amounted % 2S2 acres, which sold for Sli,932
COPPER EXPORTS.-Export sales OF copper for
October were 20, 335 tons. a record.
DIES MONIES AND FORT DODGE.-President
E. HawIey of the Des Moines and Fort Dodge Rail-
road informed holders of SS.O72G0O first mortgage
bonds maturing January l. 1906, that they will he
paid on and after January at the offices of the
Central Trust Company. Redmond & Co. Hall
garten & Co. New-York. Referring to this notice.
the trust company and the bankers mentioned have
purchased S3,O72OOO first mortgage per cent gold
bonds due 1898, of the Des Moines and Fort Dodge
Railroad Company, principal and interest guaran-
teed by the Minneapolis and 81. Louis Railroad
Company to replace the bonds maturing. and hold
ers of the maturing bonds will have the privilege of
exchanging for the new issue by deposting their
bonds and coupons and receiving the bonds
bOvd and faCa Of