New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-10
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreigr trading IN tbs
local market was light IN volume. transactions BE-
Ing evenly divided. In London consols gained 3
per cent at S71. an important advance smpha-
sized by a better tone IN Russian and Japanese
bond issues The strength in Rio T1utos was
feature OF the general market Bar silver contin-
ued TO show marked strength
THE COTTON OBSERVATION-DISCLOSURES to "I-s
Financial Chronicle total receipts Of cotton FOR ths
week ended January reached 2S5.91S bales against
2si $50 last week and c99. iS9 the previous week.
making the total receipts since September :. 1898
6i74S53 bales. against 51S62S5 for the same period
OF 1SO2-Os. showing an increase since September
/ 1903 OF 2SS 65s bales. Reports from the South
Indicate that the weather has fairly satistac-
tory the last week Where rain has fallen tbs
precipitation has been light moderate in the
main. The temperature. however. has been rather
low and the marketing OF cotton has been fairly
liberal
GOOD sLOsS- SHEFFIELD REPORT EXPECT
ED-The annual report Of the Sloss- Sheffield Steel
and Iron Company viii be issued soon. In well
informed circles in Birmingham. Ala. It Is con-
sidered probable that 1t Will show about 16 per cent
earned on the common stock. after payment Of all
fixed charges and dividends on the preferred stock
and allowing for depreciation OF plant.
APPLICATIONS To LIST.-Applcation has
been made 10 the Stock Exchange to list S5A6o
additional first consolidated mortgage per cent
coupon bonds OF 1928 Of the Nashville. ChattanooSa
and ST. Louis Railway Company. $4,000 add
tonal per cent refunding mortgage bonds OF Is"
OF the Chicago. Indianapolis and Louisville Rail-
way Company. and 100000 additional first con-
soHdated mortgage per cent prior lien bonds -
1895 OF the Erie Railroad Company.
BANK CLEARINGS-Bank clearings tho last
week as compared with the corresponding week
OF 1893 show a decrease in the aggregate OF lS
per cent. New-York lost 1877 per cent. Boston 80
per cent. and Philadelphia % per cent Chicago
gained AZ per cent. Baltimore SIS per cent. 81
Louis 10 per cent. and New Orleans 4S.2 per cent
NETWORK AIR BFtAEE-PeOple close 70 ths
Air Brake management say that the strength ID
the stock does not involve inside manipulation
The foreign business is Increasing IN volume every
day and there more orders for locomou''
brakes than the WATERFOWL works can handle
AMAIGAAIATED COPPER-The buying o.
Aralganated Copper looked as If It were intends1
70 give the general idea that the LewischnS hau
changed their position and come INFO the merAel
again on the long side. II. a. Harrison eoush'
something lii e 15OO0 shares. and A A. Housnla'
who frequently does business Tor the Same mlsF-
est was a noteworthy buyer.
CONTINENTAL. TRUST COMPANY.-The Con-
tinentaI Trust Company reports that at the oesH
nine; of business. January l. it had total resource
of SIS Ti2. 5Ss consisting. among other items .
& 0gs SOL cash on hand and in bank; loans on cor
lateral S1. 40 SIS stocks and bonds market Vale'
81 5157Ql and bonds and mortgages. S5S20A LH
deposits Of the company are 4tS2S,921. and ~ m
ditiOu its capital StCcS II mas a surplus a-i-
divided profits of S.. tOtlo.