New-York tribune., 1905-11-05

any serious opposition. The stock has never been
well distributed, and in view Of the strength in
other railroad equipment issues the present is
naturally regarded as a good time to broaden the
holdings.
FOREIGN EXCHANGE CONDTTIoNs.-C schu-
macher & Co. say:
The supply of cotton bills has increased quite
materially during the week. probably owing to the
not see any signs OF very large cotton exports for
the immediate future although Europe & is snoWihg 10 @
present prevailing prices While the present er1ss
market in Europe win naturally reflect these dis
hand, if conditions are settled in Russia IT will
only be short while before negotiations for loan
for money in Europe until after the public par
we must correct our former opinion IN regard to
lower discounts abroad in the near future. As
In Russia stiIi continue it is possible that 1t may
cause trouble in Paris, which would result In their
selling securities to London and liquidation abroad
of American stocks and bonds, in order 70 take
care of Russian and IN turn their own securities
SUGAR MARKET CoNDITIoNs.-The feature of
the sugar market is that the American Sugar Re
nning Company and B. H. Howell Son & Co. are
taking orders for refined sugar subject to
thirty days withdrawal privilege against prompt
shipment heretofore Arbucde Brothers have been
giving the thirty days privilege, however. Business
in refined sugar is slack. As for the raw sugar
market. the week is closing with fairly steady
tone the basis of 3i2c for 96 degree test, duty
paid basis, and muscovado, go test. IS quoted at
27sc Shipments of sugar direct to the United
Kingdom may have the effect Of checking any de-
clining tendency.
FEDERAL MINING AND SMELLING COM
PANY.-The Stock Exchange committee on Sc
curities has made the following rulings regard
the stock of the Federal Mining and Smelling Com
pany: That all transactions in the preferred ana
common stocks of said company made on Wednes-
day. November Is. except for cash shall be ex
rights Certificates delivered after November L,
for all contracts made prior thereto. or unsettled
cash transactions of November 10, must be ac-
companied by assignment of rights or due Dill
for the same. Sales of rights" made on and after
November -. except transactions MADE specihcaly
for cash." must be settled Friday. November
IT, on which day all due bills must be redeemed
Transactions in rights Friday November H.
must be for cash" The right to subscribe Ter
inmates Friday. November II, 1895
THE COTTON Observation-Disclosures to The
Financial Chronicle, the total receipts OF cotton
for the week ended November 3, 1895. were S446eo
bales against 292 46O bales last week, 321sls the
previous week and 3I1925 bales the week before
that The total receipts since September are
2572 1863 bales against 3076sos for the same perioa
last year, u decrease Of 5o4.445 bales Tedegraphc
advices from the South indicate that the weather
has been favorable during the week. little or no
rain having fallen AS a res 1t Of the Satisfactory
conditions picking has made excellent progress
and the movement of cotton TO market has beeh
quite free
NORTHERN SECURITIES--The following Is
official: Holders of the old stock tSAetV@n" au-
thorized issue) of the Northern Securities Company
should at once surrender the Same 10 the company
at No. 26 Ldberty-st, If they wish to obtain the
railway shares TO be distributed on such surrehoe'
in terms of the company's circular OF Aarch -
1854 Failure to surrender such stock PRIOR ~
Wednesday next, November S, will prevent TRANSIT.
of Great Northern stock in time TO secure peheN'
of the privilege offered by the latter company III
it's circular of October To- and cause loss ol 'hs
same. Holders of the due bills cf the NortheII
Securities Company for Great Northern s'oc@ Shoui'
for the same reason present such DIE b-iLs a. o-0S
for consolidation into stock.
PIG IRON CERTTFICAT Es'.-ic@sctar &c
foundry pig iron certificates II Ihe Ne"-1ulN
Produce Exchange were steady. Ihere we
sales. Final prices for regular follow: CASH ana
November, SIC 1851: December. SO S1fS-'' 'a.-
uary $17as17 70: February. Sl7 10 BID tl9sinG q.o
tations for foundry follow: Novembe. g .,as-. -
December. Sls g0l3slT 80; January. S1Fsi' t'' re-
ruary. ST 10 bid. ..x+s
CONSOLIDATED GAS.-The exceptional sV'.as
in Consolidated Gas against the general cc7Ie'i' -
the market excited some comment ire -.
following has been selling short. and ConsonOas1
Gas IS an extremely dangerous stock 10 ciaoose
that purpose whichever way the eiee''"' -,
The fate of Richard Croker and has irielus .,a,
they sold Manhattan short in ls5 Is ap' trans-
cToCK FxCFfANCE NEWS.-Messhef5h'p
- tIrga II Isahlo u Clarkson Potter. a. - =
r, pardolDh No III Broadway. Men'Oeislt laesr r,
ed for transfer-IarTy b. HoIhns. IT, ,rthur
NJ Maben sponsors. " ii. Goaooy - On No
yybitnev Dissolution of co-partneFsh q
vernber J. 1895 Alley. conser & - 0'
1905 Goldsmith. Wolf & Lyons ,,-,rzNp-
TN,rERN ATTONAI. SALT FIRST DIV - a.,
Tho international Salt Company has aeci1i
tfal dividend OF per cent on IT'S s'o0 1 xxarch L s
per cent quarterly December l. ,,rax.r, 49, -
Inn. / and September !. 1906 TO slocAA