New-York tribune., 1905-11-12

As they pretty bare of cotton It iodss goina :.
believe less liberal scale from now on Hs is
indications point to higher prices for cotton and
naturally enough, the sptnners will buy only ro-.
hand to mouth. and not more than is required y
k haa Upset ali asd aBogsy
cent is bid for all periods up to six months y.
temporary and that as soon as money comes S,{{ o{
to New-York from the interior. and rates rstnra
exchange will again advance However as I lone cent
money is practically unobtainable at reasonabi.
ers to avail themselves Of their foreign creats :,
much possible. and this viii prevent any "a
ter1al rise in exchange.
THE COTTON MOvEMENT-Accordins n
1.-THE Financial Chronicle the total receipts q.
cotton for the week ended November 10. 1905 W..
364 955 bales. against 344.600 bales last week ss
$50 the previous week and 321.s1a bales the week
before that. The total receipts since September
2,937S1S bales, against 3455,375 for the sarns
period last year. decrease OF SIS 257 bales Teis
graphic advices from the South indicate that willis
In the Eastern Gulf and Atlantic sections ths
weather has been favorable during the week thers
has been rather too much rain in the Southwest
interfering with the gathering Of the crop When
not interrupted, picking has progressed very vel
and Is nearing completion in some sections
PIG IRON CBRTTFTCATES.-Reg pig iron
certificates at the New-York Produce Exohanss
opened a shade lower for cash and Nov.mber
firm. There sales of certificates but IN
warrants there sale OF 200 tons Of No !
Alabama cash at d4 Prices for regular on ths
call follow: Cash. SIC s5 bid: November SIS $50
SIT 30; December, ST O5GS7 so; January, S1715 bid.
February, SIT 20 bid; March. s1775 asked Quota.
tions for foundry follow: November, a79a7 ST.
December, ST 10Qs17 so; January, ST 20 bid: Feb.
ruary. ST 453s1S; March, ST 70 asked.
MISSOURI PACIFIC.-Earnirgs OF the Missouri
Pacific for the first week in November show
smaller decrease than has been reported In recen,
weeks the loss amounting to only 5000 From
July 1 the decrease has been N.oo6.2S There has
been some talk in Wall Street OF the possibility Of
a reduction in the dividend the Missouri Padhs
stock at the company's next dividend period, but
there is no official warrant for the suggestion
Earnings have not been particularly good IN ths
last six months. but it is expected that In tbs
second half of the year the showing will be ras
terially better. Large crops were grown in Ms
souri, Pacific territory in the current year. and
the next twelve months the road ought to have big
grain traffic
CANADIAN PACIFTCS BIG EARNINGs-Esrn
ings of the Canadian Pacific for the first week In
November show Increase Of slSeOo0, making
from July 1 a gain of g. ,OOo comparison being
made with the same time in the preceding year.
BANK CLEARINGS.-The total bank clearing
of all the clearing houses of the United States
for the week ended November II were 81 S2, 1854
against S, 133. 1850 in the preceding week and
29s 52S5 in the corresponding week last year
THE IRON AND STEEL RAIL OUTPUT
James NJ Swank now estimates the production
of pig iron in 1906 at 100000 tons. or perhaps
little more and the steel rail output at S,"3os
tons
APPLICATION TO LIST.-The Federal Mining
and Smelling Company has applied to the STOCK
Exchange to list an additional 100000 preferred
stock and s1.Ooo.OoO additional common stock