New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-15

alliance with them IS apparently az little 10 n.
taste Of the Hartman interest as was that OF N.
Keene bull pool three years ago. In spite OF a
little early foreign support in Canadian Pacific ana
some advance a very limited volume OF bus
ness. the stock was rather inclined to sen Of
later. Selling orders seemed to come from Mon
treal but not pressed beyond the capacity OF
the market 70 absorb them
BANK CLEARINGs.-The total bank cIearings o.
all the clearing Of the United States for the
week ended October H. have been s27a24ag
against $3.1S7 094,s90 in the preceding week and
S2.451,1 .E4 the corresponding week last year.
APPLICATION TO LIST-Apphcation has been
made to the Stock Exchange to list $3.50 additional
first mortgage preferred. $3.50 additional second
preferred s19o,40O additional common stock. and
S5540OO additional first mortgage per cent bonds
Of 1916 Of the Pacific Coast Company.
LEHIGH VALLEY BONDS SOLD.-DrexeI & Co,
OF Philadelphia, have purchased from The Lehigh
Valley Railroad Company 100000 OF the new 4
cent collateral trust bonds issued for acquiring
the properties OF Coke Bros & Co No price has as
yet been fixed for the bonds
THE COTTON MARKET-AccordIng 70 The
Financial Chronicle" the total receipts Of cotton
for the week ended October 13 reached BASS bales
against 346561 in the previous week and 2a15S The
week before that making the total receipts sines
September l. 1895, 16183s against Ls57252 for tas
same period of 1so+O5. showing a decrease sncs
September l. 1905. Of 243 s68 bales.
PIG IRON CERTIFICATES- pig iron
certificates at the New-York Produce Exchange
were steady and about unchanged. Foundry certia-
Gates were dull and unchanged. There were no
sales Prices for regular follow October So 8c7Ss:
November SIS 75aS16 10: December. IS sass q;
January SO sass 30: February IS 75ast5 o. March
SO 75qSl6 80 Quotations for foundry follow. Oc-
tober and November. S5 sass: December. IS 80
SIC %; January. SIS 75aa6 80 February SIS a5aS6 %;
March. S5 1885 30.
NETWORK CENTRALIS RAIL ORDERS-Ths
New-York Central has placed orders for 10000 tons
OF steel rails for 1905 delivery and expects to order
soon about $1,000 tons additional The orders for
1905 compare with about $4,000 tons ordered for
all its lines this gear. Of the ordsrs placed
for 1905 the United States Steel Corporation is IN
derstood to have secured 5000 tons and the Lacka-
wanna Steel Company 5000 tons
FOREIGN EXCHANGE CONDITIONS C.
Schumacher & Co. say.
The diminished supply Of cotton bills has
caused an advance, and, as pointed out IN our
last weeks review. expect a higher exchangs
market. and believe that rates are likely 10 sd
and great many naturities are coming due n
the near future. The deadlock between the spin
and growers OF cotton continues. and tners
are very small offerings Of cotton bills for future
delivery. It looks though the gold import move
ment over for this year. especially as all the
European money markets are very firm and DIS
counts have risen materially during the last week
All advices from abroad point to very low money
reserves and probably higher discounts in the
near future. From low would advise our
friends in the South not to sell their exchange
ahead. at the present time all indications point
toward higher rates