New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-20
WALL STREET AND EXCHANGES


FOREIGN TRADIN+-Foreign houses dealt IN
~ mn shares in the local market. selling B0e
shares In London the general market was sosady
and consols showed a substantial improvement At
ssR The volume of business all around was con
paratively light. The Bank OF England I'D no,
raise its rate and made better return tnan for
some little time past Proportion OF reserve 70
liabilities improved and there was a substantial
gain in bullion on the week, due mainly TO the
banks purchases Of gold in the open market Ihs
showing Influenced consols at once, and gives Sone
hone that the worst has been seen IN the seasona0s
demand for money
MARKET GOSSIP-Canadian Pacific was ahou;
the weakest stock on the list AZ the opening The
measure on the London bull account was the NOR
noteworthy as indications that the money stu
alton on the other side IS materially improved
There was some selling by Montreal houses. V5-
orous attack United States Steel common az ths
opening was met with determined support The
stock seemed to be pegged by the Morgan Interest
az 81 where an unusually large quantity caange1
hands Most Of the selling in Ontario and West
eru lately has come from London The heaviest o.
the selling in United States Steel was by Wot
BROTHERS who sold 1900 shares OF common and $50
NJ the preferred They were also sellers OF other
stocks round the room as they were on Wednes-
dav W L, Stow & Co were about the next lars-
est of the sellers OF Steel common A a Housu1a1
& Co were also sellers of stocks round the room
They have been conspicuous buyers lateIy- +"
IF
ab responsible for the forenoon strength in Brook
1,,n Fanid Transit Rather strenuous efforts were
made RI give the movement an appearance OF poht
icaI significance The real Tamnany houses, how
over were not represented in the buying Foii'-
clans if they are doing anything at present. az
buying Consolidated Gas jacob Field vas %,
most conspicuous Of the buyers in BROOKLYN FapA
Transit before midday. but did not seem 70 haVe
star+ad the movement. The Gates following jo'nea
in Wrenn Brothers bought ANA lgarna'ed Coplel
when the news of the dividend was puollS-Ie'' -
found that the stock needed little support Af-
narentfv nobody had taken any particular postum
on the Lawson prediction OF an advance Hao0s
a AJanice were prominent in Pressed Stee4 "a
Teoob Field and Wolf Brothers. who very freale.''
" sct together in market movements. DID Up s'O'N
all round the room in the afternoon
BALTIMORE AND OHIO EARNINGS = lbs
statement Of earnings and expenses OF .N7 %.
more and Ohio Railroad Company. exclusive Q. ~
controlled and affiliated lines. for the month
san+erober 1895 as compared with the corresponds
month Of 1904. shows: Gross earnings. $50 ~,
SOC: 1904 S. 0fs76O; increase, SlSSo4O ENenseS' -.
ca oa2 Az. 1891 g 53O2S9; increase. $+62l0+ y"
earnings 1906 $255505S 1904. s2,SlS461; increA~'
$sS so For the three months ended SeptenloeI
compared with the same period last year Gros
earnings 1895 S1su4722; 1904. S171sS6S4; inoreasS
1874 OSS Expenses 1906. a1.Il2S72; 1904 $lo++-Vos'
crease 81 30 800. Net earnings. 1875. St"ESS9; ~
Is ISL 5s5 increase. $50 76J. The lines included
Company the Baltimore and Ohio South"esta-
Railroad COMPANY the West Virginia Short LIZ
Railroad the Ohio River Railroad Company u
Ripley and Mill Creek Valley Railroad the -
burg and Western Railroad Company. tho FhS
burg. gainesville and Fairport Railroad, the Fla
burg Cleveland and Toledo Railroad ana =
Pitrsburg Junction Railroad
GREAT NORTH ERN-NORTHERN S6CI%
TIES-The amount of outstanding Northern >
curities stock which is to Be retired ana eNca4Is
into Great Northern and Northern Pacihc So 80.
has been materially reduced because OF the ohetu
rights on Great Northern stock. Before the o."
of rights was made public there were outstana-s
about 5000 shares Of Northern Securities Ia
has been reduced to shout 1000 shares -.
AMERICAN LIGHT AND IKAt IloN'---
American Light and Traction company -
for September: Gross earnings. $l32.5S2. eNpenssS
% bS5: net earnings SI27.797- For twelve mohA'
ended September 50: Gross earnings. Sl.-'So1-
penses $27 .32S: net earnings S1-2-S-'t' p--
dividend $685. s47; common dividend Sl0''1--' -
dividends S73lS5S: surplus Tor t"e'''
sass 9S6. 50
SUGAR PRICES I.OWESt-B II Ho"ei' go
co Arbuckle Bros and the Federal sugar W.
ing Company have reduced their list prices iOt
fined sugars 10 points 10 45oc net less ~ -,
for ca sh for fine granulated- The AHle'''' -
PaN,tng C,on,panv has not met the reals--o
ouoting fine granulated a. 46oc net. leSS
cent for cash .,s
NANHATTAN'S EARNINGS. The decFe4s-
the earnings Of the Manhattan Railway aS -
IN the annual report published last week was -
cent as compared with the previous Eedi, y
management had expected a decrease a. -
cent. hence the actual figures were cons'oe' 80
favorable The increase in cost or opeIS'"s,
Al . per cent to 4S.OS per cent. was Iarsely sEs
an increase In wages and the severe storms ~, 81
winter 1t is expected that the earnings ~
will NJ least equal those of 1905 r-ss Na-
BALTIMORE AND OHIO'S PROGRESS,
5al sener OF the Baltimore and Ohio. SAY -
good business conditions generally are te.. AZ
the increase in gross earnings OF the bai''l-v
Ohio That the company is pursuing inc = css
puttine the equipment and road up J" - -, nahr
condition Is evidenced by the continuance -
tenapce charges on a liberal scale. ,,.rl-,
AMERICAN MALTING,-The American -,lys
plan has been declared -
AppIlcation will be made 10 list the ceruho- -.v
deposit issued by the Standard Trust ~0N'
the Stock Exchange ,., sss
GOLD FOR -TORK.-San FrahC' soe
New-Yor< Sl7S 900 new gold yesterday thi'N'N
Treasury transfer. -,,,xs
500" EARNINGS INCREASE ,1,-s Is
the Minneapolis 81, Paul and SAUL SIC - CSC
the second week in October show sam - .,se
making from July an Increase OF S'S.'4'@' - AZ
son being made with the same perlod q, nxr,,ras
SOUTHERN RAILWAYS BIG EAt ~, - +
Tor INV