New-York tribune., 1905-11-02
MINING STOCKS.

FOREIGN TRADING.-Foreign houses were nD. nD.
tootore i, the local market, the European eA
bor.os ,ere closed November I, being All Saints
Dav is observed as holiday In Europe anu nv
ticeably in Paris Vienna and Rome lne u"S
NOT observed in London a religious holiday ou'
the London Stock Exchange alone closes loi on
other reason The Bank OF England closes l's
transfer books on May and November l. cen cen
turv ago. when London brokers traded In very t'ie
else this enforced a holiday
MARKET GOSSIP.-In spite of the official de-
mails by the Smeters authorities of any change IN
+ba Load situation National Lead bought ana
bid up early on the usual merger runlors- II see
to be one of the customary pool movements. hep
nv the limited supply of floating stock moore q
schley were again active in the early puylhe ol
National Lead. They have been conspicuous III 'l7
stock for some time past Clark, Dodge & CO. were
the active buyers of Missouri, Kansas ana ieAa' ~
and were chiefly responsible for the strength III te
stock Amsterdam talking bullsh just now ouA
NOT on any prospect of early DIVIDEND op 'lio
nreferred Strong Sturgis & Co., who nave peeh
prominent in the advance in American LocohlouEe
were good buyers at the opening. One u '
stories current on Missouri. Kansas and ieNas IS
that Burlington officials have been inspecting inc
road with an eye to possibilities They certally
made such an inspection two years ago 1ie ip'u
would connect at Kansas City. and will give a
good north and connection. with access 10 tEe
C11f but it looks II it would be cheaper iof
burlington to build than to buy the MISSOURI Nan
sas and Texas. The announcement OF ne" lsk kue
nv General Electric accounts for the dulness WHICH
has come over that stock and Alis-Chalners IN the
recent past Strong, Sturgis & Co. were sellers OF
Reading before midday and. with Dan Bacon and
the traders. responsible for the rather reac-
tionarv tendency. a. a. Housman, B. Baruch. H.
Content Speigleberg and other active traders thd
up Smelters about midday. finding more shorts
than might have been expected in a stock so closely
held and constantly manipulated F. w Savln
& Co executed a substantial buying order in the
preferred. A. Upper & Co. executed the buying
I,iobyE
Amagamated Copper in the early afternoon There
was rather narrow market but the London fort
nightly copper statistics exercised a favorable IL
fuence although there nothing to show the
attitude the foreign markets would take On the
figures
FAILURES IN OCTOBER.-Commercial failures
in October were $50 in number and a6.751.ss2 in
amount of defaulted Indebtedness. according to sta
tistcs compiled by ''Duns Review. based on re-
ports from branch Offices of 4. q. Dun S Co.,
against SIS insoIvencfes In the month last
year when the liabilities were s1O,525.12S In
manufacturing occupations there were 2"' Iaiiures
for s3444S15, against 226 in 1904 for s4,605,2I2
Trading defaults numbered 592 for sS,O"6.631. COM
pared with 633 last year when liabilities aggre-
gated So 1875, ,21S Even in the third class OF COM
mercial failures. embracing real estate brokerage
and other concerns not properly included IN the
two principal divisions. tho comparison was favor
able % failures for S27o546 falling far below t4e
90 fer s123 2SS in October 1904 OF banks and
other iduciary institutions there We're suspen-
sions for S5974,549, against last year involving
s342 600 and q in 1908 for s130S4635. In every
respect except banking failures the October COM
parson with recent year is decidedly favor
able and last years record of financial defaults
was abnormaliy light 1t is particularly gratfy-
Ing to find that the bright promise of earlier
months is being fulfilled insolvences If late fall
ing still further behind those Of the corresponding
months in 1904. This to be expected. In view
of the general prosperity that is noted Ill all parts
of the nation because of good crops and industrial
peace which brings full occupation for all labor
and a liberal distribution of money in the shape
of wages smaller percentage Of unemployed
than in any previous year is the keynote OF ma
tional success
UTAH COPPER-John Hays Hammond Will be
made managing director and consulting engineer
of the Utah Copper Company He will represent
American Smating and Refining interests 1t is
stated that Notwithstanding the new Joint control
of the property. this will be the only change made
in the directorate The company will meet for the
purpose of organization soon.
REDUCTION IN REFINED SUGARS After the
onenin,, of business yesterday morning all refners
reduced their list prices for refined sugars ten
points to the basis of 44oc net less per cent for
cash. for fine granulated The local raw sugar
market was steady. with centrifugal quoted at
31kc muscovado at 27sc and moasses al 2@sc The
London beet sugar market to-day was quiet and
STEADY with November and December quoted at
SIS 1Izd and SIS 214d. respectively.
APPLICATION TO DISQUALIFICATION has been
made to list $2225 900 additional frs. preferred
stock of the Associated Merchants Company. The
first mortgage per cent bonds Of the Chicago and
Tomah Railroad Company have been stricken from
the unlisted department OF the Stock Exchange.
These bonds matured November 1. 1905.
PENNSYLVANIA ACKNOWLEDGEMENTS di-
rectors have declared the regular semi annua dvi
dend of 3 per payable November % to stock
holders of record November 4
EMPIRE TRUST DIRECTORS-PierrcL Lorillard
and Robert E Jennings have been elected direc-
tors Of the Empire Trust Company
NATIONAL BANK CIRCT1LATION.-The in
crease IN National Ban nix circulation IN October
IS 2a9 ESQ and for twelve months, SOS. .4o7. .225-
MOVEMENT OF MONEY.-The local Sub-Treas
urv transferred yesterday for the hanks $50 00 10
New-Orleans while it paid to the banks $4,000 on
telegra phic order against the deposit of god
at the San Francisco Mint
COPPER EXPORTS.-October exports OF copper /
17Ol4 tons compared with 1875 tons last month |
and &c 55 tons October Exports for the entire
year however are likely TO exceed those of last.
AMERICAN LIGHT AND TRACTIoN-For the /
twelve months ended September 80 gross earnings
of the American Light and Traction Company in |
creased Se6. 49, and earnings increased sS505S