New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-02
MINING STOCKS.
WALL STREET AND EXCHANGES

FORf1CTN IhADiNG.-Foreign houses dealt "a
5000 shares. selling balance In the 1o,s
market consols were firm. while Russian No.
were extremely weak. There was no i-,7o-+.
change in japanese issues The general r,artg
was irregular. Money was in fair demand :, II
British capital
MARKET GOSSIP.-The Street thought +, 4
tected another Hoadley move in she advance !,
Sloss-SheffieId. Each move in this stock Is an
parently headed by new firm. National Lead a.
vanced in the face OF the general decline aud msd
new high record. There were renewed runors o. 4
a consolidation, but these were as usual Lacking
official confirmation. There were number Of bear
tips out. of them on Southern Pacific Ehlca
came from a mysterious source. St Paul and Era
issues weak, the latter on selling from Lon
don Edwin Hawley IS said to be interested in
Nickel Plate. The Gates interests started out early
II they intended to make good their predictions
for higher prices In Republic Iron and Steel It va,
noted. however that the other Southern iron issus
We're heavy. with probable liquidation under cover
of the strength in Republic Iron. Moore & Schls
were said 10 be behind the movement in Virginia
Carolina Chemical The argument was that tb
advance in cotton should greatly benefit this CON
pany. it had acquired lot OF the actual stapl
IN payment for its fertlIzing at much lower price
Rumors of n coming combination with America
Cotton Oil were also current, but received ltu
credit. After the noon hour the market was hear
all round Even the highly manipulated industrial
had sold off from the morning top prices. Althoug
there was no pressure on stocks, the activity bei
much reduced. traders were besrish and were tss !
ing the market for soft spots The general veal
ness of the railroad issues and especially offs
Paul was much commented on. Some surprise ]
expressed at the idea that the possibility OF "a
road rate regulation should have any effect (
prices in view of the fact that all the possible y
favorable features of such legislation are fully :
derstood by the public mind.
in currency this week indicate loss IN cash Ess +
bv the banks of $5.S4g 800 They received from u f
interior IS 300 and sent TO the interior $685.
of which there was transferred through the sN
Treasury 81 100000 to San Francisco and $9o0G K
New-Oreans and s., 447OG0 national bank notes YER
sent to Washington for redemption The loss TO i's
interior was S1,272 zoo. Receipts of new gold vs'
SS23 800, namely $7S7,6o0 on New-York Assay 0As
checks. 100 on San Francisco Mint checks q
81 500 on Seattle Assay Office checks Gold export
were 81 $50 OOO In coin to Mexico. Ordinary dsbu%
ments by the Sub-Treasury were BIS 4+o,Sd. Pay !
ments nv banks to the Sub-Treasury for custcah ]
internal revenue per cent redemption fund e.
were $17790O0O The loss on Sub-Treasury opes
tfons proper was 81 349, 800. The total loss TO Is
interior by gold exports and on Sub-Treasury ols'
atfons proper was $4.471,7oO; deducting from ta'
receipts of new gold $S23,5O0 the net loss was Sss
200 The gross receipts from the interior were las
than in any week since the beginning OF aug
except the week ended November "A. On the dTs'
the banks gained from the interior IL.
500 and the loss was due to the transfer taro1s
the Sub-Treasury of 100000 to San Francisco -
New Orleans.
MITCHELL MINING.-Harrv Mitchell the ssr
eraI manager of the Mitchell Mining COMPANY lsu
here for the mines and smelter at La Dichs, MY
leo yesterday afternoon He will arrive Al -
within eight days and remain for AZ
eraI months Just before Mr.. Mitchell started :
said my first work will be the installation o. ..
twenty-five ton converter plant which mas -
arrived at Acapulco by water from the Union ~.
Works of San Francisco. While this is beng p
in running order work via be rushed on me ~,
dations for the new furnaces Of so tons %
capacity. which viii be added TO the present
pacity of 200 tons daily
ERIE RAILROAD EARNINGS Earnings OF
Erie for the month of October make ~
exhibit as compared with the same m's-
in preceding years, gross receipts showing d. i
crease Of S674.555 and net earnings an increase /
1929. 1876 The general financial condition Of TIE p
pany is improving rapidly, and the same tils = 4
be said of the physical condition OF the prope'I
NATIONAL I4EAD-It is reported that the -
genheim interests have bought block OF =,
shares of National Lead stock. The rise IN y
tional Lead is largely attributed 10 this ou!5~ &
AMERICAN TOBACCO.-The American iot~ 4
Company win use part of :ts surplus for tas u
tirement and cancellation Of S5,&G@0 o. 4
per cent bonds which it purchased in the hai9 :
PIG IRON CERTIFICATES Regular pig - 4
ar the New-York Produce &c. - j
opened easy for cash, but steady on other pos
Foundry grade was easy on near months ana -
on later options. Following the call tnere - I
sale OF 800 tons of December regular a. -
Quotations for regular on the call follow go
17as17 so; December. 81 2Ga$l7 80. January -
,17 80: February 81 25dS17 IS March. 81 .sl
April SIT 5OGS17 50. Prices for foundry On q. s
we're: Cash and December. $rsQ$l' 9, s--cos7sfk s
1T S1dSl7 20; February, March and June. - r,-ss
GRAIN EXPORTS FOR THE WEEh- .s
streets reports the exports OF grain Tor 'pe ,'os
With compe risons. figures in bushels, a. - 80
Wheat -four included. 3,706.s90, against 500 ,gsN
week. 2lOl. rs In this week last year. 4sa,5e y
md s. 7O4 40 in 19Oe; from July l. 4S57S2S
with 2ell7 POO last year To- see 90 in 1898 ana
40 in 1892; corn. 1.643.S24. contrasted win II
asst week S64 81 in this week year ago 1,Ns'ssz
sos and 1.I5l5ss in 1852; from July L -
against IL 224 All in 1904 246O2. 1875 In 1868 ana 80
n 1902