New-York tribune., 1907-11-03
TOPICS OF THE STREET.

FOREIGN TRADINCf-Foreign houses were not
active factors in the local market, dealing in only
a few shares about evenly distributed between
sales and purchases. In London the general
ket unsettled and irregular ConsOls were
lower and considerable pressure developed in
Canadian Pacific and Rio TintOs. the latter declin-
ing Paris selling Call money was in fair de-
maud high AZ per cent Discounts were firm
a 55s per cent and the Bank OF England did a
small business in loans at per cent According
to cable dispatches. the continued demand for gold
for American account viii be followed by another
advance in the bank rate this week
THE MOVEMENT OF COTTON--''The Finan-
Chronicle gives the total port receipts
for the week ended November 1 337 OSs
bales against 3159S6 bales in the preceding week.
making the total receipts since September I, 1N5,
1.9O15G5 bales. against 2.623253 bales for the sane
period of 1906 showing a decrease since September
l. 1901 of 731,74S bales Weather reports by tele-
graph from the South denote that the weather has
continued favorable during the week there having
been but light precipitation rule outside OF
Texas. With these satisfactory conditions. picking
has progressed very we'll The movement Of cotton
TO market has been little liberal. although
much behind last year on account or the holding
back OF supplies
RAILROAD GROSS EARNINGs.-The total
gross earnings of forty-five roads for the third
week of October were SI1,2fS.141 as compared with
S1O61f370 in the corresponding week a year ago.
increase Of S533,T71, 597 per For the month
of September the gross earnings OF fty-five roads
amounted to S56,slz229. contrasted with S521724sO
I'm the same month year ago. a gain OF Sil4i2i9.
or 80 per cent.
PRESSED STEEL CAR BOOKS To REOPEN
F, n. Hofstot. president of the Pressed Steel Car
Company. says that, in view Of the present none
tary stringency. brokers who deal in odd lots OF
the preferred stock Of his company have requested
that the day for the opening Of the books be made
earlier than advertised IL has therefore. been
deemed advisable that the date for the reOpening
of the books be changed 20 November s. instead
of November 81. Mr.. HOffstOt says that this
rangement is in full accord with the governors II
the Stock Exchange. and is done purely To add
lief 10 the present strained conditions in the money
market
BANK CLEARINGS.-The total bank clearings
OF the United States for the week ended November
Zone day estnated) s., ,S30, ,902 f12, against
907 for the corresponding week of 1906. The total
cleaTinEs show "a decrease Of 9.S per from
those of the same week last year. New York clear
iucS decreased 16.9 per cent and Philadelphia
per cent. while Chicago increased 81 per cent
REDEMPTION OF PER CENT BONDS-Four
per cent bonds outstanding July I. 1907 SS6.i2le;
redeemed under circular of April 2 previously re-
ported. $50 $50. .150; redeemed November l. $500;
total S30. .564. SO. outstanding. S5.756.6J9
SEASONED BONDS-N. w. HaIsey & Co. call
attention 10 their advertisement regarding the
ment. and are issuing a pamphlet showing the pO-
sition of the securities market. which they VIII
furnish request
CHICAGO INTERESTS SELL ST PAUL--Sous
OF the 81. Paul delivered in the recent past. and
especially in the preferred stock. came out in the
name of firm of packing and produce interests
in Chicago whose holdings have always been an
important factor in the policy of that road
DIVIDENDS Observation-Disclosures have been
declared as follows. American ShtpbUilding Com
pany regular quarterly per cent, payable on De-
Cember . United Bank Note Company regular
quarterly 1 per cent. payable on November 10