New-York tribune., 1908-01-25
TOPICS OF THE STREET.

FOREIGN TRADING.-About $1,000 shares =,
various stocks sold in this market for fors-~
account. the purchases being small The selling ~.
considered to represent evening UP In ANTICIPATES
OF the fortnightly settlement. which begins -
Tuesday. American stocks In London were Am
and irregular, with a declining tsndencv -
general market nfeIess and heavy
MOVEMENTS OF CCRRENCY-Ths r.po-..,
movements OF currency this week indicate > -
in cash held by the banks OF Si6.507O0O almost ~
OF which was from the interior The banks -
ceived from the interior S20.2S290O sent ~ -
interior s5.S6s,500 of which $1,000 trsnsfsr~s
through the Sub-TreasuTy 20 New Orleans ana -
greater part Of the remainder consisted OF nst1.
bank notes sent to Washington FOR reaero,.tae1
The gain from the interior was S14fls.200
APPLICATION TO LIsT-Appilcatio has b.
made to the New York Stock Exchange to Iss -
following securities $1,000 900 additional eonscf
dated mortgage per cent bonds 0f the Tn+o--
tional Paper Company and $40 600 900 additfo@si -
funding and extension mortgage ~ per cent 49,
OF the Colorado & Southern Railway C0npanv
GRAIN EXPORTS FOR THE WEEK-B-,.
streets reports the exports Of grain for the vss.
with comparisons figures In bushels. as foIo,n'
Wheat. -four included. 4fl82i3. against tfs -
last week 3.328. 255 IN this week last vss- ~. ~
3.63SS7s in 1902; for the fiscal year TO date Ia
731027. compared with .421 in I30s-'57 -
160. 365 in 19O1'02, corn. 1I7f428 eon.-,,.s
with $40 2s0 last week and 20s4 $50 in 1907. s- -
fiscal year to date. 2S, ,130951 against 81 073 071
1906
RESIGNS AS TRUST COMPANY OFFTrED
George W. Young has retired president -
the Commercial Trust Company OF New Jersev -.
remains the board Of directors. HIS slccszs -.
In the vice-presidency is Robert s Ross
CONDITION OF TRADE--''Dun's Review. .,v,.
More manufacturing plants have resumed -.
money Is abundant easy terms but b,Iss--4
feels the weakened purchasing power % the rsoe
sands still unemployed. AS il becomes noss,bi. !.
make commercial loans az per cent. there /, :
disposition to extend operations many mills -
producing FOR distribution next fall and ,vi5.s
Retail trade in seasOnable heavyweight wearing a.
parel has been retarded b. mild weather ara
stocks reduced by bargain sales that rs-T-~
little profit. Buyers have arrived in large nur,sa-
in the local jobbng drygOOds market. placing -
orders at the lower prices named on some deSc-,-
tions. and this forward business also liberal !.
other large centres Mercantile collections coa-
tinue to improve. although still backward az rrs--
points. Industrial news is slightly more encorra-
ing on the whole but there is much IDLE machrs-y
and the coal output has been cUrtaied on thai ~,
count, together with the tardiness OF winter PzE
way earnings for two weeks OF January vera ~,
per cent less than a year ago. which proved rns
potent in the stock market than easy monsv "a
curities declining over 81 share Bank exchsngs.
at New York 2j-3 per cent less than h -
same week last year. while at other leading cf..
the decrease was per cent"
''Bradstreet'S'' says
Trade ard industry are stiu quiet commoa.,
prices quite generally have moved downward ~
Iections backward. increased quantitT =
railroad equipment is reported idle less satisra.r
reports 10 demand come from the IRON and stas
and coal industries. and increased disposition q
noted to discuss wage reductions as an Offset Z,
restricting production. The markets for securities
have shown tired feeling, despite the continus5
easing of money. increased eagerness OF banks \,
place loans and further proof that financial afslr,
down to the normal Wholesale trade as a
whole is slow to open. though heavy cuts in cotton
goods by Western jObbers eqUalled exceeded bv
Eastern houses. have aroused interest and attracted
buying in these and kindred lines Additional r.
ports OF railway earnings show that the business
offering the roads is declining November 1907
gross receipts, while larger than in 1906. Offset
by increased cost Of operation, and net for that
month fell heavily, gain Of 3-8 per cent in gross
being accompanied by a loss Of IL per cent in net
Bank Clearings whole are slightly smaller than
last week and much below last year Failures as
still numerous. but not much so in ths as,
two weeks. There are a number q reports Of r.
sumption increased time IN various indusc-iss
but these are largely Offset, on the whole By
strictiOn n other lines
CLEARING HOUSE CERTIFTCATES.-Th our.
standing Clearing House loan certificates it wss
announced yesterday afternoon, have been reduced
to between IS, O00. 900 and 81 600 600.