New-York tribune., 1911-11-04
TOPICS OF THE STREET

FOREIGN TRADING -Transsct,
the local stock market for foreign acca,,l
amOLntod 10 about 1900 shares. nn~"s
sales of the steel and Copper issues. ''uF
INVESTMENT COND1TIONs.-Ir ~.
November bulletin spencer Trasy n utf
say: The investment situation d,ir,rs -
month offered many signs of nross "
There has developed fairly wide ,,,vstlE
on the part OF institutions and v,sstt1v
for securities of recognized st0ndlns. ~,
lndecislon on the part cf the issuing -
poratlons ~ view OF penJing ltjoe.,s. ~
with respect 20 the issuance OF nerg ssent. s.r.
tics. has produced digestion OF rnsn.1'r
these already outstanding a condItion :.
mas niaae tor Improvement End cof,st1s,
able stability in prices. Tho cOntlruanstI
easy money and the piling Nd OF idIe ~ ~ =
has made " imper3 tive for the large ta'."9,l
ing institutions 10 geek invcstnle,,, in s.ef' aef'
securities. and there is no indicatioo 49,
there viii 10 any marked change a. ~
respect for some months - come Th,.'Ss
nand VIII confine itself Under o-dfss.
conditions 20 the higher GRADE oy =. "
torn securities rs sfordlng q more rssa
means OF convertibility into cash in a.
sn Improvement ~ the inquiry for loansS.
funds. The Individual investor. ON Il.
other hand. because OF the necessltle. =,
larger return. has confined his stfen,s
largely 20 public service corporation isss.,
ct established merit. where the oues.ior -
immediate markets bility IS less i'm os oor..ss. q
than the difference in income Yield M..
OF the larger houses during the month -
reported continuing and satisfactory - =.
mand for securities OF this type
BANKS LOSE CAsH-The r.oo.
movements ~ currency this week irdf...
loss in cash held By the banks OF r. ~ =.
90. They gained ONLY a nominal sson... .a
from the interior this week, v,hils !.
Suo-Treasury operations resulted In a..
loss. The banks received from ihs =
rfT q
teiiOr $40 5000 including q 30 90 ,a,sa.s
bank notes sent 30 Washington for yeds,,s
ton. q 800 no transferred through tbs ~
Treasury 90 San Francisco, and Nla,.
gold coin shipped 70 Canada ThA.z,..
from the interior was s6320Cc. Receip,s !,
new gold were si,534Oo. namely. on "a,
York Assay Office checks. so 40 o, 'sj.
Francisco Mint checks S553001, ana -
Seattle Assay ONCE checks, si3l 90 o-S
nary disbursements by the Sub-TrAsS,
were sl3.l58009. Payments by the bank, !,
the b-Treasurv for customs. in,s,,.
revenue. per cent redemption fund ~
amounted - $ls75l ,01o, showing q loss 4,
SUb-Treasury operations proper Of Sm
90. The total gain from the interior a,
by new gold amounted 10 s2l6Soo n.
Quoting this from the loss on Sub-Treasg--
operations proper the net loss by the hsrh
was s3,i27.0c1.
LACKAWANNA PROMOTIONS II.
connection with the election Of p. J. Fly,.
10 the position Of vice-president OF Il.
Delaware. Lackswanna &, Western. =
charge Of traffic. and q 4 Cullen % M;
Of passenger traffic manager. the fo,l0pt,
promotions have been made by the cor
pany: W r Griffits is made assistant zse
eral passenger agent; J. II. Cravto,.
freight traffic manager. Nat Duke, a.
sistant freight traffic manager; a. s. Lea
royd. general freight agent. and J. 4
Ksefe, assistant general freight agent
COTTON EXCHANGE APPROVE,
CHANGES The board OF managers Of N. |
New York Cotton Exchange has apprors
the recommendations made In the repy,
Of the recent conference with reprexr
atiyes Of manufacturers associations. II.
principal recommendation were: fr
that certain charges be made In the isr
ance Of certificates Of grades OF cos'o,
delivered on contract ana, second, ths, o
amendment 10 the bylaws of the exchzEf.
be adopted calling for three, instead q
two, revisons a year Of spot cotton qlor.
tions Members OF the exchange will yen
on these two propositions November 4
GRAIN EXPORTS" Bradstreets" n
ports the exports Of grain for the ves
with comparisons. lgures In bushels d
against 3.7Se.0l6 last week and 3,:H,M Z i
this week last year. for the ascsl year y |
date, 55.037, 7e9. compared with 3,s6,p y /
the corresponding period IN 1910; cor
t-etN-Ht tflIFdSlEU "A 4Ltl D-1s-lN Ar-L Htth -
G22 922 in this week q year ago. for the &
cal year to date. 10. $50 sls against ssnt
In the corresponding time in 1910 II
weeks shipments of wheat we're the lsrt|
est since September y. l@H.
ST. PACLS EARNINGS.-rhe renor. Il
the Chicago Milwaukee & ST Paul ,or fs.I
month Of September makes q most una
vorable comparison with the same tine j
year 20, showing "A loss IN gross esynir
Of s54l93s and a loss in net earnings II
iG24, lii For the first three months Of tsI
current fiscal year gross operating inco,si
amounts 70 Sl6,502, 265, against 81, HM II
the corresponding period IN 1910 ana Fl
operating revenue, g tS6.0ea 2 declins 4
q 333.1ot
COPPER TRADE.-Exports Of copper II
the week ended November were 8, s53 to,
In the first two days OF the month expor'l
were .,2e3 tons, compared with 3.27t tons 4
the same time last year. Copper mst
prices are firm, and sentiment in the rl|
is more optimistic than recently reported
WASHINGTON TRUST COMPAyT1
Henry Steers. president Of Henry steer!
Inc. has been elected director Of ri
Washington Trust Companv.
NEW TRUSTEE FOR DOLLAR SAIL
INGS BANK.-Howell 7. Manson, assis,ai.)
treasurer of the Gallatn National Bark
has been elected a trustee or the DolIr
Savings Bank
INTERNATIONAL STEAM PUMP
William Guggenheim has been electE
chairman of the finance comnni tee Of t's
LIT -