New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-24

FOREIGN TRADING-Foreign houses dealt in
coo shares evenly divided. The governing factor
In the London market was the fear OF dearer
money. the Continent showed signs Of drawing
gold from the centre The decline in Paris ex-
change London is important in this connection.
Money in good demand in all the European
centres. American stocks IN London were weak
on comparatively small sales with declines Of Il
10 y per cent in all the active issues. The Bank
of England was protecting itself by the purchase
gold and bought f4co0 in gold eagles during the
day
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalagamated Copper Anaconda, American
Ice. Atchison and preferred, Brooklyn
Rapid Transit, Baltimore and Ohio common. Chi
cago Terminal. Colorado and Southern, Delaware
and Hudson, Erie common, first and second pre-
ferred. Louisville and Nashville Manhattan Mis-
souri, Pacific, New-York Central. Northw
Northern Pacific preferred, Peoples Gas Read
ing fist preferred. Republic Steel common and
preferred. Rock Island. St. Paul Southern Rail
way preferred, Southern Pacific. Sugar, Tonnes
Coal and Iron, Union Pacific common and pre-
ferred. United States Steel common and pre-
ferred, United States Leather preferred wabash
preferred Western Union. u per cent
THE NEW PAPER COMPANY.-Ofcers OF the
International Paper Company deny that they or
the company IS in any way interested in the pro
posed combination OF paper manufacturers
In the Northwest. which IS to be known as the
North American Paper Company and to be CAPT
tailed 100000, of which 100000 will be in
per cent bonds $4,000 in preferred stock and
100000 in common stock. They admit that such
company is in progress OF formation and that
it has their hearty approval for matters
stand there is heavy competition among paper
manufacturers, especially in Wisconsin, Michigan
and Minnesota. The formation OF this com
pany VIII not increase the competition. but 1t VIII
be easier for the International Paper Company TO
deal with one large competitive concern than with
some SIXTY concerns as they are now compelled TO
90; II Is ESTIMATED that the various plants TO be
taken into the new company have a valuation OF
lleiT orr
about 5000" and that they have capacity of
an annual output OF 100000 tons of finished paper
and about 600 tons daily of wood pulp
POOL SELLINCi.-Pools followed the warning
given by the banks and heavy sellers through
out the day. Brokers who have operated for the
Missouri Pacific pool sold 10000 shares Many stop
holders h ~GTe r hea sufferers Poo 9gtdatioH
Vile. The Western element sold freely
UNITED STATES SILVER CORPORATION
Bonds OF the United States Silver Corpora ton were
dealt in yesterday morning the curb at par The
new company was Incorporated last week TO take
TO the Interna tional Silver Company. well as TO
acquire other properties.
CURRENCY TRANSFERS.-Th deposits of
currency for transfer the interior yesterday ag
gregated S42o,c0-$170O00 to New Orleans and $3.50
900 Chicago The transfers offset in part
by a payment of $l50coo TO the Bank of British
North America. account of gold deposited a
Pacific coast points
TINE EXTENDED-The time during which the
stockholders Of the Chicago. Rock Island and Pa
cifc Railway Company have the privilege Of de
pany. under The plan of readJustment. has been
tended until and including october l.
HORACE c. DU VAL ELECTED-The place of
vice president of the Mechanics Bank of Brook
Ign. made vacant last week by the promotion of
George W. Canheld filled yesterday by the
election of Horace c Du Val Mr.. Du Val received
Central Station in having gained another honor in
the commercial world.