New-York tribune., 1902-11-15
WALL STREET 1VD EXCHANGES.

FOREIGN TRADINCi.-Foregn houses dealt in
5000 shares in the local market. mostly sales
American stocks in London showed A weak tone
from the outset and declined under pressure Of
sales for the Continent There was only very mod
crate support from New-York. There was no feat
ure I'm money or exchange In any of the European
centres. Bar silver showed a further sharp decline
10 22s.d the lowest figure on record This was ad-
versey affecting all Mexican issues in London.
Consols almost the only firm feature in the
London market
STOCK LOAN QUOTATIONS. Loan quotations
were. Amalgamated Copper. Anaconda, American
Ice Atchison common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common. chi
caEo Terminal. Colorado and Southern, Delaware
and Hudson, Erie common. FIRST and second pre-
ferred. Louisville and Nashville. Manhattan. Mis-
souri, Pacific New-York Central. Northwestern,
Norfolk and Western Peoples Gas. Reading first
preferred Republic Steel common and preferred
Rock Island ST Paul. Southern Railway preferred.
Southern Pacific. Sugar Tennessee Coal and Iron
Union Pacific common and preferred. United states
steel common and preferred. United States Leather
preferred Wabash preferred and Western Union.
5iz per cent
STOCK MARKET LLoUIDATION.-Lquid
in the market reached the acute stage about
o'clock and for the next half-hour. in volume ana
preciptancy II has been exceeded at no time since
the decline set in, a month ago. The chief
interest centred In St Paul, where II was evident
10 any close that the Of the fever
ish fluctuations the passage Of a block OF not
less than 200o1 shares between l1la and ~ Pro-
fcssionaI attack against the market was constant.
but there was no one who would admit that II was
not eminently successful. and that it had not
forced out several hundred thousand shares Of
good stocks. A considerable number Of commits
sion houses had selling orders from spectators
who have been on the long side of the market for
a year and more. and who sell to get out
even. \ representative transaction Of this kind
was reported. where house sold q line Of 90 00o
shares Of stocks in which there was a profit of
$4,000 at one time. and which yesterday brought
the holder about
CURRENCY MOVEMENT.-The principal move
ments Of currency this week, compiled by The
Wall Street Journal" indicate that the banks lost
thereby S26i7 500. The banks resolved from the in
terror $695. .i00 and sent the interior $3.7142OO.
in which are included transfers through the Sub
Treasury of $4,000 to New-Orleans and $250OO0 to
San Francisco. The gain from the interior was
1881 2oD. The banks received gold to the
amount Of SlO54.4oO. of which $7545O0 was on New
York Assay Office checks and so99 900 on Seattle
Assay Office checks. The banks received from the
Sub Treasury ordinary government dshurse-
ments $l7l76.6OO and paid to the Sub-Treasury for
customs internal revenue. > per cent redemption
fund etc. $2 $4,000 The loss on Sub-Treasury op-
eratons proper was A.6s5.4OO The total gain from
the interior and by gold was $2uSl COO which
deducted from the loss of $46S3 100 Sub-Treasury
operations. makes the net loss $50 1900
LACKAWANNA'S EXPERIMENT. - I.acka-
wanna Railroad officers are watching with interest
the result of an experiment in mana cement now
being tried that road When Mr. Truesdale as
sumed the presidency of the Lackawanna he cs-
tabshed industrial department. which by the
was the first to be established in the East
out West such department is familiar feature
of all the prominent Western roads but the
Lackawanna has pushed its scope t0 a point where
it may almost be termed a financial department
Records have been made of desirable investments
to be had bond and mortgage IN certain sec
tions reached by the road. and an effort is being
made TO interest trust companies and others in
them. start has been made with Monroe County
Penn, which includes the Delaware Water
Gap, Mount Pocono and other summer resorts
New-York. These resorts are seeking to en-
large their quarters. To raise the necessary money
bond and mortgage is the novel work being
done by the roads Industrial department
AMERICAN CAR AND FOUNDRY-Tbe
American Car and Foundry Company has received
orders follows: Jersey Central 500 steel
hoppers Pennsylvania. 1000 steel hoppers; Louis
Vile. Henderson and st. Louis 80 freights: Evans
willie and Terre Haute. $50 freights and Michigan
Central $50 freights
FOREIGN TRADE.-Imports for October
amounted to SS7.4s7Oo. and exports to HBls0No
For ten months imports $S9.6i2 675. and ex-
ports were dOs65is7Sl. The excess of exports over
imports for the corresponding period for 1901
shows decline of 100000 for October and for ten
months a decline of 67S65,Oo0
GRAIN EXPORTS FOR THE WEEK.-'Brad-
streets reports the exports grain in business for
the week. with comparisons as follows: Wheat
-four included 44O.1e0. contrasted with 4ssS 7o4 in
this week last year, since July l. 1Ol 5S4 652 com
pared with III 1S2SlS in the like period 1851 Corn
2Sl SOL against 629 94 last year since July l. 22Ns 2
conrasted with lS0I i9S in the like time year ago
ROCK ISLAND-The new Rock Island shares
which have just been listed were under pressure
throughout the day. but on the decline prominent
interests were heavy buyers There was little sell
ing for inside account. despite reports TO the con-
trary. At It's present price Rock Island preferred
naturally appeals 10 buyers who wish to secure =
per- cent stocks at cheap figures II is announced in
Des Moines that jobber in this city has received
a letter from the general office of the Rock Island
Railroad which states in substance that the road
will have its lines TO the Pacific Coast by Ian
uary l. 1895
LARGE ORDER FOR OIL.-It is reported that
the Champion Oil Company. Limited has closed
a large order with steel COMPANY from
which much larger business is expected for the