New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-31
WALL STREET AND EXCHANGES,

WALL STREET, ANU GAOiA-A
FOREIGN TRADING.-Foregn houses deSlC III
1000 shares in the local market evenly 1si,-od
IN London the weakness in consols. winch oec''i-7
= ,er cent to sSlS was the principal feature anu
the general market was heavy. although inc 'oPp0
stooI,s we're firm. Fear Of harder money was inc
principal influence in the market Inc Apr
inc holiday tended to narrow the trading.
STOCK LOAN OUOTATIONS-Loan quotations
were. Amalgamated Copper, Anaconda. American
Ice Brooklyn Rapid Transit Delaware anu iiu
SON Erie common, first ana secoHu p-,,..
Manhattan. Norfolk and western MetIoP
street Railway Peoples Gas. Reading hrs' pr
fe-red Rock Island. st. Paul southern I>i'.r -,
,,rof.rrad Southern Pacific, Sugar, Tennessee O'''
and Iron Union Pacific common ana IIi'eN 49,
Steel common. 2l2 per cent; Atchison
and preferred, Canadian Paclhc Ne"-i''N
tro1 and Pennsylvania 1ilG2 per cent; B'it.Tn'Fe
ga Cb,o common Colorado Fuel. Louisville ana
Nashville Union Pacific preferred. United states
Steel preferred and United States LNathcr pre-
fer-ed 2 pcr cent: Western Union. Onlted SIit'9
Realty common and preferred and Shelters pre-
- at. RanubIic Steel preferred. 1-12sli1-64 per
cent. Locomotive preferred. Let per cent, ana
Wabash. ~ per cent.
HEAVY LOSS IN CAsH.-The principal move
nents of currency this week, as compiled oY Inc
Wall Street Journal" indicate loss OF $l0S4J"" IN
reserve held by the banks. They received from the
interior e OOO and to the interior S'VoSVOO
Of which there transferred through 'le 0uo-
Treasury g 425 coo St Louis, SL6JoVD TO ChlcaSo
and 81 400 to Ncw-Orleans The loss to the interior
was s13.g55O1O III round numbers, including SUB
Treasury transfers. the distribution Of the cur
rency. sent to the interior was as follows; TO ST
Louis. $7.4c5C 600; TO New-Orleans ard the South
So 1f2 900: to Chicago and the West. SS0Vp, and 10
nearby and Eastern points, S,7ii.C-0 Receipts oil
new gold were So l725t0. namely: &ZI9,C0 on New
York Assay Office checks S93 500 San Francisco
Mint checks and $799.lU0 Seattle Assay Office
checks The Sub-TreasuTy raid $17itG0 in redemp-
ton OF per cent bonds of 1904 Other dis3urse-
ments by the Sub-Treasury Were S71J6lCo pay
merits by the banks to the Sub-Trcasury for Gus
toms internal revenue per cent fund, etc. were
81 $1,000. The loss on Sub-Treasury transactions
proper was $472000 The total loss to the interior
and Sub-Treasury was $1s.6S6.90); deducting the
gain Of $3,346.9o0 from gold and bond redemp-
tions. the net loss was $153i0COJ.
CAR BUILDING COMPANY'S OUTPCT.-The
American Car and Foundry Company in the fiscal
year ended April 30. 1903 built 1882 cars. and in
the fiscal year ended December 81. 1872 the Pressed
Steel Car Company built 27.4JG The output
Of the two companies in their respective fiscal
years was 100 SIS cars These Of the largest
concerns engaged in this business. It is estimated
that there about million and half cars in
use i'm this country. Car builders say that about
70 per cent 80 out Of commission yearly owing to
wrecks disability and other reasons. If this is the
case there should be a demand for 10000 annually
to keep up requirements. especially if the rail-
roads maintain the equipment in high state of
efficiency. In view OF these facts the car com
cannot continue to curtah car purchases much
longer without mpairing their rolling stock. The
American Car and Foundry Company has received
new orders for cars as follows: Atchison 625 tank
St Louis Southwestern thirty-fve coaches, and
nisceuancous orders for forty-seven cars.
GREAT WESTERN.-NewYork officers of the
Chicago Great Western know nothing of any plan
to extend the Great Western beyond the Missouri
River and do not believe that any such plan is
under consideration. The plan to extend the line
into Sioux City has been temporarily abandoned
owing 20 the difficulty Of securing funds. and il Is
extremely unlikely that any other extensive plan
for extensions will he undertaken at this JunctuIe
DETROIT. MACKINAC AND MARQUETTE
Detroit Mackinac and Marquette land grant bonds
have declined over ten points to 75l2 on sales by
bondholders who have taken fright at the frank
statements OF of the trustees in his published
report These statements throw doubt upon the
possibility Of the remaining assets 10 provide
enough money TO redeem the bonds AT par at
maturity.
MEMBERSHIPS POSTED FOR TRANSFER
The Stock Exchange memberships Of Albert Blu
menthaI Of II. +. Bachman d Co, Herman G. +.
Hoskier and the late J. l. Heimerdinger have
been posted for transfer.
GRAIN ACKNOWLEDGEMENTS reports the
exports of wheat for the week at 4C9fS73 bushels
against 37soi3s last week and 59S7. go last year
Since July l. 53,9Ol 64I against S9.S23939 last year
Corn for the week 49,, pa bushels against SO9-
So last week and l,sS 205 last year Since July /
Is Az, 75I bushels. against l,52,c5l.
GENERAL LAND AND TAX AGENT.-O. c.
n'tS Geen appointed general land and
tax agent Of the New-Yorll Central and Hudson
River Railroad Company. effective November
with headquarters In this city. to have, under
direction of the president. supervision of matters
pertaining 20 taxes and assessments. and 10 the
purchase. rental and sale of real estate.
THE BOND MARKET-In an interview Allan
r.. Forbes. Of y. w. Harris & Co. spoke as fol-
lows regarding the market for high grade bonds.
The pronounced liquidation Of the last year I'm
the stock market. and It's consequent effect on
financial conditions. has resulted IN a material
lowering OF the levels OF prices OF the highest
ora do Of cfrnIi
times past warrants the conclusion that prices of
bonds of this character viii materially advance
even If they do not fully reach the levels which
prevailed two years ago. Present conditions n n
pear To indicate that we shall have comparatively
easy money during the coming winter and spring
the natural result Of which tends toward the en-
Ia ncement of the market value OF securities The
market fluctuations Of the preceding year have
caused investors to discriminate very sharplv In
favor of the highest grade OF securities which
still further tend To- enhance their values