New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London yesterday re-
versed it's position of Thursday in this market
buying 10000 shares and selling nothing. The
heaviest purchases of United States Steel pre-
ferred and Erie common.
STOCK LOAN QUOTATIONS.-LOan quotations
were: Amalgamated Copper. Anaconda. American
Ice, Atchison common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common. Ca
madam Pacific, Colorado Fuel and Iron. Delaware
and Hudson. Erie common first and second pre-
ferred. Louisville and Nashville. Manhattan. Mis-
souri, Pacific. Norfolk and Western, Metropolitan
Street Railway Peoples Gas, Reading first pre-
ferred 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 Smelt-
ers common and Republic Steel common 5Gf5la per
cent New York Central AZ per cent, pennsylvania
per cent, Western Union per cent. Shelters pre-
ferred and Republic Steel preferred 3 per cent,
American Locomotive preferred fat.
PROFIT FOR THIS SYNDICATE.-Vermilye
& Co. have closed the syndicate formed by them
for the purchase of sO,OG000 ST. Louis, Iron Noun
tain and Southern, River and Gulf divisions first
mortgage per cent bonds, all the bonds having
been sold 1t is understood that syndicate sub
scribers received net profits of between and per
cent.
NATIONAL CITY BANKS GOLD IMPORTS
The National City Bank announces that its engage
ments of gold up to this time about S6.GOOO0, OF
which amount 100000 has already arrived
Another engagement of 100000 was reported yester-
day by this institution
THE MARKET FOR PIG IRON-Rogers. Brown
& Co., In their weekly review of conditions in the
pig iron field. say: The universal testimony as 10
pig iron is that there is a better feeling. 1t is not
claimed that there is any increase in consumption
but the number of those who believe the bottom
has been reached is largely increased. Further
considerable restriction output of foundry iron
is expected about the last of the year, number
Of furnaces will then have worked out contracts
for materials. The labor readjustments that
have already taken place without disturbance.
coupled with the lower prices of most materials
entering into building have LED to an improved feel
ing in building trades"
DIVIDENDS DECLARED.-The regular quarter
" dividend of 81 share has been declared the
General Electric common stock payable January Is
to stockholders of record December - The Union
Bag and Paper Company has declared the regular
quarterly dividend of ia per cent its preferred
stock, payable January Is. The Panama Railroad
Company has declared dividend of per cent pay
able January l. The previous dividend vas per
cent. and was paid October last.
THE MOVEMENTS OF CTTRRENCY.-The prin-
cipal movements of currency this week as compiled
by The Wall Street Journal indicate gain of
81 sS5. 800 in reserve held by the banks They
ceived from the interior S55517 100 and to the
interior s4SG9.9OO of which there transferred
through the Sub-Treasury $975.000 to New-Orleans.
The gain from the interior S5S1.SO0 Gold i'm
ports $.162600, making the total at this port
on THIS movement 9914l,lV, as reported Dy the
Custom House. Other receipts of new gold
S2O69 900: namely 81 672 700 New-York Assay Of
flee checks which included payment for part of the
gold imported at Boston. $37260O teegraphc
transfer from San Francisco against the deposit at
the mint there of imported Japanese ven. and $2 600
on Seattle Assay Office checks The Sub-Treasury
paid $27O40O in redemption of per cent bonds of
1904 Other disbursements by the Sub-Treasury
were S1S,67l.700; payments by banks to the Sub
Treasury for customs, internal revenue. per cent
redemption fund etc, s2O.1 900. The loss
Sub-Treasury operations proper $2.09S,50O. The
total gain from the interior. new gold domestic
and imported, and bond redemptions was $4,oS41oO;
deductng the loss of s209s,S00 Sub-Treasury
operations proper. the net gain $1,9S5,S0O The
gain the direct interior movement was S2,556,S00
comparing with gain of 81 800 in the previous
the sub-Treasury to New-Orleans. but the demand
for currency San Francisco appears to have been
satisfied"
EXCHANGE SEAT POSTED FOR TRANSFER
The Stock Exchange seat OF Joseph S. Stout has
been posted for transfer to Newton E. Stout, his
Son. Joseph S. Stout has been member of the
Exchange since May, 1872. and is head of the firm
of Stout & Co. in which his also is partner.
PERE MARQUETTE BONDS.-N. W. Harris &
Co. are offering to investors $4,000 Pere Marquette
Az per cent bonds. being the unsold balance of
$S,OOO.OOO Lake Erie and Detroit River Division
bonds recently issued. The earnings of the Pere
Marquette system for the year ending October 81
operating expenses and taxes. $S414o 50; net earn
54049$.