New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-25
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses dealt in
less than 500 shares In the local market In Lon
don Rio T1nto was exceptionally strong, in view
OF the restriction Of the Amalgamated Copper out
put. which should naturally advance the price OF
copper and benefit other mining corporations. Con-
sois were heavy and The market has evidently not
yet seen its way In the Far Eastern question.
UNITED STATES STEEL.-In the application
to list S33.O0O,n0 OF its sinking fund per
cent bonds the United States Steel Corporation
makes public for the first time official figures as to
the extent Of the bond conversion plan. The un-
derwriting syndicate formed to finance the con-
version of So0CCoOoo of preferred stock a like
amount of sinking fund bonds agreed to furnish
100000 of preferred stock for conversion and
from The aD5cation 4n st II thai there has be
converted into bonds by the individual sharehcld-
amount of bonds. as the total amount of bonds TO
be listed includes the 100000 for which the syn
dictate paid cash
THE COTTON MOvEMENT.-According to The
Financial Chronicle the total receipts Of cotton
for the week ended October Is reached go bales
against 352sG last week and 3O7.JG the previous
week. making the total receipts since September I.
1903. 15Sos2s bales against 1852 2& for the same
period Of 1909. showing a decrease since September
/. 1903 of 81. sic bales Reports from the South in
dictate that over much Of the South the conditions
the week. In the Southwest the weather has been
dry. as a rule. and while rain has fallen in many
except in some sections of the Gulf and Atlanu
but at only few points it is stated to have beer
killing Picking has the whole made excellent
progress, and marketing has been quito liberal
AMERICAN LOCoMOTTvB.-with the excep-
ton of one plant. all the works of the American
Locomotive Company being operated to their
full extent and output Of locomotives is about
equal TO what II last year at this time Unless
there is change In the industrial situation for
the worse according 70 present indications. the
cornpany's works viii continue to he operated to
their full capacity for several months TO come
CRUDE RUBBER ADVANCES.-Crude rubber
advanced in the last week. and is now quoted at
81 C for Upriver spot. with concessions made
in the price for future deliveries. Receipts at Para
and Manaos continue in excess OF year ago, and
the prospect is for a full crop.
TENNESSEE COPPER-Tennessee Copper was
the active feature in the outside market upward
of 500 shares changing hands 1t opened With
sales at 30l4, and advanced points TO ga The
strength in the stock due to favorable reports
from the companys mines
TO EXPORT PIG IRON.-The actual export
movement of Southern pig iron is pec.ed 10 be
Gin within ten days. Contracts pending for a
considerable tonnage TO be sent ballast, and
reduced freight rates expected soon as any
considerable volume of trade is ready
BANK CLEARINGS.-The total bank clearngs
of all the clearing houses Of the United States for
the week ended October Il S2C6i 81 49, against
81 rs G69 last week and s. i57 49, 3I in the
spending week last year.