New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-19
fo.61O Total sale
WHEAT.
WALL STREET AND EXCHANGES.

WALL AMI
FOREIGN TRADING.-Foreign houses dealt in
5000 shares in the local market, buying 1000
shares on balance. In London consols were IN
changed but rather heavy, and there was mani
fest indsposition do business until the Far East
ern outlook became clearer.
CURRENCY MOVEMENT.-The principal move
ments Of currency this week. as compiled by THE
Wall Street Journal" Indicate a gain of S. 700
in reserve held by the banks without taking into
consideration the s2,47s,sQo gold brought by the
Teutonic. which not paid for by the Treasury
until Friday, and will, therefore, appear in next
weeks report of the currency movement The
banks received from the interior s6.99oo. and sent
the interior 200. Of which there was trans
ferred through the Sub-Treasury $4,000 to New
Orleans. The gain from the interior was $3.50, 100
Gold imports other than by the Teutonic were
$S49 500, making SO 10000 at this port on this
movement as reported by the Custom House. Other
receipts of new gold were $16916o0, namely $685.
100 on New-York Assay Office checks, H4soO on
Seattle Assay Office checks and 1901, 100 on tele-
graphic order against the deposit at the San Fran
cisco Mint of imported Japanese yep- The Sub
Treasury paid in redemption of per cent bonds
Sill 900 Other disbursements by the Sub-Treasury
were s20,7s9,7 100 payments by the banks for Gus
toms internal revenue, per cent fund, etc. were
$40. z02 900. The gain on Sub-Treasury operations
proper was SS77OO The total gain from all sources
reporting was S6931.70O. FOR the first time since
April a the banks have sustained no net loss on
any reported account. The gain the direct in
terror movement was IS $50, TO- which is more than
a million in excess of the previous weeks gain on
that movement, and transfers of currency to New
Orleans through the Sub-Treasury were million
smaller than last week.
LACKAWANNAS NEWARK IMPROVEMENTS
Unless something unforeseen occurs the immense
viaduct over which Lackawanna trains will pass
through Newark will be in operation on December
81. The work has been in progress for more than
two years and when completed will prove Of
the most costly and important improvements made
since President Truesdale assumed control of the
road. The new passenger station at Broad-st.,
Newark. viii also probably be ready about that
date TWenty-six grade crossings have been elin-
mated by raising depressing the tracks through
the densey populated sections OF Newark and
neghboring towns. third track for fast suburban
express trains will enable the road to handle its
suburban traffic in a manner that will materially
reduce the running time from New-York to the
Oranges and nearby Jersey towns
GENERAL ELECTRICIAN officer of the General
Electric Company is quoted as saying:
The falling off IN the business OF the General
Electric Company. such 1t has been. is due TO the
general depression in business. We expect how
ever TO make for the year ending January 81 nearly
as good a showing did last year. About six
weeks go We were about 100000 ahead in sales
against the previous year The indications seem
be that for the completed year gross receipts
will be nearly large in 1902 and that, owing
to the falling off in the price OF some materials
such. for instance as copper, we shall come out
very well IN our net
EFFECT OF STEEL BILLET PRICES.-The re-
affirmation Of steel billet prices followed by an
urgert covering movement in the Steel stocks and
the market generally responded we'll II the
opinion Of a number OF good market judges that
the failure OF the latest bear attack would serve
to draw public attention to the market and result
in revival of interest.
ATCHISON.-It is figured that ]. p. Morgan <,
Co paid between 931s and 80 for those Atchison
general mortgage per cent bonds These bonds
are selling on the Stock Exchange at 997s 1t is
understood that arrang have been made to
sell fairly large portion of these bonds TO Paris
bankers.
EMPIRE STEEL AND IRON.-The Empire Steel
and Iron Company directors have declared divi-
dend of per cent, making per cent for the year
usual. The net earnings Of the company for
the eleven months CT the year ended December /
Were about $4,000. The Empire company has no
bonds on its property and has undertaken no large
improvements in the last year. 1t has untitled
orders its books for three months product at
the present rate OF operations. The company re-
ports fair earnings. in spite OF low prices
GRAIN Bradstreet's" reports the
exports % wheat for the week at 1858 Os5 bushels
against $50 bushels last week and $3.50 o37 BUSH
els last year; since july So $50 s64 bushels against
l2z l9S,539 bushels last year. Corn for the week
1857 bushels. against 659035 bushels last week and
l,5261H bushels last year; since July ! 2s sos ass
bushels against 34i bushels last year
STANDARD ROPE AND TWINE.-It is said
that the Standard Rope and Irvine Company has
recently made a contract with the InternatioraI
Harvester Company for a large tonnage Of hinder
Irvine. which viii practically put in operation all
the mills which the company has not recently re
CURED 10 carry on its normal business Senator
John kean. OF New-Jersey, and Colonel William
Barbour have resigned from the directorate of The
Standard Rope and Irvine Company
RAILROADS NEED CARS.-A Chicago dispatch
says that although the railroads have placed little
more than half the number Of orders they did a
year ago. many are in need OF more equipment
rms does not come from the builders, but Ia
elected from railroad officials OF high standing II
the business OF the new year is upheld in anything
Ike It's present volume during the first quarter OF
the coming year the builders will receive plenty
OF business again.
TRANSFERS OF MoNEY.-The transfers OF
money through the Sub-Treasury yesterday aggre-
gated $4,000 10 New-oTleans. There was paid out