New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-01
WALL STREET AND EXCHANGES.

FOREIGN TRADINCi.-Foreign houses dealt IN
5000 shares in the local market. evenly divided.
In London consols were shade easier, and the
copper stocks lost ground. Business was much
qUieter in the mining market Paris exchange
London was easier, and there was feature in
money in any of the European centres. Further
weakness in bar silver was reported
CORN PRODUCTS-An interest connected with
the management of the Corn Products Company is
authority for the statement that the large holding
interests have in way participated in the recent
selling of the stock Of that concern. Their holdings
said to be large at any time since
the formation of the company. They look with en-
tire satisfaction upon the trade conditions all de-
velopments in which said to be of a favorable
nature. The chief factor is the large corn crop.
which insures the company a sufiicency of
material at reasonable cost. 1t is also said that
the export business is the present time the larg
est known. This is chiefly due to the failure
of the potato crop in Germany as it is from pota'
toes that the Germans extract their glucose.
UPTOWN CROWD DISSOLVING.-It is said
that the Waldorf-Astoria crowd is separating and
is not the market power il used to be a year
Most of it's members have scattered take their
inspiration from the Hoffman House. where the
political element is well represented and is
perhaps dscounting the expected political pros
perty of the next two years. Such of its mem
bers. however. remain faithful buish and
seem have covered their shorts, particularly in
the minor industrals, where they were reasonably
successful -
SUGAR SITUATION UNCERTAINTIES sugar
situation is uncertain 1t is said that rehners have
bought sugar in Cuba for January shipment at
7-32c basis So degree test and freight terms,
which under the duty would be equal 10
practically 916c duty paid basis against the pres
ent quoted spot price of $40. No spot Gars are
Offering for less than 3%4c. The stock here in first
hands is made up principally of Cuba sugars
LAKE SHORE AND MICHIGAN SOUTHERN
BONDS-Speyer & Co. state that they have dis
posed of all the Lake Shore and Michigan South
ern Railway 81. per cent bonds lssuaole against
the old second mortgage Is, due December l.
amounting to more than 100000 They Will.
therefore make no call on the syndicate partici-
pants.
DELAWARE LACKAWANNA AND WEST
Fl{N runor that Lackawanna contemplat7s
building an independent line to Rochester is au-
thoritativeIy denied. The company has no such
purpose in view at this time.
CURRENCY SHIPMENTS.-There was deposited
at the Sub-Treasury yesterday for transfer to San
Francisco 100000. To-day 81 G0o0o9 will be de-
posted for the account of the same place
BOND MARKET FEATURBs-Fish & Robin
son. in their monthly bond circular, say;
Higher rates for cali money and me annog NEE
companies tended to restrict dealings in the ola
issues and resulted in many instances IS IN r Inc
has held drm there is it'll" Ssre to sell at
market viii Work toward an easier condition in the
near future, as recent imports OF goo VIM nave
froln the West will be in considerable volume.
demand tor hlSn class ( SIe 6oo 65 I5iIa
C5GGG6 Long Island railroad Company Is guaran-
06 600 axe shore and Michigan Southern Railway
twenty-five year debenture Is. additional amounts
Il $1,000 Per cent loan of the Great Northtrn
new bonds are taken at this time &c regarded
q favorable indication Of the temper OF the in
y he ,s Lea Win te e9t @ lover prce fdr All
IL n =
which fell off gradually from 1913 to | S or 1o5--
to the fact that money rates continued compare
lively easy until late Il the month "a that no
in putting additional deposits in national banks
strious suingency the demand for p consequently
not sufficient to absorb the convertible issues
offered. Recent developments in Panama, doubt
less. also contributed TO easier market From
present indications it is probable that during the
| latioq will be enacted for The construction of a
such construction. 1t is likely however that the
and TINS MAKES the actual ISSUANCE OF bonds look
~ present a httie remote t3r this reason NUM-
around 1861 ex which trey sold some months ago
at prices ranging as high as 10
GOLD IMPORTS.-Cold 10 the amount Of f2c0OO0
WAS purchased in the open market in London for
/ Nev--Nork account. The gold engaged is a part Of
the f5saOo which has just arrived London from
South Africa. The American Line steamship Phila-
dclphia, which arrived on Saturday from South
ampton. brought S5Si00a gold consigned to the Ma
uonal city Bank. and the Cunard Line steamship
Etrura. which arrived from Liverpool on SUNDAY.
thought 81 Gooo0 gold consigned Laz1rd Freres
The arrivals of gold from November To- the frst
arrival. to date aggregate $S.20lSl6 ENGAGEMENTS
Yesterday Of gold for import Were. Ry I.azara
Freres. $4,000. and ny the National city Bank
100000
LAKE SHORE SYNDICATE Speyer & Co state
that they have disposed Of all the Lake Shore and
Michigan Southern Railway 3ie per cent bonds
izsuabie against the old second mortease Is due
on December !. amounting 10 more than $500 Geo