New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-FOreiCn houses dealt in
s. 600 shares in the local market mostly purchases
In London political news was considered better and
consos were K per cent harder at SSss Money was
rather easier in the open market in London and
Berlin, but exchange on London was quota bly,
higher in tho latter centre Bar silver and copper
showed an easier tone.
AMERICAN CAR AND FOUNDRY-Tbe renorr
from Boston that a director Of the American Car
and Foundry Company had stated that an Informal
meeting Of the board Of directors Of that companv
had been held and that it agreed that unless
the business OF the COMPANY increased fully 20 nor
cent within the next few months IL would be roIicv
to pass tire dividend on the common stock was
called TO the attention OF an ofTlcer of the com
rany yesterday He Indignantly denied the truth
OF the report, and said that he did not believe any
director had made any such remark In the first
place. he said, there had been no meeting of the
directors either informal or otherwise since the
last regular meeting. There was no cause for elrb
a meeting. The suggestion that the dividend on
the common might be passed unless the business
Increased 30 per cent is declared to be without
reason. for tho company doing an extremely good
BUSINESS. having earned its entire dividend on the
preferred STOCK IN the first four months OF the pres-
ent flseai year 1t now has on it's books orders
more than sufficient to provide for the dividend on
the common stock for the entire vear eve, ~ =.
did not take another order and the fiscal wear does
not end until next May The next re-1,,ar r,se+i,-
OF the directors at which the dividend will be CON
sidorcd viii not he held until January There &c
therefore. no why the directors inforr,aIIv
otherwise. should undertake to decide irnnort,rt
questions Of POLICY this time or in an informal
wcy. The official quoted wound up his statement
with remark that the whole story from t2ost,,
vas a lie. pure AMI simple.
MONEY MOVING TO INTERIOR-Trarsfars 90
money yesterday through the Sub-Treastry. were
larger than the recent average, being $500 or0 ~
NeW-Orleans $4,000 10 Chicago and $2l0Goo To 81
Louis. total of s1.160C00 The considerable "a.
count against New-YorK in Chicago exchange the
last day or two. IS cents per 81 900 MONDAY, ir1i
c1'eu dat money viii soon begin to move tn t,o
west. For this reason it seems improbable tbat
time money viii fall below current rates in the ne,
future. ~
AMERICAN SMELLING; There f,,s 49,,
change thus far, it is said I'm the pIan ~ Tho A
reclo'7 q Ihe American Smelling and Reirirc
company III regard to beginning dividend na,,1,c,,,
OF l.'e 1I-''o" STOCK OF the company at the start
of the coming year. The declaration, Of g. ~.
Gend viii probably be made IT, - - ,"c NV
vember or in December The ONLY dtfferor,-. ~.
appears L" be among the directors &c a., - -
amount Of dividend. 90 u 'Ho
CORN PRODUCTS DIYGDEND.-A high or..-
Of the Corn Products Company l. =, 9' o'iC''
torday, authority for the Statement sd'd yes
than reasonable TO assume that tho -, . NOR
continue dividends on the compoo, =, -, -'PIIly VIII
Of the present dividends set aside for -. ne last
be paid in February The cor,n,r year VIII
prosperous year. and the outlook for ,,tl hid a
10 be gratifying. The common stock 80, - SAID
selling a basis Of l6 per cent 10 tho ir,. was
STOCK EXCHANGE LISTING Apr IL u
The Grand Rapids Railway Company bas ~ ~
application to the Stock Exchange for tho ust,r ~
s-J0.00O additional first mortgage per con, 80 s %
o. 1916 ''''us
SOUTHERN RAILWAY.-Earnings OF the S,,,.,-
ern Railway for the third week in Octcber .b 'H
an increase of 1855 over the same time vea, "a
making from July n gain Of $SSs.s6S. e''
BUFFALO AND SUSQUEHANNA BC>re
Coupon No /. due November I. 1903. from tn e
mortgage "a per cent sod bonds Of the Burr,1'
and Susquehanna Railway Company will be 80
at maturity at the office of Fisk & Robinson. No
50 Ccdar-st. New-York