New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-21
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt in
5000 shares in the local market buying 1900 shares
on balance. There We're heavy purchases Of the
United States Steel issues In London consols were
heavy. and the copper stocks were inclined to sell
of. The general market narrow with ten
dency TO reduce commitments on either side with
view TO the approaching settlement. Money was
easier In the open market in London. Paris ex-
change on London showed some strength
CURRENCY MOVEMENT.-The principal move
nehts OF currency this week. as compiled by The
Wall Street Journal indicate loss of only s729 400
IN reserve held by the banks. They received from
the interior 800 sent TO the interior IS 74s
200. of which there transferred through the
Sub-Treasury $3.50 coo New-Orleans and $500 600
to Chicago. The loss to the interior was sls24 100.
Gold imports s.S49SOO making with last
weeks S462 500 1911 coo thus far received on this
movement. Receipts of domestic and Klondike new
gold were SSSs,60 namely. S715.4oo on New-York
Assay Office checks and $1,000 Seattle Assay
Office checks. The Sub-Treasury paid si51. 300 in
redemption of per cent bonds Of 1904. Other dis
bursements by the Sub-Treasury were S19 53S 800;
payments by the banks to the Sub-Treasury for
customs, internal revenue, per cent redemption
fund, etc. were s21333.00 The loss on Sub-Treas-
ury operations proper s1.7e42DO The total loss
to the interior and SCb-Treasury $61S 600; de-
Quoting the gain from gold and bond redeup-
tons OF s2SSylOO. the net loss s729 400 On the
direct interior movement there gain of 8 COO
The amount is small but the Importance Of II con-
SlstS IN the fact that il is the first gain on this
movement reported since the week ended August %
While nearly all the currency received came from
nearby and Eastern points. the shipments to such
points were almost as large the direct shipments
to the South.
arc freely offered by the leading selling agencies
at 2>c. against 13c. the official quotation Of the
New-York Metal Exchange. This is the lowest
Price for five months. and 1Ac below the prices
ruling at the time of the Amalgamated shutdown
three weeks ago.
- POSITION OF THE BEAR PARTY-Mr. We'll.
who stands to-day the leader OF the bear party
is reported telling his close friends that in mis-
Judgment the stock market will hold steady until
the middle of next week. and will then resume its
downward course under the lead of PENNSYLVANIA
and Steel preferred The advance in the last three
days has been due in his Judgment largely to the
work of the bear party itself.
GRAIN MISUNDERSTANDING reports the
exports Of wheat for the week at 2974277 bushels
against 2,659323 last week and 5277s72 last wear;
since July l., 6@602S against 105 257 s2S last wear
Corn for tho week 1891 SOS bushels against 1855
2S2 last week and 2f2.9si last year: since July l.
22.aS25s4 bushels, against 22sS.1so last year
AMERICAN LOCOMOTIVE-The American Lo-
connective Company has received an order from the
Cuba Eastern Railroad Company for one Iocomo-
tive. The Erie Railroad Company has ordered fifty
locomotives from the Rogers Locomotive Works
The Dominion Atlantic Railway Company is hav-
ing locomotive built.
AMERICAN CAR AND FOUNDRY.-The follow
ing companies have ORDERED cars from the Anleri-
Car and Foundry Company: The Morren Re-
frgerator Line. OF Ottumwa. Iowa. thirty-two re-
frgerator cars; the Atchson Topeka and Santa
Fe Railway Company. fifteen refrigerator cars:
the Dc Queen and Eastern Railroad Company
twelve fat cars; miscellaneous parties sixteen cars
of various types.
READING COMPANY APPLIES TO IIsT.-The
Reading company has applied 10 the Stock Ex-
change to list $1,000 1O additional Reading Com
pany and Philadelphia and Reading Coal and Iron
Company general mortgage 4 per cent bonds of
1897
REFINED PETROLEUM ADVANCED. Refined
petroleum has been advanced 20 points to $50 cents
IN barrels and $50 cents in bulk The p1ice OF
pennsylvania oil in the field is s1S
CURRENCY TRANSFERS total crrrorc,-
transfers through the Sub-Treasury yesterday
amounted to $4,000. of which $500 900 was to San
Francisco and $4,000 to New-Orleans