New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING Foreign houses oed.. ~ ~
5000 shares in the local market. buyihs -,
shares. American stocks in the LonuoH ~ =,
were largely influenced by the further'reCot n
consols' which at $50 gained Is per en- -.
were is above the lowest touched on no ,n,o.
The general market was steady ana led'u ,,
money was rather easier in LONDON Ai1
but unchanged elsewhere.
CURRENCY NOVEMENT.-The princlpaI noNc-
ments Of currency this week compiled pF Inv
Wall Street Journal indicate q gain of SliS9"o
IN reserve hell by the banks. They received io''
tho interior $3.0s5 200 and sent to the interim
$v6ii.6eo. of whi,h $4,000 transferred 'hrous"
the Sub-Tre1sury TO New Orleans. The loss to me
interior was S2.55ai00. Receipts OF new soid "tie
$2l66'co. namely ss62,900 New York Assay once
checks, 9,5oL$0 San Francisco Mint checAS
and Geographic transfers, and S95.@0 on Seat'l'
Assay ONCE checks. The Sub-Treasury paih 10
banks $lfsl0oo in redemption of > per cent DondS
due February ]. 1904 Other disbursements by the
Sub-Tre1sury so $4,000. the banks paid to tho
sud- reaSury for customs. internal revenue. per
cent fund. retirement Of circulation ETC. sZ-.2s''-
co. the gain on SubTreasury operations proper was
$500" The total gain from gold. bond pur-
chaSeS and other Sub-TTeasury operations was
$4,000: deductng the loss Of s2559.io0 70 the In
terror. the net gain was 81. 499 500
NEW COTTON EXCHANGE MEMBERS
Charles G. Cowan. of G. e. Cowau & Co. No. y
Nllliam-st.; Samuel y. Bush Of 5. n. Bush g. Co,
No a hilby-st-, Boston; Lawrence \. Dodsworth,
Of Charlotte, y. c.. and Robert y. Craig. jr-. Of
W. c. Craig Company. New-O ORLEANS. have been
elected members Of the Cotton Exchange.
GRAIN ENPORTS--"B radstreets'' reports the
exports of wheat for the week at 4.os26s1 bushels
against 100000 last week and 6s70.57S last year;
since July 40297362 against 65.s79715 last year
Corn FOR the week. 123S71 bushels. against 1920
last week and l,423 last year; since July J. r.
i29,122 bushels, against go last year.
UNITED STATES STEEL BONDS The heavy
trading in United States Steel bonds in the first
hour was feature of the market. The block
dealt IN in that time than the average
trading in all bonds on the floor in ordinary
day. The price weak and the selling was
such that it could be attributed other source
than the underwriting syndicate There was a ru-
NOR current. however, that James r. Keene had
been employed by the Morgan interest to handle
the market for the bonds. The heavy selling of
Steel IS by \. IT. Combs was believed to be for
the managers of the Steel underwriting syndicate
themselves As T J. Taylor * Co. and ". 9
Sheldon were buying Steel preferred il is probable
progress.
AMERICAN CAR AND FOUNDRY COMPANY.
The directors Of the American Car and Foundry
company viii meet next Tuesday 10 take action on
the dividends. The regular quarterly dividend or
"a per cent viii be declared the preferred stock
and the regular quarterly dividend of 1 per cent
on the common. Dividend requirements for three
months amount to $4,000 while net earnings
available for dividends for the last three months
have aggregated T.500000. The American Car and
Foundry Company has received new orders for
coaches: Bangor and Aroostook, . fiat, and Erie,
100 freight The preferred stock sold up IL points
I'm yesterdays market
AMERICAN LOCOMOTIVE.-The Mexican Cen
mogUl and I switching engines from the American
Locomotive Company.