New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-26
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Forefgn houses dealt in
% 600 shares in the local market mostly purchases.
tone OF the market cheerful Money was in
fair demand but the reports from the other side
did Indicate anything calculated seriously to
disturb present conditions. and it was not thought
likely that the Bank of England would be under
the necessity OF advancing its rate this There
change in quotations for exchange in any
OF the European centres.
AMERICAN STEEL FOUNDRIES.-The 100000
of common stock of the American Steel Foundries
Company, to list which application has been made
to the Stock Exchange. was issued several months
ago for the purpose OF acquiring the capital stock
of the American Steel Bolster Company. amount
ing to $4,000, par value. The American Steel
Bolster Company is an Illinois concern owning sun
dry patents covering the manufacture Of cast steel
holsters for railway Its acquisition has
proved to have been a profitable investment
AMERICAN LOCOMOTIVE.-The decline in
American Locomotive preferred stock is generally
credited in the Street TO the operations of a Wal
dorf clique. which is believed to be the principal
factor in decline in industrial stocks generally
in the last few days. AS far as Locomotive pre-
ferred stock is concerned, the facts with respect
to the company's position do not warrant the
slightest uneasiness the part of holders of that
stock with respect to their dividends. the
panys position. In the first place, the company
had on September 30 last, quick assets amounting
TO close on Sl5,0O0CO0. Of which 100000 was cash
in bank. 1t owed various current accounts at
that time about s. 10000 leaving them net work
ing capital of 50 100000 all of which good
cash. The company has no doubtful debts.
MEXICAN NORTHERN DIVIDEND-Mexican
Northern Railway directors have decided that the
payment of quarterly dividends should be sus-
pended at the present time. In a circular to stock
holders Secretary Nourse says that the treasurers
report for the quarter ending September 80 showed
that the dividend had been earned, but reports for
the last six weeks show that earnings have since
decreased heavily account Of the impossibility OF
obtaining cars from the connecting roads to move
the ores offered for shipment. Since it is possible
some OF the mines from which the chief traffic of
tho road is derived may because of the inability TO
ship their product. be shut down. The directors
consider that the best interests of the company and
the stockholders require that its financial resources
should be strengthened IS much as possible during
the present period of uncertainty
INTERNATIONAL PAPER COMPANY.-The
international Paper Company has declared the
regular quarterly dividend of Ia per cent on it's
preferred stock payable December 81. Officers of
the company deny that general shutdown Of
all the company's mills has been ordered as re-
ported
COTTON EXCHANGE MANAGER RESIGNS
The Board of Managers Of the New York Cotton
Exchange has accepted the resignation Of David
IL Miller a member Of the board. He has been
succeeded by X. s. GCTnOn-
COTTON EXCHANGE MEMBERS ESTIMATE
COTTON CEOP.-The members of the New-York
Cotton Exchange estimate the cotton crop of the
United States this season at M12i,CV bales. All
told 169 members made estimates the highest being
II 100 coo bales and the lowest 9S75,O10 bales
NEW STOCK EXCHANGE MEMBERS. Milton
F Unterrnyer and w Eugene Kimball were yes
ter,iay elected mem5ers Of the New-York Stock
Exchange
NEW-HAVFN'S ADDITIONAL STOCK-Appli-
cation has been made to the Stock Exchange to list
S. ia 30 additional capital stock Of the New York.
Nev-ri,ven and Hartford Railroad Company
SECURITIES LISTED.-The following securities
have been added the Stock Exchange list:
So 100000 ten year per cent debeuture coupon
bonds OF 1913. of the International Steam Pump
Company. $1.5O0Co0 additional Reading Company
and Philadelphia and Reading Coal and Iron Com
pany general mortgage per cent coupon bonds
of 1891 $2l5OO additional improvement mortgage
Der cent coupon bonds Of 1923 OF the Denver and
Rio Grande Railroad Company. $2Co0to add
tional prior lien mortgage 80 per cent coupon
bonds Of 1925 Of the Baltimore and Ohio Railroad
COMPANY 100000 additional fifty year per
mortgage coupon bonds or l94S Of the Baltimore
and Ohio Railroad Company. 100000 additional first
mortgage per cent coupon bonds Of 1879 OF the
Colorado and Southern Railway Company, and
81 10000 additional Southwestern division first
mortgage Si2 per cent coupon bonds OF 1925 Of tie
Baltimore and Ohio Railroad Company.