New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-29
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
i5co0 shares in the local market. buying balance
Consols IN London were weak going below IS. but
the copper stocks showed fair strength and the
mining issues were steady. The weakness IN Paris
exchange London the only feature OF ex-
change movements abroad Money continu.
steady IN the open market everywhere. and in fair
demand Consols closed at $50. The Bank Of Eng
land raised its buying price FOR bar gold to the
highest figure vet fixed.
MARKET GOSSIP.-The heavy selling Of Steel
5s was traceable without much difficulty to mem
bers Of the bond underwriting syndicate Traders
were anxiousy watching the Standard OIL stocks
the theory that the Rockefellers we're about the
only people who could turn the market. and were
not encouraged by the heavy tone in Missouri
Pacific and St Paul People who are in close
touch with Standard OIL interests are extremely
conservative. and do believe that they are
doing more than protect'ng their own stocks. There
early support from the Morgan brokers
20 the Steel issues but enough to check the
decline. A. A. Housman q Co.'S buying Of Reading
was considered good. It Is said that the stock is
passing into strong hands and there is very little
Of It In the Street. Traders were inclined TO be
lieve that support has been given 10 the Morgan
group OF stocks In order 10 Hquidate a line OF
North American. II IS probab bic tn7t the decision
take s. aboard has caused selling Of
Louisville held by friends OF the latter property.
The weakness In the Rock Island issues
explained. but the selling IN the common and pre-
the same sources. The break In AmaIsamated
Copper was accompanied b. a report that the
L4ewisohn interest had abandoned its attempt
bull the stock. The selling OF General Electric by
John 4. Jacquelin & Co. was considered good.
The conjecture on the floor that the sales had
been made for the purpose Of protecting commit
rnents elsewhere, and PROBABLY IN the fractions.
One Of the most important Southern houses was a
particularly heavy seller OF United States Steel
bonds. New-York Central held well, and was one
Of few " was q 10
shorts.
BALTIMORE AND oHIo-Iaquiry at the Balti-
more and Ohio headquarters develops the fact
that none Of the officials are bearish 50 far as
business is concerned The car distributing depart
ment is receiving almost as many complaints daily
# did year ago, although in some lines sup
Ply Is adequate. The coal trade is not rushns
nor is the demand as strenuous as it was during
the anthracite strike. yet the daily reports show
an increased tonnage from almost all points. The
big operators loading all the cars they
get but some Of the smaller mines, opened when
coal was g. a at the mines. closing down.
which results in Q better supply for the large
operators az smaller cost OF handling for the
railroad company. The general merchandise move
ment is about normal and the operating depart.
meut is kept busy preventing congestion at differ
ert points. The daily movement of loaded cars is
constantly increasing and the gross earnings are
equal 10 the heavy months Of the last year.
BROOKLYN RAPID TRANSIT-The break IN
Brooklyn Rapid Transit cannot be attributed TO
the condition or the company. but is undoubtedly
due o liquidation caused by general market con-
ditions. The earnings since The annual report was
made. on June 80 have increased at average
rate Of about 5000 day For the current month
70 September Is the sross earnings we're So. l53.
compared with S25S75 fer the cores pO1ding pc
Rod last year dn increase OF $50 SIS This is daily
increase Of S5,SZL From July l 10 September Is
the gross earnings were S325011 against S2ss6.,55
in 1872. an increase Of $50, $50.
IOWA CORN NOW SAFE-Damage 70 corn IN
Iowa by recent frosts has turned 10 be small,
according official OF the Chicago Great West
err Railway. The entire crop is now safe. from
the way the officers Of the company lcok at IT..
and there appears 20 be no reason why the present
heavy volume Of traffic should not prevail in
definitely.
TONNAGE AHEAD OF LAST YEAR--BurIlng-
ton Railway officers declare that business is sliIl
al the road can handle, although they can see
signs Of easiness ahead. Since the decline In prices
for grain farmers are not rushing their produce
forward with the same freedom formerly. Prac-
tica.iy all other lines Of traffic keep UP and car
supplies are taxed 10 the Utmost 20 meet the de-
rrands OF shippers. Tonnage in volume is con-
siderably ahead OF last year
GOULD LINES OFFICIALS CHEEEFTL--Offi-
GERS OF the Could lines hopeful Of an Immense
business all winter Merchandise. grain, livestock
and coal are now employing every car the roads
can supply 70 shippers Corn has suffered little