New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-09-20
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN IRA DING-Foreigu houses dealt in
upward OF 70 o10 shares IN the local market trans
actions being evenly divided. In the London mar
ket there was no material change I'm general quo
tations. Discount rates at the foreign financial
centres firm. In London it was reported that
Withdrawals Of gold for the account OF New-York
might be looked FOR this fall.
a BANKERS VIEWs-The head OF one % the
most conservative houses in the Street. who has
just returned from trip st. Louis. Chicago and
the Middle West SAYS that the people out there are
making money. but that he is bearish on the tech
nical condition of the stock market. lie was
astonshed to find how much stock was being car
ricd for customers by brokerage houses in the cen
tres ne visited. This has been carried on cheap
money and will in his opinion. come out on any
hardening Of rates or adverse crop news.
THANKS OF CONVENTION DEL .ECSATES-
mpromptu meeting OF the delegates OF the
American Bankers Association. held at West Point
last Saturday. which presided over by Presi-
dent Swinney of the association series OF resoIu-
tons proposed by r J. Wade. president OF the
Mercantile Trust Company. OF ST. Louis and
adopted unanimously thanking c. W. Morse and
officers of the National Bank OF North America for
their entertainment of visiting delegates. reso-
luton OF thanks 10 General A. J. Mills for his kind
ness in having the cadets give dress parade on
that day was also adopted.
UNFAVORABLB CORN EsTIIATE-H. Y.
Jones. Of Watson & Co. says:
The corn crop OF the United States will he c,oee
70 l,90o00oQo0 bushels. tho smallest crop with
one exception. for seven years Careful personal
inspection in big corn producing States 49, o IA.
crop to be Imperfect over the entire are me
cav. I'm States the crop is poor notaIi,, T.,
Missouri and only fair IN most Of the Others
There will be shrinkages of WELD due to imperfect
filing 10 lack of fertilization (which is UhoIt,,
ceptive in simply looking at held and 10 con
siderable damage by worms.
This estimate compares with the eovernne7+s
Indication of 2i9loOoOoo and Shows estimate Of
2.275O0OGoO.
STANDARD ROPE AND TWINE-It is nroh,b,s
that the annual meeting Of the stockholders OF The
Standard Rope and Irvine Company called for to
day at Elizabeth. y. J.. will be adjourned on ac
count of a lack Of quorum. II Is understood that
up 70 this time the management has not secured
enough proxies To constitute a majority renra
sentation of the stock. is not thought likely
that such representation can be obtained for
to-day's meeting
NEW PRESIDENT FOR MANHATTAN rPAN
SIT.-The statement comes from trustwortbv
sources that it is now practically assured thai =
man prominently identified with one of the largest
transportation systems of this city will he elected
to the presidency of the Manhattan Transit Com,
pany AZ meeting of the board OF directors to he
held this week.
NORTHERN SECURITIES BOOKS OPENED
BY action OF the executive committee of the board
of directors of the Northern Securities Companv
taken yesterday the stock transfer books OF thai
company have been reopened Since the books wore
closed the transactions in the stock have arpre
gated considerable volume and it is understood
that the books have been opened for the purpose
of allowing this stock to be transferred
CLOSING TONE HEAvY-At the close Of the
stock market the tone was heavy in spte ~ fair
rallies in places Operations of floor traders to even
mp accounted for most OF the movements in the last
hour or So outside of moderate activity in a few
pool stocks.