New-York tribune., 1904-10-20
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
upward of 5000 shares in the local market of which
10000 shares were purchases. In the London mar
ket prices for securities IN general firm whlo
sentiment according TO cable dispatches. was more
optimistic over the outlook for easier money and
for better quotations for stocks. There no ma
terial change in discount rates.
SUCCESS OF THE MEXICAN LOAN-A re-
markably heavy demand reported yesterday
for the $40 100000 Mexican gold loan. which an
American syndicate. headed by Speyer & Co. is
floating for the Mexican government The inquiry
for the bonds from individual investors, as
well from large financial institutions and other
corporations in this city and in the West. and a
large part Of the issue has already been disposed
of, the selling price being 931z and interest The
Mutual and Equitable Life companies have each
purchased several millions OF the bonds. The
rapid progress of the Mexican Republic in in
dustriaI activity in the last few years and the
governments long record of stability have attract
ed large amount of American capital to Mexico
and it is therefore easy to see why there IS such
an active demand for participation IN the republics
lean
CRUCIBLE STEEL REPORT-The Crucihle
Steel Company Of America reports for the fiscal
year ended August 81 last net earnings Of $4Ss 100
after charging off 500 53 for doubtful and disputed
accounts receivable $685. $40 for depreciation I'm
inventories, $76l 1873 The net earnings for
the previous year were $1.5225JO. The profit and
loss account shows: Debit-Consumers' Heating
Company $S494; fire loss in Baltimore S2721: sun
dIy losses, AN4d, NialfJOn steel Company g. 1876
Canton Steel Company stock. $4,000; total $l2S2
424 Credit-Surpus August 81 1903. 81 SIS 692: earn
inss for the ended August 81 1904 S4sS 160; loss
Oo balance debit, S2155652: total 81 24S4 At the
annual meeting of the stockholders yesterday 7 2
Il on was elected TO succeed W. r. Snyder on tho
board of directors. and James r. Park John A
Sutton Alexander Thomas and Julius Bieher were
reelected.
REPUBLIC IRON AND sTEEL-on September
~ the available quick assets the Republic Iron
and Steel Company exceeded 81 5O0OD0 The pro-
ceeds of the two and three year ; per cont notes
already subscribed provide funds sufficient to take
Up the floating Indebtedness Of the company Wbich
the date named was 81 305 900 3s also annie
additional working capital to take care OF present
requirements, The balance up to $1,000 900 VIII 10
sold needed at the Bessemer steel plant for a
sheet and tin bar mill and for rail mill These
extensions. well tho increase of coke clpacit,-
In the Connellsville district. provide the com
pany's own necessities have all been authorized
by the board of directors The additional finishing
capacity al the steel plant Will provide for full
operation of Northern blast furnaces. as well MS
economical operation for ore and coal lnine.
under the average conditions of business which has
heretofore not been the case. The physical cordi-
tion Of all of the properties first class The oil
production in tho Indiana field has already become
an important factor, and shows promise, with
further Development of substantial increase.
Tho company has felt the general Improvement IN
the iron and steel industry. and has now sufH-
cent business booked 10 insure fun operation for
tho rest of this year and with good prospects for
the coming year c. +. Guthrie elected a di-
rector to succeed f. n. Ohl and the other retiring
directors We're reelected az yesterdays annual
meeting
STANDARD MILLING COMPANY'S ANNUAL
REPORT-The Standard Milling Company. Of New
York. reports for the fiscal year ended August
81 net earnings OF s91f34 as against s2O20s the
preceding year The profit and loss surplus
August 81 last slSl7ISi as against S5S7. .45 IN
the preceding year
APPLICATION TO LIST.-The Reading Company
has applied to the NewYorl Stock Exchange list
SSV00n non-cumulative per cent first preferred
stock. %42O0O.OOO non-cumulative per second
preferred stock and $4,000 900 common stock. The
Wabash Railroad Company has applied To list
$500 additional first lien ffty-year per cent
terminal mortgage bonds OF 1864 The Reading
Companys application represents the regular stock
certificates which take the place OF the voting
trust certificates
INTERNATIONAL PUALP.-Internaronal Steam
Pump oeIznon stoCle continues 10 bs absozoed IN