New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-08-16

FOREIGN TRADING.-Foreign houses dealt Tn
90 900 shares the local market. buying heavily on
balance. in the London market prices were strong
for ali securities, with the exception or the Rus
sian government bonds. Tho defeat OF the Rus
slams on the would. It was thought be factor
In bringing the war to speedy end. IheTe was no
change in discount rates at the foreign financial
MARKET GOSsIP-Dick Brothers were credited
with leading the bull campaign in Chesapeake ana
Ohio II is an old favorte Of theirs. and with their
Philadelphia connections they are often We'll IN
formed on movements I'm this stock The HOFFMAN
House crowd with e. H De Witt and Jacob Field
both prominent took active part in the advance
in PENNSYLVANIA. Bulls of the Gould stocks and
particularly Missouri Pacific, derived considerable
comfort from the appearance Of George T. Butter
& Bro as buyers of that stock The buying OF
Union Pacific and Southern Pacific vas largely in
huence4 by the attitude of such houses as j. r.
Davis &. Co. and a. A Housman & Co. who we're
taking stock IN quantity supposedly tor lf0hlo'
connections. II Is considered something more than
n coincidence that r. II. Harrimsn's presence IN
London has been followed by q practically con
tinuous advance IN his stocks. J. a : Norrnser
were big buyers Of Pennsylvania taking the block
OF $50 shares reported on the tape soon aiIeF -
o'clock IL Content sold them 500 shares OF
tbfe II was taken on the floor that Hahlo
Brothers we're short Of the market for their Gus
toners.
DOMESTIC EXCHANGE DECLINING.-Rates OF
exchange ON New-York a. interior cities begin To
York exchange was quoted at ST Louis I'm the last
week OF July AZ 81 c-uts premium per d"". and
several hundred thousand dollars In currency was
sent by ST. Louis banks 20 their New-1oTk CORE
spoudcuts. At the end OF tho second week IN Au-
gust New York exchange at 81. Louis had declined
10 par and cents premium per A,9tm The
premium on New York exchange AT Kansas CITY
In the last week OF July was Is cents: in the sec
ond week OF August it declined TO IS cents The
decline in New-York exchange at Chicago is
week ~ july 70 29a26 cents premium IN the second
week ~ August Bank eTch9nge on New Fk az
az par - cents premium, in tho second week
commercial bills on New-York. that is to saw.
drafts against shipments Of cotton and other mer-
count
CROP DAMAGE EXAGGERATED. Estimates
given by the traaic departments Of trading West
eru railroad systems do uot Indicate that the re-
cent reports concerning crop damage are true.
Officers of the Norfhwesteru say that IS tn %
per cent viii cover tho actual losses ~ wheat 81
Paul officers estimate the damage az Is per cent.
cent An admit rha, M quality Of the grain viii
B.. materially lowered. but they figure the
southwest officers ~ tho Missouri Pacific Rock
aE" O." corn haE" been grossly exaggerated and
that large crop IS promised.
PROPOSED LEAD MERGER. An Official an
uouucement regarding the proposed merger Of the
National Lead company and tho United Lead Com
committee appointed by the directors 81 the
consider the matter will make report a meet
ing ~ the National lead Company directors Co
be held next Thursday. II Is understood that two
members of the committee iu favor Of carry
ing out the proposed merger along the lines sus-
gested hv the dominant interests ia the United
Lead Company.
CINCINNATI BOND AWARD Bids we're
opened AT yesterday for $225.oop Cincinnati
Fire Department per cent thiVty-ycar bonds The
bonds We're awarded 10 HerriCk. Hicks q Colby,
of Newly ork city, at lIt.o3
DETROIT SOUTHERN BOND DEPOSITS. The
time the deposit of the bonds of the arst mort
2 fNRa-g
trolt southern NRailroad Company under the pro-
t"cfiVc agreement was mp yesterday II is under
stood that the time will be extended until sep
tcmber I.
ANOTHER BANKER ON THE BOARD.-The
Bankers Trust Company has added another rep
resentattve banker I" its board by eectlng yester-
day director Walter r. Frew. vice president
of the Corn Exchange Rank. Mr.. Frew 8 eIec-
ton again calls attention the UNIQUE character
~ the board Of the Bankers Trust COMPANY CON
si-tng as it does entirely Ut bankers the majority
of whom have been selected from the active OH
GERS of the leading commercial banks In this CITY