New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-03
WALL STREET AND EXCHANGES.

FORETGN TRADTNG-Forelgn houses sold $1,000
shares on balance in the local market. In London
securities irregular. but there was no ndica-
ton Of uneasiness in the market over the Anglo
Russian situation. London discounts were frac-
tionaIly lower while Berlin rates were fractonalIy
higher Both in Berlin and Paris exchange on
London stronger.
CHICAGO GREAT Observation-Disclosures con-
tinue of the accumulation of Chicago Great west
ern stock On reactions in the market there is rree
buying while on the bulges about the only selling
is by traders to take profits. The absorption OF
Chicago Great Western has gone steadily
that Wall Street is convinced that control OF the
property is sought by of the larger so-called
granger lines. This idea seems 10 find confirmation
in the fact that the stock has been picked up In
the London market well as the New-York mar
ket The English interest in the road is large
DIIN'S INDEX NUMBER--Duns Index Num-
Der Of commodity prices proporttoned to con-
sumption was S99 49, November l. against 1854
month earlier. and $97.SS5 year ago: The adj
vance Of only about per cent In October was sur
prisingy small considering the numerous happen
ines calculated to enhance quotations. Five of the
seven groups showed more or less advance. meats
and miscellaneous food products alone declining
Breadstuffs do not exhibit the sharp rise that the
variations OF wheat would seem to warrant, which
IS due to the reaction late in October. as these
figures are compiled for the first OF the month
Dairy and garden products reflect the advancing
season, lower temperature curtailing the supply OF
milk butter and vegetables. These changes in art-
the gains in the last three classes Indicate the
better demand for manufactured products. testify
ing Enthusiastically to Improvement in business.
Textile products and TO- Lwear go more freely into
consumption. the materials of these industries
being strengthened by dwindling stocks. and the
long dormant steel industry has reused from its
lethargy, buyers being compelled to make con-
cessions instead OF the mills.
TO INCREASE THE 800" DIvIDEND-An
interest identified with the Minneapolis ST. Paul
aa{d nat At rha
next dividend period the directors would increase
the dividend the common stock unless
expected adverse change should take place in the
character of the company's earnings. There Is
little chance OF this, the country tributary to
the company's lines has raised good crops this year.
while its general industries are improving. In yes
terday's market the common stock advanced /
points and the preferred points. The preferred
stock has a prior right to per cent. which is now
being paid and when the common gees TO a { per
cent basis the two share pro rata. The common
now pays per cent, and 1t is reported that the
rate will be raised to or per cent in January.
MOVEMENT OF MONEY.-The local banks
transferred to the Sub-Treasury yesterday $1,000 900
to New-OrIeans and received from San Francisco
$278 COO According to the known movement Of
money so far this week tO-days estimate OF the
loss in cash holdings Will doubtless show decline
of upward 100000. unless there has been large
movement of currency from the West TO the local
banks.
GOLD ExPORTS.-The National City Bank has
engaged 100000 in gold coin for shipment to
Cuba tomorrow. This amount represents payments
In connection with the recent Cuban loan Includ-
ing the Cuban shipment total engagements up TO
the close OF business yesterday amounted to So
25OOOO
JAMES SPEYER RETURNING.-Jame Speyer.
of Speyer & Co. who foated the recent $4,000 600
gold loan for Mexico. left Mexico City for New
York Tuesday. All the details Of the loan have
been arranged with Finance Minister Amantour.
INCREASED OUTPUT OF sTEEL-A director
OF the United States Steel Corporation is quoted
as saying that the concerns output is at the
rate Of 900 tons day. The capacity of the plants
! is $4,000 tons a day.
APPLICATION TO LIST.-Application has been
made by the Colorado and Southern Railway TO
list $4,000 additional first mortgage per cent
bonds OF 1929
HEAVY BANK CL4EARINGS.-Bank clearings in
New-York yesterday amounted 10 s4Os0T7sS4. in
crease the same day year ago OF s02 sS6 164.