New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-08
WALL STREET AND EXCHANGES.

FOREIGN TRADINCi-Foreien houses dealt In
2oCC9 shares in the local market, buying on bal
auce. In London consols were weak at the open
Ing at a decline of 4. per cent. hut recovered a
Der cent Of this before o'clock. to SIS There was
no feature in money or exchange on the Continent
but money was a trife harder In London
LOUISIANA AND ARKANSAS RAILWAN--In
connection with tho announcement that the Frisco
has completed its st. Louis, san Francisco and
New-Orleaus line 70 a connection with the Lousi-
ana and Arkansas Railway at Hope. Ark. 1t may
be stated that the most friendly relations exist be
tween the two properties. and that arrangements
have been made FOR Interchange of business
which viii he OF great advantage TO both roads
The completion OF this connection gives 70 the
Louisiana and Arkansas four independent outlets
to the North and West Tor the Immense tonnage
which II originates. viz: Frisco. the cotton belt
the Iron Mountain and the Queen and Crescent
systems This fact assures II not only fair d.
vision o. rates. but what is also OF great impor-
tauce an ample supply Of cars The value OF the
Louisiana and Arkansas road TO Its connections
ma, be Inferred from the fact that those owning
the stock I'm the railroad own or control In the
ueighborhood O: oo oooooo feet OF standing timber
all OF whit n " / afford tonnage TO lis road and
connections
AMERICAN CAR AND TOUNDRY.-The Ameri-
can Car and Foundry stocks were strong features
la Yesterdays market. the preferred rising -
points and the common Il point The reduction In
tho dividend the common was favoraely inter
pretcd and created investment demand for the
preferred This issue Is distributed among IN
vcstors and. as n consequence. there IS little OK
the stock available for market purposes The com
pany enters the new year adding sl5oooo0 70 its
surplus The demand for passenger coaches is
heavier than ever before recorded, due IN part TO
tho destruction Of equipment IN tho many railroad
accidents OF the last year, 70 the increase IN
passenger traffic and the preparation OF the
railroads to handle the heavy travel that Is ex-
pected this year account Of tho st. Louis Fair.
COFFEE EXCHANGE ANNUAL MEETING
The annual meeting o; the New-Tork Coffee Ex-
change was held yesterday afternoon The report
Of the treasurer showed that the building account
had been credited with receipts Of $2i579 81 net
rentals while the expenses building account had
been SlS4al 80. thus leaving balance OF &.ltS o5.
REDUCING ANTHRACITE sTOCKs-The re-
cent cold snap. together with the restriction OF
thracitc production from December % to January
i. has enabled the hard coal producing and carry
ing companies 10 distribute about ouC-haIf OF the
considerable agSrcsate amount Of anthracite coal
that had previously been oyer-accumuiated and
stored at various points. in
MOVEMENT OF MONFY,-The large debit b.
the Sub-Trcasury at the Clearing House yesterday
morning 1So.551-refocts the payment of govern
ment interest due on January l. and Disbursements
on Assay Office checks for deposits Of recently i'm
E"5TisSa sold, The the H4nkS saime4 :, on Sc ,aneSGaE
compa'es with 4 gain hy the banks UP 10 the close
OF business on Wcdnc sday by $Io6."io
APPLICATION TO LIST-App!iyatiou has been
mod to the Stock Exchange 10 list $lc'Ioeo add
t|nai general raG1r'sIEe per ee45 bonds OF l5SS
Company; also Southern halfway Company >-..f.-
Gonds OF 95 " 7 'o'7'''' MOT sage per cent
BOND OFFERING CLOsED.-Kuhn Loeb & 60.
phia. Baltimore and Washington FIRST mortgage"
S!'oc3oeo having been sold.
ELECTED \ MEMBER.-H. Y. d. Moore. OF
Morse & Moore. No, 80 WaIl-st. was elected
new firm succeeds Morse & Knox
sULLY IN THE STOCK EXCHANGED, ].
olbcrR ON tho sdc Exc , AMI the ' seat
81 ~. Morrison, or Baltimore Is now posted tor