New-York tribune., 1904-09-17
400 Total sales.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
10000 shares in the local market. buying on balance
In London securities generally firm. especial
strength being shown by the Japanese Government
issues Russian bonds were heavy. There was no
material change in foreign discount rates.
INTERNATIONAL STEAM PUMP.-Aithoush
earnings and new orders Of the International Steam
Pump Company have been satisfactory. the direct
decided at their meeting on Thursday to reduce
the dividend on the common stock to 4 Of l per
cent for the quarter II Is understood that when
the company's new plant at Harrison. n. J., goes
into full operation the dividend will be restored to
the per cent quarterly basis. The new plant VIII
enable the company to effect number Of impor-
tant economies which have not been possible at the
Brooklyn plant owing to the latter's crowded con-
dition and lack Of capacity. The fact that the
company has been able 10 make large contracts for
coal coke and iron a prices we'll under those pre-
vailng last year will he important factor in
the financial results of the next twelve months
MOVEMENT OF MONEY-The known move
meht OF money in the week indicates a loss Of up
ward of S. $4,000 in cash held by the banks. The
loss on interior operations. including the amount
transferred to the Sub-Treasury. was 50. ISL 800
The total loss TO the interior by gold exports TO
South America and Sub-TreasUry operations
was s. eO1. GO DeductnE the gain due to receipts
OF new gold OF sl.16s.So0 leaves a net loss OF
&C. S32. 500
BROOKLYN RAPID TRANSIT.-The afternoon
move in "B. r. T." part of strong bun point
on the convertible bonds. There IS decidedly bet
ter market for these. and the bond houses say
that so long as the "B. r. IT, control does not
overdo the issue OF them they ought 20 be able 10
borrow on reasonable terms for indefinite time
TO
COLORADO FUEL AND IRON-The marking
up OF Colorado Fuel was merely a further evidence
OF the extremely narrow character OF the market
for that stock. The people who hold the minority
stock speculatively dare not let 1t and seem to
be trusting to the creation OF short interest
on the financing necessities OF the company.
LAST HOUR FEATURE-In the last hour the
Kuhn-Ioeb brokers In the market. and a rally un-
der the lead OF the Pennsylvania group OF Southern
Pacific and Union Pacific and other issues OF the
same class. Traders who sold early for the most
part covered shorts at a loss before going home
GRAIN EXPORTS DECREASE-"Bra Bradstreets''
reports the exports OF wheat for the week at
935 sS4 bushels. against 1.s96s2l last week and
lSO9OS3 last year. Since July ]. 15SS6.1l7 bushels
against Sc I6465l last year. Corn. 42S15s bushels
against 476.23l last week. and 5s7.l67 last year.
Since July 61I9210 bushels. against 10 $685. OF last
year.
AMALGAMATED COPPER DIVIDEND.-"The
Wall Street summary says:
Rumors have recently been current in the Street
suggesting the proha bllty of increase in the
rate of dividend ON Amalgamated Copper. which, in
the ordinary course will be acted upon about a
month hence. There IS very good Information that
the disbursement will not be increased.
APPLICATION TO LIsT.-Application has been
made to the Stock Exchange by the Minneapolis
St Paul and Sault Ste. Marie Railway Company
10 list 81 10000 additional first consolidated mort
gage per cent bonds OF 1895