New-York tribune., 1904-09-15
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOR EICN TRADING-Foreign houses were ac-
tive buyers in the local market. taking balance
securities generally firm. Foreign discount
rates exhibited a stronger tendency. Berlin ex-
change London again lower.
GULF AND SHIP ISLAND RAILROAD.-In Au-
gust vessels clearing from the Gulfport pier car
red about 10000 feet Of lumber Three Of the
largest shipments amounted to 100000 feet.
With the exception of March. the shipments in
August the heaviest since the piers at Gulf
port were erected. Exports Of lumber for the first
eight months OF tho calendar year amounted to
l75 400 feet. compared with 620OooOo feet
during the same period Of the previous year. Mis-
celaneous shipments included o6OO barrels of rosin
and $4,000 gallons Of turpentine. Among the I'M
ports was consignment Of $500 tons Of iron
pyrites.
REPUBLIC STEEL. BOND IssUE.-The report
that tho Republic Iron and Steel Company intends
to make a bond issue to take UP the floating in
debtedness and provide the company with increased
working capital could not be confirmed In this city
yesterday. According 10 the rumors current. the
bond Will be In the neghborhood OF slOeo.oo.
George r. Sheldon and John W. Gates the only
New-Yo directors of the company. both declined
to discuss the matter yesterday. saying that any
information it should come from headquarters
Chicago, The floating debt of the company is
reported 10 amount to about 100000
UNITED STATES STEEL PREFER ED The
advance in United States Steel preferred ac-
companied by n report that there would be fur
thor conversion of the preferred stocks into bonds
This report not seriously considered in we'll in
formed quarters Heavy buying Of the stock
reported for Western. shorts.
HEAVY ORDERS FOR RAILS.-It was an
nouuced in Pittsburg yesterday that the Hartman
lines had placed orders for nearly 10000 tons OF
steel rails at the pool price of SOS ton The
greater part of the order placed with the
United States Steel Corporation This is the
largest order that has been given for many months
a nd a he of
the railroads that there will be reduction in
the pool price FOR rails.
MOVEMENT OF MONEY.-The local Sub-Treas-
ury received yesterday ssOOOoO for the account OF
New-York banks by telegraphic transfer from San
Francisco. Shipments through the Sub-Treasury
TO New-Orleans amounted TO 100000.
BUYERS OF PENNSYLVANIA.-Th heaviest
buying orders In PENNSYLVANIA came from Wasser-
man Brothers A. A Housman & Co. Marshall
spader & co. and G. q. Gates & 60. Philadelphia
took large amount of the stock.
STOCK EXCHANGE SEATS HIGHER.-A Stock
Exchange seat has just been sold for SIS Oo0 an
increase of 5000 over the last preceding sale.
SPEYER co. BUY BONDS-An offer nv
Speycr & 60. for the purchase of s6OOOOOO Vera
cruz and Pacific Railway Az per cent bonds AT
ssh has heen accepted by the receiver of the Mary
land Trust Company This will result In pay-
ment to the creditors of the trust company Of \
dividend of from so 10 10 per cent
To LIST ROCK ISLAND IN LONDON.-Tt ts re-
ported that Rock Island stocks will be admitted 10
official quotation the London Stock Exchange
EQUITABLE TRUST DIVIDEND.-The tr,is
tees OF the Equitable Trust Company of New
York, have declared the regklar quarterly divi-
dend Of 2ls per cent on the ltal stock, payable
September 30
ROCK ISLAND BONDS 'OFFERED-N W
Harris & Co are Offering to investors $1,000 Ooo
Chicago Rock Island and Pacific Railway general
mortsage per cent bonds. due January l, 1888.
UNITED STATES TITLE GUARANTY DIv1-
DEND-At a regular meeting of the board Of d.
rectors OF the United States Title Guaranty and
Indemnity Company, Nos. 16O-l62 Broadway New
York Il dividend of liz per cent was declared yes
terday. payable October l. this being the third
quarterly disbursement of profits. This corpora
ton succeeded the Long Island Title Guaranty
Company, of Brooklyn, and the Peoples Title
Guaranty and Indemnity Company. of Manhattan
less than two years ago. and is now operating
branches in New-York City Brooklyn. Troy White
Plains Jamaica and fremont