New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-09-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses bought
1000 shares in the local market In London British
consols and Japanese government bonds were
strong. while home rails were firm Discount rates
lower
MARKET GOSSIP-AIost OF the current rumors
in Wall Street yesterday bullish in character.
and the chief buyers appeared to be the same
active Western interests who were conspicuous at
this time two years ago. John W. Gates was
thought to be behind the movement IN Missouri
Pacific. while It was evident from his published
remarks that he may be bull the general
market. especially the Steel stocks. Wall Street
spectators often talk way and trade another.
Early weakness in Metropolitan Securities
followed by rally in the afternoon on buying
by T. A. Mcintyre & Co. and Wrenn Brothers.
The late selling Of Steel preferred was con-
sidered good. Chicago houses were active buy
ers OF Peoples Gas. Pittsburg houses sold Steel
on the advance. but the offerings were easily alb
sorbed. According the statements OF the lead
ing commission houses in the Street the demand
FOR stocks for the ordinary public was extremely
limited
PANHANDLE BONDS sOLD-It was officially
announced yesterday that all OF the $4,000 Pitts
burg. Cincinnati. Chicago and St Louis 4 per cent
bonds. recently purchased by Speyer & Co. and
Kuhn. Loeb & Co. had been disposed OF TO in
vestors
NETWORK DOCK COMPANYs REPORT
Gross earnings Of the New-York Dock Company
for the last fiscal year show decrease OF $l5I1
and increase IN net earnings OF S140O. The bal
after fixed charges, amounted 20 $tOt 1S5 and
the surplus, after per cent dividend the pre-
ferred stock deductions on account of depreciation
account ard discount on bonds sold amounted 20
NH253 a decrease Of S25.792 The condensed bal
ance sheet shows cash in bank to the amount OF
S2ss 472 and accounts receivable S2OS6 Total as
sets OF the company amount to SSO.734761. in
crease OF SeS. SIS.
STERLING EXCHANGE ADVANCES Sterling
exchange rates were strong in yesterdays market.
advancing 20 points making a gain Of u cent in
the last two days. The demand for remittance
active. but bankers did not believe that the
strength of the market would hold for any length
OF time
ATCHIsON's AUGUST EARNINGS.-Gross
earnings OF the Atchlson system for August showed
a decline OF Sl50S9S from the same time in 1893.
Net earnings decreased S279 499 making a decrease
the first two months OF the fiscal year OF $ SIG
COLORADO AND SOUTHERN'S EARNINGS
Gross earnings OF the Colorado and Southern for
the third week in September show a falling off from
the period a year ago OF $.O54 making loss
from July OF S5s.7OS.
SOUTHERN RAILWAYS HEAVY EARNINGS.
For the third week in September gross earnings
OF the Southern Railway amounted To $g7222 an
increase Of $ss.6s1 as compared with the week
last year. From July l gross earnings have in
creased S674 3S7.
MOVEMENT OF MONEY-The Sub-Treasurv
transferred for local banks 10000 to Chicago and
$4,000 to New-Orleans. The banks have lost on
their operations with the Sub-Treasury since last
Friday night over $,2S4OOO.
APPLICATION TO DISQUALIFICATION has been
made to the Stock Exchange by the Atchison
Topeka and Santa Fe Railroad Company 70 list
$4,000 additional Eastern Oklahoma division first
mortgage per cent bonds OF 1923.
INTERNATIONAL. PAPER.-The International
Paper Company is now turning out the largest ont
put in its history at the best prices obtained In
several years.
OFFER ACCEPTED.-Holders OF about so per
cent OF the outstanding Connecticut Railway and
lighting Company first and refunding AZ per cent
bonds have accepted the offer OF the United Gas
Improvement Company 20 guarantee the interest
on the bonds Under the terms Of the offer tho
Colonial Trust Company will continue to receive
bonds for the Endorsement OF the guarantee there
on until October l.
NATIONAL BANK observation-disclosures mazda
to the Controller Of the Currency by national
banks in the United States showing conditions M
the close OF business on September o. exhibit an
increase In loans and discounts over the same
period a year ago of s244 7Oi.647 an Increase In
cash holdings Of $l015O5O3 Increase In deposits
due to other banks of 1854. an Increase IN
deposits due trust companies and savings banks
OF a7S.69S6z1, and an Increase in individual de-
posts OF 1901 $50 169 In the last ten years loans
have risen from 81 9S1 S74273 to $726 ISL Az deposits
from A.72S,i1Sd9 to $S45S,a666S. and cash from
1916 4S2l2 to 1861 $3.50 All three items are larger
than ever before in tho history of the banks Of
this country.