New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-07
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
10000 shares in the local market, selling balance.
In the London market the general tone was heavy.
Discount rates easy in London, and there
expectation of advance in the fut-
ure.
THE COST OF LIVING.-Dun's Index Number
of commodity prices proportional to per capita
sumption. $0O554 on December l. compared
with $50 49, a month previous and s22S year ago.
The advance Of about per cent during November
was largely due higher prices for eggs and
dairy products although there several small
gains in other departments. notably clothing and
metals. Breadstuffs declined somewhat reaching
the lowest point since February. but restricted
supplies Of wheat still keep the level considerably
above normal. a loss of a fun cent a pound in
cotton more than offset by similar rise in
wool, and continued strength III hides, leather and
other products embraced by the clothing class. Re
vval OF demand for iron and see! advanced metals,
supplemented by higher tin, copper and other minor
articles in that class. Commodities prices have
risen steadily since midsummer. which is season
able result weather conditions accounting for the
smaller supply Of eggs and milk. The articles used
in structural work OF all kinds reflect the
paHding demand confidence in the future brings
out postponed contracts. In almost every respect
the price fluctuations last month We're natural,
and consequently Indicate a wholesome trade situa-
ticn.
OFFER TO BONDHOLDFRS.-The St. Louis
Iron Mountain and Southern Railway Company in
Little Rock and Fort Smith Railway Company
that the principal and interest of those bonds. ma
turing on January l, 1865 will he paid maturity
on presentation OF the bonds and coupons at the
Office of the Mercantile Trust Company. of New
York. Referring to this notice Kuhn Loeb & Co
offer to the holders Of the bonds, deliver in cx-
change for them unfyng and refunding mortgage
per cent gold bonds of the St Louis. Iron Noun
tain ana Southern Railway Company due on July
!, lSZ', with the coupons due January / 1905. at
change so 20 a bond in cash To take advantage
of this offer bonds must be presented on or before
December 10, 1894 The bonds which the bankers
offer exchange dollar for dollar for the Little
Rock ana Fort Smith Railway bonds are issued
to provide for the maturing bonds and holders Of
the latter are advised that the necessary steps will
be taken extend the lien of the unifytnc and re-
funding mortsage over the property of the Little
Rock and Fort Smith Railway Companv a. a tirss
lien on the same.
UNITED STATES STEEL-It is renortcd thar
the United States Steel Corporation has declined
to join the international steel pool. which was
formed for the purpose of apportionng the export
rail trade of the world among the chief rail pro-
ducers. believed that the domestic railroads
win order stce! rails for next years delivery So
nearly to the extent Of the output OF the rail mills
That the export trade IN rails for will fall 10
such small proportions that agreement with
the foreign pool would to nothing
PIG IRON CERTIFICATES MARKET-Pie iron
certificates at the New-York Produce Exchange
yesterday were irregular. near positions showing
declines. while late months were steady and I'M
changed. The sales included 20 tons of January m
S7. 100 tons of May ST. a5 and 100 tons Of NAV
az 81 90 Prices the call December S17Fr
ST. 05: January SIG 75p$l7; February $I7 050ISI7 %
March Sl7 05a$7 - April SIT l00$l7 40; May ST 3)l
ST u; July. $7 3oua7 80 Before the second call
$50 tons Of January sold at SIG go on the
call sales of 2J1 tons OF April at $i7u$l7 o. and
OF 100 tons OF May ar ST. % Prices on the can fol
low December $l7QSi7 30; January. $l6 s5nsl7 90;
February SIG S5I$l7 10; March, Sic SASH Is; April
S695Cx7 Co; May $7 20QSl7 %: July. ST 3OQsl7 40
AFTERNOON BREAK.-It thought in
some quarters that the afternoon break was the
TT suit of Il combined attack on John w Gates II nj
his following Traders seem to think that he is
carrying good deal of Reading Louisville and
Southern Railway. ana has a larger following than
he can take care Of Western Wire houses ra-