New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses not
active in the local market, dealing in upward Of
1000 shares. selling balance. In London the
general market inactive without important
change in quotations for railway and government
issues. Money market conditions in the foreign
financial centres remained unchanged.
STOCK LOAN QUOTATIONS.-Loan quota
lions were: Amalgamated Copper. Anaconda
American Ice. Erie common. Louisville and
Nashville. Manhattan, Missouri. Pacific. Peo-
pies Gas. Reading first preferred. Rock Island
Southern Railway preferred. Southern Pacific.
Sugar. Tennessee Coal and Iron, United States
Steel common. United States Leather preferred
Wabash preferred SmcIters common Republic
Steel common and Brooklyn Rapid Transit. lax
per cent; Atchson common and preferred. Balti-
moro and Ohio common. Canadian Pacific, Consol-
dated Gas, Delaware and Hudson, Erie first and
second preferred Norfolk and Western Metropoh-
tan Street Railway. St. Paul. Union Pacific COM
mon and preferred and United States Steel pre-
ferred per cent; New York Central. Pennsylva-
MIA. !. per cent: Western Union. Shelters pre-
ferred Republic Steel preferred American Loco
motive preferred. nat.
STOCK MARKET GOSSIP-Reports from the
Kansas wheat fields helped the market, While the
reports from St. Louis regarding the victory Of
Mr. BRYAN over Mr.. Hill failed TO induce Hquida-
ton. Traders. however. did not consider the
throwing out OF the gold plank bull argument
on the market. and short contracts were put OUT
In various directions Reading reached It's high
est prce of the year In the late dealings closing
at Il net gain of over points. There was no news
regarding the stock. but traders thought that the
return OF Mr.. Morgan had something 10 do with
the upward movement. Washington houses were
active buyers OF Union Pacific. Southern Pacific
and Northern Securities. The First National Bank
crowd was buying Reading. Jacob Field ana W.
b. oliver were active in Metropolitan and ANAL
gamated Copper
BANK CIRCULATION AND BONDS.-The Ma
tional City Bank says in its monthly circular:
of national banks. which stands just under
s4J0OO00oo. The increase is mainly the result OF
@ * '0 5 in tn State and CITY bonds deposited
Treasury is DESTROYS that all the State and city
there are now so deposited only $. 6150Oo The
redemptions OF national bank notes continue
81 SIS 37s which compares with S2l 1875 in June
year ago Aih9ogh there is ba, constant tendency
reached point which makes II onerous for banks
per cent bonds at the present ruling quotation
there is profit of over per cent in taking out
probable in spite of the growing burden OF re-
demptions There is at present very little tendency
for that purpose in June being only $222 90. There
base an e2pectaton Of any marked liuctHaton in
the price of government bonds for some time to
come; There is a steady demand for bonds from
new banks organizing. and 50 long as there is a
profit in taking out circulation there will be- prob
ably continued Increase In the circulation taken
out by old banks. That demand is just about equal
to note that there now deposited 20 cir
cuaton or public deposits all but 100000 of the
$Ji2,0DCO0 of outstanding per cent bonds.
WEEKS MOVEMENT OF NIONEY.-The report
ed movements of currency this week Indicate n
gain in cash held by the banks of over 100000
Receipts from the interior exceeded shipments by
over 100000. Receipts OF gold We're $4S0oO
including $SS3,500 New-York Assay Office checks
&6S9.0tO on telegraphic transfers from san Fran
cisco. and 1887. 800 Seattle Assay Office checks
account of Klondike gold. Banks gained on
regular Sub-Treasury operations SS64 800.
GRAIN EXPORTS FOR THE WFEK-'.Rrod-
streets" reports the exports of grain for the week
with comparisons. figures in bushels as follows:
Wheat. flour included. $500 against LIZ $50 last
week. 40 IL this week last year. 44Oil15 in
1902, and 50l6.l29 in 1901; corn 6lSl24 compared
with 536.0S last week. 15250S4 in this week year
ago. 1S5O31 In 1902 and 2.S 73S in 1901
APPLICATION TO INSTRUMENTATION has been
made to the Stock Exchange to list $40 100000 addi
tonal common capital stock of the Wabash Rail-
road Company. The United States Realty and I'm
provement Company has applied to list Sl35o6 900
2O-year convertible debenture bonds of 1924 and
S6.49iOO0 capital stock
STEEL PRICES MAINTAINED.-At the meeting
of the Structural Steel and Steel Plate Pool yes
terday IT decided to reafIrm the existing price
schedule. The Steel Rail Pool decided to maintain
the price OF standard rails at SIS 4 ton