New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-10-29
WALL. STREET AND EXCHANGES.


upward of COO shares. mostly purchases. In Lon
don and IN all the foreign markets securities were
stronger under the influence of the passing OF the
Anglo-Russian crisis. Foreign discounts were firm
The Bank Of Germany took large amount OF gold
from London.
GREEN BAY AND wESTERN--G Green Bay and
Western debenture A and bonds developed de-
cided activity in yesterdays market. the As ad-
vancng IL per cent and the Be Ia There Is
large difference in price between the two classes OF
bonds and It is believed that the BIS Will reach
materially higher level inasnuch they are be-
ing absorbed by interests who are buying them on
information regarding their future intrinsic value
1t is understood that the Green Bay and Western
will be taken by the same interests that propose TO
take over the Chicago Great Western The terri
tory covered by the Green Bay will be valuable to
any road that secures control Of the Chicago Great
Western and It is interesting to note that people
identified with the last named company have at
various times endeavored 10 become the dominant
interests in the Green Bay property. Both roads
occupy a position stTategicaly strong. from the
railroad point of view and they could both be used
by the Union Pacific the ST. Paul and Rock Island
The Chicago Great Western has been Of the
worst offenders in the matter OF cutting rates OF
any road in the West and it is only matter Of
time. probably very short time, when the prop
erty will be taken over by larger company. The
tendency at present. and it is tendency which will
continue for a long time. is the absorption Of
smaller roads by bigger companies, the result Of
which naturally increases the intrinsic value OF the
little companies.
STRIKING GAINS IN THE 800" STOCKS
Great strength in the Minneapolis. st. Paul and
Sault Ste. Marie was striking feature in yester-
days stock market The common stock advanced 5
points g. and the preferred 6i2 II 1881 Active
buying of these issues recorded for the account
of Canadian and Minneapolis interests. the same
people being actively engaged in buying Canadian
Pacific shares. The demand for the 500 stocks
is based on the known value OF the issues and on
the increased earnings which the company VIII re-
ceive through the opening of it's Winnipeg extension
which takes place to-day. and through other extern
sions which are now being planned. There is little
this stock available for market purposes the
jority being held by the Canadian Pacific and in
dvidual investors and as a consequence it is i'm
possible for stock market manipulators TO bring
about lower prices for the issue There IS no stock
to throw the market. while the least demand
causes sharp advance II is understood that some
traders have been courageous enough to go short
OF the 500" stocks and Canadian Pacific but II
the course of these issues in the future follows the
movement Of the last few weeks the losses to the
bears Will be heavy.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amagamated Copper. Brooklyn Rapid
Transit Erie common, Peoples Gas. Reading first
preferred. Rock Island common Southern Pacific,
United States Steel common and preferred and
United States Leather preferred. per cent Atchi-
son common, I1ul per cent; Atchson preferred,
Norfolk and Western, 1i44134 per cent; Baltimore
and Ohio common. Canadian Pacific, Consolidated
Gas, Delaware and Hudson. Metropolitan Street
Railway. Pennsylvania. Union Pacific common and
preferred and Metropolitan Securities ia per cent
Erie first and second preferred. Louisville and
Nashville. Missouri Pacific. Sugar Refining and
Tennessee Coal and Iron, 1&4G2 per cent: NewYorIc
Central. Rock Island preferred. St. Paul Ontario
and Western IL per cent; Western Union. ga fiat;
Wabash preferred per cent.
TO STOP PRINTING ODD LOTS-The commit
tee of arrangements of the New-York Stock Ex-
change announces that the printing Of odd lots on
the stock tckers will be discontinued until further
notice.
LONDON STOCK EXCHANGE LIsTINGs-
The London Stock Exchange has ordered Erie Rail-
road Company Sl.OOO0OO additional general lien (
per cent gold bonds of 1896 quoted official list
MOVEMENT OF MONEY.-The reported move
ments OF currency in the week indicate only a
small loss TO the local banks. the excess PAYMENTS
to the Sub-Treasury being offset by unexpectedly
large receipts OF money from the interior
GRAIN EXPORTS FOR THE WEEK-nBrad
streets reports the exports OF grain for the week
with comparisons figures in bushels as follows.
Wheat flour included 14796l3. against 1856 1852 last
week 4094s3 in this week last year. 1897 $40 in 1902
and SS12SSS in 1901 from July l. 22.45 l96l. con.
trasted with 53s0 SIT year Sos24s7 in 1902 and
1O22OSSH in 1901; corn, 449l5 compared with 1877 SOS
last week, l,3922l4 in this week year ago 153 e05
In 1892 and 6o6.l59 in 1901 from July / 10. sos
against ls4276O in 1903 L73lS5l In 1902 and l5asI2
IN 1891.
'4i4A'O<AO E|O4FMENI.-The following
companies nave ordered cars from the American
Car and Foundry Company: The Minneapolis St
Paul and Sault Ste. Marie Railway Company 1000
box cars and 200 fat cars: the Hooking Valley
Railway company, 800 additional box cars: the To-
ledo ST. Louis and Western Railroad Company. 90
cabooses LOT November delivery: miscellaneous
parties. 100 cars OF various types. The Nev-YorIx
Central and Hudson River Railroad Connanv has
increased its order for coal and box cars from
1900 to 1000 EACH the orders will be equally divided
between the American Car and Foundry Comnanv
and Western Steel Car and Foundry Company. The