New-York tribune., 1904-09-03
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.--Foreign houses dealt in
5000 shares IN the local market buying bal
ance. In London the general market was dull and
heavy There was no important change in dis
count rates at the foreign financial centres.
MANHATTAN TRANSIT-It is understood that
developments favorably affecting tho Manhattan
Transit Company are pending. Rumors to this
enec: are responsible for revival of interest In
the shares OF the company which traded In on
the curb. The Manhattan Transit Company Is the
successor TO tho General Carriage Company, cap
italized at SO.OooOOO. Persistent buying OF the
stock is understood to represent accumulation by
interests who are becoming the mcst influential
factors in the company.
GRAIN EXPORT DECLINE-"Bradstre
reports the exports Of grain for the week with
comparisons, figures In bushels as follows; Wheat
flour included. 1,sSo6ll. against 1OS.SSs last week
313a asa in this week last year 6276 299 in 1902 and
4+o6oSi in 1901: from July l. 12.464.6S2. contrasted
with 2s2l0l2s last year 43.O53.5ai in 1902 and
5916757o I'm 1901; corn. 7lO5s2 compared with 1854
last week, 1874 in this week year 21,196 in
1902. and 5JOS76 In 1901: July l. 1851 against
9.1sioes In 1908. 1853 in lsO2 and s249S97 In 1901
MOVEMENT OF MONEY.-The reported move
mcnts OF currency this week. as reported by
'SThe Wall Street Journal Indicate a loss OF s.
12I.loo in cash held by the banks. They received
from the interior s49OTo0 and sent to the interior
s50l6.S0o of which there transferred through
the Sub-treasury $4,000 to Chicago. and 100000
to Cincinnati The loss to the interior .itl 100.
Tha total loss the interior Sill 100: by gold
ports, 10000; currency to Cuba. S,15S.00o.
PENNSYLVANIA'S DECREASE IN EARN
INGS.-Pcnnsylvanias July earnings published
yesterday, showed the largest decrease OF any
month this year. gross receipts on the lines east
OF Pittsburg declining s. 514ao as compared with
tho same period year ago. Operating expenses
decreased 81 02SlOo leaving decrease IN net earn
ings of s4sB3O. ON the lines west of Pittsburg
large reduction in operating expenses offset the
decline In gross earnings TO extent that caused
a small increase IN net results.
SOUTHERN PACIFIC PREFERRED STOCK
PRACTICALLY ALI. PAID FOR.--It IS officially
announced that all but trlfng fraction Oess than
a per of the whole ssUe) Of the Southern
Pacific preferred stock has been subscribed for by
the shareholders. and that tine close
OF business Thursday practically the entire
amount OF the first instalment had been paid in.
CONSOLIDATED TOBACCO READJUSTMENT.
1t is reported that the large transactions in the
last few days in Consolidated Tobacco per cent
bonds have teen based a we'll defined plan with
respect 4 rearrar cement Of the stock and bonds
of that company. II cannot he learned whether all
the details have been worked out, but it is said
that tho plan. whole. has been agreed
GENERAL ELECTRIC.-The advance IN Gem
eral Electric stock OF over four points not
accompanied by news developments affecting ths
property. F. w. Savin active factor IN
advancing the stock The amount OF General Elec-
tIic shares available for speculative purposes is
small, and a consequence il IS easy matter
for spectators to manipulate the issue on either
side of the account.
GOLD EXPORTS.-The National Bank OF Com
merce will ship by to-day's steamer S0oOo0 gold
TO the Argentine Republic