New-York tribune., 1904-08-05
WALL STREET AND EXCHANGES

FOhEIGN TRADING.-Transactions IN the local
market for foreign account amounted to upward of
1900 shares. evenly distributed between sales and
purchases In London there was a sharp decline in
British consos. but in the general market price
changes were unimportant Discount rates were
slightly frmer In Paris exchange on London
was higher. while the Berlin rate was unchanged.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamated Copper. Anaconda American
Ice. Brooklyn Rapid Transit Erie common. Mis-
souri, Pacific. PEOPLES Cas- Reading first pre-
ferred. Rock Island. Southern Railway pre-
ferred. Southern Pacific. Sugar United States
Steel common United States Leather preferred.
Wabash preferred. Smelters common. Republic
Steel common. per cent; Atchison common and
preferred. Baltimore and Ohio common, Canadian
Pacific Consolidated Gas. Delaware and Hudson.
Erie first and second preferred, Louisville and
Nashville. Manhattan Norfolk and Western. Net
ropolitan Street Railway. Tennessee Coal and Iron.
Union Pacific common and preferred. &d1 per cent;
New-York Central, Pennsylvania. St Paul. 3z7%
per cent; United States Steel preferred per cent;
Western Union. Smeters preferred Republic Steel
preferred. American Locomotive preferred. fiat
DUN'S CROP REPORT.-"Dun's' weekly crop
report says that agricultural results are more
nearly assured large quantities OF grain. cotton
and other farm products having been removed
from danger during the last week Weather con-
ditions were more satisfactory than average. not
only for harvesting the crops that were ripe, but
also for the rapid growth and approach to ma
turity OF crops that retarded by unfavorahle
thrashing returns from winter wheat States do not
indorse preceding statements OF extensive injury,
and while the actual loss Will probably amount 20
large tonnage IT is by no means as disastrous
as indicated BY extreme statements Neither
are the most gloomy dispatches from the Northwest
receiving corroboratIon latest reports suggesting
that loss from rust viii be confined TO COM
paratively narrow section OF the spring wheat
territory Corn IS advancing rapidly. and the
consensus OF opinion points a Weld close 10 the
aTI- YvvF.rr and
even the tardy fields are making up lost time A
considerable part Of the crop is harvested. and
thrashng progresses rapidly The yield IS in splen
did condition. and most of the crop is beyond dan
ger Even more encouraging are the dispatches
from Southern plantations concerning cotton. The
weather is very favorable. picking will begin early
throughout the entire belt. and thus far there il
less than usual complaint of insect damage little
shedding because of rain Is not alarming the loss
being less than normal
NORTHERN SECURITIES DIVGDEND-It was
stated in Wall Street yesterday that the directors
OF the Northern Securities Company have decided
not work n plan for the payment OF divi-
deuds pending a final court decision in the North
ern Securities litigation. II is not thought likely
that present action will be compromised out Of
court.
JAPAN ISSUES TREASURY BILLs.-The Jap
anese Consul General AT New-York has been ad-
vised that the Japanese government has issued
treasury bills 10 the of 10 o0O000 yen, and
OF the government These bills viii he sold in
japan.
CANADIAN PACIFICS GAIN-Canadian Pacific
for the fourth week in July shows increase In
gross earnings of $4,000. making the total increase
for the month $4,000. General conditions along
the Canadian Pacihc's lines prosperous, and
the officers Of the company are looking forward
to heavy traffic receipts throughout the year.
NEW STOCK EXCHANGE MEMBER.-Henry
Irwin jr.. of Irwin & Co. has been elected
member of the New-York Stock Exchange
ST. PAULS JUNE Observation-Disclosures of the
Chicago Milwaukee, and St. Paul for June show u
decrease in gross OF S1S4 725. but owing to large
decrease in operating expenses, net earnings
joyed gain of .s44 making for the fiscal year
d gain of $3S9ls2.
BROKERA,rE OFFICE IN HAVANA--The first
brokerage office In Havana having direct connec-
ton with the New-YOrk exchanges has just Been
opened in the Royal Bank of Canada Building bv
Reginald Cameron Brown. Their correspondents
in this city Atwood Violet & Co, members Of
the New-York Stock. Cotton and Coffee Exchanges,
who send hourly quotations of prices the New
York Stock Exchange and also quotations on cot
ton and grain.