New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
3oO00 shares in the local market, buying on ball
In the London market consols were frmer
and foreign bonds were helped by the rumored
fall Of Port Arthur. The copper shares were
strong There was no material change In foreign
discount rates
INTERNATIONAL STEAM PUMP-Interna-
tonal Steam Pump common. which for a long time
has been inactive. came into prominence in yes
terday's market an excellent class of buying
at an advancing price. The company is now ham
ding amount of business never before surpassed
In its history. and owing to the foresight of its
managers in taking advantage of the summers low
prices of iron and steel, it IS able out
its pumps at better profits than If it had waited to
secure its material at current prices and prices
Of the near future. which undoubtedly will rule at
a much higher level. This concern controls the
steam pump manufacturing business In tais coun-
try. while its foreign orders are extremely heavy
Such progress has been made with the company's
new plant at Harrison. n. j.. that the works will
soon be taxed to their full capacity.
GRAIN EXPORTS DECLINE-Exports Of wheat
and corn from this country continue 10 make I'M
favorable comparisons with 1903. shipments last
week of wheat amounting TO 1454276 bushels
against 3,359323 bushels in the same week last
year. making from July 1 a falling off in exports
of 36513.3l2 bushels. Exports Of corn for the cur
rent week 14S,O51 bushels against 64Gs27 last
week and 1.68S3S2 last year Since July exports
Of corn have been 1879 $50 bushels against q $40
in the same time a year ago
CANADIAN PACIFICS BIG EARNINGs-Ea
ngs Of the Canadian Pacific have shown an in
crease every week in the present fiscal wear the
latest returns for the first week in November
amounting to S10S,o0O than in the same period
a year ago. From July l earnings have increased
N.443 goo
UNITED STATES STEEL CORPORATIONS
INCREASED BUSINESSMAN interest identified
with the United States Steel Corporation is author
ity for the statement that the company's orders
are now at rate Of $4,000 tons dav. which is sew
eral thousand tons in excess of its daily capacity
ONTARIO AND WESTERN DIRECTORS
MEETING--At the meeting Of the directors of the
New-York Ontario and Western Railway Com
panv a resolution passed authorizing an appI-
cation to the Board of Railroad Commissioners for
the issuance of $12,oooo0 4I2 per cent bonds No
action was taken the dividend yesterdays
meeting but that matter will be attended to prob
ably at the meeting next week.
LARGE BANK CLEARINGS.-Bank clearings in
this city Yesterday amounted to S4o6 7lS,315 in
crease of SOL. compared with the same
day a wear ago. In Boston there was an increase
OF $4,000. and In Chicago increase of S6572 22
MOVEMENT OF MONEY.-Local banks lost in
the week upward OF 100000 in cash. on their
operations with the interior they gained over $780,
00O but this was offset by gold exports and pay
ments to the Sub-Treasury.
GOLD FOR NEW-YORK.-The Treasury De-
partment at Washington has been advised that
$4,000 japanese yen has arrived at San Francisco
and will be transferred to NewYork.
SOUTHERN RAILWAY EARNINGS.-The earn
ngs of the Southern Railway for the first week in
November show an increase over the same week
a year ago of SIS 25S.
SUGAR PRICES HIGHER.-The American
Sugar Refining Company and the independent re-
fners have advanced the price OF refined sugar 10
a basis of 525 cents, less I per cent.
CONSOLIDATED CAST was reported in we'll
Informed quarters yesterday that the prospects did
not favor an increase in the dividend on the Con-
soidated Gas stock at the next dividend period
IRON ORE NEUTRALITY-SUSPICIOUS. to The
Iron Trade Review. shipments in October
were 4o24 721 tons, against 8.06s57 in October
year ago.
AMERICAN CAR AND FOUNDRY.-Orders
nlaced with the American Car and Foundry Com
pany this week are as follows: Southern Railway
cars for passenger service; St Louis and San