New-York tribune., 1904-09-27
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreisn nous ~
upward Of 5000 shares In the locai -
ing 5000 shares balance. In '"' o1.,s,
market the tone was generally heavy ni'''9I
corsoIs ,r.r. Iovv.r and home rails declined on
the expectation Of higher money Tates-
nand for money was more active.
CANADIAN PACIFIC'S EARNlNGs--EaT'nns
OF tie Canadian Pacific Railway tOr 'iio -. -
week IN September show an Increase oi S0
over the same week a year ago. making from
Julv l an increase OF $751; sss. According 20 re-
ports received from officers OF the company IL Is
believed that this years volume OF business VIII
be heavier than ever handled by the ROAD IN pre-
ceding years Agricultural conditions In the
Canadian Pacific territory have been extremely
favorable this year. while there has been MARI Aeo
expansion IN general Industrial activities.
CROP REPORTS AND BUSINESS--It would Dc
senseless to deny according 10 Tho Wall Street
Surnrnarys'' Chicago advices. that pessmistic re-
ports about the grain crop in the last week have
impaired tho general business situation IN the
West: for they have. and In considerable measure
IN some lines OF manufactured products. Railroad
officers the large jObbing houses located at lead
ing distributing centres and manufacturing inter
generally all report that sudden cheek mas
been felt in orders and distribution OF goods since
these crop damage advices became so acute.
NETWORK, ONTARIO AND WESTERN--No
meeting OF the directors OF the NewYork. Ontario
and Western was held yesterday. "a IL had been
reported would be the case The managements
AZ the annual meeting tomorrow. but will not be
acted on at that time. II is understood that a
special meeting OF the stockholders viii be called
for a later date approve the plan One-half OF
per cent was bid yesterday for any dividend
which nny be declared in tho next six months on
Ontario and Western stock.
BANKS LOSE MONEY.-Ths banks lost Sat-
urday s5sso0O and since Friday lost .sSsooo. COM
pared with n loss in the same time week ago OF
g. 1900 The credit OF sass.s0 by the Sub-Treas-
ury at tho Clearing House yesterday morning
due lighter pension payments and TO the transfer
OF collections from interior banks 20 Nsw-York
There was deposited at tho Sub Treasury yesterday
$50 600 for transfer 10 Sew-Orleans.
MANHATTAN TRANSIT-Charles A. I4ieb for
merly consulting engineer OF th, General Electric
Company. who successfully reorEanized and re-
built the street railways OF Washington City. has
been named as mechanical director OF the Msnhat-
tan Transit Company.
Steel. EXPORTS DECREASE-The August
exports Of steel rails billets. bars structural steel
pig iron and ore for August viii show II is said.
decrease OF nearly 20 per cent when compared with
July
CHICAGO GREAT wEsTERN,-EsrnIngs Of the
Chicago Great Western continue 20 decline the
company's report for the third week IN September
showing a loss OF Sz7.7eo from the same period in
1895 From July gross earnings show decrease
of s2s1 III.
APPLICATION TO LIST.-Application has been
nnde 10 tho Stock Exchange to list Atchison To-
peka and Santa Fe Railway Company Sass 900 addi-
tionaI Eastern Oklahoma Division hrst mortgage 4
per cent bonds of 1908.