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

the movement Of grain the compary's hneS
and over the 500 road, which is confronted py
the Canadian Pacific. into the United S'ato'' II
Is understood that soon as Secretary ena" re-
cedves a report from special agent WEo IS no"
examining the wfeat Eituation IN Minnesota ne
will issue an order permitting drawback on wheat
imported from Canada The Northwestern 'niiiers
FOR g long time have been endeavoring 10 secure
relief from the payment OF duty on wheat pioush'
in from Manitoba and other parts OF Caanda' III
case they grind Il into flour and export IL again
II is understood that Secretary Shaw believes that
a drawback can be allowed without the usual re-
duirement that the imported wheat be pos1uFelS
identified: that is that the customs duty on
given amount of Canadian wheat VIII be suspended
when tho miller presents proof that he is export
ing tho equivalent in -four whether or not the
-four was made from the Identical wheat which
imported .
THE COTTON OBSERVATION-DISCLOSURES 10
1.-The Financial Chronicle" the total receipts OF
cotton for the week ended December reached
sS2 495 bales against 3774si in the preceding week.
making from the first OF September total receipts
OF 4.9702 bales. against 4.S4s369 bales TOT 'he
same period In 1903. Reports from the south ihol-
cate that the weather continued favorable in the
week in the cotton field.
MAP OF NETWORK CITY.-A map which Will
prove Of great value 10 people visiting New YORK
has been issued by the passenger department OF
the New-York Central and Hudson River Rallroao
Company. II shows area of four miles from
gives the names and locations of seventy-seven
hotels and the names and locations of seventy
eight clubs and forty-nine theatres. The piers
Of the various lines OF steamships distinctly
marked. as we'll the numerous large and small
parks located In various parts OF New-York city.
PIG IRON CERTIFICATES MARkET.-Plg
iron certificates at the New-fork Produce Elk
change were steady. and prices were trihe higher
on late months The sales were: 100 tons OF jan
uary ST. 800 Of February at 81 TO- 100 tons or
March at ST TO- and 100 tons OF April at SIT 10 Prices
follow: December SIS 49, January, $40 10; February.
s17 10, March ST OgN7 %; April ST TO- May 81 20
July. ST %.
STRENGTH IN FOREIGN EXCHANCiE-The
foreign exchange market exhibited great strength
in Yesterdays operations. demand sterling ad-
vancng % points. There a heavy inquiry for
remittance 1t Is not unusual for an active strong
market at this period of the year.
APPLICATION TO LIST.-Applicatton has been
made 10 the Stock Exchange 10 list s472.Oo0 ad-
dtionaI first and refunding cent bonds Of 1858
OF the Cincinnati Indiana and Western Railroad
and $4,000 first mortgage per cent bonds of 1923
Of the Cincinnati. Findlay and Fort Wayne Rail-
road.
BANK CLEARINGs. -Totnl bank clearings OF all
the clearing houses in the United States for the
week ended December 10 were sS,2742l4294, against
s. 365 554 749 in the preceding week and s2l&SO447
in the week In 1903.
STEEP. RAIL SCHEDULE.-A member Of the
steel rail pool says that the price Of steel rails
for 1905 has been practically agreed upon 1t Will
be SOS per ton for the first quarter. The question
of allotment OF production 10 three members OF tho
pool is still pending. Other matters of detail have
been adjusted.
COPPER EXPORTS.-E1ports of copper for the
week ending December were 4oe1 tons, q total for
the month so far OF 5.0A tons.
SUGAR PRICES Observation-Disclosures Brothers
and the American Sugar Refining Company have
advanced all grades Of refined sugar 10 points
making granulated $50 cents net. less cent. In
the raw market prices were up g cent
A STOCK MARKET VIEW.-Charles G. Gates
& Co. say:
The week ends with sharp rise and strength all
through the list the probable result OF overseling
by bears and buying by the powers that be- There
were rumors of some agreement between the steel
companies rates. but unable to
firm anything new in the matter. The situation is
clear and sound rs II could well be. and we ex
pect higher prices next week. On any good ad-
vance however on Monday. should advise
taking profits and only buying on soft spots. The
hank statement was about as expected