New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING--Foreign houses dealt IN
- o0o shares In the local market. purchases ex-
ccedng sales. Consos rallied Il per cent. TO SiSs
for money and Rio Tintos were conspicuously
strong Money was harder In the open discount
market in London. and foreign bonds improved,
rather on the absence of bad news from the Far
East than any special Improvement in the
situation.
CURRENCY MOVEMENT.-The principal move
ments OF currency this week, compiled by
The Wall Street Journal Indicate gain OF
81 SO 10 In reserve held by the banks They
received from the interior slo123 400 and sent to
the interior 81 $3.50 The gain from the interior
was - Os5lO0 Gold imports were s9s 3Go in for
eIcn coin. making slsOae 60 this movement.
as reported at the Custom House at this port.
Other receipts Of new gold were H.SIs.7o0, namely,
400 New-York Assay ONCE checks. sS750oO
on teleEraphic transfers from San Francisco.
against the deposit the mint OF imported Jap
anese yen. and $1,000 Seattle Assay ONCE
checks The Suh-Treasury paid sl65 500 in redemp-
ton OF per cent bonds OF 1904. Other dsburse-
ments by the Sub-Treasury 81. 800; pay
ments by banks to the sub-Treasury FOR customs.
internal revenue, per cent fund etc. were S2l.-
65S 500 The gain on Treasury operations proper
sl5s.500 The total gain Cfrom the interior
s9065l00; gold s2477,co0; bond redenptions.
$500 and Sub-T-easury SIS 5OO) 81. s66
The gain the Interior only 500 less than
IN the week ending January 8. 1903. which In
cluded one more day in January that for the
days of the month the gain this year was
the greater. Currency is coming back from the
South in large amounts, as forcshadowed by
the advance in New-York bank exchange at New
Orleans from 20 cents discount December 81
1903. TO 30 cents premium on January = 1884, Re-
cc.pts Of currency from the West are increasing
and the current is toward New-York from nearby
and Eastern points.
GULF AND SHIP ISLAND RAILROAD-The
Gulf and Ship Island Railroad Company. which
owns extensive docks and terminals at Culfport
Miss, reports q continued increase in the number
Of vessels calling at that port for cargoes At the
end OF December last. just year after the port
was fully open for business, there were no less
than twenty-seven vessels at the company's
wharves at the Same time. a correspondence rapid
development has been shown in all the corupany's
business it's gross earnings in the year show
ing an increase of over 10 per cent and its net
earnings over 20 per cent. The road also reports
good progress in its business other than lumber
especially IN cotton
LOUISVILLE AND NASHVILLE.-Net earnings
for six months ended December 81. estimated So
Olo,43s; increase. sl55O9. The directors declared
the regular semi-annual dividend of 2is per cent
at the meeting of the board yesterday.
ROCK ISLAND BONDS.-The announcement OF
sale of Rock Island bonds Speyer & Co. is
denied. The Rock Island Company has not Yet de-
termined the kind of bonds that will be issued
or the amount that will be sold
NEW RAILROAD EQUIPMENT-Tho foIIov,ir,
companies have ordered equipment from the Amer
lean Car and Foundry Company: The st. Louis Re-
frigerator Car Company 900 cars: the Five Mile
Beach Electric Railway Company 2 open motor
bodies and one closed motor car body. rnisreI-
laneous parties. go cars.
STEEL SYNDICATE NOT CLOSED UP-A
member Of the United States Steel preferred stock
conversion syndicate says that the reason wbv tho
syndicate has not been wound up Is that there are
still S,GH0C0 Of unsold per cent bonds 4 bid for
these bonds at the market price was recently made
ard refused.
STRIKING PRICE ClIANGES.-American Agrl-
cultural Chemical preferred on dealings of no
shares sold down 10 co. against 1914 the last prece
ing sale. and then to 55 net loss of 24i. Com
mercial cable. on purchases of 26S shares ad-
vanced 70 1eS net rise of 9O2i points from the last
preceding sale.
TOLEDO. ST. LOUIS AND WESTERN-The
executive committee OF tho Toledo. st. Louis and
western Railroad Company yesterday adopted n
resolution recommending the election of 7 p
Shonts as president Of the company The matter
VIII be presented to the fun board on January "A
for ratification.