New-York tribune., 1907-09-22

FOREIGN TRADING-F'oreIzu houses not
important factors in the local market, dealing IN
a few thousand shares evenly distributed between
sales and purchases. In London the general mar
ket duh and generally firm. but in Paris
prices were lower. London discounts showed a
stronger tendency. Money is likely 20 harden
abroad this week owing the fact that the Bank
Of England Is losing gold % Egypt and Eastern
Europe and TO the probable contInuaucs of the
foreign demand for the metal for several weeks
70 come.
MOVEMENTS OF COT7ON--The Finsncial
Chronicle gives the total port receipts or cotton
for the week ended September - SIS sos bales.
against 1oo2ZT bales in the preceding week, max
Ing the total receipts since September ll. $50
bales against 399 ~ bales for the same period o.
1905 showing decrease since September / lSi' OF
1o6S64 bales Weather reports BY te-egrapn 49,, -
the South indicate that in the main the WeatheL
has been favorable the last week over rlUcA %
the Southwest rain has fallen, nut except a. q iC"
points the precipitation has been light or moderate
Cotton picking Is making good progress IN most
sections.
MINNEAPOLIS ST PAUL < SAULT STE
MARIE The Minneapolis. 81. Paul & Sault SIC.
Marie Railway rights. which have been listed on
the Stock Exchange. are in connection Win tns
issue OF $4,000 of new stock being portioH -
the s2l 0fa Gao OF stock authorized at the annual
meeting Of September L. or the N2"'VoV NI-io',
will be issued Immediately N+""V IS pteLetlV''
and s. SOO00O is common stockholders OF reSVI-
on septeulber z have the privilege Of subscribing
for one share OF new five shares OF old stock
PIC. IRON PROSPECTS IAPROVE--AccOFdins
10 a Pittsburg dispatch signs are increasing ms tlas
the long expected buying movement in pig ron
is not very far off. It IS improbable however Ia
there will be very heavy contracting fOr lul W.
delivery as consumers are all showing a diSpoS-
TO-, y, r,,r under As small obligations as posslo1e-
In rails there are good prospects or geneTal o-s
ing within the next month or SIX weeks a
specihca tions for improved rail are oeins ~
out. according 20 reports 10 tlle Sa'-7'
parties concerned
WORKING AGAINST WORT Hl't-oS -, -,
STOCKS-It Is said that more curb lraoerS -, -
ioined hands with the OrSinators or the So ~,
70 sIi,Jnate n possible wildcat issues from ne
curb The organization effected f'r 'tls -.
will fight to prevent the quotation OF a., =,
where those controlling the company reluSe :.
make a complete statement giving tu!l Pt['- -
lars OF the property owned. the extent of the on
ness etc Effort will also be made 70 Pre'el' '"'
quoting OF prospects" except as sHch-
GRAIN EXPORTS FOR THE WEEk.-'Bra4-
strsa+'s' reportz the exports OF grain for tae w.
with comparisons. figures I'm ouSneiS a. a. ~. 1,s.
Wheat -four included. 4So.s5O against 62Si',co -
,reaL 81 523 last year and SStl5T+ IN 1901 for ~
fiscal wear 10 date. IS sal SO contrasted WIN SS'
$50 in 1eo;-V7 and T2++aSS2 in ls'l-0 corn -Se <os
compared with S771SS last week and oS.'oi IN
ror the fiscal year to date 1411S,726. against 'oN-
sss
DTyIDENDS DECLARED. Dividends have Pc
declared as follows: Long Island Lean and -. -
Company quarterly per cent payaoie oh - ~ 80
10 Memphis Street Railway regular GuarterN a.
per cent on the preferred. payable on Septenns
Knoxville Railway and Light company pU' -,
~ Nor cent on the preferred and per cent on on -
common. payable on September 3D. Hudson ~ -,
Telephone regular quarterly per cent pay ,,14-
October 10. Great Lakes Towing Company Ie9 -,
quarterly Ia per cent the preferred paSaolS, .
October I. Pullman Company reSulA 9~''
per cent. payable November 10
BOND MARKET OUTLOOK--Merubers OF s+ .sn
ing bond houses In Wall Street are more eOnnSe -.
of a better bond market than since investment - -,
ING of bonds began to fall OF about two years ss
They are unanimous In declaring that tir LuS I 80,
in both orders pnd inquiries has been marh ohnrt
the sale of s4ObcOOco New York City bonds ao0"'
ten days N
BANK CLEARINGS-The total elearlhss o ~
the clearing houses Ia the United states iOl -
week ended September q. 1897. one day Oh tI5
was 81 $50 rs which compares WITH 49,. -
in the corresponding week of iste a Iesl I-,vs
143 per cent. The decreases were az ~ .v,re
Boston and Philadelphia; at other cues ~ 1i's
Increases