New-York tribune., 1903-07-29
WALL STREET AND EXCHANGES

FOREIGN TRADINC1.-Foreign houses dealt in
$4,000 shares in the local market. chiefly sales.
American stocks in London were irregular and
upon the whole rather inclined TO sell off There
little distribution for New-York account in
progress. but no serious pressure. The copper
stocks showed strength, but corsols were
weak at 81 decline Of 4 per cent on the unsatis-
factory situation in the Far East. There was no
feature in money or exchange in any of the Euro
pean centres
STOCK LOAN QUOTATIONS.-Loan quotations
We're: Amalgamated Copper, Anaconda American
Ice. Atchison common and preferred BROOKLYN
Rapid Transit. Baltimore and Ohio common.
Colorado Fuel Delaware and Hudson Erie COM
mon, first and second preferred, Louisville and
Nashville Manhattan, Missouri Pacific. Norfolk
AMI Western. Metropolitan Street Railway. Penn
syNania. Peoples Gas, Reading first preferred
Rock Island St. Paul, Southern Railway preferred.
Southern Pacific Sugar, Tennessee Coal and Iron
Union Pacific common and preferred. United States
Leather preferred, Wabash preferred. Western
Union. 212le per cent: Canadian Pacific. 1-32 per
cent, and Nen-York Central fatai5; Sneitcrs com
fiat.
MARKET GOSSIP People who would certainly
know Of any developments in the matter did not
confirm the reported withdrawal of the Keene op-
position in Southern Pacific. In spite of reports
20 the contrarytthe specialists were confident that
there were no Kuhn-Loeb orders in the market
either way. Jacob Field and Oliver were early
buyers OF railroad stocks in some quantity. The
strength in Rubber Goods seemed to contradict the
iu4AuIS l4dL lIieTG udu peeu any CQaDSe III the
position of the Keene holdings PHILADELPHIA
houses had buying orders in PENNSYLVANIA and
took good deal of the stock in the dav The
paying off of the S30000000 loan was bull ar-7J-
ment not only on the stock, but on the general
market There is good reason for believing thar
the pool in Colorado Southern has not been forced
to let go any of its holdings The Morgan brokers
made little secret of the fact that the market had
been advanced to facilitate some further Houida-
ton and did not seem to have much sympathy to
ing in New-Yorb Central looked good, especially
the brokers who have recently been ACTING for
the Vanderbilt interest have not shown much dis
position to follow the stock up, Stop orders in
some quantity were caught on the decline.
WESTERN SPECULATORS NORATTzE
house that represents some of the biggest vesta,r
stock market spectators and rnanipuators bo,,sc
that year ago was bulling stocks at ton rrices
says OF the present market;
Communities, like individuals must be occasion
been whipped more thoroughly than it ever ylas No :
before in It's hfe and we may reasonably expect
viii be prudently ana conservatively handled:
sdered and that We Will lean toward conserta tiSr,
and prudence We do not anticipate any rapid re-
Govery, nor IS II desirable, but We DO believe We
have eeen the worst that the severe declines OF III
d l b tere8T T 9f t0%Ted 6T Py period OF qpetude
pected to gradually and slowly improve
1t is indeed encouraging to know that the West
err crowd will now lean toward conservatism and
prudence
AMERICAN MALTING.-The reorraniz.,;or
committee OF the American Mailing Cornnsr1 I'm
probably meet this week to discuss whether or nor
ii is advisable To continue its efforts to effect
organization Of the companys affairs The reor
ganzation committee has made two attempts IA
get the security holders OF the company to give
their assent to a plan which the committee re-
CARDS being equitable to all concerned
NORFOLK AND WIsSTERN-An offs, er of .ho
Norfolk aid Western Railroad Company saws. ~,
is too early TO say much about the next dividerI
of the Norfolk and Western Railroad Cornparv
The full board Of directors will have 70 decide -
the matter next winter. Past earnings and M
present promise for the future would certainly v,ar
rant the company in following the example of tho
Erie and declaring an increased rate Of dividend
The road is at present supplied with all the f,,nd
required in the near future
ST. LOUIS AND SAN FRANCISt,o-7 The S;+o-,
Exchange committee stock list directs thai N.
common stock OF the St Louis and San FraDcisco
Baircad Companv be stricken from the list 81
Louis and San Francisco has been ..h.orra4 =