New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-25
WALL STREET AND EXCHANGES.


5000 sh-res in the local market. all purchases
There was no feature in arbitrage transactions.
STOCK LOAN QUOTATIONS-Lo2n quotations
were: Amalgams ted Copper Anacorda, American
Ice, Atchson common and preferred, B. r. T,
Baltimore and Ohio common, Della ware and Hud
son. Erie common. first and second preferred
Louisville and Nashville Manhattan Missouri Pa
ciic, New-York Central. Norfolk and Western
Metropolitan Street Railway, Peoples Gas. Read
ing first preferret Rock Island. St. Paul. south
ern Railway preferred. Southern Pacific. Sugar
Tennessee Coal and Iron. Union Pacific common
and preferred. United States Sterl common and
preferred. United States Leather preferred. Wa
bash preferred. Western Union 2G2l4 per cent:
Canadian Pacific. IL per cent Colorado Fuel, per
cent. and Pennsylvania, per cent
INDUSTRIAL SHARES.-Excelent buying
reported in American Car and Foundry common in
yesterdays market the price advancing ia points
to 354. Earnings of this company in the last year
have been largely in excess of dividend require
ments. and as the common stock IS on a dividend
basis of per cent investors gradually beoom-
ing interested in the company. Elsewhere in the
industrial list in Yesterdays market the United
States Steel sinking fund per cent bonds supplied
the chief point Of activity. Heavy dealings were
reported in these issues at prices that ranged at
the opening at 1914 a low point of 50. and clos
ing at So. There were news developments af-
fecting the steel shares trading apparently repre-
sentng the operations of professional dealers, al
though it was thought that the weakness in the
5s with the comparative strength in the preferred
stock was perhaps due to the fact that the under
writing syndicate has some unexpired privileges
Of conversion and may be selling the bonds against
purchases of preferred stock
THE COAL TRADE-"The Coal Trade Journal
saws: There is still lively buying of anthracite
coal for shipment at all tide points for another
10 cents goes on the wholesale list with July. There
are people who state that the tonnage to New Eng
land ports could be doubled without danger of
forcing the market. 1t is evident that the con
sumner down that way does not intend to be caught
without supply of American anthracite coal for
next ensuing winter Bitumirous is getting into
better shape in all parts of the country.
GENERAL ASPHALT COMPANY--Wednesday
next July / will be the day which
tifcates Of deposit issued by the Equitable Trust
Company. of Philadelphia. and the Guaranty Trust
Company. of New York, for securities of the Ma
tionaI Asphalt Company be exchanged for
interim certifica ties calling for stock trust
certificates of the General Asphalt Company. APP
plication has been made to place the interim GER
tffcates for the preferred and common stock of
the General Asphalt Company In the unlisted de-
partment of the Philadelphia Stock Exchange
AMERICAN LOCOMOTIVE.-The directors of
the American Locomotive Company have declared
the regular quarterly dividend of 1& per cent
the preferred stock The following statement
given out by President Galloway, of the American
Locomotive Company:
The earnings of the company for the year ending
June Ted 81 l" % s 5ne month OF June Party est
fiscal year of $6:465.357 over four million dollars
has been expended in charging the different
The work OF improving and enlargtng the plants
now outlined and authorized by the directors will
penditure already made has produced an increase
cred in 1904
UNITED STATES STEEL-At the meeting OF
the board of directors of the United States Steel
Corporation, to be held July 7, dividends for the
third quarter will. it is believed be declared on
both the common and preferred. AT The same
time the earnings of the corporation for the last
quarter will be announced. 1t is stated that they
will equal. if exceedthe earnings for the Ger
responding quarter last year but will be large
enough to make up the falling of OF H.500GO in
the net earnings for the first quarter as compared
with the first quarter of 1902 For the first half of
the year the net earnings are e2 pected to exceed
SCI. 10000 compared with $6S0oO0o0 in the
first six months of 1902 The eighth dividend on the
stock. slightly exceeding 5000 Coo will be
paid to 2S,97O stockholders on June 80 II is also
expected that al this meeting a statement of the
results of the bond conversion plan will be an
nounced. Since the expiration Of the date Cor the
exercise of optional privileges by the holders Of
preferred shares the underwriting syndicate has
converted large number of preferred shares into
the per cent bonds.
DIVIDENDS DECLARED.-The Fourth National
Bank has declared semi annual dividend of 81
per The National Biscuit Company has do
clared a quarterly dividend of per cent on it's
common stock. The New-Amsterdam National
Bank has declared a dividend of per cent The
Chatham National Bank has declared a quarterly
dividend of per cent. The German Savil rs Rapk
has declared a semi nnuaI dividend at the rate ~
gig per cent. The Continental Trust Company has
declared the usual quarterly dividend of lis per
cent, payable to stockholders of record OF June "a
GOLD EXPORTS-Gold TO the amount of 81
10000 was engaged yesterday for export to Paris
This amount will be shipped by the banking firm
of Lazard Freres With this shipment the total
amount of gold that has gone since Nav
amounts to nearly 81 Ooo0o
SECURITIES IIsTED.-The following securities
have been added to the Stock Exchange ust.
2oi04oo guaranteed special stock of tho Pitsb,,rg
Fort Wayne and Chicago Railway Company SS7s