New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
5000 shares in the local market. mostly sales Amer
lean stocks were the feature of the London market
and showed a declining tendency. although there
were some supporting orders from New-York Local
interests the principal sellers and the feel
ing was notceably less favorable. in view of the
unexpected decline on Tuesday. Consols were weak
81. decline of 3 per cent. and the copper stocks
were heavy and lower. The general market was
inclined sell off. There no feature in money
or exchange in any of the European centres. but
bar silver showed considerable strength
STOCK LOAN QUOTATIONS--Loan quota tons
were; Amagamated Copper, Anaconda, American
Ice. Atchison common and preferred. Brooklyn
Rapid Transit. Baltimore and Ohio common, Colo
RADIO Fuel. Delaware and Hudson Erie common.
first and second preferred, Louisville and Nashville,
Manhattan, Missouri Pacific. Norfolk and Western
Metropolitan Street Railway, Peoples Gas Read
ing first preferred Rock Island St. Paul. Southern
Railway preferred. Southern Pacific Sugar, Ten
nessee Coal and Iron, Union Pacific common and
preferred, United States Steel common and pre-
ferred United States Leather preferred and Va
bash preferred. per cent: Western Union and
Canadian Pacific, fat; New-York Central l per
cent; Pennsylvania, 1d11e per cent. and United
States Realty common, fiat to 1854 per cent, and
preferred, 1-64 per cent
CONSOLIDATED GAS.-Consolidated Gas was
one of the weakest features. and, in spite of its
heavy decline of Tuesday had another bad break
and lacked support from any of the houses usually
prominent in operations in the stock. The traders
there seems to be something of bear raid against
the stock issue
SUGAR REFINING.-The marked weakness in
American Sugar accompanied by reports of
stagnant trade conditions and realizing for
lower Wall Street The stock is unqueStiOna bly,
much manipulated, and the Usefulness of a lower
level to Washington operators when the Cuban
reciprocity matter up again should not be
lost sight of.
NORFOLK AND wEsTERN-For the twelve
his Ia and
reported a surplus after charges of S. S91 $50 As
Stunning that this amount is available for dividend
payments, there would remain for the common
stock after deducting the years full preferred divi-
dend &S71 $50. which is equivalent TO ~ per cent
earned on the common this year and compares
with 636 per cent earned the common in the
year ended June 50. 1902.
BANK CLEARANCES.-Th total clearings at
ninety-two cities for the month OF July as reported
by telegraph to Bradstreets aggregated $3.50 34e
go advance of per cent June. but a de-
crease Of per cent from July year ago. For the
seven months the aggregate clearngs at ninety-two
cities s66 724 02520 decrease of nine-tenths o.
per cent from last year and Of 81 per cent from
1901
MISSOURI PACIFIC.-Missouri Pacific was nearly
the weakest of the active stocks. The brokers
usually trading for the Gould pool supported it on
a. scale down from par and made determined eff
fort hold it at 95. The liquidation. however, was
obvious and it found that only A
small proportion of the selling represented short
contracts the stock allowed to take care of it
self and declined heavily, disclosing an extremely
weak bull position.
UNION PACIFIC-It is stated that while all the
100000 one-year notes of the Union Pacific were
promptly taken, a majority of the issue remained
here. \ part of the 100000 was placed in Eu-
rope. but not so large a percentage as has been
stated.
SOUTHERN RAILWAY.-The gross earnings of
the Southern Railway for the first week in July
amounted to $,l67SS1. an increase of $49,440 over
the corresponding period of last year. For the
month of July the gross earnings amounted TO
So 5o5 sci. an increase of $214275 over last year
STANDARD OILS POSITION.-The Standard
Oil people were credited with encouraging the de
cline in certain stocks, but they apparently took
of Anna lganlated Copper, and were by no
means bearish on the copper situation.
WABASH BONDS DOWN.-Wabash debenture
Bs closed at %, a net loss of AZ per cent from
Thursdays closing