New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-14
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-Foreign houses dealt in
10000 shares in the local market. mostly purchases
American stocks were again a prominent feature
in the London market. and were strong. with an
advancing tendency. Local interests bought freely,
and the sentiment was much improved. There was
good speculative buying of Kaffirs, and the tone
throughout cheerful The Bank of England
did not change its rate but made fairly strong
return and showed unexpected gain in bullion
on the week, with a fair proportion of reserve to
liabilities. Money and exchange were both easy in
Berlin, but the Paris sterling rate continued firm
and money in good demand in London.
STOCK LOAN QUOTATIONS.-LOa quotations
WERE Amalgamated 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, Pennsylvania. Peo-
pies Gas Reading first preferred, Rock Island.
Southern Railway preferred, Southern Pacific.
Sugar. Tennessee Coal and Iron, Union Pacific COM
mon and preferred, United States Steel common
and preferred United States Leather preferred and
Wabash preferred. Upper cent; Canadian Pacific
and Western Union. fiat, and New-York Central
and St. Paul, y per cent
APPLICATION TO LIST.-Application has been
made TO the Stock Exchange to list $9,1552oO addi
tonaI asserting stock of the Westinghouse Elec-
tric and Manufacturing Company. and $7oS2.4OO ad-
ditonal capital stock of the Consolidated Gas
Company of New-Yorb
READING.-A. A Housman a prominent
buyer of Reading common stock yesterday. taking
about 5000 shares in the first hour w. B. Oliver
and H. Content also bought while D. Bacon was
seller. 1t is said that Lake Shore and Baltimore
and Ohio have by recent purchases increased their
control of Reading stock from 40 per cent TO full
majority. 1t said that the Keene following
was active in Readings advance.
NEUTRALITY-SUSPICIOUS. CHENuCAL4-It is ex-
planned in behalf of the Virginia Carolina Chemi
cal Company that it's 100000 loan was made, not
for expansion purposes but simply TO cover the
farmers notes accepted by the company. Banks
in the interior temporarily declined to advance
upon them. owing to the decline in the prices OF
the company's stocks.
AMERICAN WOCLLEN COMPANY.-The
American Woolen Company has earned in the last
six months sufficient to pay it's Z per cent pre-
ferred stock dividend for twelve months. yet the
preferred stock is selling a 10 per cent basis.
The company has had the most prosperous opening
of goods in it's history. Its staple worsteGs and
woollens have been all sold up for the 1904 season.
and about 50 per cent of its fancy woollen output
has been sold which insures steady and profit
able business.
KANSAS STATE CROP REPORT.-The Kansas
crop report makes the yield of wheat 90000000
bushels against s6,99OOO bushels indicated by the
government report and As 600 bushels actual last
year 1t reports the corn acreage 6 per cent less
than last year. Early corn good; late favorable
BALTIMORE AND OHIO EARNINGS.-Earnings
of the Baltimore and Ohio for July reflect the huge
volume of traffic moving over the companys lines
and the ability OF the company 10 handle ltS udHc
without increasing its operating expenses TO an i'm
portant extent The physical condition of the road
has been 50 wonderfully improved in the last few
wears that more freight be taken care of than
ever before at cheaper cost of operation. Gross
earnings for July amounted $50, increase
OF $3.50 $50 as compared with the time last
year while net earnings were 81 22,3S0 an increase
of .625 The road moved more freight il July
than in any July record. The Baltimore and
Ohio shares were in good demand in yesterdays
riYacr hgf ha.
present price Baltimore and Ohio common is con-
sfdered one of the most attractive purchases on
the list.
WELLS-FARGO DIRECTORS REELECTED
At the annual meeting yesterday of the Wells
Fargo Express Company the retiring members of
the board of directors were reelected