New-York tribune., 1903-08-08
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
5000 shares in the local market, mostly purchases.
American stocks were the feature of the London
market and were very strong, with an advancing
tendency The buying for the Continent was the
most striking feature Of the advance but local in
terests were taking stock as well, and the market
did not seem to need any support from New-York.
The general market rather heavy, although
the copper stocks a little frmer. Consols
sold off to 9O5, decline of three-eighths OF per
cent on the unsettled condition of affairs in the
East. There was no feature in money or
exchange in any Of the European centres,
STOCK LOAN QUOTATIONS.-Loan quotations
were: ANA gamated Copper, Anaconda, American
Ice. Atchison common and preferred. Brooklyn Rap
id Transit, Baltimore and Ohio common, Colorado
Fuel, Delaware and Hudson Erie common, first and
second preferred, Louisville and Nashville, Manhat
tan. Missouri Pacific, Metropolitan Street Railway,
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 Steel
common and preferred, United States Leather pre-
ferred Wabash preferred, 2G2h per cent; Western
Union, fiat; Canadian Pacific. 1-32 per cent; New
York Central, fiat and Il per cent; Norfolk and
Western 2q25 per cent; Pennsylvania, 11a per cent;
United States Realty, fiat; preferred 16 per cent.
CURRENCY MOVEMENT.-''The Wall Street
Journal says The principal movements of cur
rency this week indicate loss of S572 500 in the
serve held by the bar ks They received from the
interior 81 500 and sent interior 1885 100.
of new gold We're $2,7372OO of which s765,2OO
New-York assay office checks. $149S,8OO San
Francisco mint checks and telegraphc transfers
and $473,2O0 Seattle assay Office checks. About
100000 of the gold came from the Klondike
and 500 900 from Australia. The ordinary disburse
ments by the Sub-Treasury were S6,717, 800; pay
ments by banks TO the Sub-Treasury for customs,
internal revenue, per cent fund. etc, includ-
ing about 100000 for account of the South
ern Pacific. were so 1864. 600. The loss on Sub
rrra tran cfiO urac Tba
total gain from the interior and gold was
S5673.600; deducting this from the loss of S.
200 to the SubTreasury the net loss $52 500
There are several Indications of a growing demand
for currency at the interior. The receipts are
smaller than for any week since April Il. and the
shipments the largest since July II. The d.
rect shipment of S5OOOOO TO St. Louis is reported
in addition to several small amounts sent to the
Central South. The greater part Of the receipts
from nearby and Eastern cities Nearly half
of the $624620O loss on b-Treasury operations is
accounted for by the Southern Pacific payment
but very much of the balance was due to the
transfer by interior banks to the Sub-Treasury of
collections of internal by drafts upon their
New-York correspondents. This is equivalent to
shipping the same amount of currency to the in
terror
UNION PACIFICS EARNING POWER-Al-
though the Union Pacific statement for the wear
shows about 10 per cent earned the common
stock. the report does not show the full earning
capacity of the company Until the Southern Pa
cifc stock owned by the Union Pacific Company
yields a sufficient to defray the cost of carry
ing that stock. the management has decided to
pay the carrying charges out of net earnings
Those charges last year amounted to fully 81 5OO.-
900. If this amount added to the net receipts
reported yesterday, it will be seen that the
amount earned the common stock last year
was approximately 13 per cent
MISSOURI PACIFIC.-The annual report for the
year ended December l. 1902 showed earnings of
about Sl2 per cent on the stock. This was about
1E per cent less than in the preceding year the
decrease being due chiefly to delays in the move
ment of traffic occasioned by the heavy improve
ment then being made. The statement Of earnings
for the first five months of the present wear shows
a gain of $.150.000 in net earnings, equivalent to
IL per cent on the stock. Earnings present are
therefore, at the rate of about 10 per cent Mis-
souri, Pacific probably maintain the present
rate of dividends indefinitely. At its present price
the stock yields nearly 5ls per cent.
GRAIN EXPORTS 'bradstreet's' reports the
exports of wheat for the week 3,040629 bushels
against 319l 4i2 bushels last week and 424 1863 bush
els last year. Since July /, 1504253 bushels against
90 7S3,203 bushels last year. Corn for the week
42S bushels, against 92S,S $50 bushels last week and
els, against 49i.437 bushels last year.
BANK CLEARINGS.-Bank Glearings for the
week ending August aggregate 81 952, $50 329 per
cent under last week and per cent below the figures
of the like week in 1892. Clearings outside New
York total S9l, 1887, 3S per cent last week
and a gain of per cent over the figures of last
year.