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

FOREIGN .TRADING-London dealt in about five
thousand shares of stock in the NewYork market.
practically all sales The position in American
stocks in London is not important at the moment.
but tomorrow trading for the new account will
begin and activity in Americans is looked for
then.
STOCK LOAN QUoTATIoNS-Loan quotations
were: Amalgamated Copper. Anaconda. American
Ice Atchson common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common. Cana
dian Pacific. Colorado Fuel. Delaware and Hudson
Erie common. first and second preferred Louisville
and Nashville, Manhattan, Missouri Pacific, New
York Central. Norfolk and Western Metropolitan
Street Railway, Pennsylvania. Peoples Gas Read
ing first preferred Rock Island, ST. Paul, Southern
Railway preferred. Southern Pacific Sugar, Ten
nesses Coal and Iron. Union Pacific common and
preferred, United States Steel common and pre-
ferred. United States Leather preferred, Wabash
preferred and Western Union. 3Q3i4 per cent
EASIER MONEY EXPECTED-Call money Is
expected to develop this week in anticipation
of the payment of the Pennsylvania Railroad loan
of $4000O.O0O, which is due July 10. The rates of
exchange on New-York at interior points are be-
ginning reflect the receipt of checks for interest
and dividends.
AMALGAMATED COPPER-The early weakness
of Amalgamated Copper was ascribed TO sympathy
with the heaviness OF copper stocks in London II
reported that the interests that had arranged
to effect an advance in the stock had abandoned
their plan account CT the unfavorabie demeanor
Of foreign operators in copper stocks Consumers
of copper are said 10 evince greater disposition
bid for large lots of the metal at "A cents than
when the price was one cent higher. In February
the brass manufacturers were offering sheets and
wire on a basis of 12-cent copper In May their
prices were advanced to 15-cent basis There has
since been change in prices, although reduc-
ton is under consideration
ATeHISON.-Atchison in such demand in the
loan crowd to induce buying in the expectation
that enforced covering might advance the stock.
The Western element in the market is said to be
short of Atchison considerable scale.
COLORADO FUEL.-A rally in Colorado Fuel In
the early trading was taken to imply that arrange
ments had been made for providing the company
with needed funds. suggestion that control Of
the concern might be turned over to the Denver
and Rio Grande Railway did not receive much at
tention.
BROOKLYN RAPID TRANSIT.-There is said to
be a strong bull pool in Brooklyn Rapid Transit.
and it expects to be helped in its operations by
traffic returns which counted to be of
favorable character during the remainder of the
summer Evidence of a short interest in the stock
is found in the loan crowd,
ERIE.-Some strength was displayed by the Erie
issues. but there was confirmation of the report
of immediate action the dividend the first
preferred.
UNITED STATES sTEEL.-It is reported that
the earnings of the United States Steel Corporation
for the last quarter amounted to little less than
$S5. 100000 or decrease as compared with the cor
responding period in 1902.
CROPS AND TONNAGE.-The large winter
wheat crop insures tonnage for the railroads trav-
ersing or reaching the winter wheat belt Should
the spring wheat crop come up to expectations the
consequence to railroad business of short
crop will be negatived to considerable extent
COAL TRADE.-The Improvement III the bitumi-
nous coal trade reflects the continued activity in
manufacturing lines. 1t is agreed that with any
contraction in manufacturing operations the con-
sumption of bituminous would diminish Not
few manufacturers allowed their supplies of coal
to run down after the announcement of the advance
in price that took place April l. thinking that
the higher price might not hold. There seems to
be trouble in keeping up the price. and those
who failed to do so heretofore stocking up.
The better condition of btuminous coal in connec-
tion with the prosperity in the anthracite trade is
a feature of the present industrial situation
FIDELITY TRUST COMPANY.-The sem-an-
nuaI statement of the Fidelity Trust Company of
Newark, N j., shows that in the last six months
the companyS assets increased more than $13O0000O
Deposits in of S23,OO00O0, an increase in
six months of nearly s9.000O00. There has been
added to the undivided proft account S462000 after
paying dividends at the rate of 20 per cent per
annum. The officers are U2al H. McCarter, presi-
dent; John + Dryden, ice-president; Jerome Tay-
Ior, trust officer Frederick w Egner. secretary
and treasurer. and James H. Shackelton, assistant
secretary and assistant treasurer.