New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-24
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-Foreign houses dealt in
5000 shares in the local market mostly sales In
London the copper stocks were lower, but other
wise the general market was featureless. Consols
were steady and unchanged. Paris exchange on
London continued weak, and there was no recovery
in the Berlin quotation. Money was in generally
good, but not remarkable, demand abroad
STOCK LOAN QUOTATIONS,-Loa quotations
were Amalgamated Copper. Anaconda, American
Ice. Atchson common and preferred. Brooklyn
Rapid Transit, Baltimore and Ohio common, Colo
RADIO Fuel. Delaware and Hudson. Erie common,
first and second preferred, Louisville and Nash
Vile Manhattan Missouri Pacific. New-York Cen
trail Norfolk and Western. 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 beath
preferred Wabash preferred and Western Union
"a per cent Canadian Pacific liz per cent and
Pennsylvania per cent
AMERICAN CAR AND FOUNDRY.-The annual
report of the American Car and Foundry Company
will be issued this week, and official intimatons
are that it will make good showing. The com
pany has published it's net earnings for the ten
months ended Febrt,ary IS. during which period
they amounted S1.?"O,971. which compared with
So us for the corresponding ten months In the
preceding year, Assuming that the last two months
of the wear equalled the average monthly earnings
of the ten months the total net earnings for the
fiscal year ended April 80 would be approximately
100000 which would compare with S4.29560 in 1902
and $500 $50 in 1901 The last fiscal year has been
by far the most prosperous the company has had
The railroads have placed liberal orders for new
equipment and the plants of the company have
been operated just about their full capacity
throughout the year. Common stock holders, as pre-
dicted by Chairman BiXby at the last annual meet
ing have been benefited by the large earnings IN
that the common shares had their dividend in
creased during the year from per cent to 4
per cent basis a year
STEEL RAIi. IMPORTS.-Local steel officers
state that it is understood that few American
railroads which cannot get their immediate wants
for rails supplied here are trying 10 get IheH
abroad Al the basic price of sos ton the foreign
railrakers must pay the ocean freight. ana IN
addition the duty. which will make the rails sent
here net them less than ST a ton. One American
road which at one time negotiating for 10000
tons of rails abroad. is said TO have reopened the
matter
MARKET OPINION.-A prominent Wall Street
banker said yesterday:
houses that depend the patronage Of the public
heavL hank holdings at this centre, but the pros
poets, however, do not favor an 1mp9ttaht + aoul
lion TO bank reserves this summer ana II IS mere :
fore not considered probable that the amount OF
money in the local banks will be large enough 70
finance active upward movement III St3CNS
Wau Street commission houses are NOT making
hGiT 6teres PpesGaon situation which
not al all displeasing TO the conservative New
REPUBLIC IRON AND STEEL.-The operations
of the Republic Iron and Steel Company for the
six months ended June 80 will. according to official
fntimation show financial results approximating
those of the preceding six months. For that period
the surplus earnings amounted to S6n,00. after
making charges for Improvement and repairs and
deducting the dividend for the six months on the
nreferred stock Assuming that the earnings for
the current six months will equal those of the pre-
ceding six months the year will be the most sue
cessfuI the company has had since the first.
Observation-Disclosures CHEMICAL COMPANY
The recent depression in Virginia Carolina Chem
icaI and allied stocks is the natural consequence
of the advance in the price of cotton. The utiliza
ton of ccttonseed formerly to a large extent
waste product has grown fast that the quality
for sowing has deteriorated and cotton growers are
even doubtful about the necessary provision for
the next years crop. Seed therefore is scarce and
difficult to obtain and the forthcoming reports are
likely to he poor.
DIVIDENDS DECLARED-The North River
Savings Bank has declared semi-annuaI dividend
at the yearly rate of So per cent. The Emigrant
Industrial Savings Bank has declared a semi-an-
nual dividend at the yearly rate of 312 per cent
also the Union Dime Savings Institution and the
East River Savings Bank. The State Bank has
d. clared from the profits of the last six months
dividend of 10 per cent. The First National Bank
of Morrstown y. J.. has declared a semi-annuaI
dividend of . per cent, and dividend of >
per cent. The Mercantile National Bank has de-
clared a dividend OF per cent.
EXPORTS INCREASE.-Export of merchandise
for the week ended yesterday amounted in value to
over S2.500GO0 more than in the preceding week
and 100000 more than in the time last
year.