New-York tribune., 1903-06-16
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
&C. 600 shares, mostly sales In London money was
easier in the open market and next to this the
weakness in Paris exchange on London was the
feature of the foreign cables. Bar silver was
lower. The sentiment the other side was not
be sarish but the obvious renewal Of liquidation oy
New-York left the arbtrage houses there with a
considerable block of stock to distribute on this
side It is admitted that the foreign investment
buying has recently been very good but it is essen
TALLY of an investment character and is not in
tended to protect this market from getting out of
hand. 1t is probable that if the local interests
here showed signs of weakness London would sell
stock and wait for better opportunity to buy
STOCK LOAN QUOTATIONS-Loan quotations
were: malgamated Copper. Anaconda. American
Ice Atchison common and preferred Brooklyn
Rapid Transit, Baltimore and Ohio common, Colo
rado 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
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. Western Union. 212 per
cent; Canadian Pacific per cent. and Pennsyl-
vana 1IR62 per cent
MISSOURI PACIFIC-It is stated in official
circles that the property loss sustained by Missouri
Pacific through the recent floods VIII not exceed IN
amount the receipts from single days business on
the road None of the bridges have been lost. with
the exception of two wooden structures, and all
damage can be speedily repaired. Tracks have
been washed in places, but restoration is com
paratively inexpensive and involves little delay
There has been material loss of rolling stock
and the road will soon again be back to us normal
state of efficiency. Reports as to crops are reas-
surfing and satisfactory. A comparatively small
area has been washed out, and. so far as wheat IS
concerned the crop is now out of danger from any
thing except continued wet weather Under IA
vorabe weather should make very good head
way as il has taken deep root, and with the moist
ure in the soil is prepared TO resist drouth for
long period. 1t denied that the crop is late
and that unless we get favorable weather during
the summer there may be some anxiety as TO pos
sble damage from frost in the fall This is the
ONLY unfavorable factor in the whole situation ana
as it is prospective rather than immediate the gem
eral crop condition in the roads territory is re-
garded as very satisfactory the whole The re-
ducton in corn acreage through planting being de-
layed too long by the floods will not be large.
MARKET GCSSIP.-F W. savin who seems to
represent a rather extensive professional trading
element at present was early seller around the
room in considerable quantity. There was some
evidence of the liquidation of rather weak bull
account in Brooklyn Rapid Transit The United
States shpbuilding matter was a subject of some
discussion in the Street but ii is more than doubt
full If it had any real market influence. The cost
of the foods to the railroads was used as bear
argument in the early selling and 1t asserted
that all the roads traversing the Kansas River,
Missouri and Mississippi valleys would be heavy
sufferers The renewal of liquidation for Canadian
account was rather disturbing although the sup
mort in Canadian Pacific uniformly good. In
the last half hour the Standard Oil interest
selling stocks rather freely around the room.
ATCHIsON EARNINGS. BETTER THAN Ex-
PECTED.-Directors of the Atchson Topeka and
Santa Fe say that the returns of the company for
the first week in June do not show large de-
crease as a consequence of the floods and wash
outs as had been expected. A considerable loss
in earnings been looked for because of the in
terri ption OF traffic Kansas City and through
the flooded sections. but the increased business
the company's lines not affected by the overfows
has gone far to reduce the total net loss.
COPPER EXPORTS.-Exports of copper for May.
as complied by the New-York Metal EXCHANGE
were 91s2 tons. April exports i3 $50 tons For
the first five months of 1908 copper exports de-
creased $500 tons compared with those of the
same five months of last year. The London market
is extremely nervous. and Is at a loss o know
whether the market this side is a ma
nipulated The opinion in the trade is that
exports Will coatinue to show slight decreases
throughout the year.
UNITED STATES sTEEL-The United States
fixing of the price of ~teel rails the coming
year. The best information indicates that very
little reduction. if any will be made the pres
price of s2s Il ton.
sLOSS- S-SHBFFTELD.-Ac the meeting of Sloss-
declaring the dividend on the stock