New-York tribune., 1903-05-23
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt in
$4,000 shares in the local market, all purchases
Following the enormous oversubscr1puon OF the
Transvaal loan the success of the Brazilian issue
was regarded as significant, showing the grow
ing feeling of confidence among English investors
London markets were generally without special
feature. but consos continued strong. Rails were
a feature, showing a tendency to decline.
STOCK LOAN QUOTATIONS.-Ioan quotations
were AmaIgamated Copper, Anaconda. American
Ice Atchison common and preferred, Brooklyn
apid Transit Colorado Fuel Delaware and Hud-
con, Erie common, first and second preferred,
Louisville and Nashville Manhattan, Missouri
Pacific New-York Central, Norfolk and Western
Metropolitan Street Railway, Pennsylvania. Peo-
pIes Gas, Reading first preferred, Rock Island,
ST Paul Southern Railway preferred, Southern
Pacific Sugar Tennessee Coal and Iron, Union
Pacific common Union Pacific preferred, United
States Steel common and preferred United States
Leather preferred, Wabash preferred. Western
Union and Baltimore and Ohio, az per cent; Ca
madam Pacific, fat and z per cent
CURRENCY MOVEMENT-The principal move
ments Of currency for the week ending Thursday.
May 81 as compiled by The Wall Street Journal.
indicate that the banks gained thereby $l,4OzZ"'
They received from the interior S8O9S500 and sent
TO the interior s219SO0 of which s25oOoo trans
ferred through the Sub-Treasury to New Orleans.
The gain from the interior So S12,200 Receipts
Of new gold were ss2o6Oo. of which s721S00 was on
New-York assay office checks. S190,lO0 on san Fran
cisco mint checks and telegraphic transfers and
amounted to S156sO of which $S6O 900 in bars
to Paris $3.50 600 IN coin Argentina and 100000
in coin to Canada. The ordinary disbursements by
the Sub-Treasury S19 sos 400: payments to the
sub-Treasury for customs. internal revenue per
cent redemption fund, etc, were S19379,1W. The
gain on sub-Treasury operations proper S2s5Oo.
The total gain from the interior. gold and the
Sub-Treasury was s6 S59, 100 deducting the loss OF
So geo by gold exports, the net gain was 0z0
The feature this week is the large gain in currency
af,D4e Wv ",
divided between nearby cities the Central South
and the Middle States. The greater part of ship
r1ents went to nearby cities Customs receipts for
the week were S3.1s7,5s1 pension payments. 81
264 900.
CLOSING MARKET FEATURES-In the last
hour stocks developed q sagsinG tendency, and
there was quite q little profit taking in quarters
where II was held that the early advance had been
rather too rapid. Reports the crop conditions
were by no means uniformly favorable and the
fact that Dun's report indicated that
from two four weeks late had depressing ef-
feet. A number of rumors were in circulation 10
account for the break in Minneapolis and St. Louis.
and in this connection 1t we'll to remember
that earnings for a considerable time have been
running satisfactorily on account Of the low ton
mage
CONDITION OF THE CROPS-Prime's crop
bureau. Chicago reports that general drouth still
continues east of the Mississippi River. Winter
wheat is spotted. and the HesSian fly, which
was in the wheat and damaged it badly in the fall
1902. is at work now, and threatens still further
iniure it. The oats crop also is suffering from
want OF rain. but not badly in the East Corn
is coming very slowly and poorly. Taking the crop
situation a whole, the outlook IS not. according
Prime encouraging
GRAIN EXPORTS.-'cBradstree reports the
exports of wheat for the week 5293. .373 bushels
against 1907 99S bushels last week 51S S39 bush
els last year since July l. 200.S94 1872 bushels
against 90 524 201 bushels last year Corn for the
week. 181+1S6 bushels against 1431 bushels last
week and 30 969 bushels last year; since July 1
G2 bushels against % S29 119 bushels last year
AMERICAN CAR AND FOCNDRY-The Ameri-
can Car and Foundry Company has received an
order for eight postal and ten express cars from
the Southern Railway and miscella neous orders
for thirty freight cars.
MORE GOLD FOR ARGENTINA-It is reported
that additional 500 00O gold coin will be shipped
to Argentina Monday. This will make the total
shipments to that country Monday 81 500 000
BROOKLYN RAPID TRANSITION Sunday. Nav
Il. the Brooklyn Rapid Transit Company carried
100000 paying passengers, taking in $4,000 For
of the Brooklyn Rapid Transit Company increased
S25G0 over the same period in 1902. Increase at
the rate of s4.209 a day.
HOOKING NALLEY.-Applcation has been mad.
to the Stock Exchange to list Hooking Valley Rail
road Company $4,000 additional first consoIidatad
mortgage lG0-year AZ per cent bonds of 1899
PENNSYLVANIA APRIL STATEMENT-It is
that the April statement of earr &C -
crease of 81. 100000 in gross returns and gain of
100000 in net. "
STILL THEY GO.-The Metropolitan Trust Com,
pany. which recently merged with the AtIa0tic
Trust Company, yesterday announced through IT'S
president Brayton Ives. that it would withdraw
from the Clearing House.