New-York tribune., 1903-07-28
WALL STREET AND EXCHANGES.

FOREIGN TRADINCI.-Foreign houses dealt in
300O0 shares in the local market, selling % shares
In London there was little trading for arbitrage
account but more advances than declines were
shown. Upon the whole. there was nervous feel
ing showing itself in a dissemination to trade. The
copper stocks were rather hrmer, but consos were
duh and a shade off. Money a little harder in
London, but easier in Paris.
The demand for money increased in the
market yesterday. though the supplies ample
Discounts were firm. Business on the Stock Ex-
change not cheerful and operators were in
active apart from arranging ContaEgos. The differ
6nces being large, the market preferred to await
the outcome Of the settlement. Cousols were dull
the Japanese Russian not being reassuring but
they closed above The lowest quotations of the day
Home Rails generally recovered. Americans were
idle pending Developments. There was general
improvement after the receipts OF New-York's
opening prices. and stocks closed firm The follow
ing were some Of the latest quotations: Atchscn
Topeka and Santa Fe, SO: Baltimore and Ohio S.:
Canadian Pacific, 127l4: Chicago. Milwaukee and St
Paul 144 Erie, 25; Erie first preferred ssh; Louis
vile and Nashville. LOSE Southern Pacific 43; Union
Pacific 1873; United States Steel common. 2Ss4 do
preferred, 7414
STOCK LOAN QCOTATIONS.-Loa quotations
were: Anaalgamated Copper, Anaconda. Ane. lean
Ice, Atchison common and pi ieferred, BrooAlyn
Rapid Transit, Baltimore and Ohio common. Colo
rado Fuel Delaware and Hudson, Erie Common and
first and second preferred Louisville and Nashville
Manhattan. Missouri Pacific. Norfolk and Western
Metropolitan Street Railway. Pennsylvania Peo-
Pies Gas. Reading hrst preferred Rock Island ST
aul, Southern Railway preferred Southern Pacttc
sugar Tennessee Coal and Iron, Union Pacific com
mon and preferred, United States Steel common
and preferred United States Leather pre4arr.5
Wabash preferred and Western Union per cent.
Canadian Pacific fat; New-York Central per
cent
--ARKET GOssIP.--An1ong the bargain burrinr
buying, that il Delaware and Hudson was ss 800
as any. The selling in General Electric lcol,aL
rather god. and was ropuled TO come from -erIo
"Ao SHOULD know whether the new orders in hand
came up ID eXDecta uons The weakness IN 80
stocks as National Lead. Railway Steel Sariro ~, !
number Of other minor mdLstriaIs rcpresanted
pool liquidation. The more CONSERVATIVES hrot,ors
houses reported very good investment brvfng NJ.
atte-ldance OF customers who are only drawn into
Lhe etrset oV the opportunity to pick up cheap
STOCKS vas notlceahy large The strength in trs
Erie issues was in part due to the eynectad r.
showing Tor June. but seemed 20 be aIsr brla.o5
recognition Of the Importance of the fun divi1e,d
on inc N1St pre-erTed. This is taken to mean The
disso- -urion OF the voting trust IN due time IT.
the amount OF the second preferred outstanding g
50 small that its dividend is eynecred .orI1- -
year There was good buying in WABASH debAr,,,rs
Bs, especially as very weak element had -.
thoroughly snzzen out II is understood that the
Gould interest has been buying III. +ss,,a ,;.L -
VieN 10 It's ultimate retirement against an ohli.
ton bearing a lower interest and there g s-f1=-
number Of Investors who do not lose si-ht ~ ~.
fact that the bond is perpetual Ter cent char.
II they Go not choose to convert. Edward SV-ast e
Co.'S buying Of Canadian Facihc was taken ~ -
room to represent the covering Of short scco,,rt
The stock was In considerable demand A. - -
cent premium in the early trading and tba -,
chases Tor cash showed that some of the sborts
were getting nervous. There is verv UttJa 5o,,,-.
that the Street Is bare Of the stock which bs -,
gone into foreign and Canadian hands Peonla -
know what they ara talking about sav +ba+ 49,
Rock Island control is essentially SOUND aItb,,,L
II is generally admitted that the other rnjIion.a
created BY The United States Steel oonsoliIs+to-
are NJ longer market factor
ROCK ISLAND CROPS-The crop report ~ -.
Chicago. Rock Island and Pacific Railroad for tba
week ended July shows as follow $. Grourd 90
orally in good condition. In most localities -.
are being harvested. While in others they are anon,
ready 10 harvest Reports from all sections sta-a
that corn is growing nicely and doing well soroo
sections report wheat being harvested. while re-
ports generally indicate good hay cron Am
cro-~ are doing well al
PERE MARQUETTE.-Pere Marquette ststA-
ment Of earnings for the first six months =. ,eo.
shows large gain in net earnings although ths a.
crease IN expenses was relatively small II is nos
sible that the slight increase in expenses t A. =