New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-03
MINING STOCKS.
WALL sTREET AND EXCHANGES.

FOREltTN IFtAOlNO.-f OT6lgn houses dealt IN
5000 shares, mostly sales In London consols were
a shade lower and the copper stocks were inclined
to sell off The mining markets were rather heavy.
American stocks were generally Il to y per cent
below parity. with realizing for New-York wher-
the market broad enough TO stand it.
The Bank of England did not change its rate and
showed some effect on the July disbursements in
the return. Exchange was rather hrmer in Paris
and Berlin.
STOCK LOAN QUoTATIONs-Loan quotations
were Analgamated 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
nessee Coal and Iron Union Pacific common and
preferred, United States Steel common and pre-
ferred. United States Leather preferred Wabash
preferred and Western Union. per cent.
CURRENCY MOVEMENT.-The principal move
ments of currency for the five days ending with
July l. as compiled by The Wall Street Journal"
indicate that the banks lost thereby $9733o0 They
received from the interior S. los 800 and the
interior $53042OO of which $4,000 was transferred
through the Sub-Treasury 10 New-Orleans and
100000 in gold coin went to Canada. The gain
from the interior was $647oO. Receipts of gold
were S593,5o0, OF which $53S, 200 was on New ork
Assay Office checks S24. 100 on San Francisco Mint
checks and $4,000 on Seattle Assay Office checks.
The ordinary disbursements of the Sub Treasury
were N4,5307 ZOO payments by banks to the Sub
Treasury for customs. internal revenue, per cent
redemption fund. etc. s6,262OoO. The loss on
sub-Treasury operations proper was 81. 1880 The
total gain from the interior and gold aggre-
gated s75S.000 Deductng this from the loss Of
s. 73l,300 to the Sub-Treasury. the let loss was
Sq73.3OO
RAILROAD INVEsTMENTs.-Fis & Robinson.
in their monthly bulletin. say:
= careful scrutiny Of the bonds available in the
market reveals the fact that, owing to the decline
TALLY secured. in many cases by first mortgage
lien, abso ueiy, or on large percentage of mile
az per cent and over per ann1 From this to
per cent We believe viii be found to be during
and that therefore such improved issues noav he
purchased TO advantage at this time. In some in
stances; the properties represented by the bonds
not so well known as the more Eastern and North
ern portions. but result of constant investiga-
ton We are convinced that these sections have sub
st2ntlal clements of growth and prosperity. which
viii enable the companies to maintain large earn
lnSS ana PROBABLY increase their incomes from year
to year. Some OF these properties are regularly
E aiieq 10y our ehslheers ana we are at all times
IN close touch with their management The bonds
mentioned in the bulletin Louisiana and Arkan-
IS, Gulf and Ship Island first mortgage 5s iron
Mountain tar. unifying As Santa Fe, Prescott and Ar-
iona hrst mortgage 5s and Central Pacific 319s
THE SUGAR Observation-Disclosures for the
week were again $500 tons. against 5000 tons the
corresponding week last year The receipts at
the four United States ports for the week amount
ed to 1888 tons against s. 81 the previous week
and 1888 last year. Total stock is 31s22 tons.
against 324 ,92S the previous week and 13Sr3 last
year. Four centrals are still grinding in Cuba
against two the same time year ego. The re-
ceipts in Cuba for the week amounted to Il. 600
tons, compared with 1900 the previous week and
661 last year The exports were IA $50 tons
against $3.50 the previous week and d 500 last
year. Stock is $4,000 tons, against 1850 last week
and 46 g9q last year
CHESAPEAKE AND OHIO-Chesapeake and
Ohio showed a weak tone. and there was some
bearish talk probably originating in Phia-
delpha, the lower price for bituminous coal
and the decreasing demand. It is worth remen-
beTing in this connection that Chesapeake had
labor troubles Of its during the anthracite
strike. and did not benefit from the larger demand
for bituminous the extent of the other coal
roads
BROOKLYN RAPID TRANSIT-Brooklyn Rap
ID Transit is in the market for 200 closed cars.
which involves an expenditure of about $500 900
The Brooklyn system has been adding materially
10 its equipment in the last few years and is
getting in position 70 handle the increased traffic
which it viii undoubtedly secure when the new
bridge is opened to Manhattan.
EXTRA HOLIDAYS.-The New York Coffee Elk
change the Produce Exchange and the Chicago
Board Of Trade will be closed to-day and Satur-
day. the salesrooms o. the sugar reiners will be
closed those DAYS, and the sugar and coffee
trade generally VIII observe fnOSe days as hOii-
DAYS The Stock and Cotton exchanges will be
open to-day.
CHANGE IN A TRUST COMPANY-At a meet
ing Of the Board Of Trustees OF the New-York Sc
curity and Trust Company. held July l. the resigna-
ton Of Ahram NJ Hyatt first vice-president.
owing 10 in health, was rendered and accepted
Osborn A Bright previously the second vice-presi-
dent was elected to hlI the vacancy created by Mr..
Hyatt's retirement.
REALTY COMPANY DECLARES DIVIDEND
The board Of directors OF the Alliance Realty Com
pany AZ a meeting yesterday declared dividend OF
IL per its apital stock. payable TO stock
holders on July 10.