New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-14
WALL, STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
* nNo shares in the local market, evenly divided
In London Consos rallied and the mining stocks
were steadier. The feeling about the settlement
r,os more tranquil. The advance in the American
list iust about equalled the contango as the trad
ing was for the account terminating OCTOBER
% The settlement was proceeding satisfactorily.
Money was easier in Paris and Berlin and exchange
was harder in the latter centre Bar silver was
strong.
STOCK LOAN QUOTATIONs.-Loan quotations
were: Arnalgamated Copper. Anaconda American
Ice. Atchison preferred. Brooklyn Rapid Transit.
Delaware and Hudson Erie common, first and
second preferred Manhattan Missouri Pacific Nor
folk 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 United States Leather preferred and
Wabash preferred. per cent; Atchson common
Louisville and Nashville and United States Steel
preferred. 1lzQ2 per cent: Baltimore and Ohio COM
mon and Pennsylvania, IL per cent United States
Realty common and preferred, American Ice pre-
ferred and Western Union. fat Republic Steel pre-
fcrred 1-32G1-4 per cent; Locomotive preferred 1-6
percent and Baltimore and Ohio preferred. 20
per cent.
CANADIAN PACIFIC.-At a recent annual meet
ing Of the stockholders Of the Canadian Pacific
Railway Company the expenditure Of several million
dollars for equipment ard Improvements was
authorized. The management was instructed to
charge the amount expended to capital account
Out of these facts has grown the rumor that
additional issue of the common stock of the COM
pany is pending. There is for believing that
the money for these purposes will be raised not
by the issue o. common stock, but of consolidated
debenture stock. This is a sterling security and
consequence will be marketed abroad.
AMALGAMATED COPPER.-It Is believed that
the regular quarterly dividend of y of l per cent
will be declared by the directors of the Amalga-
mated Copper Company tomorrow. the direc
tors of the Boston and Montana Company have
declared the regular quarterly dividend of 81
share the stock of that company practically
all of which is owned by the Amalgamated com
pany An Amalgamated interest says that the
profits from copper really have nothing TO do with
the declara ton of dividends Amalgamated
stock, for earnings OF the Amagamated company
from its railroads. timber properties. it's general
stores, which stores alone return the company
$4,000 net profit year; it's banks, water COM
panies. newspapers etc. when the properties are
all In operation. return the company amount
sufficient to pay per cent a year on 1.5j0OOO
Amalgamated shares
AMERICAN CAR AND FOUNDRY-In view or
the recent decline of several points in the pre-
ferred STOCK or the American Car and Foundry
Company 1t Is pointed out that the LIQUID assets
of the company equal to nearly $50 for each
share of the companys preferred stock the amount
OF which Is $4,000 shares. without taking into con-
siuerdtoh tue Fslue OF the companys plants and
properties which are exceedingly valuable The
shops. three passenger car shons ,h,r+ -,
foundres. fourteen casting foundries fourtean
forging shops. two pipe foundries two rol1,Dr am.
two axle forges. TWO saw mills two maIleable fo,r
dries four brass foundries and all tba ,t,,
shops necessary for the proper conduct NJ e. -,
era car business. The works and storevards -
about 425 acres of ground. The comnar,, - 20
bonded indebtedness and interests in the COMPANY
point out that this is an Important fact in raror,
ing the value of the preferred stock As 20 ,'rao
business, IL IS admitted that ID volume is NJ, 80
so large as 1t was this time last wear -, $50
this exception current operations show respI,s
equal To or in excess OF all other years
MARKET GOSSIP.-While the minority, s,o.,. -
Colorado Fuel Is not an important matter the as
of it's severe decline comparatively few,
OF stock was bad 1t was thought that the t,.
fellers would protect property In which the,,
so considerably Interested One two stop orsa.o
caught the way down. American -.
motive preferred broke easily on a few hunarss
shares. The movement was obviously part OF IN =