New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreisn houses dealt in
10000 shares in the local market. mostly sales. In
London consols were shade easier but the poti-
cal situation not disturbing the market at all.
The copper stocks all sold off and there was
pressure in the mining issues. The Bank Of Eng
land did not change its rate. and made a rather
weak return. showing low proportion OF reserve
liabilities and a heavy loss in bullion in the
week. Money continued easy abroad. and there
was feature in exchange.
MARKET GOSSIP.-The weak tone in Metropoi-
tan and Metropolitan Securities was one of the
disturbing incidents Of the day. the more so as
there resumption Of liquidation in General
Electric and Consolidated Gas, which would hardly
be selected IN such market for short selling The
development Disappointing the Street had
been inclined to think that the Philadelphia trac-
ton crowd had liquidated J. S. Bache &c Co. and
II. Content did something to help Amalgamated
Copper, but that stock failed to respond to the
Rio Tinto dividend. 1t was thought that there
was some further selling Of Kansas City Southern
for Amsterdam account. Baltimore sent some sell
ing orders in Tennessee Coal and Iron. The de-
velOpment Of weakness in Shelters in the early
trading to some extent sympathetic with the
decline in Amalgamated Copper. a good deal of
Amalgamated Copper was sold for Boston account,
and the selling of Sugar probably from the
same quarter. The Standard Oil brokers were used
in the former stock but very possibly for effect.
Traders sold st. Paul and did notice much dis
position among the usual Standard Oil brokers to
protect it, at least in the early trading Weakness
in Sugar Refining due in great part to unset
tied sugar trade conditions. Prices refined sugar
have declined 20 points in the last week.
STOCK LOAN QUOTATIONS.-Loa quotations
were: Arnalgamated Copper. Anaconda, American
Ice, Atchson preferred. Brooklyn Rapid Transit.
Delaware and Hudson, Erie common first and
ond 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 Pa
cihc common and preferred. United States Steel
common. United States Leather preferred and Wa
bash preferred. per cent; Baltimore and Ohio
common. Canadian Pacific. Colorado Fuel and
Pennsylvania. IL per cent; Atchison common.
Louisville and Nashville and United States Steel
preferred 11.a2 per cent; United States Realty
common and preferred, American Ice preferred and
Western Union fiat; Republic Steel preferred LIS
and Locomotive preferred. 1-6i
ROCK ISLAND MEETING.-The special meet
ing Of stockholders Of the Chicago. Rock Island
Pacific Railway Company for approval Of a bond
Issue Of $2J00o0UOo, convened at Davenport Iowa
yesterday, and adjourned until January T. 1894. at
Davenport. without action on the issue. Seven
hundred and seven thousand. two hundred and six
ty-three shares Of stock out Of 5000 repre-
scented at the annual meeting. held Immediately
afterward Directors were reelected. and the pur-
chaseS OF the Rock Island. the Peoria the Bur
Iington. Cedar Rapids and Northern were ratified
AMALGAAIATED COPPER.-Reports were cur
rent the board that at the next meeting Of
A'nalgamated directors. which will be held on Cc-
tober 10, the dividend will be passed director OF
the company said that there was no basis for this
reFOrt. that the directors had not Yet considered
the matter. and that he knew OF no director who
in favor Of any reduction. With copper selling
above 13 cents a pound. the company Is earning
considerably more than the per cent paid outside
Of the earnings OF the Boston and Montana which
earnings are temporarily tied UP in litigation
SEPTEMBER ANTHRACITE PRODUCTION
The official estimate Of anthracite coal production
In September Is 4654.4il tons. as compared with
blOS+O2 tons in August AS. $50 tons I'm September
1902. and 4S79167 tons In September 1901 The small
For the nire months ended September the out
against 1880 SIS tons in 1902
GREAT NORTHERN DIRECTORS REFLECT
ED.-At the annual meeting of the stockholders OF
the Great Northern Railway Company held in this
city yesterday, the following directors. whose term
Of office had expired, reelected for three
years: R. 1. harrington. NJ. V. Grover and Ed
ward Sawyer 1t officially stated after the
meeting that aside from the election OF directors
only routine business was transacted.
AMERICAN TELEPHONE.-The weakness in
American Telephone was. OF course due to the de-
csion against the company in its case with the
Western Union. 1t was noticeable that Western
Union was weak also from which traders inferred
that some considerable holder hurt elsewhere was
waiting for such an opportunity to market his
stock.
INTERNATIONAL MERCANTILE MARINE
Mercantile Marine bonds were offered al 90 seller
80: a bid for cash bonds made Mt gu
GULF AND SHIP ISLAND RAILROAD COM
PANY-A quarterly dividend of l per cent CDs,,g
common stock dividend No. 81 on the canitaI 60
of the Gulf and Ship Island Railroad Cornn,nv has
been declared. payable on October * 1000