New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-22
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
5000 shares in the local market selling 2O shares
on balance. In London there was no feature in
money. but exchange in Berlin was a little easier
Bar silver was somewhat inclined TO sell off. The
steadiness Of consols showed that there was moth
ing in the European Far Eastern political stu
atoms affecting the market. and the selling in
American stocks generally thought be
traceable to New-York.
STOCK LOAN QUOTATIONs-Loan quotations
were: Anna lgamated Copper. Anaconda American
Ice. Brooklyn Rapid Transit. Colorado Fuel. Della
ware and Hudson. Erie common, first and second
preferred Manhattan. Missouri Pacific. Norfolk
and Western. Metropolitan Street Railway Peo-
pies Gas. Reading first preferred Rock Island St
Paul. Southern Railway preferred, Southern Pa
cic, Sugar, Tennessee Coal and Iron. United States
Steel common and Wabash preferred > per cent
Atchison common and Union Pacific common. 11zQ2
per cent; Baltimore and Ohio common Canadian
Union Pacific preferred tinted states Steel pre-
ferred and United States Leather PREFERRED 1s per
cent; New York Central. per cent; American Ice
ferred. Western Union and SHELTERS common and
preferred, fat Republic Steel preferred and Loco
motive preferred, 1-64 per cent.
ATcHIsON NOT REDUCING ITS FORCE-E.
p. Ripley, president of the Atchison. Topeka and
Santa Fe is quoted in a Chicago dispatch as fol-
lows:
The reports from the East that railroads lay
Western railroad conditions. There is no laying off
on our lines and absolutely no sign Of slackenng
ment though We have a busy time ahead as far
as next March. or course We may not be pressed
Gus diminution- The car shortage Is serious but
not any more so than usual in the fan. when We
expect 1t. Crops throughout territory made
and they are good the last sovernment report on
retrenchment is being followed by some roads is an
unnecessary announcement. as the operating ex-
penses are always carefully watched In this par
tcular ii cannot be doubted that railroad men
receiving high wages. fact that IS increasing op-
Grating expenses to n serious extent.
ppnIrr cEy-nNn STEEv.
The report was confirmed yesterday afternoon that
members OF the second United States Steel Cor
poration syndicate. who withdrew on October 1 and
paid up their entire liability. have received
preferred stock deposited under the bond CONVEX
sion plan II is understood that the payments were
equivalent to dividend OF about per cent on the
stock deposited. The first syndicate. which orig
inally underwrote the United states steel STOCK
paid dividends aggresating about % per cent
INTERNATIONAL. PAPER COMPANY.-The In
ternational Paper Company has made application
TO the New-YorS Stock Exchange to list $4,000
additional first consolidated mortgage per cent
bonds Of 1915 to pay off prior lien bonds on the
Glens Falls (N. " and Otis Falls CMe) plants
When the International Paper Company was
formed. in 1898. these plants. and in addition the
Falmouth Paper Company; were incun6ered WITH
Paper Company assumed this Indebtedness and
provided for their payment by issuing first mort
bonds have been EXCHANGED by their holders for
COMPANY leaving 600 Of these prior lien bonds
still TO be paid off.
BOND MARKET 1MPROVING-The demand for
bonds is improving Business over the counter
has shown marked gain. and some blocks OF
$3.50 COO and $4,000 have changed hands. This Is
particularly the In bonds for savings banks
The bond houses themselves are ready buyers. "a
hey believe they considerable increase in
tie public demand in the future.
AMALGAMATED COPPER.-The stories of an
extensive short interest in AmaIgamated Copper
are not believed in well informed quarters. There
ia no sign of it in the loan crowd and borrowing
the stock privately would be dangerous. as show
ing the market position too plainly to the very
some short position by people who long OF the
stock for their customers.
PEOPLES GAS.-The advance in Peoples Gas
was made on buying orders. mostly from Chicago
or from friends of the property here. II might
have Indicated the possession OF light
the 75-cent question. but IL is not improb-
for holders hurt elsewhere has been concluded.
DRY GOODS TRADE PROPERTY.-The direct
ors of The II. b. Clafin Co. have declared the
quarterly dividends of IA per cent the first pre-
ferred stock and IL per cent on the second pre-
ferred payable October 81.
ROCK ISLAND THE PURCHASER.-It is said
that the recent purchases of Atchison have gone
to the First National Bank which Is the depository
OF the Rock Island holdings.
ELECTED DIRECToR-wiIam Willis Mer-
rill was yesterday elected a member of the Board
OF Directors or the Bowling Green Trust Company.