New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreisn houses dealt in
10000 shares in the local market. selling on bal
ance. In London. consols were rather heavy. but
not quotably changed, and the copper stocks
easier. Money rather easier i'm London but
exchange was n shade lower in Paris and Berlin.
MARKET GOSSIP.-Mr. Keene and the Waldorf
crowd got the credit for the advance and seemed
to have created a fair following mostly. however.
of the minor sem-professional element in the
Street. The commission houses did not seem TO be
doing much. The Improvement in the minor indus
trials OF the best features. It was thought
that the rally of Friday and Saturday had fac-
tated the Liquidation of one or two weak lines
particularly in the railroad equipment issues and
perhaps also in Shelters In view Of the near APP
proach OF the extra session OF Congress and the
general belief that Cuban reciprocity will be the
principal business, IL was interesting to note that
OF the Sugar buying orders from
Washington. For the first time in considerable
period the houses with lower Wall Street Connec-
lions, were quite aggressive buyers Of Sugar.
There was probably some Boston short interest to
help the advance. The trading largely pro-
fessional. but stocks rallied we'll enough to give
the, impression of some small scare among the
shorts. After the traders had made up their minds
that the 10000 shares sold early represented the
extent of Wassermann orders In Reading. they put
up the common stock very easily. London sold
little of it the advance. Philadelphia was fair
buyer After ralying with the rest of the market
Louisville checked and there is some reason to
think that the liquidation in that stock is yet
The renewed buying Of Alton by Hallgarten
& Co. attracted attention 1t their pur-
chases that put the stock up in the past.
STOCK LOAN OUOTATIoNs.-Loan quotations
were: Amalgamated Copper. Anaconda. American
Ice Brooklyn Rapid Transit. Delaware and Hudson
Erie common, first and second preferred. Manhat-
tan, Missouri Pacific. Norfolk and Western. Metro
potan Street Railway, Peoples Gas, Reading first
preferred. Rock Island. ST Paul Southern Railway
preferred, Southern Pacific. Sugar, Tennessee Coal
Iron nd
cent; Atchison common and preferred. Louisville
and Nashville and Union Pacific common. ~ 70
per cent; Baltimore and Ohio common. Canadian
Pacific. Colorado Fuel. Pennsylvania. Union Pacific
preferred United States Steel preferred and United
States Leather preferred IL United States
Realty common and preferred, American Ice pre-
ferred. Shelters common and preferred and West
Union. fiat: New-York Central. per cent Re
public Steel preferred and Locomotive preferred,
LA per cent; Wabash preferred. per cent.
ERIE'S PROSPECTS Wall Street Journal
says:
In spite of the recent selling OF Erie Mr. Morgan
and his friends continue to take most hopeful
and definitely ntimated that the second preferred
will be put on n per cent basis next year. Under
the purchase 0, the second preferred as relatively
the cheapest of the three classes of stocks other
large speculative interests in Erie maintain that
with the Improvement which the property will show
profit will be in the common Stock 1t costs at
present less TO carry than the other stocks and II
in the property. they believe the common stock
will sell as high relatively as any OF the others.
TENNESSEE COPPER.-A director of the Ten
nessee Copper Company says: with our improved
method of treating the ore shall be in Il position
TO produce over 15o0OG0 pounds during 1904 and
close TO 25.000OD0 pounds during 1905. The company
will be able to pay between 81 and 80 a share in
dividends.
NORTHERN SECURITIES.-A banker who is
closely associated with james ]. Hill is quoted S
saying that there will be great upward move
mont in this market until the Northern Securities
decision has been rendered. If the Is decided
against the company. every road in this country
will be fighting "A lawsuit This market will not
be allowed TO advance until ii is known what the
Supreme Court decides
BALTIMORE AND OIIO.-The earnings OF the
Baltimore and Ohio Railroad this year IL is under
stood will be the largest in the history of the
road Ii is said that the increase over last year.
which broke all records. Will be 10 per cent and
the gross earnings will exceed a5 10000 II Is be-
lieVed that both the gross and net earnings will
show 10 per cent Increase
MONEY FOR BALTIMORE-The Sub-Treasury
transferred yesterday FOR, banks 100000 To Bati-
more Direct shipment by banks are estimated at
NoVo'VtP more making IN all about SlSoO.oO.
SOUTHERN RAILWAYS EARNINGS-Earn-
inSs of the southern Railway for the second week
in october INCREASED sd.oS2 over the same time
year ago. making a gain from July | of Sss3 0.2
CORN PRODUCTS SALES INCREASING If -
stated that the sales of the Corn Products Com
pany show large gains over last rear A feature IA
said 10 ne that the American Sugar Rennin. COM
pany - buying glucose In large qua ntitias ~