New-York tribune., 1903-06-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
1000 shares IN the local market. evenly divided
The advance in the German bank rate and the
hardening tendency of money In Berlin. accompa-
MED by weakness in exchange there. was the
principal feature of the cables. Paris exchange on
London was asieT. but the movement in Berlin
indicates that if any further gold exports are made
from here it will be Berlin Consols at 9ss lost
"a per cent of their recent advance. The copper
stocks in London easier. The general market
featureless
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamated Copper, Anaconda, American
Ice Atchison common and preferred. Brooklyn
Rapid Transit. Colorado Fuel. Delaware and Hud-
SON. Erie common. first and second preferred,
Louisville and Nashville. Manhattan. Missouri
Pacific New-YOrk Central. Norfolk and Western,
Metropolitan Street Railway. Peoples Gas, Reading
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. Baltimore and Ohio and Western Union.
per cent; Canadian Pacific and Pennsylvania. III
per cent.
PENNSYLVANIA-"The Wall Street Journal
says: I'VE understand that the Pennsylvania syn
dicate has been approached by certain powerful
interests who desire that, in the somewhat unlikely
of the syndicate being allotted on its under
writing any very large quantity of Pennsylvania
stock it shall be offered to them in block. 1t is
realized that the chances very much against
the syndicate getting large block of stock; but
should it do so. there is at least one very large
interest which stands ready to buy it for purposes
of control 1t is needless to that Pennsylvania
stock at 120 is bargain under almost any condi-
tions. but block at that price which would carry
with it practical control Of the property would be
very much greater bargain"
ST. PACL.-The strength in st. Paul throughout
the day was generally ascribed to the Standard Oil
influence The position of the stock is exception
ally strong. and there is no indication that 1t has
suffered materially from flood damage, While the
crop reports continue good. There has been no at
tempt to bid the price up. but round ABOUT these
figures ii is asserted that somebody has been hold
ing the bag.
AMALGAMATED COPPER.-In spite of the
early decline. Amaigamated Copper acted a good
deal better than any high class stock. H A.
Harrison's buying early considered good. and
round these prices the Standard Oil people seemed
willing to take stocks. although the trade is
looking for lower prices in the metal market 1t is
doubted If the present price can be maintained in
face of the decline in the metal in London. The
next dividend 1000 shares of Amaigamated has
been sold for three-quarters of l per cent. Five
eighths per is bid for the next dividend oIfs
1000 more. The last dividend was p per cent
MARKET NIEW.-A prominent interest says:
The most powerful bear clique ever organized is
now at work in 1.-THE stock market. 1t has made a
great deal of money and is daring. but it will
find before many days that it has been selling
stocks into a bag The recent drop in prices has
discounted a very great deal of bad If all
stocks that are now being loaned by the powerful
interests in Wall Street suddenly called in
there would be genuine bear panic.
ATCHISON-Ar AtchsOn officer denies that
dividends are to he cut. and says current earnings
for the year ending July will equal SI2 per cent
the common. President Ripley again says that flood
damage at Kansas City will not exceed $4,000.
GOLD EXPORT TO GERMANY.-kidder, Pea
body & Co have engaged $4,000 gold at the Assay
Office for shipment to Germany on the steamship
KrOnprinz Wilhelm to-day
Arbuckle Bros have made advance of cents
a hundred pounds in the price of refined sugars.
with 40 Easis for granulated. 10 change
in prices has been announced by the other refiners