New-York tribune., 1903-06-10
WALL STREET AND EXCHANGES.


5000 shares in the local market, mostly sales. In
London consoIs were again weak, and made a
further decline of u per cent, to SIS, on the tighter
money conditions on the Continent. The general
market rather featureless. and copper stocks
lower
STOCK LOAN QUoTATIONs.-Loa quotations
were: Amagamated Copper, Anaconda, American
Ice Atchison common snd preferred, Brooklyn
Rapid Transit, Baltimore and Ohio common, Col
orado Fuel Delaware and Hudson. Erie common,
and second preferred, Louisville and Nashville,
Manhattan, Missouri Pacific. New-York Central.
Norfolk and Western. Metropolitan Street Rail-
way. 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 and preferred United States
Leather preferred. Wabash preferred and Western
Union, per cent; Canadian Pacific 11a per cent.
and Pennsylvania, per cent.
INTERNATIONAL STEAM PUMP.-Earnings of
the International Steam Pump Company in the
year ended March 81 were larger than in any pre-
ceding year IN the history of the company The
company is doing large amount of improvement
work. A new plant is in course of construction in
New-Jersey. which when completed will be of
the largest works in the country. The foreign
business Is expected to be increased a result of
the amalgamaton of the concerns there. The Eu-
ropean company viii be controlled by the Steam
Pump Company through ownership of a majority
of the capital stock. At the annual meeting of
International Steam Pump Alfred Nathan was
elected director filling the vacancy caused by the
death of James H. Snow. Other directors
elected. The annual report will be issued in about
two weeks.
AMALGAMATED COPPER-A firm that is COM
monty known Lewisohn. brokers, sold
$1,000 shares of Amalgamated Copper between May
10 and June s. The Street believed that the Levi
sohns were nquidatfng copper, but 1t is said
that this selling for the account of two prom
inent Boston houses, and that 1t was finished on
Monday ]. R. Wiliston & Co. and J. S.
Bache &, Co. have also been considerable sellers in
the recent past. On the break 81 Friday of
last week the Standard Oil directors of the Anal
gamated Copper Company began to buy.
NO MATERIAL CHANGES IN STEEL PRICES
ACKNOWLEDGEMENTS of the United States
Steel Corporation quoted saying that 1t will
be several days yet before the announcement of
the price list for 1904 will be made They also state
that changes OF Importance will be made in the
schedule. 1t is intimated in circles claiming to
have good information that the statement of earn
ngs for the first six montsh of the fiscal year.
which Will not be given out until about July l. will
not be large for the corresponding six months
of 1902. because of delayed shipments. car
shortage and other temporary setbacks.
AMERICAN CAR AND FOUNDRY-It is Of
fcialy stated that at the Madison and st. Louis
shops of the American Car and Foundry Company
the water has backed up to the extent Of from four
to six feet, but is recedfng. AS soon as 1t
disappears it will require two or three days to
clean up the shops. when they will again be in full
working order. There will be damage to the
plants equipment. None of their men have been
drowned. reported. AT the most there will only
be shutdown of from ten days to two weeks de-
pending entirely the condition of the railroads
in regard to handling material The other twelve
plants of the company running to their full
capacity.
STEEL AND COPPER--Attention has been
called to a published article comparing the price
of United States Steel with the price of Anal
gamated Copper. This declares that. figuring on
the same basis with the present dividends in com
parison. the price of steel should be 12s and the
price of copper should be II. These COMPARISONS
made with the price Of steel selling a. and
copper selling at "a, at which figure they pay
ing 1176 per cent and 3.12 per cent respectively
Since then the price Of steel has declined from "a
to 80 and copper from Ga to 50. and from invest
nent standpoint 1t certainly looks If steel were
cheap. The of steel constantly on the
increase.
UNITED STATES LEATHER-The assents to
the proposition of the preferred stockholders COM
mittee of the United States Leather Company
amount already to 10000 shares and are be-
received in satisfactory quantities daily by the
Morton Trust Company
NEW WESTINGHOUSE STOCK ENTIRELY
SUBSCRIBED,-The time limit offered to subscribe
for the new stock of the Westinghouse Electric
and Manufacturing Company has expired It IL
said that the entire 90 600 shares recently offered to
shareholders have been applied for either by share
holders themselves by purchasers of rights
ATCHISON.-It is officially stated that there is no
truth in the report that Atchison has SOLD anv
bonds nor is there any intention to sell bonds at
present.
ILLINOIS CENTRAL-Gross earnings of thu IL
linos Central for April showed a gain in gross of
s90.s97 and gain In net of S15o.5sS From Julv I
gross increased g. sss. $50 and net ss52s2
WESTERN UNION.-The Western Union srecu
tive committee has recommended the declaration Of
the regular quarterly dividend of Ia per cent at
the board meeting to-day.
KNICKERBOCKER TRUST DrvrDENn-rho