New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-01
WALL STREET AND EXCHANGES.

FOREIGN TRADINGi-Foreien houses dealt in
5o0 shares in the local market selling 10000 shares
on balance. The sharp advance in consoIs gave a
strong tone to the rest Of the London market. The
investment buying a noticeable feature and the
financial situation in London was generally consid-
eIed better American stocks were irregular but
improved from the early quotations. and were most
ly above parity. Pennsylvania and New-York Cen
trail We're the strongest features The copper
stocks were active and higher and the mining de-
partInent showed general improvement. Money was
rather harder in the oren discount market In
Berlin
MARKET GOSSIP.-The weakness in PennsyI-
wanna was one of the most striking features OF the
reaction and probably did as much 10 turn the
market as anything else Street 6, Norton and the
traders hammered it. and although they appeared
to find fairly protecting orders around H. they
probably caught stock on the way down. The trad
ers VINO bought New-York Central early were dis
appointed at the result, and threw it over at a
loss. The buying by Flower & Co was one OF
the interesting incidents in Brooklyn Rapid Transit.
1t Is a long time since the same interest has APP
peared openly in the stock Poston was credited
with some of the selling In American Sugar. The
Gould brokers seemed to be taking care Of Mis-
souri, Pacific on the reaction. and did not think
much of the selling. The Western houses were
sellers Of the United States Steel issues and the
action of the bonds in particular was dsappoint-
ing. They sold off easily. in spite of the early
strength, and the inference was naturally drawn
that the realizing represented the holdings Of men,
bers OF the underwriting syndicate who had de-
cided 70 pull out. Traders who bulled New-York
Central on Tuesday and at the opening found that
they were getting good deal OF good long stock
and suspended their operations about midday in
spite of the scarcity of the stock in the loan
crowd Good judges Of the market gave Mr. Keene
the credit for the successful drive at PennsyI-
vania.
STOCK LOAN QUOTATIONS.-I.oa quotations
were: American Smelters common, Amalganated
Au1pri loo
ferred Brooklyn Rapid Transit Colorado Fuel
Delaware and Hudson, Erie common, first and sec
ond preferred Louisville and Nashville Manhattan
Missouri Pacific. Norfolk and Western Metropo-
tan Street Railway. Pennsylvania. Peoples Gas.
Reading first preferred. Rock Island. ST Paul
Southern Railway preferred. Southern Pacific
Sugar. Tennessee Coal and Iron Union Pacific COM
and preferred. United States Steel common
and preferred. United States Leather preferred.
and Wabash preferred. per cent. AtchisOu COM
mon and Baltimore and Ohio common 1i2G2 per
cent. American Ice. United States Realty common
and preferred. Western Union and New-Yorx Cen
traI. fiat; American Locomotive preferred and Re
public Steel preferred La; Canadian Pacific. IA
per
CONSOLIDATED TOBACCO DIVIDENDS-It is
rumored that the Consolidated Tobacco Company
proposes to declare another lump dividend of 20 per
cent carly in 1904. II this is done and all of the
new stock has been issued. the disbursement viii
mean the taking of $4,000 out of the company
treasury. Last January 20 per cent was declared
calling for 100000 Since that time the stock has
been increased 100000.
UNITED STATES STEEL SYNDICATE.-A cir
culaT. it is said. Will be issued, announcing
distribution the retiring members of the United
states Steel bond syndicate. II is understood that
the circular will show that of the 500 0000V0 bond
issue which the syndicate underworld, the syndi-
cate makes settlement the basis of an ownership
Of over 100000 bonds. This would indicate that
the stockholders took over $751; 000.
ST B-TREASURY OPERATIONS * W. Selg-
man Co. have received at the Suh-Treasury
S11oU0 account Of Australian gold deposited
by the AnSlo-C Californian Bank. Limited, in San
Francisco. Goldman Sachs & Go. have received at
the Sub-Treasury $500 90 or account of Australian
gold received at San Francisco. The Sub-Treas-
ury received 10000 for transfer To New-Orelans
and redeemed government bonds OF par value
of 1885,
NEW YEARLY BOND CONTRACT.-A thou
sand dollar interest bearing bond delivered the
receipt OF the second. and each subsequent pre-
MUM until twenty have been delivered Is "A feature
of the now yearly bond contract Just placed on
the market by the Mutual Life of Ney-York
TIME FOR DEPOSITING Observation-Disclosures
burg. Thalman & Co. announce that at the re-
quest OF income bondholders the time for the de-
posit of the bonds of the Mexican Central Railway
Company under their offer of August 10 has baar
extended To the close of business on October Al