New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-23
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
10 600 shares in the local market, buying a Few
shares balance In London consols were IN
changed at SS1k. and the copper stocks were hrmer
All markets showed the effect Of the approaching
holidays, Money was easier in the open market IN
London. and foreign exchange rates were un-
changed In Paris and Berlin Bar silver was no
tfceablv strong. Both Japanese and Russian bonds
continue to show weakness in the London market.
STOCK LOAN QUOTATIONS-Loan quotations
were: Analgamated Copper, Anaconda, American
Ice Atchison common and preferred Brooklyn
Rapid Transit, Baltimore and Ohio common. Cana
dian Pacific Colorado Fuel and Iron, Delaware
and Hudson Erie common, first and second pre-
ferred Louisville and Nashville, Manhattan Mis-
souri, Pacific. Norfolk and Western. Metropolitan
Street Railway. Peoples Gas. Reading first pre-
ferred. Rock Island. St. Paul, Southern Railway
preferred Southern Pacific. Sugar, Tennessee Coal
and Iron, Union Pacific common and preferred.
United States Steel common. United States Leather
preferred Wabash preferred Western Union,
Shelters common and Republic Steel common.
per cent; New-York Central. Pennsylvania and
United States Steel preferred. 314g4 per cent
INTERNATIONAL PUMP. = The International
Pump Company delivered in the last month orders
aggregating 100000 According TO interests identi
fed with the company, the concern now has on its
books contracts that will keep the works busy for
the next year, without single order. Buying
of the companys securities N the last year of de-
cnins values has been for the account of insiders
who evidently realize that the constituent com
panies Of the organization dividend payers be-
fore the amalgamat ton effected. The com
pany's new works IN New-Jersey which are now in
operation, viii reduce operating expenses. while
they will increase the net earning power of the
company. The fact that the securities of the Inter
national Pump Company held by leading cap
ttalists and are in demand all offerings natu-
rally inspires speculative confidence in the issues
AMERICAN LOCOMOTIVE - The directors OF
the American Locomotive Company have declared
the regular quarterly dividend of IA per cent the
preferred stock. The buying in American Locomo-
tive was practically good. and there is no doubt
that the railroads will continue to add to their
motive power. all practically deficient in this
respect The orders received are large and IL is
known that the concern has enough work on hand
to keep its plants busy for six months to come
without any orders. 1t is understood that the
Atchison company viii spend a large amount Of
the proceeds from it's 100000 bond sale on
locomotives and new cars.
WHEELING AND LAKE ERIE.-The Sass 900
frst consolidated per cent bonds to be listed by
Wheeling and Lake Erie have been sold to REIN
burse the company for expenditures capital ac--
count. In the mortgage 81 0000 900 provided for
these purposes. of which 100000 was sold last
year
UNITED STATES STEEL EARNINGs-"The
Wall Street Journal says that good authority
on the Steel situation estimates the United States
Steel earnings at $137eO0O0 for the December quar-
ter. This is on a basis of S7.3OO-OOO for October
$3,5000cO for November and 100000 for. Deem
Der.
DELAWARE AND HUDSON.-The annual re-
port OF the Delaware and Hudson Company is ex-
pected to show surplus of between 10 per cent
and 20 per for the stock but this will not at
all represent the true earning capacity of the sys-
tem which this years volume Of earnings Is 1t
is reported. far short OF so per cent
STRICKEN FROM THE LIST.-The governing
committee Of the New-York Stock Exchange has
stricken from the list the capital stock of Con-
solldated Traction Company of Chicago.
APPLICATION TO LIST.-The Central Pacific
Railway Company has applied to the New-York
Stock Exchange TO list $2O2LO00 additional first
refunding mortgage per cent guaranteed bonds of
1890.
AT FOUR PER CENT.-The Broadway Savings
Institution and the Irving Savings Institution. of
this city, and the Dime Savings Bank of Will
iamsburS. have declared interest at per cent
year deposits for the period ending with the
close OF the year; and It is understood that these
institutions and the Seamen's Bank for Savings
will adhere to the per cent rate for 1904. 1t is
said 10 be not probable that any of the savings
banks which paying 315 per cent interest
will raise the rate next year to per cent one OF
the being the necessity of savings insitu-
tons paying l per cent State tax on surplus ac-
counts