New-York tribune., 1903-07-18
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt in
10000 shares in the local market. selling 5000
shares balance. In London there were no feat
ures in the general market Sentiment was more
hopeful American stocks, particularly New
York Central and Canadian Pacific.
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamated Copper. Anaconda, American
Ice, Atchson common and preferred. Brooklyn
Rapid Transit, Baltimore and Ohio common. Col
orado Fuel, Delaware and Hudson, Erie common.
first and second preferred Louisville and Nash
ville Manhattan, Missouri Pacific, New-York Cen
trail. Norfolk and Western, Metropolitan Street
Railway Peoples Gas. Reading first preferred.
Rock Island. St Paul. Southern Railway pre-
ferred. 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. 1-6+dE12S per
cent and fiat; Pennsylvania, 21s per cent
MARKET GOSSIP.-The sharp break in Colorado
Fuel in the second hour had the effect of checking
the advance in the list for time, and there
some disappointment that London did not appear
a large buyer some had expected. Commits
sion houses inclined to be somewhat
bullish and thought the short interest in the
ket large. The decline in Colorado Fuel
selling by brokers' who usually act for the Os-
good interest 1t noticeable that the same
parties were large buyers of the stock the rise
a couple OF weeks ago There considerable
buying at various points by brokers usually acting
for Standard Oil interests, but whether this
really Standard Oil buying was. of course. a mat
ter OF uncertainty. Tennessee Coal and Iron
showed some tendency to sympathize with Colo
RADIO Fuel and Iron. There was appearance Of
liquidation in Rock Island. but apparently a fair
market for any stock Offering In the early after
the bears made a further effort to depress
prices. concentrating their efforts largely Rock
Island, but while this stock gave way to a con-
siderable extent the general market did not SYM
pathize. and the defeat of this attempt was fol-
lowed by covering movement with good rallies
all through the list One of the leading insurance
companies has recently been liqudating the loans
Of a we'll known steel man. but it is thought that
this operation has been about completed. The GER
tainty that Atchison will have a very large wheat
tonnage is attracting favorable attention to that
stock, and as dividends to be assured and the
short interest is apparently large a fair advance
is looked for in many quarters. There was an ap-
pearance of real liquidation in Rock Island and
the stock was put under bear pressure for effect
on the general list. The lower prices in this issue
did not, however. have much effect in other quar-
ters. In the last hour the market became ag-
gressively strong and shorts covered freely. The
failure Of the unfavorable rumors to materiaIize
induced the commission houses to take a somewhat
more active interest the bull side. and the con-
sensus of opinion seemed to favor higher prices
CURRENCY MOVEME1ST.-The princfpal move
ments Of currency this week as compiled by- The
Wall Street Journal" indicate that the hanks
gained thereby $47S7SOO They received from the
interior @6l6, 100 and to the interior ST. $50 500
of which there were transferred through the Sub
Orleans. The gain from the interior was s57s9 500
Receipts of new gold s. 800 of which SS45-
600 was on New-York Assay Office checks S132 500
on Seattle Assay Office checks for Klondike gold
and $500 on San Francisco Mint checks Gold
exports were S.1H,4Oo. of which $2SS 100 went to
Paris July II and S3l4.OOO to Berlin on July Is
The ordinary disbursements by tGs. b-Treasury
were S19,OS57O0; payments by the banks to the
Sub-Treasury for customs internal revenue. 5 per
cent redemption fund. etc. were HSSO36OO The
gain on Sub-Treasury operations proper was HS2-
100 The total gain from the interior. new gold
and the Sub-Treasury was 1929 200: deductng the
loss of S,1A,4OO by gold exports the net gain was
$4.7S7, 500"
D. l. AND ". FERRY PLANS,-It is under
stood that the announced intention of the Della
ware. Lackawanna and Western to give up the
Fourteenthst. ferry will If carried out be in con-
formity with its plans made at the time it bought
the ferry system. II contemplates establishing a
new ferry between Twenty -secOnd-st and Hobo
ken. which will practically take the place OF the
FOurteenth-st ferry. Instead Of landing passen-
gers as heretofore at Fourteenth-st it intends
TO land them further uptown at Twenty-second-st,
which is easier of access and affords better and
quicker crosstown accommodations
STANDARD ROPE AND TWINE--The interest
on the first mortgage bonds of the Standard Rope
and Twine Company will be paid usual on
August l, when ii is due. the directors of the
bonds have had "A marked decline recently. which
was accompanied by ruTnors that the company
might default on the first mortsage interest II is
conceded that earnings the last year nave been dis
aPR9nIing The company mas nad aIe iIacreasSd Ease com
pered in conducting its business by lack of work
ing capital
GRAIN EXPORTS" -"Bradstreet reports the
exports OF wheat for the week, $;652,7A bushels
against 2SS0.4lO bushels last week aud 3.75. 30
against s,i7a$s7 bushels last year. Corn for the
week Ile3 44 bushels asanst & xes2V04 bushels last
e9g7 ass bushels against Sl5s7o bushels last year.