New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-20
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt IN
1900 shares in the local market. all sales Ameri
stocks in the London market opened lower and
declined substantially what looked like heavy
profit taking for New-York. The copper stocks
were weaker and consols showed a further small
reaction the less satisfactory situation in the
Far East. Bar silver continued show very
marked strength. There feature in money
in any of the European centres. but exchange
fuctuated within limits in Paris and Berlin.
MARKET GOssIP-The decliro at the opening
had the effect of starting a renewal of the lquida
ton in the industrial issues. There some hope
Saturday that this might be postponed and the
stocks gradually realized in advancing market.
The selling of Amalgamated Copper by T. l. Manson
K Co, who were large buyers on Friday and Satur-
day had a disquieting effect. 1t taken ind-
that powerful trade interests had at
postponed their efforts advance the stock.
The buying of Harris. Gates & Co in Steel pre-
ferred, amounting to 10000 shares before midday.
was considered good as Indicating some Western
short interest still uncovered. The best support in
St Paul came from the covering of Western shorts
early in the day. The short interest was probably
extensive elsewhere. but there was not much dis
position cover. and. far. the bears have been
easily frightened even on rallies. There good
market for Erie all day. One of the floor traders
misnterpreted order sell 1000 shares lat the
market at the opening, and bought instead. This.
of course, put him long of 1900 shares, and he was
enabled to sell all the stock between 2715 and 27s.
There was some renewal of liquidation in Car and
Foundry common probably representing block of
stock held as collateral In loans. The leading
bond houses report the demand for bonds as being
now quite respectable. with indication of in
creasinR The business the counter in par
tcular is showing improvement and there is a bet
ter market the floor.
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamated Copper. Anaconda, American
Ice. Atchison preferred Brooklyn Rapid Transit
Delaware and Hudson Erie common. first ana
second preferred Manhattan, Missouri Pacific
Norfolk and Western. Metropolitan Street Rail-
way Peoples Gas Rock Island. St Paul. Southern
Railway preferred. Southern Pacific. Sugar. Ten
nessee Coal and Iron. United States Steel
mon, and Wabash preferred, per cent; AtchsOn
common. Baltimore and Ohio common Canadian
Pacific. Colorado Fuel. Louisville and Nashville
Pennsylvania. Reading first preferred Union Pa
cfc preferred and United States Steel preferred
Il. per cent American Ice preferred United States
Leather preferred. Western Union and SHELTERS
common preferred. fiat; New-York Central, l per
cent; Republic Steel preferred 1-64 per cent; Loco
motive preferred 1-32 per cent. and Consolidated
Tobacco preferred. LIPS per cent.
BROOKLYN RAPID TEANSIT.-The gross earn
ings of the Brooklyn Rapid Transit from July to
October u have increased Sf7O.0o0 the
spending period of year ago. There have been
delivered to the company lately between twenty
five and fifty freight cars. The receipt of these
has given rise to the statement that the
pany about begin the long talked of delivery
OF bulky freight building material, and the like
over lines 1t is stated by official of the
company that the road has twenty fat
cars, in all stages of repair. which have been and
being used for the transportation OF company
material and OF street paving material belonging
both TO the city and the railroad. and that II
It's intention to supplant these old with
CAR SHORTAGE ON THE ATCHISON-There
is no abatement in the rush Of grain traffic from
Kansas points the Gulf. The Atchson is crowd
shortage of cars will average about twelve hun
dred day. and practically four-fifths Of the de
hcieney may be attributed to the Southwestern
grain movement. Westbound merchandise is as
heavy last year. and all other classes of general
freight are relatively as large.
ST PAULS HEAVY TRAFFIC.-Officers of the
st Paul say that the roads inability supply
cars promptly assumed greater proportions
since there is a freer movement OF grain in the
northern territory of the system. The read is only
a few days behind orders for equipment. hut
the demand for is steadily gaining anad an
other week or ten days may bring forth serious
conditions. Traffic in volume keeps ahead of last
year. and the company does believe there will
be falling off in the winter
ATCHISON LEASE STORY DENIED "a dis
patch from Chicago quotes President RIpIev of the
Atchison road as giving the report about the pend
ing lease OF the Atchison system tv tho I-ni,n
Pacific the most emphatic denial Wv ''''"