New-York tribune., 1903-06-12
WALL STREET AND EXCHANGES.

so 900 shares in the local market ouylilS hea'S o
balance In London the copper stocks improved
and consols were frmer although the disturbances
in Seryia would it was thought, check the rally
there The Bank Of England did not change It's
rate, but made exceptionally strong return
showing high proportion of reserve to liabilities
and a large gain in bullion on the week There
was no feature in money or exchange quotations
In foreign centres.
STOCK LOAN QUOTATTONS.-Loan quotations
were: Amalgamated Copper, Anaconda, American
Ice Atchison and preferred, Brooklyn
Rapid Transit Baltimore and Ohio common Col
orado Fuel Delaware and Hudson, Erie common
first and second preferred, Louisville and NASHVILLE
Manhattan, Missouri Pacific. New-York Central
Norfolk and Western, Metropolitan Street Kali
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 81 per cent: Canadian Pacific, 112 per cent
MARKET GOSSIP.-The close was firm and
almost at the best Of the day. There was naturally
fair amount of profit taking by the floor traders
who had bought early but the effect of this was
noticeably small. There considerable snort
interest apparent. and it seemed to be getting
rather uneasy, stocks were difficult to get back
The Erie issues showed noticeable strength and
have been we'll bought for some time past The
day's movement indicated that the stock had been
taken off the Street, inference which was con-
frmed by a real demand in the loan crowd The
Hoffman House crowd good buyers of stock
around the especially early in the day. but did
not seem to care bid up for their requirements
in view of the marked natural strength of the mar
ket and its oversold condition. Lower Wall Street
is more actively bullish Sugar 1t IS asserted
that the stock has suffered more than its position
warranted the recent general decline while trade
conditions are. u anything. more favorable than
they were There is good authority for saying that
the Gould party is decidedly more bullsh than 1t
was The satisfactory crop reports from all over
their systems. and especially in Texas, have ma
terially influenced them. H. 6. We'll was bearish.
MEXICAN NATIONAL-Speyer & Co will now
proceed to carry out the terms of the Mexican
Nationals agreement with the government of
Mexico They agreed to act the fiscal agents OF
the company for period of ten years. On October
81 the holders of the common stock will be entitled
to surrender their certificates of deposit and receive
certificates to the amount of two-thirds OF common
stock deposited and cash payment at the rate of
So SO a share or take back their common stock
When the purchase by the government under the
plan is consummated the voting trust will be dis
solved.
LACKAWANNA's FERRY SERVICE Evi-
dences of the improved service of the Hoboken
Ferry Company since the Lackawanna Railroad
assumed control are becoming daily more apparent
AS RAPIDLY as possible each boat is being thoroughly
overhauled and already four have made their ap-
nearance from the repair dock. two of which have
been placed the Rarclay-st and two on the
Christopher-st. In addition to a thorough
overhauling the familiar Lackawanna shield in
blue and white appears on the stack, while the
name Lackawanna Railroad is painted on both
sides Steamboat have a high regard for the
boats of the Hoboken ferry account of the fine
lines of hulls and with the present renting
the fleet is practically good as new The change
in management has effected another Improvement
much appreciated by patrons. The bootblacks are
now forbidden to solicit business in the cabins. and
passengers are relieved from the annoyance caused
by the continual call of "Shinef The Netherla nds-
the Bergen the Musconetong and the Hepatcong
have had their overhauling, and are again in ser
vice while the remainder OF the feet viii he put
through the dock as rapidly possible.
WALL STREET CONDITIONS--"The Wall
Street Journal says the heads of the great banks
and trust companies to be much at sea
as to the full significance Of the movements in the
stock market as is the present public The presi-
dent of one of the greatest trust companies admits
that he is unable to throw any light on the situa-
ton. He regards the long continued liquidation in
stocks without single disaster as forming Of
the most remarkable chapters in Wall Street his
tory People are certainly depressed They cannot
helm being that In the prevailing atmosphere of
Wall Street but ne has not the slightest intima-
ton of any impending trouble, and moreover be
leves that the depression IS confined mostly to
New-York. The rest of the country is all right.
The president Of a leading bank said that the two
movements in the stock market-the liquidation and
the bear attack-were both as cleverly conducted
as anything he had seen in his thirty years
experience in the Street The mystery was puzzling
but the banking position was entirely sound.
NEW LISTINGS-Appication has been made to
the New-York Stock Exchange list the following
securities Missouri, Kansas and Texas first mort
gage per cent coupon bonds Of 1890 amounting TO
s2S2 600 making the amount listed S4OOO00O0 and
the Electric Storage Battery Company common
stock. amounting to $15795.725
VIRGINIA-CAROLINAC CHEMICAL-Applicatiou tiou
has been made TO the ste STOCK Exchange 70 st Of
year collateral trust per cent bonds of 1872
GOLD EXPORTS.-Baring. Magoun & Co have
engaged $500 900 gold eagles at the for
export to Argentina This, with the $500 600 enrsga1
previously reported. makes S-lO0,0OO to gt, out on
Saturday.
Facifics earnings for the first week in June of
$SO0oo. as compared with the same time last year.
From January gross earnings Of the system have
increased s2.35750S
EXPORTS OF DOMESTIC PRODUCTS