New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-07
WALL STREET AND EXCHANGES

FOREIGN TRADINC.-Foreign houses dealt in
20 600 shares in the local market buying on balance
In London consols continued rather weak at CO.'S. a
decline of g per cent from the previous nights
close and the copper stocks and mining issues were
all heavy and lower. The Bank of England did not
change its rate. and made a somewhat colorless
return. showing, however. heavy loss IN bullion
the week
STOCK LOAN oUOTATIONs-Lo quotations
were: Amalgamated Copper. Anaconda. American
Ice. Atchison common and preferred. Brooklyn
Rapid Transit and Baltimore and Ohio common
per cent; Colorado Fuel. per cent; Delaware and
Hudson, Erie common, first and second preferred.
Louisville and Nashville. Manhattan. Missouri Pa
cifc. Norfolk and Western. Metropolitan Street
Railway, 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 and Wabash preferred. ? per cent; Cana
dian Pacific and Western Union. nat; New-York
Central 1sd1 per cent; Pennsylvania 1a115 per cent
United States Realty common. fiat, and preferred
1-64 per cent.
MARKET GOSSIP.-The market showed further
ralying power IN the early afternoon. with some
covering of professional shorts. in which the Wal
dorf crowd was conspicuous Advices were very
positive from good sources that the speculative
position was we'll in hand. but the attitude OF the
big interests seemed to be to reduce commitments
all round as much possible and get the market
in a state where it could have a rest, at the
dulneSS-
Harris, Gates & Co. c. L Hudson. c IInZesh eiuer
and tire Western houses seemed to represent about
the last of the days liquidation The supporting
orders in the Hartman stocks. but particularly
Southern Pacific directly traCeabls 70 the
controlling interest in those properties The Stand
ard OIL support in the market was less general.
and that Of the Morgan interest was mostly in the
Steel stocks. but the combined effect was Unques-
tionabiy the cause of the rally. The market closed
under the best, but at substantial rally on the
day There were some indications especially n the
loan crowd, that the short interest had been mate
rally reduced, and a few commission houses re-
ported that some of their customers we're disposed
10 take back stock sold higher.
LARGE EARNINGS OF PEOPLES GAS COM
PANY.-The Peoples Gas Light and Coke Company
for the first six months OF the current fiscal year
ended June 80 is said to have earned nearly the
entire dividend for twelve months. The prediction
is made that earnings Will approximate Il per cent
for the full year, compared with $50 per cent
earned the stock in 1902
NIRGINIA-CAROLINA CHENIICAL.-Virgaa-
Carolina Chemical is understood TO have been sue
cessful in the financing il undertook It's necsssi-
ties were perfectly legitimate and people inter-
ested in the company are disguised at the con-
struction put upon its borrowing.
BOND MARKET ATURES-CoutinertaI To-
bacco IS. on enormous dealings. gained go points
Union Pacific convertible Is were heavily dealt in
at a gain OF point and Wabash debeuture IS ar
a gain Of points.
LARGE BLOCKS OF STOCKS TRANS
FERRED--It is said that within the last few DAYS
large holder of General Electric. Consolidated
Gas and metropolitan Street Railway stocks sold
out. and that in the of at least one Of these
properties the buying Of the holdings was for the
account Of Standard Oil interests
SALES OF STERLING BILLS.-It is stated on
good authority that heavy sales Of sterling bis
this week were made 10 provide funds to enable
Important interests 10 protect the market