New-York tribune., 1903-03-14
WALL STREET AND EXCHANGES.

40 n0 shares in the local market selling ZoVo
shares The mining stocks were the feature OF t'e
london market, and the Kaftr issues IN particular
were strong with advancing tendency on D. re-
-,,-o1 op Continental buying American stocks were
inclined to sag although there was evidence O.
pooI protection in Southern Pac1nc. quotations as
q rule were below parity Consols were nrn WIFI
out feature. There were no quofaple changes III
,oo,ev or exchange in anv Of the European centres
STOCK LOAN QCOTATIQNS.-Loan quotations
were: Amalgamated Copper. Anaconda, American
Ice Atchison common and preferred 6rooKlEi
Rapid Transit. Baltimore and Ohio common. 'ana-
dian Pacific Colorado Fuel Delaware and Hudson.
Erie common first and second preferred Lou1SV1he
and Nashville, Manhattan Missouri Pacln"' New
York Central. Metropolitan street Railway ->"r-
folk and Western. Peoples Gas Reading hrst pre-
Ferred Rock Island ST Paul, Southern Railway
preferred Southern Pacific Sugar. Tennessee coal
and Iron Union Pacific common, Union Pac1hc pre-
ferred United States Steel common and preferred
United States Leather preferred. Wabash preferren
ard Western Union. 51a and per cent
MARKET GOSSIP-It was thought thar the cop
per stocks held remarkably well, in view or the
selling induced by the decline IN the price or the
metal IN London. Trading generally pro-
fessionaI Reading in fair demand on talk or
heavy February earnings. Traders sold Sugar snort
and lower Wall Street bought. Buying M United
States Steel good and helped by the hulliSh
attitude of foreign operators The newly formed
pool in Louisville moderately active South
ern Pacific pool supported It's stock. The Standard
Oil interest seemed to have come in again, ana
some Of the buying in places was ascrtbed to the
Morgan interest. The professional element was
less hearish and inclined to think that We
should get the last Of the bad bank sta tements
this week. London selling was very we'll taken.
There was some talk in we'll Informed quarters or
the Gould party taking hold of Western Union at
present prices. The rally IN Wabash uncovered
ouite a considerable short interest and stop orders
were caught the advance. The buying OF Read
ing seemed to be largely by Wasserman Brothers..
and Pearl & Co. were also conspicuous 1t was said
r6a oc
proposition at the present levels Metropolitan was
run up rather easily on the shorts by the brokers
usually trading for the Whitney -Elkins crowd
CURRENCY MOVEMENT.-The principal move
n1ents of currency this week, compiled by The
Wall Street journal. indicate that the banks lost
thereby So They received from the interior
200 sent to the interior so91750o of which
$500 COO transferred through the Sub-Treasury
to New-OrIeans The gain from the interior was
S4727oo. Receipts Of new gold were N.26S,50o, Of
which 81 194 300 was New-York Assay Office
checks, $4,000 San Francisco Mint checks
and s24 600 Seattle Assay Office checks. The
banks received from the Sub-Treasrry ordinary
government disbursements $14,639,50o and paid to
the Sub-Treasury for customs internal revenue,
per cent redemption fund, retirement of circulation
etc. $2Om4.O0n The loss on Sub-Treasury opera
tions proper $5,3745oo The total gain from the
interior and gold 81 1920 Deducting this
from the loss of s5374 500 to the SubTreasury the
net loss $3633.3o0 The features this week are
an increase over last week in the gain from the in
decrease
opera ations-
SOUTHERN PACIFTC.-The decrease of . per
cent in gross earnings of Southern Pacific iii Jan
uary is accounted for by the falling off of cotton
tonnage to Galveston and the decrease in the vol
of grain moving by Southern Pacific lines
toward the Pacific. The light crops of Texas last
year good and sufficient for a slight
decrease in the earning power of the Texas lines
of the company. The decrease Of % per cent i'm
net is due In large part the lherality of the
m ne allowing
Grating expenses. but is also partly accounted for
by the increase in cost of fuel and the higher
wages paid The January report is closely In line
with the reports published for the last six months
GRAIN EXPORTS.-'Bradstreet's'' reports the
exports of wheat for the week %.365, 796 bushels.
against 391.4S6 bushels last week and 2,s0S.250
bushels last year; since July l. 167 Sis bushels
against 187168,295 bushels year. Corn for the
week 327 999 bushels against 3,s17609 bushels last
week and 1S3,4l+ bushels last year since July l.
3al5190 bushels against 25 $3.50 bushels veal
AMERICAN LOCOMOTIVE-Th American Io-
comotive Company has received an order for two
engines from Sidney. N s: six from Tennessee
Central and twenty-five from Mexican Central
AMERICAN CAR AND FOUNDRY.-The Amer
lean Car and Foundry Company has received neB
orders for follows: Burlington 2O0O coal;
Markie. Manufacturing Company 80 sondolas;
Chicago and Eastern Illinois. 1000 freight p
cabooses.
PRESSED STEEL CAR-The Pressed Steel car
Company has received an order for so coal $40
box and 800 steel from the Grand Trunk and
the St. Joseph and Grand Island has ordered 40
box from the Western Steel Car and Foundry
Company. which Is controlled by Pressed steel.
NEW Observation-Disclosures mas been made to
the Stock Exchange ~ list S. 25 100 additional Chi
caso and Northwestern Railway Company common
stock. M.#.
ELECTED MEMBER.-Henry B. Cannon has
been elected TO membership in the Stock Exchange
LACKAWANEA Steel. DIRECTORS-The fol-
lowing have been elected directors of the Laeka-