New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-13
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
80 900 shares local market. all sales In Lon
don the copper stocks frmer. but the mining
issues unsettled and lower and consois were
weak again at $751; for money. a decline Of y per
cent. Money harder in the open market in all
the European centres. probably on the commence
ment OF the London mining settlement and the
beginning Of the settlement proper in London to-
morrow. Exchange easier in both Paris ana
Berlin The sales Of Steel preferred and Southern
Railway issues likely have represented long
stock the Atchison selling was pure arbitrase.
One Of the features of the market was the selling
Of stocks for Amsterdam and Berlin and perhaps
Paris by houses with foreign connections who do
arbitrage business The weakness in consos.
which showed n net decline of =. per cent on the
day. probably gives the key to the liquidation and
It may be supposed that European centres are
turning what they can into money with an eye
TO possible hostilities between Russia and Japan.
STOCK LOAN QUOTATIONS. - Amalgamated
Copper, Anaconda. American Ice, Atchson pre-
ferred Brooklyn Rapid Transit, Delaware and
Hudson. Erie common, first and second preferred.
Manhattan Missouri Pacific, Norfolk and West
ern. 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, United States Leather pre-
ferred. Wabash preferred per cent. United States
Steel preferred 1tza2 cent. Atchison common.
Baltimore and Ohio common, Canadian Pacific,
Colorado Fuel, Louisville and Nashville. Pennsyl-
United States Realty common and preferred
American Ice preferred. Western Union, Smelters
common and preferred fiat Republic Steel pre-
ferred 1-64d1-12S per cent, Locomotive preferred
1-64 per cent, Metropolitan Street Railway per
cent
AMALGAMATED COPPER.-Amagamate Cop
per stock of $4,000 shares now has market
value OF about S53475,0Io as compared with a
iet value of sol 100000 when the stock sold its
highest. of 100 a shrnkage of Sl4S02JOG0. The
alOD
absorption by Amalga sold at $50 600 900. or
for S,5eac0 more than the present market value
Of the whole Anna lga mated output. According
report filed at Butte. Boston and Montana in
the year ended June l earned $,O53 465 net. or
almost per cent the present market value OF
Amalgamated. Net earnings of companies last
year TO which Amalga mated was entitled amounted
10 u per cent Amalgamated's present price.
GULF AND SHIP ISLAND RAILROAD.-The
Gulf and Ship Island Railroad which has just
declared its regular quarterly dividend of I per
cent. payable October Is. reports for September
the highest gross earnings G1596ls, for any month
in ts history. For the three months ended Sep
ten Der 30 the gross earnings si4 $50 as COM
pared with s+o3 2O3 last year These increases ars
the more noteworthy in that the gross earnings
increased from 81 osoS49 In 1901 TO S3i4es in 1902
and to S.7O7f43 during the fiscal year ended June
30 last. Should the present rate of increase be
maintained the earnings for the current year will
q pIoximate 81 5000
APPLICATION TO LIST-Applicaton has been
de to the Stock Exchange to list 81 $50 600 first
consolidated mortgage per cent bonds of 1858 of
the Mobile Jackson and Kansas City Railroad
Company
DIVIDENDS DECLARED.-The Milwaukee EIec-
trio Railway and Light Company has declared the
regular quarterly dividend of 11a per cent on it's
preferred stock. payable November l.
81 PTEMBER REPORTS OF DOMESTIC PROD
UCTS.-The exports OF domestic products I'm Sep
TENDER amounted to $50 S39,sS7. as compared with
s36 o27,+S3 in August and s70O43732 in Septem-
Der. 1902.
MEXICAN CENTRAL.-The Mexican Central
committee, of which Benjamin F. Tracy is the
Chairman. has issued statement in which it ex-
entitled to an accounting with the company; is
entitled to know exactly how far the road can go in
expending its money for necessary" betterments
and additions; whether not the directors Of the
road are properly outstanding the property in the
interest OF all concerned. and not for the stock
holders alone. The road has increased its annual
earnings since 1892 from 100000 to s21 0o0Go vet
IN all this time, interest has been paid on the
income bonds. This committee believes that il is
improper Tor the railway company to issue de-
Venture certificates. the interest on which will
create a hXed charge which must be paid from the
income IL is believed by this committee that the
Oohus are valuable. such equity; according TO this
committee, as remains above the consolidated,
mortgages rlghtfully belongs to the income bond
hoiuerS ana cot to the stockholders until the
lhc' me bonds have been lquidated