New-York tribune., 1903-01-07
WALL STREET AND EXCHANGES.

FOREIGN TRADING-F'oreign houses dealt in
% 600 shares. evenly divided. American stocks IN
London were generally firm and practically all the
active issues showed advances Of Il to q per cent
Some American buying in the soft coal stocks was
reported but there was fair local interest and
brokers usually acting for the Continent were puF-
ers Consols were firm, but featureless, and the
general market was steady. Continental hourses re-
corded no important changes. Money continued
easy in all the European centres There was an
easier tendency to exchange in Berlin. Bar silver
made a moderate recovery
STOCK LOAN QUoTATIONs.-Loa quotations
were Amalgamated Copper, Anaconda, American
Ice Atchson common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common, Chi
cago Terminal, Colorado Fuel, Delaware and Hud-
son Eric common first and second preferred. Louis
VILE and Nashville, Manhattan, Missouri Pacific
NJw-York Central. Northwestern. Norfolk and
Western common Peoples Gas, Reading first pre-
ferred Republic Steel common and preferred Rock
Island St Paul, Southern Railway preferred
Southern Pacific. Sugar Tennessee Coal and Iron,
Union Pacific common, United States Steel common
and preferred, United States Leather preferred
Wabash preferred and Western Union per cent,
and Union Pacific preferred, per cent
TENNESSEE COAL AND IRON.-It is reported
that there has been quiet accumulation of Ten
nessee Coal and Iron stock by new interests. The
course of the stock recently gave some indication
of the movement. yielding little on weak days and
raying quickly under favorable conditions, and
numbers of Shrewd traders have bought IT solely
on this ground. The latter operations. however
have been insignificant compared with the larger
movement under way.
The following statement was given out yesterday
by the officers of the Tennessee Coal and Iron Co.:
The company has iron still deliver at the
prices that ruled during the first half of 1909. To
put the property in shape for the economical pro-
duction of coal iron and steel large sum will
be required and it Is probab that the entire earn
ings of the company for time to come will be
so expended. employed working capital. The
officers of the company regret the misleading re-
ports of the prospects and profits that are being
circulated. some of which intimate the early re-
sumption of dividends. Chairman Bacon, prior to
his coming to the Tennessee company. was with
the Minnesota Iron Company. instead of the Tlii-
nois Steel Company. has been stated The chief
product of the Tennessee company, being foundry
pig iron, does not compete with the output of the
United States Steel Corporation. The steel that
the Tennessee company makes finds a local market
SOUTHERN RAILWAYS BIG TRAFFIC.-Earn-
ings of the Southern Railway for the last week In
December increased s133,294 the corresponding
period a year ago For the month the increase was
s3l5175 making from July a. gain OF s2,137,a7.
SUB-TREASURY TRANSFERS.-There was de-
posfted in the Sub Treasury yesterday the sum OF
500 900 currency for transfer to NewOrleans. The
sub-Treasury paid out 900 in currency tel
sraphic order from San Francisco.
EXPORTS NEUTRALITY-SUSPICIOUS. of merchandise
from New-York for the week ended yesterday in
creased in value 81 34S,3s6 the preceding week
and 1,O37 72S over the same time year ago.