New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-20
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
10000 shares in the local market, selling 4oH"
shares In London the general market was not
weak although consols were shade OF at 9l's'
Considerable speculative activity and strength de-
veIoped in the Kaffir stocks. There was steamer
tone in the copper issues. Money tended harder
all the European centres, but exchange III farIS
and Berlin continued weak
STOCK LOAN QUOTATIONS-LOan quotations
were: AnaIgamated Copper, Anaconda American
Ice Atchison common and preferred broohlSh
Rapid Transit. Baltimore and Ohio common, Colo
RADIO Fuel Delaware and Hudson, Erie common.
first and second preferred Louisville and Nashville
Manhattan Missouri Pacific, New-Iork Central,
Norfolk and Western, Metropolitan Street Railway
Peoples Gas. Reading first preferred Rock Island
ST Paul Southern Railway preferred, southern "a
cifc Sugar Tennessee Coal and Iron, Union PACING
common and preferred. United States Steel common
and preferred United States Leather preferred
wabash preferred Western Union, 242l4 per cent
Canadian Pacific and Pennsylvania, 112q2 per cent
CURRENCY MOVENIENT.-The principal move
ments of currency this week, as compiled by The
Wall Street Journal" indicate that the banks
gained thereby So 321 400. They received from the
interior 81 23S 400 and sent to the interior S22ooO
of which $500 900 was transferred through the Sub
Treasury &c New-Orleans. The gain from the in
terror was So ,OOG 400. Receipts of new sold were
81 IO3 600 of which 1928 800 on New-Gork
assay office checks, $16G,70O on San Francisco mint
checks and Geographic transfers. and Sl3SOO on
Seattle assay office checks. Gold exports were
ordinary government disbursements were $19,96S,-
600. payments to the Sub-Treasury for customs
internal revenue, per cent redemption fund, etc.
We're S19,4O6 900 The gain on Sub-Ireasury trans
actions proper were $4,000 The total gain from
the interior, gold and Sub-TreaSury operations
was So GIL 400: deducting the loss of $f35OOO0 by
gold exports the net gain was $5.32l4 The feat
ure this week Of the interior movement is a slight
decrease in the receipts and a small increase In
Shipments making the net gain from the interior
Ipou nn han last wee iDji-
Gates that the great part of maturing obligations
has been provided for. and that smaller gains from
the interior may be expected from now on until
the crop movement begins. with occasional loans
in the mean time. The gain on Sub-Treasury
operations was caused by the payment of $2,21S,O
for pensions an increase over the previous week
of 81, $4,000 Customs were $2o222GO. an average
Of $40 800 per diem, comparing with daily aver
age last week Of S4506OO.
FOREIGN LOANS OFFERED FREELY.-The
decline in the Bank of England rate of discount has
been followed by liberal offers of foreign loans in
this AZ per cent for three to four months
The foreign houses have. however, met with no
special demand for such loans There is also diff
Guilty in buying commercial paper at present rates
1t is inferred from this that the needs of borrowers
both in Wall Street and in mercantile circles are
well supplied.
AMERICAN CAR AND FOUNDRY.-The Amerf-
can Car and Foundry has received new orders for
cars follows: st. Louis Southwestern. 1000 box;
St Louis and San Francisco, twenty-seven coaches.
six chair six postal and cafe car, and miscea-
neous orders for 11S cars.
PARK BANK INCREASES DIVIDEND.-Di-
rectors of the National Park Bank have voted to
paw in July a semi-annual dividend to stockholders
of s per cent. This is increase of u of l per
cent making the annual rate 10 per cent. 1t has
also been determined by directors to distribute dvi
dends quarterly hereafter.
COPPER MARKET CONDITIONS.-John Stan
ton says that he does expect to see copper sell
below 1415 cents The recent setback has been due
to the stopping of work in the building trade be-
cause of labor troubles. The market will go higher
as soon as the difficulties with labor end.
DIVIDENDS DECLARED.-The Franklin Trust
Company has declared quarterly dividend of per
cent. payable June 80. The Columbia Bank has de-
clared a semi-annual dividend of per cent nav
able July !. The New-York Air Brake Cornpany
has declared a quarterly dividend of 2 per cent
payable July IL. The Real Estate Trust Companv
of New-York, has declared Il semi-annual dividend
of per cent. payable July / The General Chemical
Company has declared the regular quarterly divi-
preferred stockholders of record at 3 o m on
June 20 1903
INCREASE IN PITTSBURG AND LAKE ERIE.
STOCK.-The stockholders OF the Pittsburg and
Lake Erie Railroad win meet in Pittsburg on Juno
% and in Youngstown June 20 for the purposa
OF voting the directors recommendation that the
capital stock be increased from $500 goo 10 $40
COO II is understood that there is practically M
opposition to this proposed increase Tho proceed.