New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
5000 shares in the local market. There was prac-
ticany no arbitrage business. and nobody was IN
clined to trade on the curb the other side The
transactions rerresented merely evening up OF
accounts over the London settlement Just beginning
The contango for the mining stocks was to per
cent so that il may be inferred that the American
rate will be something like 10 per cent, as the
ENGLISH banks very much prefer them collateral
to the mining stocks. The London sentiment on this
market is likely to be much more clearly dehneu
when the trading for the new account begins
STOCK LOAN QUOTATIONS--Loan quotations
we're: Amalgamated Copper, Anaconda. American
Ice BROOKLYN Rapid Transit. Delaware and Hud-
SON. Erie common. first and second preferred. Man
haitian Missouri Pacific. Norfolk and western
METROPOLITAN Street Railway Peoples Gas. Read
ing first preferred Rock Island. St Paul Northern
Railway preferred. Southern Pacific. Sugar. Ten
nessee Coal and Iron, United States Steel common
Wabash preferred, , per cent; Atchison common
Union Pacific common. HAP per cent; Atcnlson
preferred Baltimore and Ohio common Canadian
Pacific Colorado Fuel, Louisville and NASHVILLE
Pennsylvania Union Pacific preferred, United
States Steel preferred. United States Leather pre-
ferred 115 per cent; United States Realty common
and preferred. American Ice preferred, western
Union American SHELTERS common and preferred,
fat: Republic Steel preferred Locomotive preferred
La per cent and New-York Central. 1 per cent.
MISSOURI PACIFIC.-Missour Pacific is still
showing heavy increases in car movements From
October the car movement had only slight IN
ginning Of the week. when the movement again
began 10 show heavy gains. with every prospect of
continuing. Inasmuch as October 1902, showed the
largest gross earnings of any month up to August
1888 il would not have been strange If October
1909 had only euualled the corresponding month OF
last year. For the first three weeks. however. the
systems gross earnings show increase Of I41Oc9
and a recommencement of the heavy Increase in
car movement indicates that October Will be the
third successive month to make Il high record
- ,T,n 1-rrfI Do fG~ tom
HOOKING COAL AND IRON DIVIDENDS
The executive committee of the Columbus and
Hooking Coal and Iron Company has voted to
recommend TO the board of directors the declara-
ton Of a dividend the common stock of per
cent 4 year payable in quarterly instruments. As
soon rs q quorum of the board be obtained
it is expected that favorable action will be taken
upon this recommendation and the date set for the
first and subsequent payments II is understood
that the first payment will probably be made on
December l. If the earnings warrant it, it is
authoritativey stated. it is the purpose OF the di
rectors to declare extra dividends from time to
time but meantime they purpose to establish the
company upon a regular dividend basis. The divi-
bends heretofore paid by the company on its COM
mon stock were Z per cent on December l. 1902 Z
per cent on March 81, 1903, and J. per
July 50. 1903.
SITUATION AT PITTSBURG IAIPROvED-The
financial situation Pit sburg is regarded clear
" improved No unfavorabe factor developed over
sunday The financial status OF the banks was ma
teriallv strengthened last week a canvass of the
iron and steel trade in Pittsburg shows a better
feeling among the manufacturers. Orders are
ing in more freely for both iron and steel Within
the next week or two still further improvement is
looked for.
CHESAPEAKE AND OHIO-AppIication has
been made to the Stock Exchange to list Chesa-
peake and Ohio Railroad Company 100000 addi-
tionaI general mortgage Az per cent bonds of
1852
EpIE"S PIC. EARNINGS -VYia.s earri,~. FOR
September showed an increase in gross Of SIIS3ig
and d gain in net of S19O.515. From July l gross
earnings have increased S.7i7509 and net earnings
81 222sl4. Traffic conditions the Erie have fully
recovered from the recent floods. and earnings con-
tinue increase. The loss due to the floods will
not be important factor in the company's re-
suits for the first half of the year. Erie stocks
have been bought by good class of buyers. and
the first preferred is in excellent demand for in
VeStment account.