New-York tribune., 1903-07-23
MINING STOCKS.
2. $50 Total sales.
wALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
10000 shares, evenly distributed. There was COM
parativey little activity in American stocks in the
London market. but leading issues were up q to II
per cent The action Of Erie directors in increasing
the dividend the first preferred stock was
garded with satisfaction indicating confidence
on the part of leading financial interests. The
general markets and consols were rather heavy,
but without decided feature The market in Paris
continued rather heavy. Leading financial inter
ests abroad say there is considerable money await
Ing investment in the better class of American
stocks as soon as the outlook in New-York be-
comes more clear.
STOCK LOAN QUOTATIONS-Loa quotations
Arnelgamated Copper. Anaconda, American
Ice. Atchison common and preferred. Brooklyn
Rapid Transit, Baltimore and Ohio common. Colo
rado Fuel Delaware and Hudson Erie common,
1st and I'd preferred; Louisville and Nashville.
Manhattan Missouri Pacific. Norfolk and Western.
Metropolitan Street Railway, Peoples Gas, Read
ing Ist preferred. Rock Island, ST. Paul, Southern
Railway preferred. Southern Pacific, Sugar. Ten
nessee Coal and Iron, Union Pacific common and
preferred. United States Steel common and pre-
ferred, United States Leather preferred, Wabash
preferred. Western Union 2A per cent, Canadian
Pacific II per cent, New-York Central 1 per cent
and Pennsylvania per cent.
MARKET GOSSIP-Bulls New-York Central
predicted a considerable advance but about the
only basis therefor which they offered that the
return of William K Vanderbilt to active railroad
life portended good results and that the sentiment
this stock. The advance in Steel gave great deal
Of satisfaction particularly in view of the fact
that there was widespread belief that there were
numerous stop orders at a little below Tuesday
nights closing price. The buying of St Paul was
believed to be OF good quality. and it asserted
in more than one quarter that section of the
Standard Oil party which had been conservative
almost to the point Of bearishness since the time
when MIR. Vanderbilt made his statement as to the
business outlook is now bullish on the situation.
That Reading Is being steadily taken out of the
Street is the opinion of close observers of the
trading in this stock The source of the demand is
still mystery, but much of the buying apparently
comes from capitalists identified with Jersey Cen
ral before control Of the latter passed to the Read
ing company. There in the to
the effect that the Rockefeller interests had Sc
cured control of New-York Central. and that these
interests had also been instrumental in bringing
about settlement of the Pennsylvania-Gou diff
culties, and would secure representation in the
Pennsylvania board for themselves or some interest
friendly to Mr. Gould. In the last hour the market
held fairly well until it announced that a re-
cever had been appointed for the building firm of
Norcross Brothers. The comparatively low prices
obtained for New-York City bonds also had some
effect and the resumption of bear pressure
practically all issues lost considerable of their
earlier gains.
AMERICAN CAR AND FOUNDRY-An officer
of the American Car and Foundry Company says
that the report from Chicago that the executive
committee has decided to cut the common dividend
TO 2 per cent a year is a fabrication. There has
been no meeting of the executive committee and
such question has not been considered either by
the executive committee the board of directors
RAILROAD NOTEs.-More than 800 Of
notes have been issued and nearly the same amount
sold in the New-York, London and Berlin markets
since January !. exclusive of equipment trust
notes. This total includes the $50 O06 900 of tenn
porary loan issued by Pennsylvania in January,
and since taken UP with the proceeds of the sale
of new stock. 1t also includes one-half Of the
$35, 100000 notes issued by London Underground
NEW LISTINGS.-Ap pplication has been made to
the Stock Exchange to list Choctaw. Oklahoma
and Gulf Railroad Company. S349 900 additional CON
sOdated mortgage per cent bonds of 1852: also
Market and Fulton National Bank. 500 600 addi-
tiOnal capital stock.