New-York tribune., 1903-03-07
WALL STREET AND EXCHANGES.

FOREIGN TRADIHG.-Foreign houses dealt i'll
1000 shares in the local market. mostly purchases
In London most of tho active stocks were dboNc
parity. Consols were unchanged. and the general
market was steady and rather featureless. Paris
exchange OH London frmer Money was III
good demand in all the European centres, and inc
Bank of England reported Withdrawals Of $4,000
gold on balance during the day Foreign houses
had mixed orders and expected to trade both ways
buying little stock balance.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamated Copper Anaconda, American
Ice, Atchfson common and preferred. Brooklyn
Rapid Transit, Baltimore and Ohio common, Cana
dian Pacific, Colorado Fuel, Delaware and Hud-
son. Erie common. first and second preferred
Louisville and Nashville, Manhattan, Missouri Pa
ciic New York Central, Metropolitan Street Rail-
way Norfolk and Western. Peoples Gas Reading
first preferred. Republic Steel common and pre-
ferred. Rock Island. ST. Paul, Southern Railway
preferred, Southern Pacific. Sugar. Tennessee Coal
and Iron, Union Pacific common and PREFERRED
United States Steel common and preferred, United
States Leather preferred, Wabash preferred ana
Western Union. 5G5l3 per cent
MARKET CIOSSIP.-Strong support was given 10
Union Pacific. buying orders around *5 oelng trdceo
to controlling interests. Tho rally III inc stoch
was a potent influence in inducing covering OF
shorts throughout the list. The attack on Union
and Southern Pacific shares has resulted In In
trenching the control of the properties more strong
" in Hartman hands. WaSsermann Brothers were
behind the rally in Reading. and seemed to be
acting for the Western crowd, which was disposed
to trade for A. recovery all round. The Gould
brokers bid up Missouri Pacific. and found very
fair following. Rubber Goods showed considerable
strength on the earnings and dividend talk. Pri-
Yate adviCes seemed to be rather more peaceful
on the Wabash labor outlook and helped the rally
in tho Wabash issues A declining tendency i'll the
morning brought i'll good buying orders, and III tho
low priced issues large orders outright pur-
chascs were made. As the day passed without
any unfavorahIc developments in tho mercantile
line the Street inferred that any cmbarrassments
which may have existed had been protected by
action of the larger banks
CURRENCY MOVEMENT.--The principal move
mcuts of currency this week. compiled by Tho
Wall Street Journal" Indicate that the banks lost
thereby $5:69.JN0 The banks received from the in
terror $3S72o and sent to the interior $S1900O. of
which %O0,oOO transferred through the Sub
Treasury to Chicago. The gain on tho interior
movement Was $53,TO0 Receipts of now gold were
81 OS8 9OO of which $1.O459OO on NcwYork Assay
Office checks; $50 900 transferred by telegraph
from San Francisco and 5000 was on Seattle Assay
Office checks. The banks received from the Sub
Treasury ordinary government disbursements
$4, T3I 100, and paid to the Sub-TreaSury for
toms. Internal revenue, per cent redemption fund
retirement of circulation etc, $2 $4,000. The loss
Sub-Treasury operations proper was $67l1 800
The total gain from the interior and new gold
$143,4GO: deducting this from the loss to the Sub
Treasury of $6.71SOO, the net loss $55695OO The
feature this week is the sudden check of the out
flow of currency to the interior. Last week the
ceipts and shipments balance. The change in tho
situation is due partly to the advance in money
rates here and partly to the fact that the more
urgent needs of the West have been supplied. The
principal items of the loss of S. III 900 the
Treasury customs, $3,215lOO. and retirement Of
circulation. 81. 100000 Disbursements for pensions
were only 100000 during the week
AMERICAN CAR AND FOUNDRY.-Accordns
10 THE Railroad Gazette tho American Car and
Foundry Company has received the following
orders for Delaware and Hudson. 300 coal:
Rodger Ballast Car Company. 80; Standard Supply
and Equipment Company. 3O9 Pere Marquette. 1850
box, sc stock and 1000 coal; Missouri Pacific 70
coaches. So chair. 10 baggage and 3 continuation:
Thebaud Brothers. 50 fiat, 20 gondola. 100 box.
Caboosc and passenger cars. for shipment to
Yucatan.
UNION PACIFIC.-'"Thc Wall Street Journal
saws: The bear campaign In Union Pacific appears
TO he larger and TO have more participants than Is
generally supposed. There IL evidence that 1t was
begun last month by a group OF interests known as
the Western element in anticipation of the de-
feat of the Aldrch bill and the developments In
connection with Southern Pacific matters. The
amount of stock that has been sold by these inter-
ests Is estimat ted anywhere from 10000 to 10000
shares. No trouble whatever has been experienced
in borrowing the stock. and none Is expected. In
u,liry however, of interests which have been prob
ably the principal buyers the decline elictts tho
abatement that the stock purchased Is not for
sale at the level of prices recently ruling. Mean
while very bcarish opinions are In circulation on
Union Pacific stock In quarters moro or less iden-
tilted with tho sellers. Points have been given to
sell the stock for 20. Rumors have been current
to the effect that Uhon Pacific has since the close
Of the last fiscal year purchased an additional guam
tiiy OF Southern Pacific stock and hold absolute
control. These discredited In responsible
circles
GRAIN ACKNOWLEDGEMENTS reports tho
exports of wheat for the week 3sl, 1876 bushels.
AGAINST 1855 $40 bushels last week and 40eSS SI bush
els last year Since July l. lSi.2si.loi bushels.