New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-08
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt In
5000 shares in the local market mostly purchases
In London consos recovered their decline OF the
preceding day, the copper stocks were strong. ana
the general feeling was more optimistic than it has
been Tor considerable time Money was easy In
the open market in London. and exchange quota
lions In Paris and Berlin were unchanged.
STOCK LOAN oUOTATIONS-Loan quotations
were: Amalgamated Copper, Anaconda, American
Ice. Atchison preferred Brooklyn Rapid Transit.
delaware and Hudson Erie common, first and sec
ond preferred, Manhattan Missouri Pac1hc' NOT
folk and Western, Metropolitan Street Railway
Peoples Gas, Reading first preferred. Rock lsland
St Paul. Southern Railway preferred. Southern
Pacific. Sugar, Tennessee Coal and Iron Union Pa
ci1c common and preferred, United States steer
common and preferred, United States Leather pre-
ferred, Wabash preferred. 215 per cent; Atchison
common. Baltimore and Ohio common, Canadian
Pacific, Colorado Fuel, Louisville and Nashville, z
per cent; New-York Central. per cent; American
Ice preferred Western Union, United States Realty
common and preferred. fiat; Republic Steel pre-
ferred, lips cent; Locomotive preferred la per
cent.
UNITED STATES STEEL.-There are 1883 hold
ers of the S51o.00.OOo common stock Of the United
States Steel Corporation 500 of whom did not hold
stock at the June dividend period Their holdings
were bought between % and l6 and the net returns
with the reduced dividend in effect will be from IL
to 12 per cent. OF the 5000 shareholders whose
stock cost them average of 80. the reduced divi
vestment In the nine months closing October
the sinking and funds required 81. SO2 H.
while tho dividend the preferred required $2S,-
s2l 9l3. and on the common s12707.562 Through the
reduction of the common dividend rate the Steel
Corporation will slightly in excess of $1,000.
600 year.
AMALGAMATED COPPER RUMORS.-The
weakness of Amalgamated Copper yesterday oc-
casioned a rumor the floor Of the Exchange
that the directors of the company would meet
within day or two and pass the dividend the
stock. In the ordinary course. action the Anal
gamated Copper dividend would be taken Octo-
Der 10. and yesterdays report considered in
well informed circles a fabrication.
BOND MARKET IMPROvING.-There is a bet
ter market for bonds, and especially those of the
best class. A substantial block OF Union Pacific
As was taken early yesterday. and the bond houses
said that one Of the best elements in the Steel
situation the real public inquiry for Steel IS
and the way in which they being absorbed in
small lots. Business over the counter has ma
terially improved, and several Of the bond houses
report good sales by their out-of-town agents.
BALTIMORE AND OHIO EARNINGS.-The total
earnings from operation Of the entire Baltimore
and Ohio system for July and August were
$12 500, s99 o. increase of H23T531 g. The net
earnings s. O64 S7 g. increase OF s631 $40 o.
The fixed charges. including interest, rentals and
taxes. approximately 100000.
MORGAN AND ROCKEFELLER STOCKS-The
difference between the action Of the Morgan group
of stocks and those likely TO be Influenced by the
opinions Of the Rockefeller following marked
and attracted a good deal of attention from trad
ers Amalgamated Copper was very weak. ST.
Paul and New-York Central notably heavy.
and Missouri, Kansas and Texas would have sold
off If there had been any market for the stock
On the other hand, the Fries and the Steel stocks
received direct support from the Morgan brokers