New-York tribune., 1904-09-21
MINING STOCKS.
WALL STREET AND EXCHANGES.


FOREIGN TRADING-Foreign houses dealt In
upward OF 10000 shares in the local market ouy-
ing on balance. In the London market Japanese
bonds and British consols were strong Wnhe OUT
side of American rails the general market was
firm. Higher rates for money are expected IN
London. and cable dispatches from that centre
state that efforts will be made to prevent so'U
Withdrawals for New-York account.
TO-DAY'S STOCK LOAN QUOTATIoNS.-Loan
quotations were: Amalgamated Copper. Anaconda
American Ice Brooklyn Rapid Transit, Erie com
mon Peoples Gas. Reading first preferred ROCK
Island Southern Pacific. Sugar Tennessee CoaI
and Iron United States Steel common. Onlteo
States Steel preferred United States Leather pre-
ferred. Wabash preferred Western Union. srhelt-
ing common Republic Steel common. Ia per cent;
Atehison common. Atchison preferred, Erie first
preferred Erie second preferred. Louisville ana
Nashville Manhattan. Missouri Pacific. Union Pa
cihc common 1lsG115 per cent; Baltimore ana ONO
common Canadian Pacific Consolidated Gas. Del
aware and Hudson. Metropolitan Street Railway
u. per cent Pennsylvania 1dlA per cent; ST
Paul. lG1i. per cent: New-York Central, Norfolk
and Western. Southern Railway preferred. Union
Pacific preferred l per cent: Smelling pFeierreo'
Republic Steel preferred. American 4''0Olll''''0
preferred. fat
MARKET GOSSIP.-Canadian Pacific responded
easily to the strength shown In the stock IN Lon
don II has been largely bought for investment
for foreign holders who seem TO prefer IL 10 amer
lean stocks OF a better class. Erie showed weak
buu account II has been bought recently by small
traders on the idea that It would follow Reading.
and there is probably large stale bull account
IN the stock in anything on the list jacob
Field was reported heavy seller round the room.
mostly through brokers. The Hoffman House fol-
lowing is decidedly bearish. and some OF the most
active Of that clique believe they caught the top OF
the market on Friday. J. X. Williston was the
heaviest early seller OF Amalgamated Copper. He
sold 5000 shares the early bulge and had a con-
siderable influence checking the stock in the fore
lard hold Tfrc
were being quietly put out under cover Of the
ports Of trade buying. The buying IN Union Pacific
difficult trace. but at least good enough
to advance the stock in the face Of selling else
where The movement started in London before
the opening here +. W. Savin and Van Amburgh
Atterbury were the best open buyers. f. & c.
Randolph and Charles G. Gates & Co. were among
the heaviest early sellers Of Steel prefrred Both
houses have been recent buyrs
MANHATTAN TRANSIT sHORTs.-It was re-
ported yesterday on excellent authority that two
Wall Street houses are short from 1.OOO to 1000
shares Of Manhattan Transit stock, and that notices
have been sent to them that the stock must be
delivered before o'clock to-day. else IT will
be bought in for their account
AMERICAN SMELLING COMPANY ELEC-
TION AND DIvIDEND.-At a meeting OF the new
ly elected directors OF the American Smelling and
Refining Company. held yesterday. the board or
ganized by the reelection Of all retiring officers
and by the election Of Silas w. Ecces as vice
II.
office is newly created Mr.. Eccles has been the
traffic manager of the company for the last two or
three years. The board also declared the regular
quarterly dividend OF ia per cent the preferred
stock payable October H. and also the regular
quarterly dividend OF IA per cent on the common
stock payable on October %
AMERICAN STEEL FOUNDRIES.-At the an
nual meeting Of the American Steel Foundrfes To
be held on October T. several important changes in
the directorate are looked for. The present man
agement is understood to have planned for the new
year extensive rehabilitation OF business and II
is believed that the controlling interests In the
company will name board of directors at the an
nual meeting each member OF which will be IN
entire accord with the plans
AGRICULTURAL CHEMICAL. COMPANY
ELECSTION.-At meeting Of tho directors Of the
American Agricultural Chemical Company yester-
day Albert French. secretary Of the company. was
elected third vice-presdent. George L. Galbraith
elected to succeed Mr.. French as secretary
The other officers of the company were reelected
to their respective places.
STANDARD ROPE AND TWINE MEETING
ADJOURNED.-The annual meeting OF the stock
holders of the Standard Rope and Twine Company
which was to have been held at Elizabeth N j.
yesterday. was adjourned until December O. be-
cause there was quorum OF stockholders repre-
sented either in person or by proxy
SOUTHERN RAILWAY EARNINGS Earnings
OF the Southern Railway for the second week In
show an increase compared with the
same timo year ago OF $72.S5 making from July
increase Of Sass 756 Traffic conditions In the
South are extremely favorable and railroad officers
are looking forward to year OF prosperous busi-
ness
A TRADERS BELIEF.-A prominent trader
said yesterday that he could nothing ahead on
which to bull stocks. He believes that the bull
market is over for the year. and that prices moro
than discount industrial Improvement
4 BANKERS OPINION.-Henry Clews says that
when stocks are quoted five points under present
prices IL may do to buy them.
MISSOURI PACIETCSS JULY EARNINGS.-Gross
earnings OF Missouri Pacific for the month OF July
show a decrease from the same month in 1903 Of
s2Ss.sS5. while net earnings show a decrease Of
creased 81, ,7S5 1Os
TRUST COMPANIES OF THE UNITED
srATEs-The edition for 1904 OF Trust Companies
of the United States.'' published by the United
States Mortgage and Trust Company, of this city
furnishes large amount OF most interesting in
formation regarding ths yarlous trust counnaDtaa