New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-22
WALL STREET AND EXCHANGES.

FOREIGN TRADINCi.-Foreign houses dealt in
l0ooo shares in the local market. mostly sales In
London consols were a shade hrmer. and Japanese
and Russian issues were unchanged The Bank OF
England did not change its rate. and there was no
development of consequence I'm the London money
market. Advices from the Far East Indicated no
change in the situation. although there was evil
dence that IT was ceasing TO have much specula-
tive weight.
SOUTHERN PACIFIC SELLS BONDS Spever
& Co. and Kuhn. Loeb & Co. have purchased from
the Southern Pacific Company 100000 OF its au-
thorized issue OF S30.0o.0o0 AZ per cent two-hve
year collateral trust bonds. In connection with
the sale II may be we'll recall tho recent an
nouncement that the company some time arc
made "A supplemental mortgage. bringing under the
lien of the two-fve year bonds of 1900 various
stocks and bonds and four ocean steamships on
account OF this collateral the outstanding issue of
the AIS increased s OO0 the greater part
of the additional S,3l5O0O having been placed in
Europe. a second supplemental mortgage has been
recorded. covering a large amount of eaupment
against which further issue of bonds is con-
templa ted.
STOCK LOAN QUOTATIONS.-Ioan quotations
were: Amalgamated Copper. Anaconda American
Ice. Atchison common. Brooklyn Rapid Transit
Baltimore and Ohio common. Canadian Pacific
Colorado Fuel and Iron. Delaware and Hudson
Erie common first and second preferred Louis
Vile and Nashville Manhattan, Missouri Pacific
Norfolk and Western. Metropolitan Street Rail
way Peoples Gas, Reading first preferred. Rock
Island. st. Paul. Southern Railway preferred
Southern Pacific Sugar. Tennessee Coal and Iron
Union Pacific common and preferred United States
Steel common. United States Leather preferred.
Wabash preferred. Shelters common Republic
Steel common, per cent; Atchison preferred
Western Union, l per cent; New-York Central
Pennsylvania. United States Steel preferred u
per cent: SHELTERS preferred. Republic Steel pre-
ferred and American Locomotive preferred fiat
MOVEMENT OF MONEY-The banks gained
Wednesday $ilS,ooo and since Friday gained So $685.
900, compared with gain in the same time last
week OF ,0D Tho debit OF the Sub Treas,rv
at the Clearing House yesterday-s1 rs e5re eec+ed
chiefly pensions and s5c0OJ0 payment to the fiscal
agents of the United States Navy for disbursa-
ments in the Philippines Payments for the $40 =
O00,COO OF NewYork CITY 49, per cent bonds offered
for sale yesterday may cause some shifting of
bank accounts in a technical sense. but will NOT
actually affect local xmoney rates.
AMALGANIATED DIVIDEND.-The directors of
abe Amalgamated Copper Company have declared
the regular quarterly dividend of y OF per cent
The Amagamated Copper Company sold over 125
O00Oso pounds of copper during November and De-
cemher. Demand brisk during the first two
weeks Of January. Exports for January will prob
ably exceed 40YOOo,Cto pounds. In the last sevep
days the demand for copper has shown a marked
falling of
OBSERVATION-DISCLOSURES of shorts was \
feature IN PENNSYLVANIA and the stock appeared
be supplied principally from Philadelphia where
il is stated, large amount has been carried ~,
margins since the subscriptions were onared
to the latest issue Of stock. The friends of The
company at that time took Il considerable amount
with a view TO making the subscriptions success
SOUTHERN PACIFIC.-The Southern Paciac
land and immigration department, through IFS
agents in Texas Louisiana. Indiana Illinois end
other States has sold during the year 1903 2s ooo
acres of land in Texas and louisiana. The price
ranged from IS TO $50 and 1t was disposed
OF in tracts varying from 100 TO 20OO0 acres each
COLONIAL TRUST COMPANY-At the annual
meeting Of the Colonial Trust Company the present