New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses oeait IN
5000 shares in the local market selling heaViIs
balance In London consols and other SecuFl-
ties were weak Gilt-edged investment issues
were reactionary and other departments were
weak in sympathy. All issues OF japanese secn-
rites were lower. The old IS at so14, new os AT
s6a4 ana As at u showed declines of = per cent
each. The premium on the new japanese 6 per
loan was 81 per cent lower. at Us per cent.
Russian Imperial 4s are unchanged at 9l&4- Turks.
S3is; Spanish Is. SITS, The market for American
railway shares closed on the curb steady at best
prices on repurchases by the bears.
STOCK LOAN QCOTATIONS.-Loan quotations
were: AmaIgamated Copper. Anaconda. American
Ice, Brooklyn Rapid Transit, Erie common. Mis-
souri, Pacific Peoples Gas Reading first preferred,
Rock Island Southern Railway preferred. South
ern Pacific Sugar Tennessee Coal and Iron, United
States Steel common. United States Leather pre-
ferred Wabash preferred Smelters common and
Republic Steel common. l per cent: Atchison COM
mon and preferred Baltimore and Ohio common.
Canadian Pacific. Consolidated Gas. Delaware and
Hudson Erie first and second preferred. Louisville
and Nashville, Manhattan. Norfolk and Western
Metropolitan Street Railway. Union Pacific com
mon and preferred and United States Steel pre-
ferred. 2.01 per cent; New-York Central. Pennsyi-
vania and St Paul, 12a4 per cent. and western
Union and Shelters preferred Republic Steel COM
mon ard preferred and American Locomotive pre-
ferred, fiat.
MARKET GOssIP-Traders thought th,& the
Gates following was heavily long of stocks. notably
Brooklyn Rapid Transit. Union Pacifc Atc2lSoh
St Paul and Louisville. The Gates interview on
Saturday disclosed the leadership of the later adj
vance and the active traders, with the HOFFMAN
House element conspicuous, turned round aud
hammered the extended bail account The four
point decline in Hooking Valley involved transac-
tions of only 500 shares Of stock. Engwood q
Cunningham and the Western houses had some
fairly heavy selling orders in the e;iry afternoon
Jacob Field in the afternoon stood in the Union
Pacific crowd offering that stock down at every
opportunity. Brokers supposed to be trading Tor
him borrowed stock freely. II looked as if the
Western crowd had been obliged TO throw over
some of their stock. There is good reason for say
ing that a heavy block of Atchison taken in the
neighborhood of IL by some active Western opera
tors came from No. 26 Broadway. The buyers made
desperate efforts hold to this stock through
out the day. Arbtrage houses were for the mo5t
part active sellers practically all the purchases 70
foreign account being made I'm Steel preferred and
not totalling more than 5000 shares The Londeh
the other side since Tuesday have been for the new
account and therefore carry :ortnights credit
in London.
REGULAR PRESSED STEEL CAR DlVl-
DENDS.-The Pressed Steel Car Company has de-
clared the regular quarterly dividends of Ia per
cent on its preferred stock and of 1 per cent on
its common stock.
HEAVY DEALINGS IN STEEIA-Two weeks ago
United States Steel preferred closed at 6o6l Yes
terday is closed 1914 6s. In these two weeks w.
coo shares were dealt In the exchange ana II IS
probably fair to estimate that 100000 shares rep
resented actual transfer OF holdings. The range
Of price Of this trading from SO 70 63'e, or IA