New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses bought
inward of oOOOo shares in the local market. with
the heaviest purchases in Pennsylvania and United
states Steel preferred. In the London market the
general list exhibited great irregularity In the
early dealings with considerable selling pressure
Induced by fears over the possibility Of political
complications as a result Of the Far Eastern situa-
ton A hrmer tendency, however was reported at
the close. There was no material chahse III 'iie
foreign money markets.
STOCK LOAN QUOTATTONS-Loan quotations
were: Amalgamated Copper Anaconda American
Tee Erie common Louisville and NashViIe' Man
haitian Missouri Pacific. Peoples Gas. heaolhs HIst
preferred Rock Island Southern Railway pre1erred
Southern Pacific. Sugar. Tennessee Coal and IRON
United States Steel common. United states Lea'ieL
pref.rred Wabash preferred. Shelters common ana
Republic Steel common 1qlA per cent; Atchlsoh
common and preferred. Brooklyn RAPID transit
Baltimore and Ohio common. Canadian PacLno,
Consolidated Gas. Delaware and Hudson. Erie nrst
and second preferred Norfolk and Western. Metro
no1itan Street Railway St. Paul. Union Paclne
common and preferred and United States steer pre-
ferred. l per cent; New-York Central u per cent?
Pennsylvania "a per cent, and Western Union
smelters preferred. Republic Steel preferred anu
American Locomotive preferred. nat.
STOCK MARKET GOSSIP-The steel ISSUES
were helped In the early trading by the resurnp-
ton OF work In the steel plants at homestead anu
P.ttsburg houses were active buyers althOush IA
the late dealings they put out eonslderaois s'ooN
OF realizing Jacob Field was en- active buyer o.
Arnalgamated Copper. y good class OF buyers
were IN the market for the Eastern railway shales
Strength in General Electric was Que 10 OuSihs
based on optimistic reports regarding the business
Of the company. BY working its way above lZo
Pennsyyania proved the falIacy OF the theory that
the new stock which was sold last year AT that
price was only being held for an opportunity IoE
owners to get out on even terms II appears 'h4S
the new issue was absorbed by investors- Brooklyn
heIp
company had placed a large amount OF us bonds
In London. Some ira iers expressed the opinion
that the strength in Kansas City Southern. MIS-
souri, Kansas and Texas and Hooking Valley fore
Swallowed the end OF the present upward move
rent as In tho past securities OF this class have
g.. ,erallv come in for an advance at the taiend OF
a bull market.
TRAFFIC MANAGERS REPORTS.-Peports re-
celved yesterday from the trafio MANAGERS Of the
various Western railroads indicate considerable
damage to the crops by the recent rains. but they
DO not foreshadow a large falling or IN the total
WELD In the ST. Paul territory II is estimated
that tho loss from the foods and lack OF sunshine
viii amount 10 10 per cent The burlington esti-
mates the loss in It's territory at one-ffth while
the Atchison estimates is loss al onsfourth. Most
~ the Western roads expect unfavorable earnings
I'm the current month.
MISSOURI. KANSAS AND TEXAS.-It was re-
ported yesterday that the Standard OIL interests In
The Missouri Kansas and Texas Railway have sold
their holdings 10 Dutch capitalists who have been
represented on the board OF directors by II. J. de
NJ Oycus of Amsterdam Holland. The report
not confirmed.
MISSOURI PACIFIC-s MISUNDERSTANDING Of
the Missouri Pacific for the month OF May show a
decrease ira gross of $3.50 and decrease in net Of
So 1Ji making FOR the eleven months OF the last
fiscal year decrease in net earnings OF N317,67O
oads up almost entirely Of an increase IN operating
Expenses
STEEL RAIL ORDERS.-Orders for steel rails
aesregatne 5000 tons have been secured by the
United States steel Corporation. II is understood
that tie Illinois steel Company has received orders
for 5000 tons OF this total and the Carnegie Steel
Company Tor the remaining 3DG00 tons.
STOCK EXCHANGE SEATS IIGHER.-It IS
understood that o. seat on the Stock Exchange was
sold yesterday for S5.c0) an advance Of 5000 over
the last preceding transfer
JAPANESE GOLD FOR NEW-YORK-The Sub
Treasury paid out $l7S3.o') account OF Japanese
gold deposited al San Francisco. This was the
principal factor IN the Sub-Treasurys large debit
balance at the Clearing House.