New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-07-13
INTERSTATE COMMERCE REPORT 1903
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
about 1900 shares in tho local market buying on
balance In the London market transactions In
tho general list were not heavy, while there were
few movements OF significance In any department.
Foreign money market rates remained practically
without change.
STOCK LOAN QUOTATIONS.-Loan quotations
WERE AmaIgamated Copper, Anaconda, American
Ice. Erie common. Louisville and Nashville. Man
haitian. Missouri Pacific. Peoples Gas. Reading
first preferred. Rock Island. Southern Railway
preferred. Southern Pacific, Sugar. Tennessee Coal
and Iron. United States Steel common. United
States Leather preferred, Wabash preferred.
Smeters common and Republic Steel common, 10
IL per cent; Atchison common and preferred
Brooklyn Rapid Transit. Baltimore and Ohio COM
mon. Canadian Pacific, Consolidated Gas, Delaware
and Hudson Erie first and second preferred, Nor
folk and Western. Metropolitan Street Railway, ST.
Paul, Union Pacific common and preferred and
United States Steel preferred. l per cent: New
York Central and Pennsylvania, Z per cent. and
Western Union. Shelters preferred, Republic Steel
preferred and American Locomotive preferred fiat
STOCK MARKET GOSSIP.-Jacob Field. who
heavy seller in Mondays market, ao-
tive the long side yesterday, buying a substan-
tai line OF stocks around the room He bought
Union Pacific in thousand share lots. There
was a tendency by the professionally to offer stock
down for tho purpose OF accommodating at a lower
level. as. for instance. IN Brooklyn Rapid Transit
which offered down by y. II. Caspary Is per
cent in all. permitting fair absorption at rally
OF IS. Commission house orders IN the afternoon
were large enough TO make artificial depression
impossible. There were many orders TO buy stocks
at the market and there lively repurchaslng
Of securities sold in the last few days. Good buy
ing reported in Southern Pacific especially by
Day and HeatOn. The so-CaIled Waldorf crowd
worked for higher prices in the afternoon. and 1t
reported that John w. Gates had accumulated
a large line Of stock al present prices. 1t is more
likely that Mr.. Gates did most OF his accumuIa ting
when prices were much cheaper than they at
present. II pointed out by many traders yes
terday that as the market was from 10 Is points
above the low level Of tho year. a reaction ought
naturally develop.
EFFECT OF THE CROP REPORT-The fact
that the governments monthly crop report as OF
july which showed remarkably favorable condI-
tons In the wheat and corn fields was not a factor
In either the stock market or the grain market.
due to the knowledge that since July ! crop
conditions have been poorer than reflected in the
governments figures. Indeed. the weekly report
showed material deterioration in wheat Winter
wheat has sustained damage from continuous rain
in Nebraska Kansas. Oklahoma and Missouri.
Spring wheat has also suffered but in the greater
part of the corn belt corn has made a vigorous
growth. According to the estimates based on the
government figures there Will be a record breaking
corn crop this year. r. current favorable condi-
tons continue. The wheat market strong
yesterday.
COFFEE EXCHANGE REPORT-The annual
statistical report OF the New-York Coffee Fx-
peted. The total sales during the year amounted
70 A,265500 bags against 9956250 bags in the pre-
Vous year. The report gives a record of prices
since 1901. during which time was the highest
price On November. 1901. for September and Oc-
tober, 1902. delivery. while soc was the lowest
figure, and was made In June 1903 for July deliv-
cry According TO the report the last year COM
prised the largest business in the history of the
Coffee Exchange. and the season. as a whole was
of high prices.
RAILROAD EARNINGS-Of seventeen roads re-
porting earnings for the first week in july ten
show a total loss from the same week a year ago
OF $l93.9Ss, ana seven total gain of $23S 1863 The
largest Increases were made by Canadian Pacific
$4,000: Missouri. Kansas and Texas $50 al; South
ern Railway. $i0926 and Wabash. $42 545 The
largest losses made by Missouri Pacific
81 COO. Louisville ana Nashville. 500 2SS and Den
and Rio Grande. S265O0.
UNITED STATES steel. EARNINGS-It was
reported in Wall Street yesterday that net earn
ings Of The United States Steel Corporation for
the quarter ended June 80 amounted to $40 $50 900
Earnings for the same quarter last year were S36-
642,3OS If the earnings for the last quarter have
aggregated $l9000,O00 the results for the first
half OF the year Will be S325s $50 as compared with
Sol 7I1,Ol5 in the corresponding period in 1893
NETWORK CITY BONDS.-Fisk & Robinson
managers of the syndicate which purchased the
New-York City GAS. due 1854. have advanced the
price Of this issue from 102l5 and interest to 103
and interest