New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-05-15
WALL STREET AND EXCHANGES

FOREIGN TRADING.-The London market was
inactive. and foreign houses did little on the local
Exchange. ArbitraEe dealings amounted TO about
seven thousand shares. chiefly sales of Southern
Pacific
STOCK LOAN QUOTATIONS.-Loan quotations
were; Atchiscn common. 4; Atchison preferred
chicago Burlington and Quincy, Peoples Gas Gen
eral Electric. Missouri Pacific. New-York Central
Northwestern. Southern Pacific. Northern Pacific
preferred, Reading first preferred. st. Paul Sugar.
Union Pacific common and preferred. American
Tobacco common. Continental Tobacco common,
Arrsissmated copper. Manhattan United States
Leather preferred. Brooklyn Rapid Transit. Della
ware and Hudson. Tennessee Coal and Iron West
ern Union. Southern Railway preferred Louisville
and Nashville Baltimore and Ohio common and
United states Steel common and preferred. 5G6. and
Rock Island
SUGAR REFINING.-Prospects of an increased
dividend Sugar Refining stock are not bright.
Indeed. II may be said excellent authority that
the directors have intention OF placing the stock
back the old - per cent basis. The next dlvl-
dend will be declared in the first. week in June.
probably la per cent both classes OF stock Sell
ing OF the stock yesterday due reports that
there would be no change in the dividend rate
SALES OF LONG STOCK.-Long stock came out
In Atchison. 81. Paul. Manhattan Union Pacific
and Rock Island. Liquidation supposed to
represent in part sales of stock held collateral
by banks and trust companies sold 10 meet losses
made in the panic. Advantage Of the decline in
Rock Island taken by important interests TO
buy the stock Heavy Western selling
ported.
NORTHERN PACIFIC.-It was reported yester-
day that Kuhn Loeb & Co. were offering the mar
ket price for all odd lots of Northern Pacific The
first sale of % shares of Northern Pacific how
ever was 12 points under the last price for 100
shares
COMMISSION HOUSE TRADING-Commission
houses were generally sellers. and among the
smaller houses little business was done. Opinion
in commission house circles favors the view that
the bull market is for this season, and that
for the few months a dull traders specula-
ton will prevail. Commission house buying orders
yesterday were made up in great part of invest
ment purchases. There a fair demand for such
stocks as New-York Central and Pennsylvania
Many commission houses now bare of stocks
held margins.
COAL SHARES.-The hard coalers were weak
under pressure from traders encouraged by the
heavy liquidation elsewhere and stop orders in
considerable volume. The selling appeared to be
scattering realizing. and so far could be traced
no big interest had sold the stock.
NO ST. LOUIS SOUTHW ESTERN DIVIDEND
St. Louis Southwestern Railway officers say that
the rumor that a meeting TO declare dividend is
contemplated is untrue. Considerable expenditure
is necessary and the company will continue the.
policy of using its surplus earnings for improving
rectos has been called or is contempat SI the III
MEXICAN NORTHERN.-The Mexican North
ern Railway has declared the regular quarterly
dividend of per and an extra dividend of
u of per cent; both payable on June 3 to stock
of record May is.
SILVER EXPORTS.-The steamship st. Louis
sailing for Europe to-day. will take out is1. 800
ounces of silver. shipped follows: The United
Metals Selling Company 331 900 ounces and thinner
mann & Forshay 1000 ounces.
TENNESSEE COAL MORTGAGE-The direc-
tors of the Tennessee Coal. Iron and Railroad Com
pany have decided to issue consolidated fifty
mortgage for $i5Go,C0o the company's
properties The Union Trust Company, of this
city. has been named the trustee.
GRATUITY FUND SYSTEM.-By a vote of SIS to
EOS. the members OF the Produce Exchange yes
terday decided not to change the present gratuity
fund system.