New-York tribune., 1901-04-09
WALL STREET AND EXCHANGES

FOREIGN TRADING.-The London market was
closed yesterday and arbitrage brokers did nothing
in the local market.
ST LOUIS AND SAN Observation-Disclosures
Of the St Louis and San Francisco Railroad con-
tinue to show remarkable gains For the fourth
week in March gross earnings increased Sl,62O
making for the month increase Of 1851. From
July earnings have increased Sl.l04.7lO.
AMERICAN SUGAR REFINING.-A well known
sugar trade authority says: In spite of the fact
that there is only a moderate proportion of busi-
doing by the trade I'm general. | cannot help
feeling that there Is strong undertone. and shall
be disappointed during the early week IL the mar
ket IS not worked to a finish probably resulting in
higher values for both raws and refined"
STOCK LOAN QUOTATIONS.-Ioan quotations
were: Atchison common. General Electric New
York Central Northwestern. Northern Pacific COM
mon and Smelling common. 21a Atchison preferred
Rock Island, Manhattan, Louisville and Nashville
Federal Steel preferred American Steel and Wire
preferred and Erie common first preferred and
second preferred 2tga3: Chicago. Burlington and
Quincy. Delaware and Hudson and Western Union,
2; Peoples Gas. Northern Pacific preferred, Read
ing first preferred St. Paul. Sugar Refining, Union
Pacific common and preferred. American Tobacco
common. Continental Tobacco common United
States Leather preferred, Brooklyn Rapid Transit.
Tennessee Coal and Iron. Southern Railway pre-
ferred, Southern Pacific, Federal Steel common and
American Steel and Wire common 8; Third Avenue,
fat: Missouri Pacific and Baltimore and Ohio COM
mon. 2Q2,a; Smelling preferred. L
ROCK IsI.AND-The violent break in the pricc
OF Rock Island not explained by any develop
ment affecting the property. The advance last
week In this stock not due to buying by inside
interests and the decline not significant OF any
change on the part OF interests identified with the
company. The traffic manager OF the road
quoted S saying yesterday that earnings would he
heavy for the next eighteen months. The general
ndise movement along the road is exception
ally heavy. and the general outlook Is encouraging.
COAL PRODUCTION IN MARCH.-The official
estimate Of the anthracite production Of coal for
March is iS1S tons. compared with 3.l33sO
tons In the corresponding month last year showing
an Increase OF Is30.559 tons.
GENERAL. ELECTRIC-Withn few days
circular will be issued 10 the stockholders OF the
General Electric Company regarding the question
Of capital rcadtu=tment The directors of the com
pany held special meeting Friday. when this
question came up for consideration II Is under
stood that the preferred stockholders will be al
lowed 10 convert their stock into common stock at
par.
AMERICAN SMEITINCi.-The advance in Ameri-
can Smelling stock due 10 buying by \. A.
Housnan & Co and Moore & Schley on the ad-
vance J s Bache s. Co. and Keech. Loew & Co.
sold 5000 shares There developments af
fecting the property but II was reported that an
arrangement for the absorption OF the Guggenheim
plant by tho formation OF new company had been
made Buying OF tho stock was probably due 10 ad-
vance information regarding progress in this di-
rection.
REFINED PETROLEUM REDUCED. - Refined
petroIeun, has been reduced % points TO T65 in
barrels and SO in bulk Philadelphia prices being
on a basis 3 points lower. The market is weak