New-York tribune., 1901-06-04
WALL STREET AND EYCH4NGES

FOfNEICIN TRADING. - London prices were
higher and foreign houses were heavy traders In
the local market. dealing in about $1,000 shares in
all The demand for the Steel shares was good
About 10000 shares were bought on balance
STOCK LOAN QUOTATI ONS.-Loan quotations
were; Atchison common. Northern Pacific preferred
ana Rock Island. 2; Atchison preferred Chicago
Burlington and Quincy, Peoples Gas General
Electric. Missouri Pacific New-York Central
Northwestern, Southern Pacific Reading first pre-
lerred ST Paul, Sugar, Union Pacific common and
preferred. American Tobacco common Continental
IoDacco common. Amalgamated Copper. Manhat-
tan, United States Leather preferred RrookIvn
Rapid Transit. Delaware and Hudson. Tennessee
Coal and Iron. Western Union. Southern Railway
preferred. Louisville and Nashville Baltimore and
Ohio common, United States Steel common and
preferred. 3Q3Is.
AMERICAN SUGAR REFINING-The American
Sugar Refining directors may meet to-day TO take
actlon on the quarterly dividends. According to
present plans no change will be made in the rate
from the last period In yesterdays market
Sugar stock was bought for lower Wall Street ac-
count, and insiders bullish over trade pros
poets and present relations with the Independent
refners The ArbuckIes advanced the price OF the
rehned product ten points To $50. which Is five
points below the selling price OF other companies
MEXICAN Ct.NTRAL.-The directors OF the
Mexican Central Railway Company will meet in
Boston on June II. The New York News Bureau"
says that II has authority for the statement that
no steps viii be taken toward making a payment
on tile july coupon OF the UrSt income bonds
stated on high unofficial authority that the di-
rectors at the coming meeting Will recommend n
comprehensive readjustment OF the cornpany's
junior securities. Of which deposits Will probably,
be asked II IS thought that the direct benefits
that the first income holders VIII derive from this
are much more than offset for the disappoint-
ment which might be felt speculatIvely over the
non-payment on the coupon
TOBACCO SHARES-Amerlcan Tobacco and
continental Tobacco stocks strong features.
both shares selling we'll beyond their actual worth
1t was reported that tho new tobacco company
would absorb the American Continental and the
Havana Commercial companies paying 200 in new
stock for American Tobacco common and 100 for
Continental Tobacco sommon
PEOPLES GAS.-There was a steady absorption
Of Peoples Gas and predictions OF much higher
prices for the stock We're made by persons identi-
fled with the property. Arrangements are said TO
be nearly perfected for the acquisition the cleo
trio light interests In Chicago In behalf of the
Peoples company. The new agreement between
the city Of Chicago and the Peoples Gas Company
probably VIII be ratified at the next meeting OF
the Common Council.
UNITED STATES ST EEI..-The United States
Steel stocks were In large demand and they i'm
proved in price Mr. Keene took active hand in
the dealings The return of Mr.. Morgan from
Europe is expected to be followed by special activ-
ity In these Issues.
AMERICAN LINSEED.-The time set for the
deposit of American Linseed stocks in exchange
for the stock OF the Union Lead and oil Company
VIII expire tomorrow. after which date the stocks
VIII be received only at the discretion of and on
terms decided on by the directors of the Union com
pany.
BROOKLYN RAPID RANSIT.-BrookIyn Rapid
Transit was in good demand. II looked as if the
stock were being accumulated preliminary to the
opening Of the season of large earnings. which is
almost at hand.
NORFOLK AND WESTERN-NorfoIk and
Western for April reports gain in gross earnings
OF $120.SS2 and in gain of $35S22 For the ten
months of the fiscal year surplus after charges
show an increase of SSi6 $50
|. ROCK ISLAND-Rock Islands earnings for
April show gain In gross Of S2S9 99S ana Il gain I'm
net of $7S,SO After charges surplus is sos 75I an
increase of $67760.