New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-05-16
WHEAT.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-I.ondon was more dis
posed to trade in American securities. and arbi-
TRACE houses bought about 10000 shares. Reports
received by foreign firms reflected easier feel
ing in London and d successful end of the fort
nightly settlement.
STOCK LOAN QUOTATIONS-Loan quotations
AtchisOn common, 4: Northern Pacific pre-
ferred. p Rock Island. Hat; Atchison preferred
Chicago. Burlington and Quincy, Peoples Gas
General Electric. Missouri Pacific New-York Cen
trail, Northwestern. Reading LIST preferred ST. Paul
Sugar Union Pacific common and preferred, Amer
lean Tobacco common. Continental Tobacco COM
mon and preferred. 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. Anal
gamated Copper and United States Steel common
and preferred, sac
CHARACTER OF TRADING.-Chicago houses
were sellers and Chicago spectators were bearish
Buying by local houses for strong accounts.
and in most instances orders backed by
margins of 20 per cent or more T. J. Taylor q
Co. Rolston & Hooley. II. l.. Horton & Co. and
J. S. Bache & Co. were heavy buyers around the
room Bargain hunters were in the market. and
their purchases with covering by the shorts
started the advance. Union Pacific bought
early by II. Content & Co. but later this firm
heavy seller. Rock Island was scarce in the
loan crowd and advanced rapidly.
COLORADO FUEL AND IRON.-It is announced
in Chicago that the Colorado Fuel and Iron Com
pany will issue SOO0OOOO in bonds Proceeds of the
sale will be used for the purpose. among other
things. u constructing a tinplate mill and wire
mill. T. is also announced the bonds have been
underwritten. Changes will be made in the board
of directors. The members will include IL is
said John w. Gates, John Lambert and James
Hutchins.
REPUBLIC IRON AND STEEIA-Another quar-
tcrly dividend on the preferred stock of the Re
public Iron and Steel Company is due be de-
clarsd within the weeks. The usual
quarterly dividend OF IL. per cent is expected The
business of the company the current year has been
on good scale The saving the result of
concentration Of the plants and cutting down Of
general expenses will be considerable.
MISSOURI PACIFIC.-Mssouri Pacific suffered
a sharp early decline. despite q favorable report of
earnings for March Gross receipts increased $751;
SEQ and slsj.l56. The prospects of dividend
on the stock particularly bright the
ment. the policy Of the company is to spend
large amount of money the property.
STOCK EXCHANGE SEATS-The breakdown in
bull speculation has evidently caused lighter de-
mand for Stock Exchange seats, as il is under
stood that a membership Is offered at $4,000.
The last sale at 81.
CHICAGO. BURLINGTON AND QUINCY-Cer-
thcates OF deposit for Chicago. Burlington and
Quincy capital stock. exchangeable for bonds only,
have been admitted to quotation in the unlisted
lington and Quincy purchase underwriting syndi.
cate have called for 10 per cent Of the amount OF
HoMEsTAKE MINING coMPANY.-The Home
stake Mining Company has declared its regular
monthly dividend of % cents share and extra
dividend of the same amount. both payable May IS
the office Of the transfer agents. This makes
total Of 1925. 80 paid in dividends 10 date.
MORTON TRUST COMPANY-It is authorita-
lively stated that during the depression of the
money market the Morton Trust Company
prominent in relieving the situation by making
large loans regular rates.
ELECTED TREASUREEt-Ham z. Tener
jr. has been elected treasurer of the American
Cotton Company. in place of Winthrop NJ. futile,
resigned. Mr.. Tener who has until recently been
connected with the Carnegie Steel Company.
sumes his new duties at once.
PRODUCE EXCHANGE ENTHUSIASTICALLY
plicatiouS for three memberships the Prod
uce Exchange were received yesterday The quoted
price from 500 $3.50