New-York tribune., 1901-05-10
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Wherever possible arbi-
houses sold stocks in the local market but in
the general confusion that prevailed II was impos-
sible to trace the foreign dealings. London prices
were weak. Foreign houses unable to do a
satisfactory arhitrage business. owing the crazy
movements Of local prices.
PHILANTHROPY IN WALL STREET.-Early
in the day the banks called loans right and left
without regard to the market effect OF their action.
The worst breaks in the market due TO call
ing of loans. In the afternoon the banks lent
money at exorbltant rates. and congratulated
themselves because they had they believed.
avertcd panic. The bankers syndicate made its
first loan at 50 per
BROOKLYN WHARF AND WAREHOUSE
According 10 the receivers report the earnings Of
the Brooklyn Wharf and Warehouse Company for
the year ended January 81 1901. $3.50 ISL after
charging expenses 2.75O interest Sass, coo
mortgages property Of the Baltic Realty Com
pany covered by first mortgage and 10000 in
terest loans. thus showing s6lS 2Ol actual net
earnings.
cent dividend declared by the directors Of the
American Express Company Wednesday. an
extra dividend of 81 n share declared from In
come from investments
STANDARD OIL.-Standard oil conspicuous
IN the outside market by reason Of the heavy
huctuaton IN the stock The opening AT s0i.
with decline OF l5i points go rallying later rs
points TO 775. and closing 80 bid.
WHEELING AND LAKE ERIE.-Wheelng and
Lake Erie directors have elected the following off,
GERS: Joseph Ramsey. jr., president; a w. Krech.
vice-president: Myron G. Herrck. chairman of the
board. and II. Il. Henson. treasurer. The office OF
secretary was left open
ST. LOUIS SOUTHWESTERN INTEREST.-The
ST. Louis Southwestern Railway Company has de
cared the regular semi-annual interest of per
cent its second mortgage income bonds pay
able July /. A director said at the close OF the
meeting that I'm view OF the unsettled condition of
action the dividend question. but that 1t would
be taken up meeting be held in the near
future
OUTHERN RAILWAY.-In the break In prices
a particularly good demand developed for Southern
Railway common. with the result that the stock
sustained net loss OF only per cent.
UNITED STATES STEEI.-The stocks of the
United States Steel Corporation sustained heavy
fall in the general crash hut they displayed re-
operative powers In a marked degree. Consider
ing the large OF the dealings In these issues
the net losses in price not great.
SUGAR REFININCi.-The stock of the American
Sugar Refining Company was not extensively dealt
in and closed the lowest price of the day. This
considered remarkable, inasmuch as sugar
trade conditions supposed TO make the posi-
ton Of the stock comparatively strong.
CONNECTICUT LIGHTING BONDS.-The sub
scription books for the 4la per cent bonds of the
Connecticut Railway and Lighting Company closed
shortly after noon yesterday at the offices Of j. g.
w Scligman & Co. and Redmond. Kerr & Co. the
whole amount having been subscribed for notwith-
standing the depression in Wall Street. This Incl
dent shows conClusvelv that the big drop in prices
has been purely speculative. and that there is
still large demand for good investment securities
whlcn promise a fair return