New-York tribune., 1901-05-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London prices were ir-
regular arbitrage houses dealt both sides of
the account Total transactions amounted to $1,000
shares, about evenly divided between sales and
purchases
STOCK LOAN QUOTATIONS.-Loan quotations
Atchison common, Rock Island, Northern
Pacific common and Western Union, per cent;
Atchison preferred. Chicago, Burlington and Quin-
cy, General Electric. New-York Central. North
western. Union Pacific common and Louisville and
Nashville 32; Peoples Gas. Reading first pre-
ferred St. Paul. Sugar Refining, Union Pacific pre-
ferred American Tobacco common Continental
Tobacco common United States Leather preferred.
Continental Tobacco preferred Brooklyn Rapid
Transit, Tennessee Coal and Iron, Southern Rail-
way preferred United States Steel common and
Amagamated Copper, S13G4; Missouri Pacific
Manhattan and Delaware and Hudson, 81 Northern
Pacific preferred and Baltimore and Ohio common
fiat. and United States Steel preferred. T.
TOLEDO. ST LOUIS AND WESTERN.-The
Toledo, st. Louis and Western earnings continue
to exhibit large Increases. and for the fourth
In April returns published yesterday show So ,464
against S4,S72 last year. increase of s2s 092 or
than so per cent The gross earnings
since January l have increased about 80 per cent
and the officers Of the road say the earnings
for this year will largely exceed their recent esti-
mate. and that the earnings for this calendar
year will probably approximate 50 100000 gross with
$1,000 net. which. after fixed charges Of $4,000
will leave $4,000 applicable to the stock.
than per ceat.
THE NEW SMELLING STOCK-The interest
opposing the amalgamation of the American Smelt-
Ing and Refining Company and the Guggenheim
plants and which recently obtained an injunction
restraining the Guggenheims from transferring or
incumbering the new issue Of stock which they had
10 receive in payment the sale Of their prop
critics to the smelling company. allege that this new
stock has been illegally issued, and that II is not
good delivery. a test will be made before the
governors cf the Stock Exchange early next week.
re-
stood that large short interest in American rail-
way shares still exists OF the European
financial centres well the London Ex-
change. This is due the fact that great num-
her OF veteran spectators in American railway
shares are unable 20 comprehend the new order OF
things in American securities. The exchanges at
Liverpool ind Manchester particularly short OF
Union Pacihcs and 1t IS understood that good deal
OF short selling has been due direct advice from
New-York brokers. at intervals in the New-Yorlz
advance, to sell short.
SUGAR PRICES HIGHER-Au grades Of re-
fined sugar have been advanced ten points II was
reported that further advances would be made.
Trade conditions and unauthorized talk OF divi-
dends on Sugar Refining stock the old rate of II
per cent caused active buying of the shares in
yesterdays market
SILVER EXPORTS.-The steamship Lucania
sailing for Europe to-day. will take out $4,000
ounces OF silver, shipped follows: The United
Metals Selling Company, 5000 ounces. and Zim-
mermann & FOrshay. $4,000 ounces.
DEPOSITS OF BURLINGTON-The deposits OF
Burlington stock under the provisions the circu-
lar have been heavy in Boston. at the Old Colony
Trust Company, and IT is understood that a very
large percentage of Boston owned stock has been
already deposited
DIVIDEND DECLARED.-The Greene Consoli-
dated Copper Company has declared dividend Of
per cent, payable on May 25
THE VARICK BANK.-The Varick Bank which
started business about three months ago. has now
S62j 900 in deposits.