New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-06-06
WILL STREET AND EXCHANGES.

FOREIGN TRADING.-Forefgn houses were Ho'
active in the local market. total TRANSACTIONS
amounting to less than 5000 shares, mostly SALTS
The trading in American stocks in London was TOO
light to have much significance. out quo'aeo
were upon the whole. rather above parity. buS'
ness was small throughout the list aithoush Ian
strength was shown in the kaffr stocks ana con
soils The bank rate was unchanged and the Week
Iv return showed strong proportion OF reserve "
liza Utilities and considerable gain in bullion in the
week There no feature in money or exchange
in any of the European centres
STOCK LOAN QUOTATlONS-Loan Quotations
were: Amalgamated Copper Anaconda American
Ice Atchison common and preferred BROOKLYN
Rapid Transit, Baltimore and ONO common, I'M
cago Terminal. Colorado and Southern Delaware
and Hudson Erie common. first and second pre-
ferred Louisville and Nashville. Manhattan. Mis-
souri, Pacific, New-York Central Northwestern
METROPOLITAN Street Railway, Peoples Gas, READ
ing first preferred, Rock Island St Paul southern
Railway preferred Southern Pacific, sugar fte-
filming Tennessee Coal and Iron, Union Pacific
common and preferred, United States steel COM
mon and preferred, United States Leather pre-
ferred. Wabash preferred Western Union and Re
public Steel common and preferred, 3 per cent
STOCK EXCHANGE GOSSIP-It reported
in the room that H. G. Well and several other
prominent traders were on the short side or the
market, intending to carry on an aggressive pear
campaign. There was, however, no evidence OF
bear leadership of concerted action on the bear
side Liquidation yesterday was scattering long
stock. The market has no tone, and people VINO
bought a week ago evidently have become tired
and disguised with the current dulness. and are
selling Many traders said yesterday that as the
market would not advance it ought to decline ana
so they took the short side of speculation. STOCKS
sold went into good hands
LARGE PURCHASES AND HIGH PRICES FOR
PIG IRON.-An order for hundred thousand
of Bessemer pig iron has been placed with the
Bessemer Association for delivery during the last
quarter of this year and the first of next The
price was 500 and 800 90 which is the highest PAID
for large quantities this year. The purchaser is
not known. but is believed to be the United
States Steel Corporation The corporation paid for
ITS last big purchase of Bessemer pig iron 80 o.
The price of the last purchase is regarded as esao
fishing the rate for Bessemer pig for next year
delivery.
AMERICAN LIGHT AND TRACTION COM
PANY-The stocks of the American Light ana
Traction Company have exhibited marked strength
recently in dealings the curb. Inc demand Iot
the preferred issue yesterday was large, and all
offerings were quickly absorbed at an advanced
price It is understood that several parties nave
been endeavoring to secure large docks OF the
stock for which they willing to pay CONSIDER
ably more than the market price, inasnuch as 1t
was impossible to secure the STOCK III oii0 'iA0'
share lots the curb.
CHICAGO GREAT WESTERN.-On the dechne
yesterday the greater part of Chicago Great west
ern stock that sold was taken by people VINO
have been accommodating the stock for long Tune
mast It is thought that soon as the general
: market advances Chicago Great western VIII pe
an active strong feature.
AILIS-CHAIMERS DIRECTORS REFLECT
ED-At the annual meeting of the stockholders
of the Allis-Chalmers Company yesterday the re-
firing directors reelected There were repre-
sented at the meeting 15l, 400 shares OF prelerreo
stock and 19i 1894 shares of common STOCK
FULLER SYNDICATE READY TO PAY.-F. s.
Iandstreet, Of the Fuller syndicate says that the
syndicate is ready to pay for the Western Maryland
railroad and take possession of the property II IS
understood payment will be made within the next
week ten days.
MISSOURI PACIFIC EARNINGs.-For the last
week i'm Nav gross earnings Of the Missouri Pa
ci6c increa sed 1852 900 over the same week year
GRASS TWINE DIVIDEND-Ihe American
Grass Irvine Company has declared the regular
quarterly dividend of IL per cent, payable july l..