New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-17
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt in
upwa I'd of 1000 shares. buying balance. The
strength shown in American stocks in London
with advances extending To over points In St
Paul and y Of ! per cent elsewhere. gave good
the foreign market. in spite Of the decline
In cousols. The hitch in the peace negotiations
was the only unfavorable feature in the foreign
cables and this not regarded as serious. as
the Kaffr stocks were very little affected. London
advices showed there every probability OF the
new war loan being largely oversubscribed The
hardening OF exchange In Paris was satisfactory
feature.
STOCK LOAN oUOTATIONs.-I.oan quotations
Amalgamated Copper. Anaconda. American
Ice Atchlson common and preferred. Brooklyn
Rapid Transit. Baltimore and Ohio common. Chi
cago Terminal Delaware and Hudson, Erie com
mon first and second preferred. Manhattan. Mis-
souri, Pacific New-York Central Northwestern.
Metropolitan Street Railway Peoples Gas. Read
ing first preferred Republic Steel common and
preferred, Rock Island. St. Paul Southern Rail-
way preferred, Southern Pacific Sugar. Tennessee
Coal and Iron. Union Pacific common and preferred.
United States Steel common and preferred, United
States Leather preferred Wabash preferred and
Western Union. per cent; Colorado and Southern
and Louisville and Nashville. 4.
AMALGAMATED COPPER.-The reduction in
the Anaconda dividend has created impression
that at to-day's meeting of the Amalgamated
directors a further cut will be made in Amalga-
mated dividends. The declaration of a semi-an-
nual dividend of so a share by the Anaconda
Mining Company. contrasted with 81 . share
six months ago and 81 a share year ago. empha-
sizes the low earning state of the AmalGamated
Copper Company. The Amalgamated Copper Com
pany should receive about two-thirds OF the dvi-
dend just declared, about $4,000 which is GER
tainy not large basis for quarterly dividend on
1855 goo shares OF Amalgamated.
INDUSTRIAL SHARES. - In the industrial
group Colorado Fuel and Iron enjoyed early
sensational advance of per cent. closing with half
the gain lost. The movement was attended by ru-
that the control of the company had been
virtually secured in the interest of the United
States Steel Corporation. International Power vas
actively manipulated and scored n ma <n1um adj
vance of nearly twenty points Sugar Refining adj
yanced sharply in the afternoon the Washing
ton news that a time limit had been fixed the
debate on the Cuban Reciprocity bill Anaconda
declined sharply the reduction in its semi an
nual dividend. There free sympathetic selling
of Amalgamated Copper on this news. but the eX-
IRENE decline in the stock shade less than 2
per cent. and the loss for the day only
point. Among the strong features were American
Locomotive issues and International Silver.
AMERICAN COTTON COMPANY To ISSUE
BONDS-The American Cotton Company is to
issue 81 coo per cent three gold debenture
bonds due April 1906 the proceeds Of said bonds
to be used retire its present floating dehenture
mortgage to little than 1909 900. and TO
provide additional working capital. These bonds
ire to be offered to underwriters 50. per
cent commission and later for public subscription
UNITED STATES RUBBER.-United States
Rubber people assert that they have received suti
Client stock and promises of stock to re-elect the
present board. Talbot ]. Taylor Co say that
as the meeting is nearly month away. 1t Is i'm
possible what will happen
FAVORABLE BURLINGTON CROP REPORT.
Crop reports the Chicago Burlington and
Quincy Railroad Company encouraging Iowa
and Nebras particularly advanced in plant
ings. and the work has been done under the most
favorable conditions The area will be largely in
creased for corn and There is plenty OF
moisture and farmers confident everywhere.
ADVANCE IN REFINED PETROLEUM-The
price of refined petroleum has been advanced 20
points i0c in barrels and 4.S5c in bulk in New
York, Philadelphia quotations being on basis D
points lower.
ERIE'S NEW NICE-PRESIDENT.-At meet
ing of the board of directors of the Erie Railroad
Daniel Willard elected third vice-presdent of
the company.
ELECTED DIRECTOR.-James McGovern, of
the firm of James McCovern & Co. has been elect
ed director of the Corn Exchange Bank.