New-York tribune., 1903-03-17

-. Hgorev was nrrn IN all the European centres
and showed advancing tendency IN berlh' 70 roi
efRn exchange rates were rather easier fdr Si'Ei
was weak, and is now !ed beso" ue "e0' p'
reached on the rally
CROCK LOAN oUOTATTONs-Ioan quotations
were: Amalgamated Copper. Anaconda amer
Ice Atchison common and preferred DiooNlS" q"
paoid Transit Baltimore and Ohio common. "a
madam Pacific Colorado Fuel. Delaware anu Fiuu-
- Er,o common first and second preferred
Touisvflle and Nashville, Manhattan, missouri "a
cf1c New-York Central. Metropolitan StreeI nai'
Uav Norfolk and Western. Peoples CAS- Heauiii5
Arst preferred Republic Steel common ana pre-
ferred. Rock Island. st. Paul, Southern railway
rreferred Southern Pacific Sugar. Tennessee Goa
and Iron Union Pacific common ana preLerteu
limited States Steel common and preferreo. CIh'e JIM
States Leather preferred WABASH Pieiei' ~
ern Union, per cent ,,
Ir>1TEn STA STEELs BIG BUSINESS
Heads of different departments OF the Unite"
States Steel Corporation are quoted as repoi ,'le
that the subsidiary companies have unHiien . oIus
moo, remaining on their books of upward OF oVOo'VV
tons Of steel This Is the largest since the corpora
tio1 was organized. The great trouble Is the ill-
ability to obtain raw steel. If this d1tculty eouio
he overcome the finishing mills would Work up "
their full capacity and do much TOWARD cdlchi'ie
up with their delayed business
PENNSYI,VANIA.-"The Wall street "our"di
savs there is a good deal of interest with respect
TO the forthcoming allotment OF PennsylEd dili'' i
road stock. The indications are that IllS ANU
r7ent will announced toward inc emu vi '4''
,,on+h The terms are not yet settled but the
nrohab biIity is that the amount will be between
sso 0o O0 and 100000 of stock at 100 or 125 some
neone have feared the allotment as likely 10 nave
the effect Of accentuating the stringency IN tne
r,onev market AS matter of fact, 1t should nave
q nrec,sely contrary effect. The money as II comes
IN will be used to pay off loans made with panhS'
etc which means that 1t will be at once d'aI'd 0i0
for the money market A good deal OF the liol,eS
will come from quarters where II Is not dN da "'I
for the money market. The effect or the oPer'iOli
In fact is to gather up money from a 1luHlOei VI
small sources and concentrate 1t in one place. ne
instalment payments will be arranged 50 as 10 III
voIve no hardship TO stockholders.
Union PACIFIC-Union Pacific sold on unoer
rressure from traders, who were encouraged pS
the development of realizing for foreign account
London exhibited more nervousness than TINS mar
e+ m the question of the Southern Pacific dispute
and the realizing represented foreign attitude Inc
stock seemed to be pegged in the neghoornooo ol
81 and the banking interests associated with the
control got the credit for the buying
COAL STOCKS-The Erie issues were heavy ana
were sol, for foreign account, but Reading aC'eo
1veu and apart from the expected good showing
of the February earnings, seemed to nave a rather
strong bull crowd which was helped by the small
minority stock available for street purposes
APPLICATION TO LIST--Applicaton has oHen
,,oda +o tho Ney-York Stock Exchange by the IL
Toeenh Railway Light. Heat and Power COMPANY
to list So 100000 first mortgage per cent nohdS ~
1927 and limited Railways Company Of 81. LOUIS
SOS ae2 ono first general mortgage per cent pond5
Of 1894