New-York tribune., 1903-05-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
5000 shares in the local market mostly purchases.
In London consols were unchanged and the general
market was featureless Traders busy with
the mining settlement. Money was easier in Paris
and exchange London was weaker. both there
and in Berlin. where the money rate showed q
hardening tendency.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amagamated Copper Anaconda. American
Ice. Atchison common and preferred. Brooklyn
Rapid Transit. Baltimore and Ohio common Col
orado Fuel. Delaware and Hudson. Erie common.
first and second preferred. Louisville and Nash
VILE Manhattan Missouri Pacific. New-York Cen
tral. Norfolk and Western, Metropolitan Street
Railway Peoples Gas. Reading first preferred.
Republic Steel preferred Rock Island. St. Paul.
Southern Railway preferred. Southern Pacific.
Sugar. Tennessee Coal and IRON Union Pacific
common and preferred United States Steel COM
mon and preferred United States Leather pre-
ferred. Wabash preferred and Western Union. 2ls
per cent: Canadian Pacific and Pennsylvania, per
cent
VIEW OF THE SITUATION--As for more
than ofsetting the supply OF undigested securities
attention is directed to the vast amount of undi-
gested money in London, which was disclosed by
the stupendous total of the subscriptions to the
British Transvaai loan. 1t is also pointed out that
there are times when IT takes twice the volume OF
purchases to put stocks that 1t takes of sales to
put them down. whereas it now takes twice the
of sales to put stocks down that 1t takes OF
purchases to put them up
SLOSS- SHEFFIELD COMMON DIVIDEND.-1t
is understood that action will be taken with re-
gard to dividend on SIoss-Shefield common stock
in the near future possibly before the end of the
month 1t Is believed that II VII be at the rate
of either per cent per annum. On May 81
the company will close the first half of its current
fiscal year It is stated good authority that on
that date the company's accumulated cash surplus
will be considerably more than so per cent of its
entire bonded debt.
UNITED STATES STEEL CORPORATION
MARCH EARNINGS.-The het earnings OF the
United States Steel Corporation for the month of
March were 50 e12 OOO This is $4,000 greater than
the estimate made by the directors The earnings
for April have yet been ascertained. nor will
the officials make any estimate of them. But peo-
pie well posted believe that they will be upward of
$12C0O0O0.
ILLINOIS CENTRAL.-Illinois Central
spfcuously strong. although the buying seemed to
be merely for the more active of the Western OPP
orators. Considerable importance was attached to
the dividend outlook, and the best opinion con-
tirmed the belief that some increase in the divi
dend be expected in July. Harris. Gates &
Co. the principal buyers.
GOLD EXCHANGED FOR EXPORT.-Lazard
Freres have engaged n.500.00o gold at the Assay
Office to be withdrawn this morning and sent to
Paris on the steamship Kronprinz Wilhelm. Later
In the week 500 600 gold will proba bly, be shipped
oFFF,R TO BUY OR SELL RIGHTS-Thomas L.
Manson & Co offer to buy sell New-YOrk, New
Haven and Hartford Railroad Company rights.
ATLANTIC COAST LINE BOND EXCHANGE.
The Atlantic Coast Line Railroad has given notice
10 holders of first mortgage cent bonds of
the Florida Southern Railroad Company and of the
first mortgage As of the Sanford and ST Petersburg
Railroad that under the agreement between these
cornnanes and the Atlantic Coast Line Railroad the
bonds of the Florida Southern and of the Sanford
Company may be exchanged for t1rst consoiiGatea
per cent mortgage bonds of the Atlantic Coast
7 inc Railroad at the office of the United States
Trrst COMPANY No Is Wall-st.. until March 19.
1901 on the basis of 80 per of Coast Line
soldated per cent mortgage bonds for par OF the
bonds of the other two named companies, the DIFF
ference in interest the bonds exchanged being
adjusted IN cash.