New-York tribune., 1903-02-05
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreigu houses dealt
lightly in the local market. selling on balance. In
London American stocks were dull. and except
for the strength in United States Steel issues the
changes were trifing Copper stocks
spicuously strong. Consos were unchanged There
was no feature In money or exchange in any of
the European centres. 1t thought that the
Bank Of England would be able TO reduce its dis
count rate to 3i2 per cent in view of the assured
ease In money for some time 70 come
STOCK LOAN QUOTATIONS-Loan quotations
were: AmaIgamted Copper Anaconda. American
Ice AtChison common and preferred. Brooklyn Rap
id Transit Baltimore and Ohio common. Chicago
Terminal Colorado Fuel. Delaware and Hudson Erie
common first preferred. second preferred, Louis
Vile and Nashville Manhattan. Missouri Pacific
New York Central, Northwestern, Norfolk ana
Western Peoples Gas. Reading first preferred
Rock Island. ST Paul Southern Railway preferred
Southern Pacific Sugar. Tennessee Coal and Iron'
Union Pacific common. United States Steel com
mon and preferred. United States Leather pre-
farred Wabash preferred, Western Union Repuphc
Steel common and preferred. 1"ad@ per cent Ch'oh
Pacific preferred. pa per cent
MARKET CiDSSTP.-HeavY buying orders were
ra7orted from Palm Beach. where several umpor-
tant capitalists With speculative prochvities are
STAYING St Paul was bought for Gates account.
United States Steel common was heped hy Tue gu!
norncenert that Mr.. Morgan had refused To sell
,r,. of his holdings Buying of Reading came
from various sources and it was reported that the
voting trust would be dissolved. Pool operators
erdeavored 10 advance Ama1samated and Smelters,
hut the latter was sold under coyer of the activity
i'm conner The Western crowd bought Reading.
southern Railway and Erie, Heavy selling of Rock
Island hv street & Norton checked the advance in
that stock Trade conditions helped the Lead
issues People with good information bought the
Wabash shares and bonds. Hartman interests
bought Illinois and Pacific Mail, while all
the Hartman stocks We're in demand. Erie second
preferred will II is reported. he retired at q" Ac-
tivity in Chicago Great Western common and pre-
ferred + appeared to he due to inside buying
UNITED STATES STEEL-An the details in
connection with the acquisition of the Union and
sharon steel companies were completed and sp-
proved at the directors meeting OF the United
States Steel Corporation on Tuesday. While the
Profits Of these have gone to United states
steel since December l. the audtts have never been
verified The transfer of these companies was
made in accordance with the plan ,unced
several weeks ago.
BRUNSWICK COMPANY MEETING-Thc an
nuaI meeting of the Brunswick Dock and City I'm
rroyement Company will be held February TO- \
director says that a change in the board is improb-
able II takes 25.0H1 shares to control tho
panv and considerably more than this amount is
in the hands of the present board and their friends
REGULAR BALTIMORE AND OHIO nIVI-
DENDS-The Baltimore and Ohio Railroad Com
rany has declared the usual semi-annua dividends
Of per cent on its common stock and per cent
on its preferred stock. payable March . Books close
February Il and reopen March 2. James Speyer has
been elected director of the company in place of
Martin Erdmann. who retres
CANADIAN PACIFIC.-Earnings of the Canadian
Pacific for the fourth week in January show
gain the time last year of S154.noo. MAX
ing for the month a gain of s527OOh- From July
January 81 earnings were s3,4ef,0oo.
GENERAL CHEMICAI.-In his annual report for
the year ended December II. 1902. the president Of
the General Chemical Company that the busi-
ness the company for tho last fiscal year in spite
o the disastrOus foods of last March. eutailing
direct loss of than $4,000 to the compa ~ aud
Of the unfortunate strikes shows substantial in
crease. The company has acquired several fouuda-
tion patents. important material supplies. and
in other ways greatly increased its facilities
for manufacturing and marketing. The income ac-
count follows: