New-York tribune., 1903-05-01
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt In
5000 shares in the local market, mostly sales The
London consols were steady and dull The copper
stocks showed considerable strength, but the Mexi
can issues eased off in sympathy with the further
reaction in bar silver In view of the May holiday
the volume of trading all around very light.
Money was tri1e firTner in Berlin. The Bank Of
England did not change its rate. and made only
moderate showing I'm the weekly return, in spite Of
a fair gain in bullion.
STOCK LOAN QUOTATIONs.-Loa quotations
were: Amalgamated Copper, Anaconda, American
Ice, Atchison common and preferred, Brooklyn
Rapid Transit Baltimore and Ohio common. Cana-
dian Pacific, Colorado Fuel. Delaware and Hudson.
Erie common. first and second preferred. Louisville
and Nashville Manhattan Missouri Pacific. New
York Central Norfolk and Western, Metropolitan
Street Railway, Peoples Gas Reading first pre-
ferred. Pennsylvania. 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 common and preferred. United States Leather
preferred. Wabash preferred and Western Union.
215 per cent
MAY DISBURSEMENTS" Daily Stock
hoIders compilation shows that interest is due to-
day bonds having a par value of S1076,272905,
calling for the distribution of S2391059S. against
S21 420919 last year SIC 399 IN 1901 Ss 1872 703 in
1900 and s18,4S5.19 in 1899 Dividends payable
during the month stocks having a par value OF
amounting to 062 725. compared with
s37 2Z3024 last year S17.93071 in 1901 S14SoSS7S I'm
1900 and s2 ia 765 in 1899 Combined dividends and
interest payments s67 973 323 against s5S643943 last
year $S712170 in 1901 s335565s1 in 1900 $32oS514 in
1893 and S27. 4,338 in 1898
NO EXTRA PEOPLES GAS DIvIDEND.-On the
authority Of a director of the Peoples Gas Light
and Coke Company It may be stated that in
crease in the dividend rate is contemplated at this
time. Rumors to the contrary. he said are mis-
leading. Those who ought to know what Is going
on in the stock say that the buying has been
of sterling character and has been largely for the
account of persons who know exactly what they
are doing. 1t is said that something may soon be
heard about gas that will bear out this assertion
WABASH PROSPECTS.-An officer of the Wabash
says that the volume OF traffic IS so heavy that
the company is pressed for equipment and that the
car shops at all points being pushed TO their
utmost capacity. Extraordinary activity mas. OF
course been INDUCED in as to have the road
ready for the opening OF the Chica goPitsburs line.
The company has placed orders with other com
pauies for a large number Of cars. but this
will not furnish sufficient equipment for all the new
trains which new lines will demand. Arrangements
have been made for lighting the yards at Toledo
BY electricity to facilitate the night work.
CHICAGO. MILWAUKEE, AND ST. PAUL--There
is no diminution in the volume Of business on lines
of the St Paul and its officers predicting heavy
traffic all summer The loaded car movement thus
far for April has been fully equal to that OF the
preceding month and operating expenses are said
10 he materially less. Officers of the road explain
that all difficulties that arose between the railroads
aud the Minneapolis milers are in fair way to
discrimination in rates wheat as against -four
will he made right at once.
ERIE'S EARNINGS--Erie's big net earnings in
March point to a big traffic business and reflect
ceIent mana cement. a largely increased volume of
business being handled with a comparatively small
increase in the expense OF transportation The
outlook for a continuance Of large increases in
Erie's gross and net business in the three months
OF the fiscal year is favorable and it is likely that
a fair surplus viii be shown from the coal com
panies probably in the neighborhood Of $StA.0o)
S9O0CO0 as compared with $l,t0000 in 1902. The
ruuor that Erie is about to build line Of its
own Pittsburg appears to be without foundat ton
1ne arrangements with Pittsburs and Lake Erie
for an entrance to Pittsburg satisfactory. and
since the contract is perpetual there is no reason
why il should not be continued. Erie would not
ahrogate this contract if II could, and could II
it would.
A STOCK JOBBING LlE''-Pennsylv lvauia OH
GERS say that the rumor that the dividend will he
reduced is simply stock jobbng lie" The divi-
dend question will be considered by the board to-
day. The regular dividend will be declared
NOTICE OF REMON AL--The Wall Street Office
Of The New-York Tribune is now in the Corn Ex-
change Bank Building. No i Wnliam-st.