New-York tribune., 1903-03-04
WALL STREET AND EXCHANGES.

10000 shares in the local market. selling SoHp
shares on balance The decline in Paris exchange
on London was the only feature Of the foreign
money market but money was in good demand
abroad and 1t was not considered likely that rateS
would ease materially before the en1 % me nloh''
onsoIs recovered rather easily part Of the preced-
ing days sharp decline.
STOCK LOAN QUOTAT1ONS-hoa quotations
were: Amalgamated Copper. Anaconda, American
Ice Atchson common and preferred. Brooklyn
Rapid Transit Baltimore and Ohio common M
capo Terminal. Colorado Fuel. Delaware and ftud-
son. Erie common. first and second nreierreu'
Louisville and Nashville. Manhattan. Missouri Pa
cifc. New-York Central. Metropolitan street hal-
vay Norfolk and Western. Peoples Gas. Reading
first nreferred Republic Steel common and pre-
ferred Rock Island. st. Paul. Southern RAILWAY
preferred Southern Pacific. Sugar Tennessee Iodl
and Iron Union Pacific common and preferred.
United States Steel common and preferred 'niteo
States Leather preferred. Wabash preferred ana
Western Union S% per cent
IACKAwANNA BONDS TAKEH.-The greater
part Of the IGckawanna Steel Companys ne" oohd
issue has been subscribed for by the stockholders
and interests identified with the company. The
bonds which arc selling from 3S'c I" ~ Ia
the outside market are a first lien the COM
pany's property at West Seneca n !. Ihey az"
to be Gated April l. 1905, to be payable April i
1879 and redeemable at the option or the com
narv at 1071a and accrued interest at any time
within three years from April n"Nt. on sixty
DAYS notice Tf not so redeemed they are to be
convertible into stock of the company. dollar for
dollar at par the option Of the holder at any
time between April l. 1906. and April l. l9' Sp"ycr
G. Co and Kean. Van Cnurtandt & 20. who made
an agreement with the IarkdWanna Steel Com
many TO take the entire amount of the @l'oh'o"o
bonds which arc TO bc issued at the present time
or any part of them that may not hr subscribed
for hv tho stockholders received such large
number of applications for the bonds that several
davs ago they declined consider further appi-
cations
CIRCULAR ON COTTON.--TheodorcT II, Price. in
circular issued yesterday. says: at IS becoming
evident that those who confidently predict a
further advance in cotton likely for the I'M
mediate future to he without the support of the
foreign markets In Liverpool at the close to-day
quotations for the active options are slightly lower
than yesterday, although sharp advance was
logically due to follow the improvement shown by
the NeH-York market OF Monday. During the morn
ing simultaneous quotations in New-York Of 1o.3G
for March, and Of SIS for MarchApril, In Liver
pool we're recorded. This means that the New
| York market is relatively much higher than
| Liverpool. Under such conditions. 1t is evident
that the export movements must come to an end
and Southern spot markets commence to ind
cate that the demand for actual cotton there is
only fill enga gements.
| I.EHIGH VALLEYS EARNTNCS.-Ciross earn
ings of the Lehigh Valley system in January in
| creased S693 1888 over the time year ago.
and net earnings increased $721 .4lT. \ year ago
the IIehigh Valley Company, just recovering from
the December. 1901, flood appropriated N25.o0O for
| repairs The road Is in such condition that
| this item was cut down more than half In Ian
| uary, 1905 Every branch Of the company appears
to be doing WELL the railroad water lines and coal
company all showing large increased earnings. SO
| that tho net earnings for the month are nearly
| 100000.
| APPLICATION TO LIST. Application has been
| made to the Stock Exchange to list General Chem
ical Company $5S4.0n0 additional preferred stock
/ and International and Great Northern Railway
| Company $4,000 additional first mortgage per
cent bonds of 1919 and 100000 additional second
| mortgage per cent bonds of 1909.
| PENNSYLVANIA JANUARY EARNIN NCiS.-The
| gross earnings Of the Pennsylvania lines Of
| Pittsburg In January increased S9S44O0. while net
earnings decreased 1851 200. Lines west of Pitts
| burg showed a gain in gross of &274600 and de-
| crease in net OF 1911, 400.
| REGULAR SUGAR DIVTDENDS.-The directors
| of the American Sugar Refining Company have
declared the regular quarterly dividends of l34 per
cent the common and ia per cent on the pre-
| ferred stock.
| CUSTOMS BUSINESS DONE.-Appraiser White
| head Yesterday received reports showing the Gus
| toms business done at this port last month. The
appraised value Of merchandise was $3 7s52I IS as
against $780, O7s "a for February. 1902. The number
of invoices and appraisement orders last month was
| 81 547, and for February. 1892. 24.i5s