New-York tribune., 1903-02-26
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foregn houses dealt in
1s COO shares in the local market. mostly purchases
Trading was wholly of arbitrage character.
Foreign houses report good demand for Amer
lean bonds In the London market heavy dealings
were reported in home securities and the kafhrs-
MARKET GOSSIP-There was an attempt 10
make raid on Metropolitan for effect on the gen
era list but it failed to induce liquidation There
was no difficulty in borrowing the stock United
States Leather issues sold off on the theory that
nothing would be done toward financing the back
dividends on the preferred stock Buying Of United
States Realty inspired by interests con
rected with the underwriting Good buying was
reported in Baltimore and Ohio Amalgamated ana
Anaconda helped by the advance in the price
of the metal. The activity in Rock Island was
accompanied by usual rumors of the acquisition
of various properties, of which St. Louis and san
Francisco seemed to be the favorite. The profes-
sionaI opinion that as in the case or the az
vance in Erie advantage being taken OF the
strength in Frisco TO distribute little Rock Island
stock The buying in Tennessee Coal and Iron was
considered good People conversant with the affairs
of the company say that under its new pig iron
and coal contracts, and with its improved facilities
il can earn u per cent on the stock. The early
strength i'm Delaware and Hudson attracted some
attention. In the opinion of the best judges the
buying was based on earnings. as shown by the
rapIity with which the loss over the coal strike
vy.is being recovered. There was evidence Of
iqlidation in Brooklyn Rapit Transit and a num-
ber OF people who had bought the stock on the last
metropolitan alliance rumor were throwing it over
The reaction in ST. Louis and San Francisco was
taken as evidence that the recent advance had
been made to facilitate the distribution of the re-
funding bonds. There good inquiry from Am
sterdan1 for this issue. Traders did not like the
Wabash labor situation and sold the preferred
stock rather freely.
STOCK LOAN QUOrATIONS.-Loa quotations
were: Amalgamated Copper. Anaconda, American
ice Atchisou common and preferred. Brooklyn
Rapid Transit Baltimore and Ohio common chi
cago Terminal. Colorado Fuel. Delaware and Hud-
son, Erie common, first and second preferred
Louisville and Nashville. Manhattan Missouri Pa
citic New-York Central Northwestern. Norfolk
and Western. Peoples Gas. Reading first preferred
Republic Steel common and preferred. Rock Is
land ST. Paul. Southern Railway preferred. South
ern Pacific. Sugar. Tennessee Coal and Iron
Union Pacific common and preferred, United States
Steel common and preferred. United States
Leather preferred Wabash preferred. Western
Union. 2s4Q& per cent.
LACKAwANNA STEEL LOAN A sCCTEss.-
Application for the Lackawanna Steel Company's
new first mortgage convertible per cent bonds
at 97i2 and accrued interest have been heavy and
ii is understood that Speyer & Co, and Kcan, Van
Cortlandt x Co. pending the stockholders cXer-
Of their option declined 10 receive furth
CT applications for the bonds The bonds were in
demand in the outside market yesterday. holders
asking a point and half above the issue price
with sales at -.
EMPIRE STEEL AND lRON.-Thc annual
port of the Empire Steel and Iron Company for the
year ended December 81 1902, shows income of
$2oSoS after $6575 had been charged off for depre
citation. There were expended for Improvement and
repairs and charged to profit and loss $10i47 The
shutting down of the company's furnaces during
the coal strike caused of around 6000o in
pig iron production.
MISSOURI PACIFIC.-It Is reported that the
Missouri Pacific Will spent 5000 600 for new equip
ment in addition the contracts already placed
earnings of the Missouri Pacific for the third week
in February show an increase of $4,000 over the
same week last year, making gain of s776t21 since
January l.
GOLD FOR ARGENTINA.-Co to the amount
Of S75eoo9 will be shipped 3uenos ASrcs to-day
on a special operation The coin taken from
the Suh-Trcasury. 1t thought likely that the
consignees had paid commission of : of 1 per
cent get the metal
PERE MARQUETTE 4 meeting of directors
OF the Pere Marqette Railroad Company New
rn,ul frb elected vice-president and +. H.
Prince having started trip abroad. Mr.. Fro
Was authorized to discharge the Guties OF prcsi-
dent i3 his absence.
NusSOt RI. KANSAS AND TEXAs-t;ross
earnings of the Missouri. Kansas and rcxaS
tho laird week in February increased ss. r5 over
III" same week last year.
EDWIN HAWLEY rHOsEN.-At At meeting Of
the Postal Telegraph Cable Company held Tues
day. Edwin liawey was elected director
coed the late John W. Mackay.
ASSISTANT SECRETARY William l.. Brewer
has been appointed assistant secretary OF the Tru.
Company the Republic
SECURITIES IISTED.-The following securities
have been added the Stock Exchange list:
81 SIS 600 additional common stock of the General
electric COMPANY. 81 $50 100 additional common
stock of the Commercial cable Company. 81 000.000
additional first consolidated mortgage I per cent
coupon bonds Of 1896 of the Norfolk and Western
Railway Company $.14900o additional I per cent
refunding mortgage coupon bonds Of 1881 of the
St Louis and San Francisco Railroad Company.
and SO 900 900 3is per ten-year convertible