New-York tribune., 1903-04-30
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
7ooo shares in the local market, mostly sales In
London the Mexican issues were easier, in view OF
the reaction in the price Of bar silver. The mining
market was steady ard featureless. Consols were
unchanged. Money was trife harder IN fdrls'
and foreign exchange in the same centre was
easier. tending to point where. with the present
strength OF demand sterling here. gold exports
would be possible.
STOCK LOAN QUOTATIONS-Loan quotations
We're Amalgamated Copper, Anaconda. American
Ice Atchison common and preferred, Brooklyn
apid 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 {"
per cent.
CORN PRODUCTS.-The Corn Products Com
pany's earnings are running far ahead Of dividend
requirements and according To interests Identified
with the company. is enough business in sight
70 keep the concerns plants busy for a year TO
come. The consolidation of the companies forming
the Corn Products Company has been effective in
causing large saving in the cost of operation
while it has increased sales 10 large extent The
progress of this company and its sound financial
condition are reflected in the recent declaration of
dividends the common stock al the rate of t
per cent a year and in the ability of the company
to lend money in the loan market. Its cash de-
posis in this city amount to upward Of
S4OON eco There have been sales Of the stock
BY Chicago interests who were hurt in Chicago
Traction and other stocks. hut offerings have been
well taken and it is now believed that active ef-
forts will b. made to advance Corn Products to
level commensurate with its divid md return. The
company has just advanced prices for glucose ;
points to 81 So for 70 degree test.
REACTION IN SILVER NATURAIA-The frac-
tiona1 decline in bar silver Is natural reaction
from the sharp advance recently Silver experts
believe that the will go still higher. and say
that no factors have arisen in the situation within
the last few days to cause them TO think differ
entity The corresponding advance Of about ;
points in Mexican exchange New-York Is
garded as equally natural In comparison with its
advance Of ! points there has been decline in Il
very short time of over 20 points. IT should he
membered that government has a considerable
amount Of silver buy yet on the original appro-
priation for Philippine coinage. There are said to
indications of any sla okening i'm the general
demand.
ACTIVITY IN MEXICAN BONDS.-The recent
marked activity in the securities Of the Mexican
railroads. due largely to the decided Improvement
with respect to silver has not been confined to
the stocks of these companies alone. although
naturally they have led the movement. The bonds
of both the Mexican Central and the National
Railroad Of Mexico have been in demand at
higher prices
PTTTSBURG AND LAKE ERIE.-Directors Of
the Pttsburg and Lake Erie have reComnlen nded
the increasing Of the capital stock by 100000 from
10000 to s10,0o0oo. subject 10 special stock
holders meeting June q. The stock will
be issued stockholders par $50 four shares of
the old emitting TO one share of the new stock
The main expenditure will be the laving Of seventy
miles of additional track. making four track line
from Ptttsburg to Youngstown
LEHIGH VALLEYS BIG GAIN.-March earn
ngs of the Lehigh Valley show an increase in
gross of 1922 4e4 and 4 gain in OF s972.3U
March 1902. The March surplus. after charges and
taxes was s62574. against deficit of S44 III in the
same month year ago
GENERAL ELECTRIC--It ts reported in Boston
that the management OF the General Electric Com
pany will make payment of 10 per cent stock
dividend year If business conditions continue
as al present There are no signs OF letup at the
present time.
APPLICATION To LIST-Applicaton has been
made to the Stock Exchange to list General Elec-