New-York tribune., 1903-04-24
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
10000 shares in the local market. mostly purchases
In the London market New-York was an active
buyer Money was a tri1e harder in London The
return. however, a strong one. showing an
exceptionally high proportion of reserve 10 ltabi-
ties and large gain in bullion in the week Bar
silver made d further important advance. Con-
soils. after early weakness, were 1925 on the curb
They were helped by the reduction in the income
tax, but the announcement that the sinking fund
would be increased was also very important
factor.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Analgamated Copper. Anaconda, American
Ice Atchison and preferred; Brooklyn
Rapid Transit, Baltimore and Ohio common Ca
madam Pacific, Colorado Fuel Delaware and Hud-
son Erie common, first and second preferred.
Louisville and Nashville, Manhattan, Missouri Pa
ciic. New-York Central. Norfolk and Western.
Metropolitan Street Railway. Peoples Gas. Reading
first preferred. Pennsylvania. Republic Steel pre-
ferred 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, West
Union, Sl2 per cent.
MANHATTAN'S EARNINGS-The quarterly
port of the Manhattan Railway Company, which
will soon be issued. will. it is said be record
breaker. In the quarter ended December 81 earn
ngs showed increase i'll net of s423G0. and even
larger increases are looked for that the entire
system Is III operation LN tiettfICltN. II II SS'i
mated that for the year ending September 80 sur
plls earnings will be equal not less than per
cent on $4S 100000 stock compared with SO per
cent for the fiscal year ended September 30 1902
This estimate is given conservative and officials
would not be surprised to surplus equal per
cent on the present capitalization of $55.200000-
These results are being obtained. notwithstan ndng
that for the of the time since the close of the
last fiscal year. the system has been operated only
in part by electricity.
BUCKET HOUSE DECISION.-Judge Adams in
the United States District Court in st. Louis. has
dismissed a petition filed by the National Securities
Company asking that it be declared bankrupt.
Judge Adams held that the National Securities Com
pany as admitted By the plaintiffs, conducted
bucket shop" and consequently the United States
bankruptcy laws would not furnish the desired
relief. The petition denied on the ground that
IA bucket shop is neither a mercantile trad
ing pursuit as those occupations are defined by the
federal laws.
SECURITIES IISTED.-Thc following securities
have been added 10 the Stock Exchange list: Five
million nine hundred thousand dollars first mort
gage > per cent fifty-year coupon bonds of 1877 of
toe Buffalo Gas COMPANY and S2S. 600 first gen
craI mortgage per cent bonds of 1884 of the United
Railways Company OF St. Louis
ROCK ISIAND-LEHIGH VALLEY-A rumor
that Rock Island had secured control Of the Lehtgh
Valley was not treated seriously. Rock Island was
. strong feature. and it reported that the
company had increased its interest in Mexican
JERSEY cENTRAi's GAIN-The Central Rail-
road of New-Jersey earned in March i'm gross
81 5s6. 10l increase of $i27 i31 March 1907
ard in net $5S201S. an increase of $296.iS9. The
company has made mp the heavy loss suffered by
last years coal strike. far gross earnings
are concerned. showing from July l a gain Of
S154 761. hut net earnings for that period show
decrease of $575.6l5.
NATIONAL CITY BANK--Thc National City
Bank has declared a dividend for the half year of
per cent. as compared with the semi-annuaI dfvf-
iend of ? per cent last November. The dividend is
payable May l.