New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-05-20
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
10000 shares in the local market all purchases
In London consols were heavy and dechneo =
per ce1l. to 91%. the continued tightness OF
-,on.v II should be remembered that the install
n1ent on allotment for the new Transvaal loan OF
nearly 81 900 900 is due Friday. The bank PROB
ably retained this with the subscriptions but IT, OF
course leaves action in the matter of its discount
rat in some doubt. The copper stocks were rather
weak and the mining issues were inclined to sell
off Paris exchange on London was higher FUR
chases for foreign account in this market IN th7
last week aggregate 10000 shares
STOCK LOAN QUOTATIONS-TLoan quotations
were: AmaIgamated Copper. Anaconda, American
Ice Atchson common and preferred. Brooklyn
Rand Transit Baltimore and Ohio common, Colo
RADIO Fuel Delaware and Hudson. Erie common
first and second preferred. Louisville and Nash-
Vile Manhattan Missouri Pacific, New-York Cen
trail Norfolk and Western, Metropolitan Street
Railway Peoples Gas, Reading first preferred, ne
nubc Steel preferred, Rock Island ST Faui
Southern Railway preferred, southern Fac me
Sugar Tennessee Coal and IrOn Union Paclhc
common and preferred. United States Steel COM
mon and preferred. United States Leather pre-
ferred Wabash preferred, Western Union anu
Pennsylvania, 21zQ2&4 per cent Canadiah aoi11
fiat. e,.+.a
UNITED STATES STEEIA-The United States
Steel CORPORATION will buy, it is reported In the
near future pig iron to the extent OF from IVoVVV
tons to 100000 tons Part of this II VIII heeu III
June while the majority is for use in the thlro
reduced from the quoted market price-which is ad-
mittedly the price only for comparatively Small
1ots-and that there will come marked activity on
the mart of buyers who have been holding on CLOS
ing contracts for the last half Of the year waiting
for more favorable quotations. Iron ana steer
men saw that when the buying begins 1t VIII
be an active stimulus to the market. ana that pig
irc1 will not lose by MAKING, d
rate below the quotations of the last rev IhoIitS
which have been higher than the nsuIe5 a. ll.OH
Contracts for the first half of the year were nade
Keene was not at his Wall-st- office yesterday He
&c not likely to visit it in the immediate future
There is nothing to take him there. Il was said
and he Is not expected. 1t Is uKely thal ne WI
sail for Europe when he is sufficiently recoVsFeu
from his illness TO permit OF his moving ABOUT
without discomfort
PENNsYLvANIA--It is reported that Pennsyl-
vania will probably show 100000 net gain on the
operation of it's Eastern lines for the month OF
ApriI The company has now its operating eN-
penses well under control and considerable net IN
creases will be the order of the day henceIOTth
The renorts of renewed freight congestion at Puts
burg are incorrect Inc me IL 4Iee anu "'i'43
well.
INTERNATIONAL PAPER.-Ohcers OF the IN
ternatonaI Paper Company say that thus far they
have not lost much by reason OF the forest fires
which are prevailing throughout the country. The
greatest loss far is in the Adirondack regions,
where the company owns 3ooOtO acres Even mere
only small prOpOrtlOn OF piOP0AIS mas NO0-A
injured as yet
AMERICAN STEEL FOUNDRIES' DIVIDEND
The directors of the American Steel Foundries
Company have declared the regular quarterly dtvf-
dend of az per the preferred stock; Charles
NJ Schwab and f. H. Gary have been elected d.
rectors Of the American Steel Foundrles Company.
filling vacancies caused by the resignation or b. h
Wood and K. K. McLaren.