New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-09-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Iondon houses were SELL
ers on balance of about five thousand shares. the
total arbitrage transactions footing up 10000 shares
In London American stocks were weak with the
general list. which suffered account Of the ad-
vance in the Bank OF England discount rate from
? 20 per cent Consos made new low record
for their present basis. declining L per cent to
Ss4 The copper stocks were weaker and the
mining shares sold off. The market was affected
by fear of further increase in the foreign demand
for gold
STOCK LOAN QUOTATIONS.-Ioa quotations
were: malgamated Copper. Anaconda, American
Ice. Atchison common and preferred. Brooklyn
Rapid Transit. Baltimore and Ohio common. Col
orado Fuel. Delaware and Hudson. Erie common,
first and second preferred. Louisville and Nashville
Manhattan. Missouri Pacific. Norfolk and Western.
Metropolitan Street Railway. Pennsylvania Peo-
pies Gas. BEADING first preferred. Rock Island. St
Paul. Southern Railway preferred, Southern Pacific
Sugar. Tennessee Coal and Iron. Union Pacific com
mon and preferred. United States Steel common
and preferred United States Leather preferred.
Wabash preferred. liz per cent; Western Union.
fat. Canadian Pacific and New-York Central. y
per cent.
ST PAI-I,s LARGE SURPLUS FOR THE
YEAR-It is understood that at the meeting Of
the directors of the Chicago. Milwaukee and st.
Paul Railway yesterday the report for the fiscal
year ending June 30 considered and approved
It will probably be found that final surplus for
the year will he equivalent to practically 10 per
cent on both classes Of stock. II the company
had not charged of a liberal amount to the i'm
provemeut account the surplus would have shown
p per cent on both classes Of stock.
MEXICAN CENTRAIA-The plan 10 refund Mex
lean Central first and second incomes By means of
short term debentures is progressing very we'll
The income bonds are coming in satisfactorily. and
the bankers in charge Of the exchange anticipate
a fairly successful outcome Of the plan
PIG IRON PRICES Besscner pig iron IS selling
at 81 o = ton Pittsburr compared with 81 -
On on :.
81 u a ton on September ,. 1902 The price OF Bes
eenner IS expected to touch 81 q ton. at which
price the United States Steel Corporation is eX-
pe-ted take At least 10000 tons for the last quar-
ter.
AUGUST PRICE OF COPPER.-The American
brass manufacturers will each month settle upcu
an average price for copper to he used as a basis
for settlement between manufacturers and their
customers Fer the month Of August the average
cash price for lake nsot copper was 1855 cents.
The average price in carload lots. T. o h. New-Yor
was - 5l4 cents.
DIVIDENDS DECLARED.-The Commercial ca
BILE Company has declared the regular quarterly
dividend of per cent. payable October I. The
Chicago Telephone Company has declared the reg
ular quarterly dividend of &2 per cent. payable
September 81 TIE Chicago. Milwaukee and ST
Paul has declared the regular semi-annual divi-
bends OF 81 per cent on the common and 3i2 per
cent on the preferred stock. The St Joseph. South
BEND and Southern Railroad Company has de-
its preferred stock and ger cent on its common
stock payable September y. Swift & co. have
decs red the regular quarterly dividend of - per
cent payable October s.
ILLINOIS SOUTHERN'S FINANCIAL PLANS.
The proposed issue Of 100000 per cent fifty
wear bonds by the Illinois Southern Railway Com
pany is not be used. has been reported. en-
tirely for paying for the railroad and property of
the Southern Missouri Railway Company. recently
acquired. The proceeds of the issue are TO be ap-
piled also to the funding of the ccmpany's out
standing Indebtedness and to pay for construct
inG completing. eQuipping and maintaining its
lines Of railroad" according TO the official notice
to the stockholders. The stockholders have beer
called to meet TO act on this proposed bond issue
in Chicago on October Is next. They will also be
asked to approve an increase in the company's
initial stock to $5G0000. of which Increase 81 OC0.
coo is to preferred in the payment of per cent
semi-annual cumulative dividends. The regular
annual meeting OF the company has been called
for September % next
ADDITIONAL STOCK ISSUE LLSTED.-The
committee on stock list has added n the list &65,
900 additional asserting stock Of the Westinghouse
Electric and Manufacturing Company