New-York tribune., 1903-02-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses dealt In
10000 shares in the local market. selling balance
In London New-York interests were the principal
buyers of Americans. but there very fair
local interest besides and the prevailing sentiment
was more confident. Other markets were feature
less The Bank Of England did not reduce it's rate,
as some people had expected but made fairly
good return and continued TO gain gold Money
was III demand in London Foreign quota
tions for exchange were rather hrmer
STOCK LOAN QUOTATIONS.-Iloan quotations
were; Amalgamated Copper, Anaconda American
Ice Atchson common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common, Chi
cago Terminal, Colorado Fuel. Delaware and Hud-
son. Erie common, first preferred and second pre-
ferred, Louisville and Nashville, Manhattan, Mis-
souri, Pacific, New-York Central Northwestern
Norfolk and Western. Peoples Gas Reading first
preferred. Rock Island ST, Paul, Southern Railway
preferred, Southern Pacific Sugar. Tennessee Coal
and Iron, Union Pacific common and preferred
United States Steel com and preferred, United
States Leather preferred, Wabash preferred and
Western Union, 254@3 per cent.
BOND MARKET CONDTTIONS.-Fisl & Robin
say: The railroad bond market throughout
has been steady. and at times firm. rejecting
better investment demand. Should the current
easy condition of the money market continue, We
believe that prices should advance The govern
ment bond market during the month of January
has been without feature. The demand for bonds
and the supply have been about even and at no
time have transactions assumed important proper
tions"
UNITED STATES STEEL.-Jacob Field was the
heaviest buyer OF United States Steel common I'm
portant market interests took the stock in large
share lots and higher prices predicted It
reported that the s50000O0O of bonds authorized
in addition to the $500 GOO for preferred stock
conversion purposes would not be put out. as the
company's earnings are so enormous. The extra
bonds were to be used for improvements, etc. The
last weekly report of the constituent companies
of the United States Steel Corporate shows an
aggregate of orders of 5509000 tons the largest In
the history of the organization The bookings in
structural materials. plates rails and wire are
very heavy, while the movement in tin plate too
has been heavy in January
READINGS COAL OUTPUT-It is estimated
that the Reading Company will mine and ship 6OOo-
00O tons of coal in the remaining months of the
fiscal year. increase of 100000 tons over the
same time in 1902 The higher price for coal name
ly, the 30 cent advance at the mines, would repre-
sent an increase of 100000 in earnings on the
basis of 100000 tons for the half year
A1ANHATTAN'S QUARTER-Earnings of the
Manhattan Railway for the quarter ended Decen-
Der 81 increased in gross 224 and in net
Surplus after dividends and all charges was s453-
go. against S4OO330 in 1901. The showing is espc
cialy good. in view Of the increased cost of fuel
There We're 64,SS2675 passengers carried in the
quarter, increase of 7,596S25 the same time
in the preceding year.
DIAMOND MATCH REPORT.-The annual re-
port of the Diamond Match Company. shows a
balance after dividends OF S4bI6H, a decrease of
SS0,6l1 from 1901 Total book surplus now stands
at $2,194593. The usual quarterly dividend of o.
per cent was declared al meeting of the direc-
tors held yesterday.
READING Observation-Disclosures directors will
meet to-day 10 take action the semi-aunua dvi-
dend on the preferred stock. Buying of the first
preferred stock yesterday helped by the re-
port that the rate would be restored to the 4 per
cent basis
ILLINOIS CENTRAL.-Earnngs for the Illinois
Central in December showed increase in gross
of $3739l6 and gain in net of Sli9,6OA From July
gross earnings have increased $L421 95J and net
earnings have decreased $170153.
AMALGAA1Ar TED COPPER.-rhere was some
good selling of Amalgamated Copper in the day.
There is good reason to believe that important
trade interests rather disappointed at the abb
Of public interest In the stock after the
vance in the metal.
NEW STOCK EXCHANGE MEMBER.
Sterling, of the late Joseph r. Sterling, of
Groesbeck & Sterling, yesterday elected to
membership in the Stock Exchange.
ASSISTANT SECRETARY.-The board of direct
of the Equitable Life Assurance Society have
elected Henry Rogers Winthrop as assistant sec
retary of the society.