New-York tribune., 1903-04-17
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
10 600 shares in the local market mostly sales
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalganated Copper. Anaconda, American
Ice, Atchison common and preferred. Brooklyn
Rapjd Transit. Baltimore and Ohio common, Colo
rado Fuel. Delaware and Hudson, Erie common,
first and second preferred, Louisville and Nashville
Manhattan. Missouri Pacific, New-York Central.
Netropolitan Street Railway. Norfolk and Western.
Peoples Gas. Reading first preferred. Republic
Steel preferred Rock Island, St. Paul. Southern
Railway preferred. Southern Pacific, Sugar, Ten
nessee Coal and Iron. Union Pacific common and
preferred United States Steel common and pre-
ferred. United States Leather preferred. Wabash
preferred, Western Union, AZ per cent; Canadian
Pacific. per cent; Pennsylvania. 312 per cent
RAPID VEHICLE RIGHTS Rapid Vehicle
rights appeared yesterday for the first time in
actions the curb. These rights are virtually
tfcates of purchase for the preferred stock of the
Rapid Vehicle Company "a new automobile
pany). enabling the buyer TO acquire that stock
upon conditions stated the face of the certif-
Gates. These certificates bear the certifcation of
the Knickerbocker Trust Company that the first
payment, 81 share has been deposited with that
company. Sales of these rights are being made at
81 % 9; share. which to a premium of c5
cents above the cash deposit. As far as Wall
Street is concerned, this corporation is almost the
first appearance of "the automobile in finance"
BALTIMORE AND OHIO-Some of the best
buying OF the day was in Baltimore and Ohio, and
was for people in touch with the operation Of the
cent on the stock, and the knowledge of this fact
has been the basis of influential purchases on the
recent break An important Western short interest
was closed in the course of the day.
NEW DIRECTORS FOR UNITED STATES
SHTPBUUDING COMPANY.-CharIes W Boxer
and Marshall R. Ward have been elected directors
Of the United States Shpbuilding Company. to fill
existing vacancies There three other ancles
in the board which, ii is said. will probably be filed
in future
CHICAGO GREAT WESTERN Earnings of the
Chicago Great Western viii be largely increased
when the company's line to Omaha is completed
and officers of the road confident that results
from now on will run FAR ahead of last years
good showing. The idea of some of the large
Western companies securing the Great Western
control through stock ownership has doubtless
been abandoned for the present factor which
ought to add value the company's securities
Chicago Great Western is not dependent the
favors or influence of other roads for its traffic
1t occupies independent position and strategic
position in the Western railroad world. and the
mere fact that other roads have for years been
la wing plans to secure this line ought to place the
company IN a favorable light with investors. The
common stock will be valuable some day
COPPER DIVIDENDS.-The directors of the
Amalgamated Copper Company have declared the
regular quarterly dividend of one-half of per cent
Anaconda directors have declared the semi-annual
dividend of so cents a share
SUCCESSFUL LACKAWANNA STEEL UNDER
WRTTING-Speyer & Co and Kean. Van Cort-
Iandt x Co. the syndicate which underwrote the
$l5 OOO00 per cent first mortgage bond issue OF
the Lackawanna Steel Company, made net profit
Of about ga, per cent the deal. This is par
ticuIarIv gratifying showing, in view of the
what disappointing results of recent underwriting
as a rule The balance of the Lackawanna Steel
Company's bonds not taken by the stockholders
was very largely oversubscrlbed despite the large
number of issues at present In an undlgested con-
dition.
j d. cARBERRY ELECTED-At meeting of