New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-05
WALL STREET AND EXCHANGES.

8 oo shares in the local market buying on balance
In London the general market was steady out not
active and consos were unchanged Parls eA-
change on London was easier. Money rates con-
inued fairly easy in all the European centres Inc
RanI, of England did not change its rate, and made
a fairly strong return in spite of substahual loss
In bullion on the week.
STOCK LOAN QUOTATTONS.-Loan quotations
were: AmaIgamated Copper, Anaconda, American
Ice Atchfson common and preferred BroohlSI
Rapid Transit Baltimore and Ohio common, Col
orado Fuel, Delaware and Hudson, Erie common
first and second preferred Louisville and Nashville
Manhattan Missouri Pacific. New-fork central
Norfolk and Western. Metropolitan Street Railway
Pennsylvania PEOPLES Gas. Reading first preferred,
Rock Island st. Paul. Southern Railway preferred.
Southern Pacific. Sugar. Tennessee Coal and lron'
Union Pacific common and preferred. United States
Steel common and preferred, United States Leather
preferred, Wabash preferred, western Union "a
ner cent and Canadian Pacific and IA per cent
INTERNATIONAL STEAM PUMP--The d1rec-
tors of the International Steam Pump company
have declared the regular quarterly dividend OF 42
per cent on the preferred stock and DIVIDEND OF
4 per cent payable in quarterly instalments on the
common stock In the Companys year. ended
March 81. earnings were larger than ever before IN
the history OF the concern, showing big surplus
above all dividend requirements The lnterna-
tional Steam Pump Company is a consolidation OF
established steam pump manufacturing concerns
that have paid dividends in good years and IN bad
years and under the combination of interests
expenses have been reduced and net earnings In
creased the securities represent value of I'M
doubted merit. The common stock of the Inter
national Steam Pump Company is not a speculative
football, and efforts have been made to advance
it from its present cheap price, which returns on
the investment 10 per cent. AS the stock has paid
per cent annually for three years. and as the
business of the company IS not an experiment, II
would seem as If both the common and preferred
ought to enjoy marked appreciation whenever the
general market rises. 1t IS well worth noticing
that the good Industrial stocks have made insig-
nicant declines in the downward movement since
last September. These issues held by a good
class of operators. who are confident OF higher
prices.
PENNsYLvANIA.-Enorts have been made to
make It appear that the selling Of Pennsylvania
stock Wednesday afternoon for the account
OF the underwriting syndicate. but it is said
good authority that up to the present time the
syndicate has done nothing in Pennsylvania stock
either side. It has the right to purchase up to
50 600 worth Of Pennsylvania stock but has not
exercised this right. 1t may be stated further that
the syndicate membership includes practically every
large interest In Wall Street. besides great many
powerful interests abroad. There is known to be
considerable short interest in Pennsylvania stock
at the present time To what extent this short in
terest is technical and in connection with the rights
will be disclosed when the period for acceptance of
the rights expires.
AMERICAN STREET RAILWAY INVEST
MENTS.-The tenth annual edition of the Amer
lean Street Railway Investments has just been
published by the McGraw Publishing Company. of
this city This edition contains reports of 361 COM
panies showing in detail the physical and financial
condition of the properties. OF this number nearly
1900 reports of official character the infor-
nation being furnished by the railroad companies
themselves. These figures include both operating
and leased roads, and include data of all new roads
The figures given for all important consolida-
tons in the year. and the reports of companies are
this arranged by States, instead of alpha
beticaIIy by towns as heretofore. The book
tains about twenty-five folding maps. in
colors of the most important street railway svs-
TENS in the United States 1t also contains table
showing by comparisons the gross receipts of all
companies earning $4,000 for the years 1901
and 1902. The report each followed by the
date of the information supplied by the street
railway company making the report. This is an
important feature to any one who desires accurate
information.
ATCHISON.-After the support from London was
removed. Atchison common sold off and seemed to
lack support from quarters where 1t had generally
been forthcoming any real weakness There does
not to be any real reason to believe that the
Berwind interest has changed its position but 1t
is worth remembering that some of the followers
Of the Rock Island interest bought it rather freely
five months ago rumors Of an alliance with that
read a good deal of liquidation has recently
from such
ERIE.-There is a rumor that In July Erie first
preferred will be put on a per cent basis and that
the second may receive distribution of per cent
Earnings would amply warrant payment of the fun
per the first preferred, but a matter
of policy it may be that an Increase viii not he
made at this time since payment of per cent in
one year would terminate the voting trust.
MANHATTAN AND northumberland
earnings for April and May increased 5.OO0 over
an increase of about 100000 last GEAR. BROOKLYN
Rapid Transit earnings for the same two months
Increased about $4,000 large increase for
the months last year
NATIONAL RAILROAD OF MEXICo-Earnings
of the National Railroad of Mexico for the Last