New-York tribune., 1903-03-12
WALL STREET AND EXCHANGES.

so 900 shares in the local market. mostly purchases
In London the general market was steady. and
consols were a shade flrmer at 91k. Money rates
were firm In all European centres.
STOCK LOAN QJOTATIONS.-Loan quotations
were: Amalga ma ed Copper, Anaconda, American
Ice Atchison common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common, Cana
dian Pacific Colorado Fuel Delaware and Hudson.
Erie common, first and second preferred. Louisville
and Nashville, Manhattan. Missouri Pacific New
York Central. Metropolitan Street Railway Norfolk
and Western, Peoples Gas, Reading first preferred.
Rock Island, ST. Paul. Southern Railway preferred.
Southern Pacific Sugar. Tennessee Coal and lron'
Union Pacific common, Union Pacific preferred
United States Steel common and preferred. United
States Leather preferred Wabash preferred and
Western Union. Sly and per cent.
MARKET GOsSIP.-London buying In the local
market was followed by reports of better senti-
ment abroad. but purchases were wholly without
Investment significance. The visit of Secretary
Shaw to the Sub-Treasury was taken as an In
dcat ton of monetary relief from Washington nut
no developments Of this character attended the
Secretarys presence in the city. Western shorts
covered in ST. Paul. Butler Brothers were active
buyers Of Manhattan. Traders were inclined to
operate for a rally on the theory that tn" market
had been oversold but sentiment remained heariSh
Official 5enials of stories al ont Metropolitan had
good effect. Southern Pacific pool members sup
ported the stock but bearish on the rest of
the list. Chicago bought Rock Island Anal
gamatcd Copper was ell bought, and good ah-
thorities predicted higher prices. based on the
companv's increased earnings from the advance
in the price nf the metal. ST. Paul rallied easily
and there was no trace of Tuesdays liquidation
TIL rurnors of extensive calling Of loans found
their real basis in fact that s2Oo00a of Stand
ard oil dividend will he paid on Monday This
will materially influence the hank statement "t
the following week. and will probably necessitate
the calling of some loans I-ansbufg was a buyer
of something like ten thousand shares of Anal
gamated Copper. This is credited to the LeWisohn
interest London was a good buyer Of Northern
Securities tho curb In the early part of the
day Harris Gates u Co. credited with the
attempt to stimulate some bull activity in Erie.
MONETARY SITUATIOE.-"The Wall Street
Journal quotes leading New-Iork fnancier, a
recognized authority throughout the country. as
follows:
do no regard the money situation with any
Treasury descriptions are not coInteroaia1nced 1 ny
cton Of loans ds ,o drs shifting OF % credit der bHT
fe"T m the 70 3eS3p Gexf bank Statement But what OF
that deficit is not sign oT 6sr 6anse Is
n" no 5" cro1d borrowers nor is there any
viii right themselves by April / without serious
consequences in the mean time
AMAIGAMATEp COFPER.-The advance in
the price of copper 148. makes difference
Of oyer S4o0on year in profits to the Anal
eamated Copper Company. and it is thought that
the company will he able to secure this profit, as
trade conditions warrant the benef fhdl
present If not higher prices for tn" metal VIII
rul. for some time.
BONpHoLDERs' PROTECTIVE COMMITTEE
majority of the holders Of the Detroit. Mackinsc
and Marquette land grant bonds have appointed a
protective committee. of which jefferson NJ. Levy
is chairman. take charge of their interests and
to ccvisn a plan to their equity in the land
which secures the bonds. Tho plan of the commit
tee is to purchase outright the lands upon which
the bonds have lien.
SECURITIES LISTED.-'The following securities
hay been added the Stock Exchange list: Five
hundred and eighty-four thousand dollars addi
tionaI preferred stock Of the General Chemical
Gomr7ny. SN7 COO additional first mortgage per
cent COUPON Of 1914 s5G7 GoO additional
nnd mortgage per cent coupon bonds of 1909 of the
International and Great Northern Railroad Com
many 81 nNNhA consolidated mortgage guaranteed
II. per coupon bonds of 1913 OF the Belvdere
Delaware Railroad Company. $l1.6s300o Louisville
and aShve-Southern Monon collateral. 4 per
cent joint Of 1882 $50 600 On per cent sinking
frnd coupon honds of 1927 of the United Railroads
cf San Francisco. s2OCoOp1 first mortgage : per
cent ffty coupon bonds of 1851. 81 CO per
cent non-cumulativc preferred stock and S30cOODO
common stock Of the Syracuse Lighting Company
sos 260 OCA first consolidated mortgage fifty year
bonds Of 1852 and $S5 $50 600 common stock of the
Atlantic Coast Line Railroad Company and IS 1885,
COO per cent cumulative preferred stock and
SIS AL 500 common stock Of the National FuamelIinH
and Stamping Company.
AMERICAN TOBACCO COMPANY-The stock
holders of the American Tobacco Company at their
annual meeting yesterday reelected the outgoing
directors. with the exception of Thomas F. Jereys
who resigned. Charles n Strotz being elected his
successor. The retiring directors Of the ConsolI-
dated and Continental Tobacco companies were re-
elected.
a n