New-York tribune., 1903-01-22
WALL STREET AND EXCHANGES.

5000 shares in the local market. mostly purchases
The London market was featureless and consois
were fairly firm. Money in the open discount mar
ket in London was noticeabiy easier. Exchange
rates were unchanged in Paris and Berlin. Inc
Paris rate is still high enough to preclude gold eN-
ports without a marked advance in demand sterling
here II was not considered likely that the Bank
of England would reduce its rate until nearer the
time of the issue of the Transvaal loan.
sToCK. LOAN oUOTATIoNs.-Loan quotations
were: AmaIgamated Copper, Anaconda. American
Ice Atchison common. AtchisOn preferred, Brook
lyn Rapid Transit, Baltimore and Ohio common,
Chicago Terminal. Colorado Fuel Delaware ana
Hudson Erie common. Erie first preferred
Erie second preferred. Louisville and Nashville
Manhattan Missouri Pacific. New-Tork Central,
Northwestern Northern Pacific preferred. Peoples
Gas Reading first preferred Republic steer COM
mon Republic Steel preferred Rock Island 81
Paul Southern Railway preferred Southern racine
Sugar Tennessee Coal and Iron. Union Pacific COM
,nor Irnited States Steel common, United States
Steel preferred United States Leather preferred
Wabash preferred and Western Union per cent
Union Pacific preferred per cent.
PHILADELPHIA EXCHANGE RULES, -
meeting of the Philadelphia Stock Exchange will
he held on February to vote on the question OF
abo1isbnp the rule which provides for the division
of commission with of town brokers: also on
resolution providing for minimum commission to
the "one dollar floor broker amounting TO u per
100 shares of stock selling SO over per share
under so share. As it is now, some floor brokers
receive no commission. but receive salaries from
the houses they represent.
TRUST COMPANY MEETINGS.-At the annual
meeting of stockholders OF the Guardian Trust
Company the following directors were elected:
Lewis Nixon F. W. Woolworth, James II. Parker.
H A. Metz W. H. Barnard Thomas NJ Mury
and Bernhard Mayer. Among the directors retiring
are c W Morse, H. II. Swasey and s. r. Ashley.
At the annual meeting of the stockholders of the
Morton Trust Company the retiring directors were
reelected but the vacancy caused by the death of
A 5. Hewitt not filed. At the annual meet
ing of the stockholders of the Mutual Alliance
Trust Company the old directors were reelected.
except that Gordon Macdonald. of the firm of
Speyer & Co. elected i'll place of Martin Erd-
mann resigned. AZ the annual meeting of the
stockholders of the Trust Company of America
the retiring directors were reelected. At the
special meeting of the stockholders of the Met
ropOIitan Trust Company the plan of merger
with the Atlantic Trust Company ratified ny
three-fourths majority the merger into effect
on February .. At the annual meeting of the
stockholders of the City Trust Company the retir-
ing directors reelected. and Charles +, Bar
nev was elected additional director. AT the
nuaI meeting Of the Eastern Trust Company the
stockholders elected the following directors to
for three years: F. H. Allen. A l.. Brown, New
man Erb Charles NJ. JesuP Thomas a Nevin
Samuel r. Shipley and Henry A Ware.
At the annual meeting of the Trust Company of
win Perry Belmont. Thomas Crimmns. Daniel lie
Roy Dresser, Thomas T.. Goodrich, X. Waverly
Smith. Elbridge q. Snow and John Laughlin. were
una nmousIy reelected. At the annual meeting of
the Empire State Trust Company the directors
whose terms had expired reelected and
George l.. Nichols elected to the board to fill
the vacancy caused by the death of Richard NJ
Parmely The outgoing trustees of the Continental
and Real Estate Trust companies. respectively
were reelected. the retiring hoard of di-
of the Colonial Trust Company.
BOOK ON IRON MAKING.-An interesting book
let entitled Concerning Iron Making has just
been written by Elisha Walker and published by
Fisk 6, Robinson. Of New-York and Boston. As 1t
is intended for the layman and not the engineer
the writer has refrained from using technical Ian
guage. He has produced book which contains
particular interest TO the investing public. who
desire to know something of the inner workings
Of the iron and steel industry. Interesting details
of the business of the Buffalo and Susduehanna
Iron Company given.
AMALGAMATED COPPER--It is asserted in
Amalgamated sources that of the subsidiary
companies of the Amagamated Copper Company
earned sufficient net money in 1902 TO pay for the
2la per cent declared by the Anna lgamated Com
pany In dividends in 1852 leaving the earnings
Of ell the other companies which are owned out
right and the dividends paid by the companies in