New-York tribune., 1903-05-14
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt In
Is 900 shares in the local market all purchase In
London consols showed strength at 921a for money.
a further advance Of Is per cent. The mining
market was irregular and copper stocks were some
what inclined to sell off Money was uif1e
hrrer in London. 1t was doubted If the allotment
Of the TransvaaI loan would be mailed in time to
Justify reduction in the Bank Of England rate
on Thursday. Paris exchange on London was
steady, about the point where gold exports could
be made at small profit
STOCK LOAN 0UOTATIONs.-Loa quotations
ere: Amalgamated Copper, Anaconda, American
Ice Atchison common and preferred, Brooklyn
Rapid Transit Baltimore and Ohio common. Colo
RADIO Fuel Delaware and Hudson. Erie common
first and second preferred. Louisville and Nash
Vile Manhattan. Missouri Pacific. New-York Cen
trail Norfolk and Western, Metropolitan Street
Railway Peoples Gas. Reading first preferred. Re
public Steel preferred, Rock Island. st. Paul
southern Railway preferred, Southern Pacific.
Sugar Tennessee Coal and Iron. Union Pacific
common and preferred. United States Steel com
mon and preferred United States Leather pre-
ferred Wabash preferred, Western Union. Cana
dian Pacific and Pennsylvania. 2d21a per cent.
THE BILLET SITUATTON.-'The Iron Age
will take tha view that too much has been made Of
reported in the prices Of steel bets for while
n few small sales may have been made AT cnnces-
sfons these do not represent the market This
authority ircnes the belief that the billet mar
ket is relatively strong. indicated by the fact
that the Steel Corporation Notwithstanding the
well known activity N steel rails recently took
one Of its largest mills off rails and put it on bill
lets It has come to the knowledge Of THE Iron
Age that foreign billets have recently been sold
in Nev-York at SIS so a ton. which is 80 cents below
prices ruling two months ago. and there has been
resale al S2s of an order placed some months ago
at higher figure. but this Is the product OF
mill not yet running.
NO CUT IN BILLETS.-Foowing the dispatch
from Pittsburg on Tuesday announcing cut in
the. price OF billets by the Jones Laughlin Com
pany. Dow Jones & Co. directed their Pittsburg
correspondent to ascertain the facts and wire the
exact situation. This is the reply received: mo
cut in price OF biIlets. and the demand was never
better
HARDENING SUGAR MARKET.-Wfth the ra-
fined sugar market turning toward better prices
with increased activity. the entire market shows
firm undertone. Sellers of raw sugar are firm on
the basis of 2 cents cost and freight, &c degree
test. with some Cuban holders not sellers at that
price Duty paid centrifugal Sc test, is quoted at
3 fi-1sc The MEETINGS this week will be about
Sc 900 tons Refners slightly oversold on a few
grades
MEXICAN BONDS TAKEN.-It is understood
that considerably more than half the Mexican
government notes recently taken by Speyer & Co
have been sold and that IL will be necessary to
close the list shortly. A large block has been
taken by Europe
COLORADO FUEL & IRON.-rhe speculation
in Colorado Fuel and Iron appeared to be largely
manipulative although the Gould brokers were
employed. presumably 10 give consequence to the
rurnors of additional Rockefeller and Gould In
terest In the property There is no reason to be-