New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-05-09
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses dealt IN
10 shares in the local market selling signty on
balance. London dispatches said that Lonooi'
operators were bearish the theory that the pup
lie would not buy, except at lower ieVei' ine
public however seldom buys when STOCKS are
cheap. Although the Transvaal loan mas peen an
unqualified success. the London market WAS uA
settled on the rather disturbing pohucai outiooh
in the East Consos were per cent lower at
921k and the general market was heavy. Inc coy
per stocks were firm. There was an easier tendency
in Paris exchange on London, and no feature VI
interest in the quotations for money IN the 'alio'
European centres.
STOCK LOAN QUOTATIONS.-Loan quotations
were. Amalgamated Copper, Anaconda, American
Ice Atchison common and preferred broohiS
RAND Transit Baltimore and Ohio common Col
orado Fuel, Delaware and Hudson, Erie corninoi'
first and second preferred LouisVlle anu Naon
VILE Manhattan Missouri Pacific, New-York Cen
trail Norfolk and Western, Metropolitan street
Railway Peoples Cas- Reading hrst preIerfeu'
Rock Island ST. Paul, Southern Railway preIeIie0'
Southern Pacific, Sugar, Tennessee CoaI anu II On
Union Pacific common ard preferred United states
Steel common and preferred, United states Ledth-
or nreferred Wabash preferred and western Union
21b per cent: Canadian Pacific, per cent rehn
sylvania IL per cent.
CURRENCY MOVEMENT.-The principal move
ments of currency this week, as compiled oy ne
Wall Street Journal" indicate that the oailAs
gained thereby s3OS1, 200 They received from tne
interior s. 200 and sent to the interior S-fO
Receipts of new gold were S,O226T Exports y.
gold were $500 OO0-$5O0O00 to Argentina anu SfVV0'
to Canada The ordinary Sub Treasury disburse-
rents were S19 4464 400 Payments to the Sub-Treas-
ury for customs, internal revenue. per cent re-
demption fund, etc, were S1972,OoO Inc loss Oh
Sub-Treasury operations proper was s213'5Vo Inc
total gain from the interior and new gold was
81 254 500 deducting the loss of 1173.6OO by god
exports and Sub-Treasury operations, the net gain
was 50 0S1 200 Currency received from all parts
of the country but chiefly from the West and
South. Shipments were mainly to Boston and
Philadelphia. Customs collections for the week.
So, .372; pension payments. $4,000.
DENVER AND SOUTHW ESTERN.-Denver and
Southwestern preferred sold yesterday afternoon at
10. The last preceding recorded sale was at 61 so
that the present sale represents a break OF oil
points We understand that the stock has been
selling in odd lots at prices between these two
While there is nothing in the situation to
justify the extreme weakness Of the stock. we are
informed that earnings compare very badly with
the earnings during the same period in other years,
largely owing to the competition that the road
is meeting in the Colorado Springs territory.
NICKEL STEEL RAILS ON THE BALTIMORE
AND OHIO.-The Baltimore and Ohio Railroad
Company has laid thousand tons of nickel steel
rail. eightyfve pounds to the yard. this spring
curves where traffic is heavy. This rail- when ex-
periments were being made, gave splendid results,
the wear being very much less than with the
ordinary Bessemer steel. 1t is considerably hard
er, and, although quite expensive, has demon
strated that 1t is economical in the end. In
test nickel steel laid in 1897 and Bessemer
steel in 1885, In 1902 the latter had to be renewed
while the nickel steel appeared good for several
years Of service.
NORTHERN PACIFIC CROP REPORT.-The
Northern Pacific has issued the first of its series
of spring crop reports bulletins from all sections
of the system indicating that while the season is
backward in many places. conditions are generally
favorable for large yield of grain this summer
The Red River Valley. in particular. gives prom
Use of enormous yield of wheat, conditions be-
ing reported the best in years almost along the
entire length of the valley Other Minnesota points
report the ground well soaked, with seeding well
in progress. About the amount Of grain will
be put in this year last. from present indica-
tons.
BUMPER WHEAT CROP FOR KANSAS.-Ine
State of Kansas is calling for thirty thousand extra
laborers help harvest the coming great winter
wheat crop. In the last three days an inch of rain
has fallen over The entire wheat belt. with great
benefit to the crop. Reports from farmers and gem
eral grain men are that this years crop is likely to
reach 9000OO00 bushels This is double the yield of
1902 and is almost without record in the States
history. Harvesting will start in Southern Kansas
in about four weeks.
REFINED SUGAR LOWER.-AH refiners have
reduced the price of sugar points. Reiners say
that the demand for refined sugar is and has been
very light and that this fact together with With, the
about the decline of points by the AmerlEan p ana
Arbuckle Brothers and 10 points by How ell raw ~
raw sugar at &c under the quoted price of l1-1oc
for sc test centrifugal But nothing has been offered
on that basis.
GRAIN Notwithstanding reports the
exports of wheat for the week 8 POI. $50 bushels;
against 341S 2S9 bushels last week. and 3,302240
bushels last year Since July l, 19l 5oS l63 bushels
against 219 728 bushels last year. Corn for the
Week 1881 7O9 bushels against 2,21O155 bushels last
week and 1926 1855 bushels last year. Since July l,
oil $50 bushels against 2565525 bushels last year
AMERICAN LOCOMOTIVE.-The Erie has re-
served space for large number of locomotives
with the American Locomotive and the BALDWIN
Locomotive works, and the Colorado and Utah
Construction Company has ordered two locomo-
tiyes from the American company.
AMERICAN CAR AND FOUNDRY.-The Arneri-
can Car ard Foundry Company has received an
order for $50 freight from the Chicago Great
Western.