New-York tribune., 1903-05-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
IS COO shares in the local market. mostly purchases
In London the markets were firm and active with
special strength in the copper stocks and further
advance in consols Money was easier in London
and Paris. and Paris exchange on London ad-
vanced
STOCK LOAN QUOTATIONs.-Loan quotations
were: Amagamated Copper. Anaconda, American
Ice Atchsou common and preferred, Brooklyn
Rapid Transit Baltimore and Ohio common. Col
orado Fuel. Delaware and Hudson. Erie common.
first ard second preferred; Louisville and Nash
Vile Manhattan. Missouri Pacific. New-York Cen
traI Norfolk and Western. Metropolitan Street
Railway Peoples Gas. Reading first preferred,
Republic 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 and Western Union. 21s
per cent Canadian Pacific, per cent; Pennsyl-
vania fiat and Il premium.
WABASH.-At a special meeting of the stock
holders and debenture bondholders of the Wa
bash Railroad a resolution was approved au-
tborfzing the company to issue it's coupon bonds
in = sum not exceeding 100000 the principal
of said bonds be payable in gold coin OF the
United States. fifty years after date, and to bear
interest at the rate of per cent year the
interest % he payable semi-annually, when the
board of directors shall designate The bonds are
to be issued from time to time. but only for the
purpose of acquiring additional terminal property
for the use Of the company at st. Louis. Kansas
CITY Mo; Chicago. Quincy, ILL.,; Toledo. Detroit,
and such other places may be decided on. The
bonds shall be secured by first or purchase money
mortgage or deed of trust on all the properties ard
improvements
CANADA SOUTHERN--The Canada Southern
has issued a circular to stockholders calling for
the annual meeting June at St Thomas. Ont
The meeting is called to sanction, if desirable. a
new agreement with the Michigan Central. the
old one will expire on December 81. 1903 and also TO
empower the directors to issue new bonds to retire
existing bonds and to provide for betterments and
additions.
BOND MARKET FEATURES-Fisk & Robinson
say: ''The railroad bond market shows distinctly
better tone there being fewer bonds pressing for
sale and a somewhat improved demand for high
grade issues Not only railroad gross earnings. but
net earnings also. still gaining. and this ten
dency seems TO be clearly defined. Prices are at
tractive the advance from the lowest being slight
in comparison with the decline recorded in the last
few months
ROCK ISLAND.-An officer OF the Rock Island
Railway SAYS that business continues heavy. al
though there has been considerable reduction in the
volume compared with two three weeks ago The
roads cars are pretty thoroughly employed how
ever and it is not expected that there will be any
great number of them idle during the New
business has developed quite rapidly as was
expected since the congestion, but that which Is
coming forward is Of the stable sort, and conditions
generally speaking said to be perfectly salts
factory
METROPOLITAN SECURITIES SUBSCRIP-
TION-The board of directors of the Metropolitan
Securities Company at their meeting yesterday
voted to make a call of 25 per cent subscrip-
tious to the company's stock, payable June 10
1903 thus making the stock 90 per cent paid.
JAMES B. MMAHON.-The board of directors
of the American Cotton oil Company yesterday
elected James B. Mcmahon a director, to fiji va
eancy Mr., Mcmahon is second vice-president Of
the y. X. Fairbank Company.
EDWIN GOULD CHOSEN.-Edwin Gould was
elected a member OF the board Of directors of the
American Writing Paper Company at its annual
meeting held yesterday, In the Office OF the New
Jersey Registration and Trust Company East
Orange The following were also chosen members
OF the board: n. L. Higginson, Boston; A. W.