New-York tribune., 1903-04-16
WALL STREET AND EXCHANGES.


n O0A shares in the local market. evenly divided
In London consos were dull and rather heaVy' out
the copper stocks were strong and there was SoNi0
Improvement in the mining department There was
no feature in money in any of the european cen
tres hut the tendency of Paris exchange was
lower and It was not expected that the Bank OF
England would vet be able to reduce its rate.
STOCK LOAN QUOTATTONs-Loan quotations
were: An1algamated Copper. Anaconda American
Tee Atchison common and preferred. Brooklyn
Rapfd Transit Baltimore and Ohio common. Colo
RADIO Fuel Delaware and Hudson, brle common
first and second preferred. Louisville ana NASH
Vile Manhattan. Missouri Pacific. New-fork cen
trail Metropolitan Street Railway. Norfolk and
Western Peoples Gas. Reading first preferred Re-
public Steel preferred. Rock Island 81. Faul'
Southern Railway preferred. Southern Pacihc'
Sugar. Tennessee Coal and Iron. Union Paclhc COM
mon and preferred. United States Steel common
and preferred. United States Leather preferred,
Wabash preferred ard Western Union Az per cent
Canadian Pacific and Pennsylvania per cent
SUGAR CONDITIONS IMPRONED.-The general
advance made ny all sugar rehners within the last
few davs and more particularly the advance Of 10
pontS made by Arbuckle Brothers on Tuesday and
yesterday. and Of points by the American sugar
Refining Company and the National Sugar COM
panv Yesterday morning. is construed in the trade
10 reflect improved conditions in all departments
Not only is the improvement noted in the local
market but higher prices have been made through
out the country generally. Arbuckle Brothers also
advanced their rates for Ohio and West Virginia
amount was also made at New-Oreans. and prices
at Missouri River points well were accordingly
raised by the American company
MISSOURI PACIFIC.-Missouri Pacific has gained
i'm the first two months of the calendar year (Which
is also its fiscal YEAR, practically S1,000.000 i'm
net which is equivalent TO over IA per cent its
capital stock. The month of March showed a gross
gain Of 100000 of which probably $3oaon will
he net The indications with present crop con
dtiors that the net for the calendar year 1908 will
- 1nOOOq j., of that and m
even larger Missouri Pacific is probably earning
Is to Il per cent on its stock this year
TENNESSEE COAL AND IRON-The quarterly
statement Of Tennessee Coal and Iron shows in
crease of SIS per cent in net earnings. If the
ings in the rest of the current equal
" large scale they will show for the year some
thing like II ner cent the common stock. The
surplus for the first quarter Of the year, amounting
to S634 429 was equivalent to % per cent tho
common stock. a large proportion OF the surplus
earnings in the current year will he appropriated
for improvements. was done last year. and
dividends the common stock will probably
Ceive no considera tion whatever for a good while
to come. The large earnings for the first quarter
the year partly the result of higher prices
for iron. and from present indications the average
price for pig iron in the South during the of
the year will be materially above that of 1902.
UNITED STATES DEPOsITs.-Washington
The decrease in government deposits in New-York
banks is now clear. The Riggs Bank here. which
is practically branch of the National City Bank
of New York shows an increase in government
deposits Of 100000 Secretary Shaw has not
increased government deposits during the week
past in any bank. it is apparent its face
that the National City Bank of New-York has
transferred $3G3aC0) of its government money from
New-York to its Washington branch. the Riggs
National Bank This accounts for the decrease in
government money in New-York banks, and its
increase in Washington banks, while government
money in all national banks remains practically
stationary.
GULF AND SHIP ISLAND.-The directors Of
the Calf md Shr- Island Railroad have declared a
dividend per cent on the capital stock. payable
April Il from the surplus earnings of the quarter
ended March 81. 1903
CHARLES G. GATES BUYS sEAT.-Charles G.
Gates Of Harris Gates & Co bought seat on the
New York Cotton Exchange yesterday This gives
the firm two memberships that Exchange as
John Z Harris is already member.
G H NORTH EXPECTED TO MAKE GOOD"
c. H North who has beer a member of the
Consolidated Exchange since 1887. was sold out
Yesterday under the rule Of the Exchange for
failure to settle his balances in the Exchange clear
ing house one hundred and fifty shares of Mis-
souri, Pacific ST Paul and Reading stock were sold.
It is proba BILE that Mr.. North will make good his
balances within the twenty-four hours that he has
under the rules.
SUCCEEDS GENERAL THOMAS.-Frederick r.
Schenck president of the Mercantile National
Bank was yesterday elected director of the Bowl
ing Green Trust Company, fill the vacancy
caused by the death of General Samuel Thomas
To DECIDE TO-DAY.-There will be special
meeting to-day of the board of governors Of the
Consolidated Exchange to determine whether or
not that institution will close it's doors Wednes-
dav April % in honor Of the dedication of the
New-York Stock Exchange The meeting grows
out of a formal invitation extended to the presi-
dent and vice-presdent of the Consolidated Ex-
change bv the Stock Exchange to attend the dedi-'
catorv exercises of the latter The invitation has
been favoraby received and commented on because
this is the first that the older body has Off
cfaliy recognized the existence of the smaller
change as a Wall Street institution. OF course. If
the Consolidated remains open il viii be take ad-