New-York tribune., 1903-05-28
wAIr, STREET AND EXCHANGES.

FOREIGN TRADTNG.-Foreign houses dealt IN
40 600 shares in the local market ouylHs I'V''
shares on balance. In London the genera ma
ket was inactive, but Consols showed d lo'iiei
Armer tone Paris exchange on London was
trife irmer. but at % francs Is cennnes had no nJs
advanced beyond a point where gold exports "ouIo
be possible here. in view of the strength IN ue
,,ond sterling There was light demand for
money in all the European centres. bar silver
continued weak. and at 243sd showed a 1urther ue-
cline of 9-16d from Tuesdays quotation
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamated Copper. Anaconda american
Ice Atchison common and preferred, BrooAiyh
Rapid Transit Baltimore and Ohio common CoI2-
RADIO Fuel Delaware and Hudson Erie common
first and second preferred, Louisville and Nash
Vile Manhattan, Missouri Pacific. New-fork CEN
trail Norfolk and Western. Metropolitan street
Railway Pennsylvania, Peoples Gas. Reading nrst
rreferred Rock Island. ST Paul, Southern Railway
preferred Southern Pacific, Sugar. Tennessee Coal
and Iron Union Pacific common and preferred,
United States Steel common and preferred. United
States Leather preferred wabash preferred. and
Western Union 214 per cent and Canadian Paclhc'
l per cent.
INTERNATIONAL PAPER CODIPANY.-There
have been many reports circulated throughout the
paper trade within the last two weeks Of the great
clIrtament Of production by the International
Paper Company and by many independent mills,
due to the great drouth, which has lessened the
water power at many manufa cturing plants The
drouth has been greatest in the northern part OF
New-York State. and for this reason 1t was thought
that the production of the International for May
would be greatly decreased. Upon investigation 1t
has been found however. that the cUrtailment of
production at the Internationars plant at Fort Ed
ward and other New-Yorl State mills has been
small as not to cut any figure in the production
reports The reason for this is the foresight OF the
company In storing away pulp last winter, to be
used in case of drouth. There is enough of this
pulp on hand to last the company for a con-
siderable time in case the drouth continues.
MAY ISSUE NEW STOCK.-It IS reported that
the directors of the American Telephone and Tele-
graph Company will. at their June meeting, an
rounce an issue of stock which Will amount to
about s21. 100000.
PACIFIC NAIL DIRECTORS.-At the annual
meeting Of the Pacific Mail Company directors
were reelected with the exception of Charles H.
Tweed who was succeeded by Paul NJ. Warburg. of
stands as follows: George ]. Gould Edwin Haw-
ley Ogden Mills, R. P. schwerin, Paul NJ. War
burg e H Hartman. George H. Macy. Russell
Sage and James Speyer-
UNITED STATES LEATHER.-The liquidation
in Leather common represented the Streets ad-
verse comment the proposed financing 1t
was argued that whatever arrangement made
would be at the expense of the common stock
holders and a special bond issue to refund the
back dividends on the preferred would only
phasize the hopeless position of the common stock
az regards any possible future distribution
MISSOURI, KANSAS AND TEXAS.-Applicatio
has been made to the Stock Exchange to list Mis-
souri, Kansas and Texas Railway Company $685.
first mortgage 4 per cent bonds Of 1880.