New-York tribune., 1903-03-11
WALL STREET AND EXCHANGES.

FOREIGN TRADINCI.-Foreign houses dealt IN
1ooon shares In the local market. evenly divided
In London consols at 80 1915. showed decline OF
- ner cent and were at the lowest price touched
since 1870. Money I'm the open discount markets
showed advancing tendency in both London anu
Berlin and Paris exchange on London was easier
In symUathy with the weakness In demand sterling
here Consols closed at 911s. In Iuly. 1901. price
of 81 was recorded and last years low and high
prices S2s and 971s. respectively In 1887 they
sold at 1875. the highest price on record In the
Barring panic in 1880 the lowest price was S3's On
April the rate consols will he lowered 70 pig
per cent by the terms Of the conversion act % 1885
They pay pa.
STOCK LOAN QUOTATIONs.-Loan quotations
were: Amalgamated Copper Anaconda, American
Ice Atchison common and preferred Brooklyn
Rapid Transit. Baltimore and Ohio. Canadian Pa
cific Colorado Fuel. Delaware and Hudson. Erie
common first and second preferred Louisville and
Nashville. Manhattan. Missouri Pacific New-1 ork
Central Metropolitan Street Railway. Norfolk and
Western Peoples Gas. Reading first preferred,
Republic Steel common and preferred, 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 pre-
ferrcd. Wabash preferred and Western Union. Sl7a
per cent.
MARKET GOSSIP.-Rallies in yesterdays mar
ket brought ont long stock and further hquidatlon
Of pool holdings was noted. 1t Is understood that
not much of the ssouthern Pacific pool stock is
roareIned below So but the resources of the pool
are large enough to care for the stock below fhaf
figure. Conservative interests consider opposition
to the Hartman interests extremely dangerous
Advice was given in certain quarters to buy MIS-
souri, Pacific at par, some one evidently beheVhg
that the decline will continue. The Street is bear
ish on the Wabash stocks. owing to the strike out
look Traders however. are bearish all stocks
The selling of Wabash preferred and common
looked like straight liquidation, and the most
notcea hle feature was that the Gould brokers
made no attempt to protect the stock Ihey
seemed TO be fully occupied in looking fter Mis-
souri, Pacific. The weakness In St. Louis and San
Francisco and in A lesser degree in Rock Island
nas traceahle to the delay in the announcement
of the terms of the arrangement between the two
roads The best information Is that the new nnan-
cirs in this connection is likely to be an
nounced until MAY. The American Ice issues sold
off sharply on a disappointing showing in the an
and was bought for lower Wall Street. Brokers
usually acting for Mr.. keene attacked the market
In the second hour especially Union Pacific and
other Hartman shares. A weak bull account III
Neu-York Central was easily dislodged. Metro
politan sold off under renewal OF the old attack.
which developed some three weeks ago. Senti-
ment bearish at the close.
HEAVY GAIN IN EXPORTs.-EXports Of mer-
cbar6ise from Nev-York for the week ended yes
+erdav amounted in value $14 S25.s 800 increase
of 3 S75.593 over the same week a year ago.
WESTERN UNION.-The executive comnlttee OF
the Western Union telegraph COMPANY mas RECON- tr
dividend of 1T per cent
OTIS ELEVATOR DIVIDEND. - Otis elevator
dir naSe stoek The have also declared the
regular quarterly dividend of IL per cent on the
preferred stock
snexar 8 Co starts to-day for JekyI Island. and
later on will spend few days at Palm Beach.