New-York tribune., 1903-05-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
10000 shares in the local market buying 10000
shares balance. In London consols were IA ther
heavy and the copper stocks were inclined to sell
off The mining stocks steady and feature
less Money was rather harder in Berlin. but
change in Paris inclined to ease of. Bar
silver weaker.
STOCK LOAN QUOTATIONS.-Loan quotations
Amalgamated Copper, Anaconda, American
Ice. Atchison common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common. Col
orado Fuel Delaware and Hudson Erie common
first second preferred Louisville and Nashville
Manhattan. Missouri Pacific New-York Central
Norfolk and Western Metropolitan Street Railway
Pennsylvania, Peoples Gas. Reading first pre-
ferred 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. 21a per cent; Canadian Pacific,
per cent.
UNITED STATES STEEL BUYS PIG IRON.-It
is officially announced. according to a Pittsburg
dispatch. that the United States Steel Corporation
has closed a deal IN Pittsburg for 10000 of
pig iron for the third quarter of this year. The
price paid a ton was SIS so furnace sl9 So Pitts
burg The sale Of the 10000 tons practically cleans
up all the available supply IN the market and there
is very little TO be had for July August Septem-
Der The iron was bought from the Valley Besse
mer Association. and the deal engineered by
". P Snyder. president of the Clarion Steel Com
pany. The reduction in price ts explained TO mean
no slackening in the steel trade It stated
that for some time the price of pig metal had been
too high in view of the selling price of steel and
the manufacturers were anticipating the slight
duction in the price of pig It is understood that
the steel corporation has agreed to take any more
metal at these quotations that can be obtained.
DETROIT SOUTHERN-The increase in the cap
ita stock of Detroit Southern from s17.O00000 to
$26 10000 is stated official circular be
he of he
pany and largely TO increase the same by con-
structing several extensions to coal mines and
other lines 70 obtain share Of the lake coal and
ore trade OF the new stock only a small amount
will be issued for these purposes It is considered
desirable to place the company in a position to
strengthen its treasury and take advantage Of op-
portunites as they present themselves
MARKET GOSSIP--It reported about the
Street that sor1e ST Paul certificates in the name
of 7. J Hill had been delivered. There is some
reason TO think that the Could interest is rather
more bullish the Wabash issues. and has taken
position the long side especially in the pre-
ferred. Rock Island was curiously heavy through
out the day. and at time showed any consfd-
cradle raIlying power. There Is quite a large sec
ton of operators who think that the combined pre-
ferred and common stocks and the bonds are sell
ing at a high price relatively to st. Paul and
Northwest, and not afraid Of taking the short
side
POWERFUL INTERESTS BUYING STOCKS
The large fall in the prices Of stocks saws The
Wall Street Journal" is now attracting the at
tention of many important interests in the Street
Cables have been sent to the who are most
influential now in Europe. Mr.. Morgan and Mr.
Vanderbilt particularly have been heard from
John D Rockefeller has also been communicated
with. 10 some features of the situation which
demand his attention, while other influential
men. including Gould. Hartman. Rogers and
others, are beginning TO do business
PRESSED STEEL CAR-The business of the
Pressed Steel Car Company so far this current
fiscal year shows an increase in gross receipts OF
There has, Of course been an increase in expenses
the result of higher prices for materials and
labor but the financial results attained since Jan
uary 1. when the company's fiscal year began are
regarded by the management as highly salts
factory.
GOLD FOR EUROPE.-The Kaiser Wilhelm II
sailing Yesterday afternoon. carried SsO6O00 gold
consigned to Paris by Goldman. Sachs & Co and
s3l5 600 gold destined Berlin and shipped by A
Won Hoffman & Co. total of 81 12110 600
INTERNATIONAL PAPER-The finance com
rnittee Of the International Paper Company has
recommended the declaration of the regular quar-.
terIy dividend III per the preferred stock
at the meeting the board Of directors scheduled
for to-day.
ATCHISONS GAIN-Gross earnings OF the
Atchison Topeka end Santa Fe for April showed
an increase Of S5S5. 81 and gain in OF ss 25l