New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-21
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-Foreig houses dealt IN
$1,000 shares IN the local market mostly sales. In
the London market consols were unchanged on the
day, and there was no movement OF Importance in
Russian and japanese bonds. Money was easy
enough IN the various European centres. especially
as 1t 81 probable TINT the European banks are
overprepared for the event OF war. Reports from
the Far East stin unsettled
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamated Copper. Anaconda American
Ice. Atchison common. Brooklyn Rapid Transit
Baltimore and Ohio common. Canadian Pacific
Colorado Fuel and Iron. Delaware and Hudson
Erie common. first and second preferred Louis
Vile and Nashville. Manhattan. Missouri Pacific
Norfolk and Western. Metropolitan Street Railway
Peoples Gas. Reading first preferred Rock Island
St Paul Southern Railway preferred. Southern
Pacific. Sugar. Tennessee Coal and Iron Union
Pacific common and preferred. United States Steel
common. United States Leather preferred. Wabash
preferred. SHELTERS common and Republic Steel
common ? per cent New-YOrk Central PennsyI-
vania and United States Steel preferred IL per
cent; Atchlson preferred and Western Union ! per
cent; Shelters preferred Republic Steel preferred
and American Locomotive preferred. fat
NOT LOOKING FOR 4 BULL MARIETTA
prominent New-York hnancier. who has been lden-
tiled with tho steel business. is quoted by THE
Wall Street Journal as saying: II have been in
the steel business for fourteen wears. and have
never known a period Of depression 10 be overcome
in less than two years. and 7 foresee nothing
TO bring about change within ten months You
cannot sell steel rails at SOS ton with pig iron
at s. 50 a ton, and | think this Will he proved.
There is no money in the export business although
the volume OF orders may be large"
MANHATTAN.-The advance in Manhattan was
due 20 buying based the company's big earn
ings and bright prospects. The rise in INTERIOR
ough largely due to the fact that earnings OF
the elevated lines sufficiently large not
only q provide for the dividends on Manhattan
stock. but to take Of the interest on the
s35OOoOoO Of city bonds applied to the building OF
the subway lines. This indicates a large margin OF
safety for the guaranteed dividends on Manhattan
stock and that the extra l per cent which
the lease provides shall be paid tho end OF the
year "if earned" will he forthcoming for 1903
CORN PRODUCTS.-The Corn Products Company
will close its fiscal year February 2S and as tho
end Of the fiscal year approach es there is a grow
ing belief among those who ara in a position 10 be
well informed that the earnings for the year will
be sufficiently large justify continuing dividends
on the common stock at last years rate of 4 per
cent.
CUBAN BONDS.-A sale OF $4,000 Of Cuban gov
ernment per cent bonds made at 100 on the
curb
PHILIPPINE BONDs,-The bankers who took
the entire issue of Philippine bonds have sold more
than hve-eishths of the total.
DIVIDEND DECLARED,-The directors OF tho
Pacific Bank have declared quarterly dividend Of
2 per cent. payable on and after February l
TRUST COMPANY OF AMERICA.-The annual
stockholders meeting Of the Trust Company Of
America was held yesterday. and the following
were elected directors. to serve three years. ending
the third Wednesday in January. 1907: Edward c.
Schaefer Samuel \. Maxwell. Frank Jay Gould
Philip Lehman c. I. Hudson. William \. Clark
John w. Grsgs and William H. Leupp.