New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-02-03
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Fcreign houses dealt in
I5oJ0 shares in the local market. buying locp
shares on balarce. In London the general market
vas not particularly strong. and. indeed. business
was almost at standstill waiting for the result
OF the expected Russian reply to- Japan Consols
wero unchanged and quotations for foreign bonds
were pretty near those OF Monday Money was
easier In tho open discount market IN London. Bar
silver continued TO show very fair strength The
later reports on the Far Eastern question from
Paris and St Petersburg rather discouTaginS.
STOCK LOAN QUOTATTONS.-Losn quotations
were: Amalgamated Copper. Anaconda American
Zee Atchison common. Brooklyn Rapid Transit
Delaware and Hudson. Erie common and Erie
second preferred Louisville and Nashville. Man
haitian Missouri Pacific Norfolk and Western.
Metropolitan Street Railway. Peoples Gas. Read
ing preferred. Rock Island St Paul. Southern
Railway preferred. Southern Pacific. Sugar. Ten
nexsee Coal and Iron. Union Pacific common and
preferred United States Steel common. United
States Leather preferred. Wabash preferred.
Shelters common and Republic Steel common. IA.
az per cent. United States Steel preferred. 1u1is
per cent: Baltimore and Ohio common. Canadian
Pacific and Colorado Fuel and Iron. - per cent;
Nev-Yorz Central ana Pennsylvania. sIa PEI cent;
Atchison preferred and Erie 1st preferred 1 per
cent: Western Union. SHELTERS preferred. Republic
Steel preferred and American Locomotive pre-
fcrred. fat.
PIG IRON OUTLOOK.-The four principal pig
iron assocIations-Eastern. Western. Bessemer and
Southern-are still curtailing production. and the
output for January is estimated not much greater
than for December. In the Southern field prices
appear somewhat more uncertain because OF the
failure OF members OF the former pool TO the
price agreement broken in 1868 the first sign Of
stress Unless the expected resumption OF building
operations big cities in the spring takes place
broadening the market for steel. and. consequently.
for pig iron. the present low output may be stu
further reduced.
MARKET GOssIP-Anaconda. after opening up
2 points broke Z on the announcement OF the resig
nation OF the president Of the company. although It
could not be ascertainCd that il possessed any
significance. The stock rallied sharply near the
close. The reaction I'm Amalgamated Copper was
due TO the fact that one or two houses best adver
tised Standard oil representatives, bought open
~ while other Standard Oil houses distributed as
many selling orders the market would take. The
weakness in the metal probably had influence.
The tale OF Standard OIL buying OF Atchison for
control limpcd around the speculative offices
for a few brief minutes. but did not survive long.
Eve. II the control could be bought there is
in Wall Street who find possible reason for
that interest buying it. Dealings in United States
Realty preferred were based reports OF pro-
posed financial reconstruction and accompanied by
buying credited to banking insiders.
DELAWARE AND HUDSON.-The Delaware and
Hudson company is. il is said. maturing plan to
retire the New-YorS and Canada bonds due May 1
volve the possible issue of Delaware and Hudson
stock at price which will give TO stockholders I'M
portant rights in the subscription. The price at
which the stock will be offered is said 10 be
about 100. The stock strong on this report in
yesterdays market.
AMERICAN SUGAR REFINING.-It is said that
the American Sugar Refining Company has not
only made large Investments in sugar lands I'm
Cuba secured very large interests in the sugar
fields and divided the American coffee market with
the Arbuckles, but has also made large invest
ments in securities. 1t is understood that In the
depression of last August the company invested
100000 Of its cash reserves in good securities at
cheap prices.
HAVE YOUR MONEY READY.-A dispatch
from Salt Lake City says that A. B. Lewis left
there Saturday evening for New-York to per-
feet arrangements for the formation OF a COM
pany with S3o.Oo0oco capital for the purpose OF
working mines at Phoebe. the Imperial at Beaver
the Last Chance at Bingham and which will in
clude the Majestic smeiter.
NORFOLK AND WESTERN DECEMBER RE-
PORT.-The Norfolk and Western Railroad for
the month Of December reports surplus, after
fixed charges OF sils04 a decrease OF si5 So July
TO December 81. surplus. after fixed charges. Of
8. GA ss7. an increase Of S2Ss. 4S9.
HEAVY EXPORTS OF COTTON.-The exports
of up yesterday amounted to 81. 3s5 bales
including 6sss bales to Great Britain and s57 balss