New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-29
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt m
4Oo0 shares IN the local market, all purchases In
London the Kaffir circus furnished the barometer
Of the markets. Il was buoyant under influential
buying in large blocks. There special d.
rnand for Rands, East Rands. Chartered and Cold
fields The Continental boursss were heavy.
STOCK LOAN OUOTATIONS.-Loan quotations
were: Aualgamated Copper. Anaconda American
Ice Brooklyn Rapid Transit. Erie common. Louis
VILE and Nashville Manhattan. Missouri Pacific.
Norfolk and Western. Metropolitan Street Railway.
Peoples Cas- Reading first preferred. Rock Island.
Southern Railway preferred. Southern Pacific.
Sugar Tennessee CCaI and Iron, United States
Steel common. United States Leather preferred.
Wabash preferred Shelters common. Republic
Steel common. u per cent: Atchlson common and
preferred. Baltimore and Ohio common Canadian
Pacific. Consolidated Gas. Delaware and Hudson.
Erie frst and second preferred. St Paul Union
Pacific common and preferred. per cent; Penn
syIvania 1slI1 per cent: Neyv-York Central, y Per
cent and fat: United States Steel preferred n per
cent; Western Union, Shelters preferred Republic
Steel preferred. American Locomotive preferred.
fat: Pressed Car common and preferred. LIS par
cent
NORFOLK AND WESTERN BOND ISSUE
The Norfolk and Western Railway management
will ask authority from the stockholders Greats
an issue Of S5 OOOO0O fortyyear bonds. not exceed
ing per cent interest. 10 be first len extern
sions and branches not under the first consolidated
mortgage and on any extensions and branches %
be acquired out OF the prOceeCS OF me new JULIUS
There are 80 miles OF road already acquired. not
under the consolidated mortgage \ special meet
ing OF the stockholders viii be held at Roanoke on
June II TO act on the issue. Il IS not the intention
Of the company TO make a sale Of the proposed
new bonds the present cash resources from the
sale OF consolidated bonds and equipment trust
certificates being ample for all current needs
SUMNER GRAIN RATES ANNOUNCED-Not
only have the eastbound roads now concluded 70
make the usual summer reduction. but they have
made rates lower than last seasons On Nay : ths
rate on domestic grain and grain products VII %
reduced from 20 cents on1OO pounds Chicago 90 New
York TO T713 cents On export grain and gram
products the viii be reduced from l65 cents 20
15 cents on 100 pounds. Last summer the rats on
domestic grain from Chicago 20 New-Tork was -
cents and on export grain 1914 cents. The raii
and lake rates VIII be cents on mO pounos 0"S4
than the all rail rates
NEW POSITION ON NETWORK CENTRAL
AT 4 recent meeting OF the board OF directors OF
the New-York Central Railroad Company D"isA'
w Pardee was elected assistant secretary 70 ths
executive committee Mr.. Pardee for some uns
has been acting IN that capacity. but he now TO
ceives a formal appointment Mr. Pardee - as
sistant treasurer OF the Lake Shore and Aicnlsan
Southern Railway Company and secretary OF tns
Dunkirk. Allegheny Valley and Pittsou-s Hai[oa1
Company and holds positions IN other minor cor
poratons
METROPOLITAN SELLS BOSDS.-Ruhn. Loeb
& Co have purchased about S2.ooO0OO Metroponean
Street Railway per cent bonds. which wsre lssuoa
for refundins purposes. and about GVO0o00 1hliU
Avenue Railroad per cent bonds. which were y
sued for general improvement purposes believed !"
be for the Union Railway Company
BANK OF COAINIERCE.-A number OF shares OF
the National Bank OF COmmerce stock sold On tl'
Exchange at from 20 10 els. the latter being ths
closing price.
COTTON MARGIN INTEREST REDUCTION
In the Cotton Exchange yesterday was posted :
notice that the following banks and trust COM
pany would on May reduce the rate o. mteres'
on margin deposits to per cent: Produce E1-
change, Corn Exchange and SeabOard NauOha4
banks and the Farmers Loan and Trust Company
TO ABANDON ERIE PLAN-It IS believed in
well Informed financial circles that the prOposiuOh
to extend the Erie voting trust after May VIII %
abandoned
ELECTED TO STOCK EXCHANGE.-Enpns47
Mott Potter. of Spencer Trask s. Co. was yesterday
elected a member OF the New-YOrk Stock E1-
oh