New-York tribune., 1901-12-17
WALL STREET md EXCHANGES.

FOR ETCN TRADING-Foreign houses dealt In
600 shares the greater part being purchases
Arbitrage houses reported poor demand 'rddlhs
generally being for traders who had contracts u
even .
UNITED STATES STEEL EARNINGS.-lt is
authoritat lively stated that the earnings ior Dt
cember of the United States Steel Corporation VIII
he Of record character and that for January ana
Eebr,.srv they will be even larger. The closing ol
navigation of the lakes has relieved the car shoi
age at Pittsburg in a material way Inc
heavy rains in the Pittshurg district nave P'drVu
,be coke situation good shape. 1t will be inter
esting to know that the total shipments Oh ore
oyar the lakes this wear amounted TO 0,7fSVo tons
which is considerably in excess or the llo'eiie
for any previous year. AS the price OF ore hda
been fixed at the same figure as ruled last year.
there will be falling off in consumption oecauSe
of prices that product
ST JOSEPH AND GRAND ISLAND-As the
voting trust under which the Central trust Ooi.
pany of New York has issued certncates OF aeposi
on behalf of voting trustees fer hrst ana Secon
preferred and common stock of the St Joseph ana
Grand Island Railway Company terminates on jan
nary / after that date. surrender of certlhcates
of denost indorsed in blank regular certificates OF
stock of the st. Joseph and Grand Island Falrodu
Company will be issued therefor.
CAPITAL, STOCK REDUCED.-New-4ork Trans
or+a+io,, directors recommend a decrease in the
capitaI stock to $5,OnOcp0. This decrease wou'o
make the stock full paid, as two assessments ..
so each have been paid in on the capitalization oi
Henry SanGerSOn, pfeSlhtht u 'il0 N''
panv says that the great bulk Of the money Paid
m -, the second assessment IS still untouched, ana
with the funds in hand ard to be coHecteu 'iie
company has abundant means to carry out "S
various projects. He says that the venice puSi
ness Is showing gratifying net returns. and that
,bo business of The NetropoIitan Express Company
&c making great strides and promises to become the
chief branch of the company's various lines or
business.
ATCHTsoN MERCHANDISE MOVEMENT,-An
arHS
v,av Company Is quoted saying that earnings for
this year will fully good as those Of last year
The live stock movement. which has oeen SO gen
erally credited the bulk Of the Offset for snort
corn crop has been overestimated. The company s
receipts from cattle traffic up to November were
onlv $40 600 over receipts for the period last
year This shows that it is general betterment OF
business that IS making better earnings to offset
the corn crop losses.
can SHORTAGE UNREILEVED.-Repo from
Chicago saw that a shortage in Is checking
the incoming and going out Of grain at nearly all
commercial centres. Large additions to rolling
stock by the trunk lines appear to fall under the
requirements OF the legitimate trade The effect OF
The closing of the water route IS shown in the
pring up OF grain IN the West Duluth gained
2OOo go bushels in grain stocks last week and Min
neapolis 25oco0 bushels
REFINED PETROLEUM REDUCED.-Refned
natroleu1n was reduced yesterday 10 points TO 72o
cents gallon In barrels and 465 cents in bulk at
New-Tork Philadelphia prices being on the basis
OF points lower.
AN EXTRA COTTON EXCHANGE HOLIDAY.
BY a vote of So to % the members OF the Cotton
Exchange decided TO close the exchange December
26 A proposition close also on January was
voted down
RESIGNS AS A DIRECTOR-B- F. Yoakum
president Of the ST. Louis and San Francisco Rail-
road Company, who became temporary director
OF the Mexican Central Railway Company some
time ago at the request OF II. Clay Pierce. has re
signed from the board because Of the pressure OF
other business. Mr.. Yoakum's successor will soon
be named
CORN EXCHANGE BANK INCREASE OF
NEUTRALITY-SUSPICIOUS. OF the Corn Exchange
Bank have ratified the proposal Of the directors
that the banks capital be increased from $4,000
To s. Go 900 tie additional stock be sold from
time to time as occasion may demand The book
value OF the stock is S231 share but the last pub
lie sale was at 1923 The stock pays u per cent an
nual dividends 1t is understood that one or the
principal objects Of the increase Of the banks
capital is the acquisition of additional branches.