New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-10-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London prices were low
err and foreign houses were moderate sellers IN
the local market.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamated Copper. Anaconda. Atchlson
preferred Erie common, Erie first preferred, Erie
second preferred. Louisville and Nashville. Man
haitian, Missouri Pacific, New-York Central, Peo-
pies Gas. Reading first preferred. Rock Island, ot
Paul. Southern Railway preferred. Southern Pa
ciiic, Sugar. Tennessee Coal and Iron Union IA
cific common and preferred United States Steel
common and preferred. United States Leather pre-
ferred, Wabash preferred Western Union. Brook
Ign Rapid Transit S1244 per cent; Atchlson COM
mon Baltimore and Ohio common. S12; Chicago
Terminal, 2; Republic steel common anu pio
ferred, 8.
INTERNATIONAL POWER.-The sharp decline
in International Power was thought to nave peen
caused in great part by the liquidation OF sih''
line upon which stop orders were PLACED at 80
and partly in sympathy with the decline in other
industrials. Supporting orders in this stock, so IL
is stated. have been withdrawn for some tiiue
officers of the company state that there is no
change in the companys affairs, and add that II Is
doing business up the full capacity of It's plants
Salts POSITION-It is understood that the
public to some extent gained the idea from the
prospectus of the International Salt Company, as
issued recently, that all of the balance OF the
bonds not issued would go the underwriting syn
dictate 1t may said authoritatively in this con-
nection that it is the purpose of the company to
issue at present only S1s600000 stock and S15oOCOO
bonds Out of that issue of stock only a small
amount will go to the syndicate for advancing
81 coo 900 cash for working capital and otherwise ar
ranging the iotation of the company. 1t is also
understood that various inquiries have been made
with respect the earning capacity of the new
company It is said that the original estimates of
the earnings of the two amalgamated companies
were from 10 to Is per cent the common stock
1t is now estimated that under the consolidation
not less than 10 per cent will be shown for the
common stock.
ATCHIsON, TOPEKA AND SANTA FE.-Vice-
President Paul Morton OF Atchison says he be-
lieves that Atchison's earnings In the present
year will equal the results OF the year ended
June 30 1901 The loss in tonnage should be
balanced by Increases In other classes OF traffic.
There is truth in the reports that earnings from
the transportation of California fruit are not up
to expectations. Rates fairly well maintained.
CANADIAN PACIF'IC.-At the annual meeting OF
Canadian Pacific 1t was decided to make
bond issue of f41e coo. 1t also decided TO pur
chase the Pacific Navigation Company. TO build
three new steamers-one for the upper lakes.
for coast traffic and one the Empress Line-and
establish pension fund of $4,000 for employees.
ROCK ISIAND.-Earnings of the Rock Island
system in August showed gain In gross OF siooIlS
and I'm gain OF sl93274. After charges the
surplus for the month was s1O1i.7i9 gain of $751;,
273 over August. 1900 For the five months of the
company's fiscal year net earnings have increased
SOC. 3lS.
BURLINGTON'S EARNINGS.-The Chicago. Bur-
lIngton and Quincy reports for August gain In
gross earnings OF si3S,a54. and u gain in net of
S259.202 From July l the surplus after charges
amounts to 1920, 773. an increase of s655.32l
RUBBER SHARES.-The break in the price of
United States Rubber shares apparently due
selling induced by reports of bad rubber trade
look 1t was said that the company carrying
a large load of unstable stock.
SUGAR REFINlNG'S CUT.-The further reduc-
ton in the price of sugar to Missouri River points
is regarded as move against the beet sugar peo-
pie
GLUCOSE.-The unfavorable annual report of
the Glucose Sugar Refining Company response
bic for sharp decline in the price OF the stock
In yesterdays market The reduction in the price
of sugar also affected the shares.