New-York tribune., 1901-09-22
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign operations in the
local market light, generally on the selling
side.
STOCK LOAN QUOTATIONS.-Prevailin loan
quotations are: Amagamated Copper, Anaconda,
Atchison preferred. Brooklyn Rapid Transit Della
ware and Hudson. Erie common, first and second
preferred, Louisville and Nashville, Manhattan,
Missouri Pacific NewYork Central Northwestern.
Northern Pacific preferred Peoples Gas Reading
first preferred. ST. Paul Southern Railway pre-
ferred Southern Pacific, Sugar. Tennessee Coal and
Iron, Union Pacific common and preferred. United
States Steel common and preferred, United States
Leather preferred, Wabash preferred and Western
Union per cent; Atchison common, Baltimore ana
Ohio common and Rock Island, 315a4 per cent.
AMERICAN SUGAR.-The committee on securi-
ties rules that all transactions on September %
and thereafter in the common and preferred stocks
of the American Sugar Refining Company VIII oe
ex-rights Sales of rights made on and after Sep
tember %, except for cash, must be settled on Oc-
tober /, on which day all due bills must be re-
deemed. Transactions in rights made on and after
October l must be for cash or regular way except
on the last day. October Z, when they must be for
| cash only The right to subscribe expires OCTOBER
at p. m.
RAILROAD NET EARNINGS FOR JULY.-"The
Financial Chronicle" reports the gross earnings OF
i13 roads July sO5112272 increase s2ol9S3 or
81 per cent while the net earnings reach s35s62
increase 81 022, 800 per cent The improve
ment reaches proportions that can be considered
| nothing less than marvellous, seeing how decided
and continuous the previous Improvement mas peeh
From January / to July 81 ninety-nine roads re-
ported gross earnings of s596,7s 3l, increase $751;
$50 321 net earnings 1872 .S3 increase S6242lS
PEOPLES GAS NEW STOCK.-The Secretary
OF State of Illinois has authorized the People s
Gas Light and Coke Company to Increase Its capt.
tai stock from 900 10 SIS 100000 The increase,
| declares one of the attorneys for the company,
will be made for the purpose Of meeting the eX-
penses of new mains and other Improvements In
contemplation Only S2s 66s 500 of the 100000 capt
tai previously authorized has been Issued. the re-
| mainder being in the treasury. Under the ne"
authorization Is per cent Increase on the amount
| of stock now out will be made. which amounts to
$500 500 or a total capitalization OF sS2'ses1D the
| increase has nothing whatever to do with the
! Ogden Gas properties.
THE TRACTION SHARES. - Activity and
strength were marked In the local traction group.
| Metropolitan Street Railway advanced over
| points Manhattan Railway about and Brooklyn
i Rapd Transit over . per cent. The movement
was credited pool operations. based upon re-
ports OF increasing earnings and, in the case Of
Manhattan Railway. OF renewed discussion Of the
benefits 10 be derived from the electrical equip
ment of the system.
| MARKET OPINION-It is thought In some
quarters OF the Street that failure of the St.
| Paul directors 10 advance the dividend and the
action OF Amalgamated Copper directors In not de-
claring an dividend reflects willingness In
! Standard OF circles 10 lower range OF values
! II is wise to bear IN mind. however that sound
| business reasons warranted the actions or the
| directors OF the two companies.
APPLICATION TO LIST.-Applcation has been
made 10 the Stock Exchange to list SIS 900 900 first
/ refunding mortgage Az fifty year gold coupon
! bonds OF 1851 OF the Connecticut Railroad and
/ Lighting Company.
BANK CLEARINGS Total bank clearings in
the week according to THE Financial Chronicle -
have been sisSs i23 e5l against So9ol4le5s in the
preceding week and 81, 1854 year ago