New-York tribune., 1902-05-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt In
5000 shares. fairly we'll divided. The volume Of
trading In American stocks in London not
large enough to be of much Importance, but most
of the active issues showed hardening tendency
after rather weak opening. The feature OF the
London market the further advance of u
per cent of consols to 9STs heavy Continental
buying The Kafir stocks continued firm Bar
silver was noticeaby weak. Money fairly
easy in all the European centres and the strength
in exchange in Paris and Berlin indicated no
probable early demand for American gold
STOCK LOAN QUOTATIONS.-Quota were:
Amalgamated Copper, Anaconda. American Ice.
Atchison common and preferred. Brooklyn Rapid
Transit Baltimore and Ohio common Chicago
Terminal. Colorado and Southern Delaware and
Hudson. Erie common. first and second preferred.
Louisville and Nashville Manhattan Missouri Pa
cifc. New-York Central. Northwestern, Northern
Pacific preferred. Peoples Gas. Reading first pre-
ferred. Republic Steel common and preferred Rock
Island ST. Paul Southern Railway preferred.
Southern Pacific, Sugar Refining. Tennessee Coal
and Iron. Union Pacific common and preferred.
United States Steel common and preferred. United
States Leather preferred Wabash preferred and
Western Union. 3a3la per cent.
ATCHIsON.-An officer OF the Atchison. Topeka
and Santa Fe Railroad is quoted saying: THE
acreage devoted to corn in the section which We
cover is greater than ever before. The latest ad
vices which we have received indicate tre-
mendous crop. unless something unforeseen hap
pens. I consider that II would be a conservative
estimate to say the crop of corn this year would
be from y to 30 per cent greater than what is
considered a good average crop. In addition, the
movements OF freight from East to West remain
heavy. The manufactured articles which the West
is buying will be devoted to enterprises which
will make II probable that will have an in
creased amount OF those commodities in finished
form handle later. All the traffic is being
handled at full rates. and this means a good re-
turn for the business which we do"
~ riiDot
railroad official The Importance of a big
alfalfa crop. very often overlooked. never meant
more TO a railroad than II does this year Our
farmers, chiefly in Nebraska, depend almost sole
ly upon II TO feed and abundant crop is nee
essary. The first crop is enormous. and the acre
age has been largely increased. which reflects its
Importance. Horses work well on alfalfa feed and
require little grain Cattle thrive and fatten quick
ly and only have 10 be finished with grain before
shipped to market The most important feature
Of alfalfa lies in the fact that IL has made hay
eating animal of the hog Nebraska raises two
crops on unirrigated land and many as four
crops on irrigated soil. The former contains about
25 per cent more nutritlve qualities however, and
is the most grown
CANADIAN PACTFIC-"The New-York News
Bureau says that while the conspicuously large
earnings of the Canadian Pacific Railway would
account for important appreciation in the price
of the stock they would not. in the opinion OF
many shrewd bankers. account for the extent OF
the rise within snort time ana tne unpIeCeueut-
ed dealings In the stock. There is evidently some
other force at work II IL held. and any denial as
TO buying for control Will be regarded as largely
technical
UNITED STATES LEATHER DIVIDEND-The
United States Leather Company has declared
dividend Of III per cent the preferred stock. At
the directors meeting action was taken regard
ing the payment of back dividends the pre-
ferred AS is generally known. the preferred stock
is an per cent cumulative issue. and the full
payments at that rate are now about IS per cent
overdue.
DENVER AND RIO GRANDE OFFICES IN
NEW-YORK.-E. IT. Jefrery, president OF the Den
yer and Rio Grande Railroad. which is now part
Of the Gould system. has removed his headquar-
ters from Denver 10 the Western Union Building
this city. All the Denver and Rio Grande
agencies and traffic offices at points of juncture
with the Missouri Pacific system will be merged
into the last named system June l.
HEAVY RAILROAD EARNINGS.-Earnings of
the Atchson, Topeka and Santa ,Fe In April in
creased In gross SS.493 and In net 1852. From
July l gross earnings have increased 81 1853 505 and
earnings $3.2S3. .S39 The road is earning at the
rate OF 10 per cent on the common stock.