New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-02-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London was not active In
this market Its purchases about 10000 shares
and its sales about 5000 shares. The business was
spread over the international list.
STOCK LOAN oUOTATIONS.-Loan quotations
Amalgamated Copper. Anaconda, Atchison
common and preferred. Baltimore and Ohio COM
mon. Delaware and Hudson. Erie common first
and second preferred Louisville and Nashville
Missouri Pacific. New-York Central. Peoples Gas.
Reading first preferred, Republic Steel common and
preferred Rock Island st. Paul Southern Rail-
way preferred. Southern Pacific. Sugar. Tennessee
Coal and Iron, Union Pacific common and pre-
ferred. United States Steel common and preferred
United States Leather preferred Wabash preferred
Western Union 2621s per cent Brooklyn Rapid
Transit. 2
CHICAGO INDIANAPOLIS AND LOUISVILLE.
Samuel Spencer, president of the Southern Rail-
way. says that there is truth in the report that
ARRANGEMENTS are In progress by which the South
Railway will absorb the Chicago. indianapolis
and Louisville Railway. An officer of the Chicago
Indianapolis and Louisville states that the COM
pany's attorney finds that there is no ground for
enjoining the preferred dividend about to be de-
clared by the company. it reported at
tempt would be made to do. He also states that it
is proba BILE that dividend will be declared upon
the common stock of the company at the next
meeting.
STEEL RAIL OUTPUT HAMPERED.-Owing to
the continued scarcity Of and locomotives the
production of steel rails is being considerably
tailed. manufacturers can neither obtain ade-
ments of their products Never in the history Of
the steel rail industry have the mills been so
crowded with business. and yet by reason of trans
portation difficulties it is possible that the pro-
duction may fall below that of last year. and that
more business may be carried into 1903 than
was carried from 1901 10 1902
ADVANCE IN WIRE FOR EXPORT.-The
American Steel and Wire Company has made
slight advance in prices of export goods. because
of the recent advance In steel and iron goods in
GERMANY. wi n III cd In
that country. The advance here applies only to
export goods. and not to domestic business
AMERICAN CAR AND FOUNDRY.-The Amer
lean Car and Foundry Company is doing large
business in miscellaneous products, such as bar
iron and steel castings pipes forge iron. etc. II
is stated that about 20 per cent of the company's
earnings derived from this class of business
The repair departments of the company's plants
also kept husily engaged. The company's car
plants are being operated to their full capacity.
orders being received about as fast as the
company fill old ones.
RAILWAY STEEL SPRING COMPANY.-The
permanent organization OF the Railway Steel
Spring Company has been effected by the election
of the following directors: Aaron French Samuel
X. Galloway, Julius E. French Charles H. Hol-
comb, Truman H. Newberry. Charles Scott. Charles
Scott, jr.. Frank S. Laying George B. Sloan, jr.,
Frank r. Smith and s. L. Scoonmaker The ex-
ecutive committee consists of Julius e. French
Truman II. Newberry and Frank B. Smith. The
board of directors organized by eecting these Off
GERS; chairman OF board Aaron French; president,
J. f. French; vice-presdents. Frank S. Laying
Charles Scott, jr. and George B. Sloan, jr: as
sistant treasurer, Frank Carnahan; secretary NJ
B. Parker; general superintendent. De Witt Loom
is; general counsel Reed. Simpson. Thatcher &
Barnum. 1t is stated that the earnings of the
steel spring companies whose properties have been
acquired by the Railway Steel Spring Company
have averaged in the last three years. during
which time business has been sharply competitive
a sum sufficient to pay the dividend upon the pre-
ferred stock and 5 per cent upon the common
stock of the company.
GRASS TWINE DIVIDEND QUARTERLY-The
American Grass Irvine Company announces that
the dividend declared Tuesday is a quarterly
one.
NEW STOCK EXCHANGE MEMBER.-Rudolph
Degener was yesterday elected to membership in
the Stock Exchange.