New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-25
WALL STREET AND EXCHANGES.

FOREIGN TRADINCI-Foreigr houses generally
sold in the local market American stocks in Lon
don spiritless with declining tendency from
the outset Consols lost ground and the tone
throughout the market heavy. Money in
considerable demand on London but trihe
easier in Berlin. Foreign exchanges on London
all hrm. Bar silver again weak at 2215d
the lowest price yet touched
STOCK LOAN QUOTATIONS Loan quotations
We're: Amalgamated Copper, Anaconda, American
Ice, Atchson common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common, Chi
cago Terminal Colorado Fuel and Iron. Delaware
and Hudson. Erie common first and second pre-
ferred; Louisville ana Nashville. Manhattan. Mis-
souri, Pacific, New-York Central Northwestern,
Norfolk and Western common. Peoples Gas. Read
ing first preferred Republic Steel common and pre-
ferred Rock Island. ST. Paul. Southern Railway
preferred. Southern Pacific Sugar Tennessee Coat
End Iron Union Pacific common and preferred,
United States Steel common and preferred. United
States Leather preferred Wabash preferred and
Western Union 4a4lq per cent
EARNINGS FOR CAR BUILDING COM
PANIcS.-C urrent heavy buying OF new cars has
naturally increased the earnings OF the car build
ing companies and in the OF the American
Car and Foundry Company It is interesting 10
note that the company has coming in at pres
ent on orders under construction. over 100000.
The company has on hand material and supplies
valued SIS on00c1 while II expects in a year %
have a cash working capital Of s250oo0oo. The
point has been made that the present heavy orders
for cars Will not continue indefinitely This is. OF
course So but the company could pay It's present
divldcnds in hard times on The income TO repairs
from old alor" without new construction
work or course there will always he a demand
for now equipment. and the dull years need not
worry Investors who hold the shares for car and
locomotive building companies. It Is estimated
that orders for more than 10000" worth OF new
equipment are now books OF various locomotive
and car works The demand IL universal and
urgent from all parts OF the country
Gently the Nineteenth Ward Bank OF this city,
had occasion bring suit against one Of the city
banks to recover upon check prior in6orse-
rneut or which had been forged The defendant
asserted that negligence on the part OF the Nine
tccnth Ward Bank could be successfully inter
poscd az a defence. which was denied The case
came mp for trial before Judge Joseph Of the With
District Municipal Court. AMI Judgment was rem
dercd promptly In favor OF the Nineteenth Ward
Bank It is worth while to make note Of the
decision and to caution customers and others
against receiving checks from unknown holders
without the most careful scrutiny and examination
into their rights. Su,h checks necessarily must
bear the party's name cashug them. "a indorser,
which holds them absolutely responsible for the
validity Of an prior Endorsements. The effect ot
the Endorsement in law is guarantee OF the gen
uucss Of all signatures preceding the Endorsement
RUSSELL. SAGE PUTS OFT CALL MONEY
For the FIRST time i'm long period Russell Sage
lent call money Yesterday he put out several
millions at A., per cent Despite all reports To the
contrary. time money was in good supply, and
large amount placed at ~ to per cent
CORN PRODUCTS Stockholders of the Corn
Products Company believe that the common stock
will be placed { per cent dividend basis in
1903.
WABASI.-The proceeds Of the s2.236 90 add
tonal Wabash first Is for which application has
been made for listing will be used retire prior
lien bends.
NJ : r. MEETING ADJoURNED.-A special
meeting of the stockholders of the Metropolitan
street Railway Company held yesterday morn
ing at the offices of the company. No. 62l Broad
way. and adjournment taken to January u
No other business transacted.