New-York tribune., 1902-07-18
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
upward OF $4,000 shares. buying 10000 on balance
American stocks quite the feature In the Lon
don market. and there was very marked improve
ment of interest in them, with considerable buy
ing both for local and Continental account
Prices advanced to q per cent on parity a
little scattering realizing in the Kafr stocks was
the only adverse feature. Consols were unchanged
at es The Bank of England did not change its
and made strong return. showing a high
proportion of reserve to liabilities and substan-
tial gain In bullion the week.
STOCK LOAN QUOTATIONS.-Loa quotations
Amagamated Copper, Anaconda, American
Ice. Atchison common and preferred. BROOKLYN
Rapid Transit, Baltimore and Ohio common. Chi
cago Terminal, Canadian Pacific, Delaware and
Hudson, Erie common. first and second preferred;
Louisville and Nashville Manhattan. Missouri Pa
Cific. New-York Central, Northwestern. Metropoh-
Street Railway, Peoples Gas, Reading first pre-
ferred. Republic Steel common and preferred. Rock
Island. st. Paul. Southern Railway preferred,
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
3d3h per cent.
WEEKLY CROP REPORT.-The weekly crop
port from correspondents of r. G.. Dun & Co.. in
important crop sections. shows that nearly all
crops continue to make seasonable progress. Corn
is growing well. Some injury is reported low
lands in parts of the West, and damage is
reported by wind and hail in isolated districts: but
in the six or eight important growing States
of the West where the bulk of the crop is raised,
there has been uniform Improvement during the
week over the very large acreage planted this year
Wheat harvest is progressing favoraby in the
Middle West, though delayed in some places by
wet weather. The grain is growing we'll in the big
spring wheat States of the Northwest. Oats
tnue TO improve. and a large yield is anticipated.
Reports from Wisconsin that the crop is lodged
in some sections by wind and rain. but the yield
will be fair There is injury in lowlands.
in oil
sections of the South. North Carolina reports say
that while the plant is not large it is fruiting
we'll Hay will be up to the average. In some sec
tons Of New-York State the crop is only fair. and
there Is some delay in gathering account of
wet weather, but in the West the crop is generally
reported heavy. Potatoes continue to grow well
and the yield will be large. In New-York State
reports regarding buckwheat and beans not
wholly satisfactory, excessive rains having de-
layed planting and cultivation very much.
NEW EXCHANGE NEUTRALITY-SUSPICIOUS. Chaser
of ST. Louis; Knitting Post Emmons. of H. L.
Horton & Co; Alan E. Philbrick and William R.
Holigan. of Chicago, have been elected members of
the Stock Exchange.
DIVIDENDS DECLARED-The following divi-
dends are announced: The Phoenix Insurance Com
pany. per cent, semi-annual: the Proctor & Gam
bic Company. per cent, quarterly common Ma
tional Surety Company, per cent.
GOLD TIMBER CERTIFICATES Bros
& Co, Of NewYork. Philadelphia and Boston
recommend as safe investment and offer for sale
at par and interest s200Oo0 per cent gold timber
certificates, maturing 1905 1872 interest payable
February 1 and August 1, Baltimore and New
York. The certificates for 81 600 each in cou-
pom form, and redeemable at los and interest
on any coupon date, sixty days notice. The
Maryland Trust Company, of Baltimore, is the
trustee. These certificates part an issue
of $6Oo0OOO against $4,000 of land and about
6,0W00O,0o feet OF commercial timber OF the total
issue, MSOUO have been disposed of at private
sale or withdrawn for investment The certificates
entltle the holder to a beneficial interest in the
contract of the Kirby Lumber Company with the
Houston Oil Company, which contract has been
assigned to the Maryland Trust Company as trus-
Tee, Tor the benefit Of the timber certificate hold
ers The assignment of the timber contract of the
lumber company and the mortgage of its property
nave been approved by the company's counsel.
John G. johnson, of Philadelphia. Further issues
of certificates can be made only for payment at
cost OF additional lands acquired subject to the
restriction in the deed of trust, and must be made
IN series maturing subsequent to those now out
standing. The $4,000 acres of timber lands of the
Houston Oil Company against which the s6OOOOOO
per cent gold timber certificates have been issued
are In Louisiana and Texas principally between
the Neches and Sabine rivers. Professor Hill of
the United States Geological Bureau says that the
lined by certain we'll defined oil bearing strata
which are available and apt to be productive in
many places.