New-York tribune., 1902-01-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
about $1,000 shares selling balance So 900 shares.
There good demand for United States Steel
common.
STOCK LOAN QUOTATIONS.-Loa quotations
were: Amalgamated Copper, Anaconda, Atchison
common and preferred Brooklyn Rapid Transit.
Baltimore and Ohio common, Chicago Terminal.
Delaware and Hudson. Erie common 1st and I'd
preferred Louisville and Nashville Manhattan,
Missouri Pacific NewYork Central. Northwestern,
Peoples Gas, Reading 1st 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 pre-
ferred Wabash preferred. Western Union, 7qS
per cent.
CHARACTER OF TRADING-Western houses
heavy sellers, particularly in Reading. Lon
don active buyer of United States Steel
shares. Talbot ]. Taylor & Co and other Keene
brokers were also buyers The selling for London
and Chicago accounts aggregated 100000 shares,
sales representing profit taking operations. Many
of the usually inactive shares were marked up In
the of the day. Commission houses had
heavy buying orders. but sales for people who
bought last week large. especially in Erie.
St. Paul. Reading, Manhattan and Atchison.
Brooklyn Rapid Transit gained over points. clos
ing its best price of the day Pool buying
reported in this issue. Pacific Mail was
bought on favorable Washington advices.
INTERNATIONAL PUMP.-The International
Pump Company reports heavy net earnings over
this period year age, despite the fact that large
amounts have been spent by the company out OF
earnings in securing new properties and In In
creasing the physical efficiency of the plants
There was an investment demand for International
Pump common yesterday. This stock pays 4 per
cent q year in quarterly payments. and the known
earning power of the company suggests the belet
that in time the common stock will receive larger
dividends than the preferred receives. The stock
is worth much more than its present price.
GRAIN EXPORTS 'Bradstreets' reports the ex-
ports of wheat for the week 4SS41 bushels against
4291 43 bushels last week and 394,SN bushels last
year Since July l. 149 746,961 bushels against 9S-
O65 756 bushels year. Corn for the week aggre-
gated 27O,6S6 bushels against 424S36 bushels last
week and 447O52l last year. Since July l, 2o,s20 75l
bushels against 9S 7lO.69O bushels last year.
MISSOURI KANSAS AND TEXAS.-It IS OFF,
cialIy announced that Missouri Kansas and Texas
will shortly sell $000o0oO extension bonds to cover
the cost Of three extensions in Oklahoma and Ind
ian Territory for the building of which charter
was filed on December %. These extensions are
from Stevens. Ind. T.. to Guthrie. Okla, G35 miles,
thence to Oklahoma City Chirty-fve miles). thence
southeast to Wyback. Ind. T. the main line
eighty mes)
WABASH EARNINGS-E Earnings Of the Wabash
Company in the last week in December increased
in gross S2S 6S5, making e in for the month of
S56 lO3 From July l earnings have increased
Ss33 sol.
SOLD AT 1900 EACH-Two seats on the Con-
solidated Exchange have been sold $1,000 each.
the last previous sale having been $500 last Sat
urday; and 81 100 is bid. The sharp advance In
the price Of memberships is due 10 the decision Of
the exchange establish a wire service to Chicago
and intermediate points. one of the ConsoI-
idated Exchange memberships just transferred at
$l0o0 was purchased by G. H. Harris. who sold his
seat the Stock Exchange a while ago for about
S6o.OO0 other former Stock Exchange members
who have recently been admitted to the Consol-
idated S. NJ. Bogart and c. Stokes Coffee Ex-
change seats are now quoted at $500 a gain OF 500
the recent figure
PRODUCE EXCHANGE GRATUITY FUND
The board OF managers of the New-York Produce
Exchange yesterday decided to recommend TO the
members amendment permitting the purchase
OF memberships Of deceased members and those
who have been expelled for other reasons have
ceased to be members. The proposition TO permit
the gratuity insurance follow the membership
defeated.