New-York tribune., 1902-04-10
WHEAT.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses soiu
stocks balance in the local market to.ai uea' M
ings amounting about 15.co shaieS -
provement in American stocks In London, although
on very moderate transactions. was Satisfactory
feature especially as the Kaffir stocks were IN
active and consols distinctly heavy at 'o7s' &" W
cline of Il per cent. The official reiusai 70 eo
firm the peace rumors current was respohsioie ioi
the lower quotation. Money conditlohs "eio u"
changed, and exchange in the various h p
centres had feature of interest
STOCK LOAN OUOTATIONS.-Loa quotations.
Amalgamated Copper Anaconda @a.o -
common and preferred Brooklyn kapio IIs
Baltimore and Ohio common. Delaware anu ~
son. Erie common, first and secohu pieA.
Louisville and Nashville. Manhattan. Missouri "a
cifc New York Central, Metropolitan street f.e'-
way, Peoples Gas, Reading nrst preieiiou' A
public Steel common and preferred hocA .sihHu'
ST. Paul, Southern Railway preferred Sou.Aei- Al
Pacific. Sugar. Tennessee Coal ana iroh' C -,
Pacific common and preferred United states steer
common and preferred, United States Leather pre-
ferred Wabash preferred, Western Onioh' D pe'
cent; Colorado Southern common
SAFETY INSULATED WIRE AND CABLE CUM
PANY-The Safety Insulated Wire and Gable Com
pany is about to incorporated under the laws or
New-Jersev retaining the of the present COM
pany, organized fifteen years ago unoer Me-" 10, n
State laws. The capital of the company VIII pe
$3.50 OOo Of which 5OOOO0 will remain IN the Treas
ury There will be issued soO00oo of an authorized
fund gold bonds the remaining $25O,oO being re-
served in the treasury under proper restrlcuohs'
not to be used except to acquire addltionai prop-
erty or working capital. The earnings OF the coh-
pany have shown constantly increasing proh's III
its fifteen years operation. The recently acquired
property owned by the company at Bayonne, N j.,
consists of thirteen OF land. with Vaiuapie
water front the XIII Won kui
MARKET FEATURES.-In the active railroad
list Southern Railway and Louisville and NashViiie
were leading active strong features In the spe-
cialties Westinghouse Electric and Manufacturing
rose 15 points. Keokuk and Des Moines 10, New
York New-Haven and Hartford 6i2, Duluth. South
Shore and Atlantic issues per cent ana ftutiano
preferred / point and numerous other gains were
recorded In the last few minutes of business. arter
the principal demand for money had been supplied
rates for call money were advanced to an extreme
per cent the high point Of the day. with compara-
lively slight effect upon security prices Tne excep-
tionaI rise in Westinghouse was attributed III part
TO a reported large contract received from ehe
Union Pacific Railroad Company and also to the
impression that the company and the General Elec-
+-ic Companv are working closely together.
There was little news bearing directly upon
prices and the advance was regarded ch1eny as re-
hecting readjustment Of position by prominent
speculative interests.
ST. JOSEPH AND GRAND IsIAND.-St Joseph
and Grand Island stock has been quite active Tor
some time. 1t is stated in some quarters that the
bIlvinc has been by the interests now identined
with the control of the Rock Island system. Inc
buying has not been limited to any one issue, but
all three issues have been active, although the
most urgent buying has been of the first preferred
stock. 1t Is believed by some that the control OF
the St Joseph is held by the Union Pacific or in
terests identified the latter but that the pres
ent buyers after the balance OF the stock
THE FALL IN SII.VER.-The present price of
silver 2ia.d ounce, is the lowest since Septem-
her 1897 when dip made to low record OF
23tsd. against a level of 26d in the previous and
succeeding months. The highest London price re-
corded silver 622d, in 1889 AS late as 1880
II was 54fsd and In 1889 3ol4d. The tendency is be-
lieved TO be still downward. the East is taking
little new silver. while American and Australian
supplies are more than equal to the demand. The
immediate decline is due TO the troubled state OF
the Indian and Chinese markets.
ELECTED a DIRECTOR.-At meeting yester-
dav OF the board OF directors OF the United States
Rubber Company +. c. Benedict, OF Z. c. Benedict
d Co. was elected Il director TO fill vacancy.