New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-20
WALL STREET AND EXCHANGES.

LONDON TRADINCi.-There little trading
IN this market for London account yesterday. and
on balance about ten thousand shares were sold.
The early quotations for American railway shares
in London showed general declines In the after
the quotations were at about parity with
New-YorIz but business was only OF a triing
tent The market for American securities on the
curb however. closed slightly harder The Paris
Bourse was irregular and the Vienna Boerse
heavy The other Continental bourses were closed
The Bank OF England sold $4,000 gold 70 Argentina
STOCK LOAN OBSERVATION-DISCLOSURES
Copper Anaconda American Ice Atchison com
mon and preferred Brooklyn Rapid Transit. Balti-
more and Ohio. Chicago Terminal and AZ per
cent: Colorado Fuel and Iron. fiat: Delaware and
Hudson. Erie common. first and second preferred,
Louisville and Nashville Manhattan. Missouri Pa
ciac Ncv-York Central. Northwestern. Northern
Pacific preferred 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.
linton Pacific common and preferred United States
common and preferred United States Leather pre-
ferred Wabash preferred and Western Union.
and AZ per cent.
WABASH RAILROAD AFFAIRS.-An ordinance
introduced into the Common Council OF Pittsburg
10 grant TIE Pittsburg. Carnegie and Western
Railroad an entrance into that city. and also the
right 20 build elevated lines certain streets to-
rcther with various other valuable privileges.
passed the first reading by large majority on
Monday night. II is confidently expected that the
measure VIII no INlly adopted dt tte meeting vNN
week. President Ramsey Of tho Wabash says that
his road proposes TO cross the Allegheny River for
the purpose OF getting valuable traffic in Allegheny
city but not for the purpose OF forming con-
nection with the Buffalo. Rochester. and Pittsburg
Such connection may be formed later
DIVIDEND DECLARATIONS.-The American
Express Company has declared a dividend for the
half-year Of 80 a share. and an extra dividend OF
81 a share payable on January . This is the same
amount as was paid on July l. Tho Fisheries COM
pany has declared an annual dividend OF per
on its preferred stock. payable January 10 TO stock
Of record December Is. The American Steel Foun-
dries Company has declared the first quarterly divi
dend IA per cent on it's preferred stock. payable
December /. Books close on November = and re-
open on December ?.
BOND OFFERING.-The Lincoln Trust Company
is Offering to investors $250O00 New-York city gold
tax exempt bonds, docks and ferries issue due
November 1. 1852, interest payable May and No
vember AT price to net 314 per cent These bonds
are a legal investment for savings banks. trustees,
etc.
TRAFFIC MANAGERS MEETING-The traffic
managers of the Eastern trunk lines arranging
a meeting for an early date to discuss certain in
creases in freight rates that have been suggested
nv different railroads The Eastern railroad men
say that they do not favor the proposition. attrlb-
uted to Western traffic managers OF a wholesale
increase of 10 per cent in freight rates offset
the increase OF wages so generally ordered by
the railroads. 1t is contended that the prevailing
freight rates on certain commodities have been too
low for the last two years Some rates that were
reduced during the business depression several
years ago as a concession TO Industrial interests
have not yet been restored to what the railroad
say is their normal figure. few of such restora-
tons will appear in the new freight classification
that goes into effect on January on the lines
of the trunk line freight managers In favor of
making additional increases In freight rates,
spective of the new classification.
PRODUCE EXCHANGE SEAT SAIE-Five seats
sold on the Produce Exchange yesterday.
bringing $3.50 each All went TO William Hamilton
member Of the Exchange.
OIL COMPANY'S BUSINESS GROWS.-It is re
ported that the business of the Champion oil Com
pany for october was even greater than In Septem-
her. which had previously been the banner month.
NETWORK CITY BONDS FOR SALE-The
Lincoln Trust Company offers investors $55OOOO
New-York City gold tax exempt bonds docks and
ferries issue. due November l. 1852 interest payable
May and November. at price to net 3.l4 per cent
These bonds are legal investment for savings
banks. trustees. etc.
NATIONAL RAILROAD OF MEXICO.
The work of staudardi2ing the tracks and equip
meut Of the National Railroad Company of Mexico
is proceeding rapidly. and the following is a state
ment of the mileage now operated standard gauge:
Nqoasl Railroad coIags9y Of Mexico main line .
National Railroad COMPANY OF Mexico main '''
Total 3g6's
The new standard gauge engines have been re-
ceved are now in service between Laredo and
Monterey and giving excellent results. proving al
once the great advantage of standard gauge over
narrow gauge road in the matter Of TRANSPORTATION
of freight. Between the points named ahov, tn.
narrow gauge engines hauled southbound 500 gross
train The new standard gauge freight en-
gines haul 200 tons train, The grades are per
cent and the new engines are capable of hauling
up these grades 1.450 tons the rate of ten miles
an hour One standard gauge engine is hauling
gauge engine. and I'm doing 50 consumes 80,
twice as much coal, the result being that the sams