New-York tribune., 1902-12-31
WALL STREET AND EXCHANGES.

FOREIGN TRADlN(T.-1he LONDON trdulnE III
the local market amounted 10 25ooo shares. OF which
more than two-thirds were purchases. American
Railway shares the London curb market were
weak with practically business doing.
CURRENCY TRANSF ERS.-There was deposited
at the sub-Treasury yesterday morning $4,000 for
transfer 10 New-Orleans- The Suo-Treasury pald
out during the day s25o.ooo-
STOCK LOAN QUOTATIONs.-Amalgam mated
Copper. Anaconda. American Ice. Atchison com
mon and preferred. Brooklyn Rapid Transit Balt-
more and Ohio. Chicago Terminal. Colorado and
Southern Delaware and Hudson. Erie common
first and second preferred; Louisville and Nash
vile Manhattan Missouri Pacific. New-fork Cen
trail. Northwestern, Peoples Gas. Reading arst
preferred. Republic Iron and Steel common ana
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 L1a,ner preferred. Wabash preferred ana
western Union, 10 per cent
NORTHERN SECURGTTES.-At the time Of the
annual meeting OF the Northern Securities Com
panv II was announced that the newly elected board
of directors would meet inside OF two weeks and
elect officers and probably that no change would
be made Apparently II IS taken for granted that
such action would be taken. and nothing had been
said a bout Il until yesterday. when 1t was learned
that the meeting had been held and the expected
programme carried out II was stated that the
same executive committee had also been elected.
The stock OF this company was again one OF the
faa Of the curb market, advancing Ia points
10 10 The total sales amounted to 1900 shares.
Action on the Great Northern preferred and North
ern Securitier quarterly dividends will be taken
next month There is no official assurance that
the rat. each will be increased. but intima-
lions 10 mis- effect have been received from various
authoritative sources.
CHICAGO GREAT WESTERN.-The activity in
the common stock Of this company has been
feature of the market for some days II is SAID
that the principal buying yesterday and the day
before for London account. 1t is also learned
that one Of the executive officers of the company
went to London recently and 1t is pointed that.
as the control of the company is held abroad. his
presence there and the activity of the stock here
might clearly be taken Indicating that plans
favorable to the company and stockholders
under consideration.
TRUST COMPANY TO INCREASE DIVIDEND.
1t is officially announced that. beginning with
the New Year, the Guaranty Trust Company.
which has paying dividends at the rate of
16 per cent per will 20 per cent, in four
quarterly instalments.
DIVIDEND NOTES-A director of the National
Biscuit Company is quoted in Chicago dispatch
as denying the current rumors that the company
will soon increase the rate of dividends its
stocks. The Automatic Clerk Company. which is
the owner of several automatic vending machines
has declared a semi-annual dividend of per cent
on preferred stock. payable at the office of the
company. in Newark. N J.. December 81.
Transfer books will reopen January .
INTEREST DENI%9NED.--i ne Savings
Bank has declared its eighty-ffth semi-annual divi
dend 1t is payable January 10. and is at the
rate Of 3l2 per cent year.
CAR AND FOUNDRY DIvIDEND.-It is said
on the authority of interests close to the manage
ment of the American Car and Foundry Company
that the common stockholders will receive per
cent Tor the cOmpany's year their stock. 1t
has not been decided whether the increase in the
dividend will be made in January at the follow
ing dividend period. Regarding the question as
TO whether the company could maintain dividends
I'm years of business depression. the answer is
made by the company that its finances in a
position to stand time of poor business, and that
from the profits repairs to old alone divi-
DIS the current rate could be paid The Amer
lean Car and Foundry Company has accumulated
very fact that it has not been lavish in the dstr-
button of dividends the stock is strong
argument in favor of its securities. There is no
let DIP in the demand for In the year
Of 1902 over f64 600 added to railway |
equipment in this country and over 4.oOo locomo- |
tiveS.
NEW BOND ISSUE.-N. W. Harris & Co. are
offering to investors 100000 first mortgage per
cent gold bonds of the Berkshire Street Railway |
Company, operating in Pittsfeld, Lee, Lenox |
Stockbridge Great harrington. Cheshire. Adams |
and North Adams, with total trackage of over |
forty miles and serving and connecting total |
permanent population OF 72.7s4 QS0o censusl.
Mr. RHETT'S NEW PLACE.-I4owndes Rhett |
who retired to-day from the firm of Rhett Brothers
has been admitted to the banking firm of Dominick |
& Williams. Mr.. Rhett was for several years man
ager of the stock aad bond department of Brown |
Brothers & Co.
AMERICAN BICYCLE BONDS.-At request Of
the holders of large amount of the debentures of
the American Bicycle Company. who are dissatis-
fed with the terms offered by the plan of reorgani-
zation which has been announced, Edwin Could
Francis L. Higginson and William H. Taylor have
consented TO act protective committee. with
view of securing more equitable treatment of the
Holders Of the debentures requested
Ia EAtair THAR bonds for the present and to COM