New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-05-03
WALL STREET AND EXCHANGES

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses were not
active in the local market dealing in 1900 shares
mostly sales The interest in the London market
centred more in the Kaffr stocks and the nome hS'
than in Americans. which were consequently lhac-
tive and irregular with some tendency 10 Sae
ConsOls showed considerable strength, ana all the
news available indicated overwhelming majority
of Beers in favor OF accepting the terms or peace
offered Paris exchange on London was hrTner
The continued weakness OF bar silver gave heavy
tone to Mexican issues
STOCK LOAN OIJOTATIONS.-Loa quotations
were: AmalEamated Copper. Anaconda. American
Ice. Atchson common and preferred brooklyn
Rapid Transit. Baltimore and Ohio common. Chi
cagO Terminal Colorado and Southern. Delaware
and Hudson. Erie common. first and second pre-
ferred louisville and Nashville. Manhattan, Mis-
souri, Pacific. New-York Central, Northwestern.
Metropolitan Street Railway. Peoples Gas. Reading
first preferred. Rock Island. st. Paul Southern
Railway preferred Southern Pacific. Sugar, Ten
nessee Coal and Iron Union Pacific common and
preferred. United States Steel common and pre-
ferred, United States Leather preferred. Wabash
preferred. Western Union. and Republic Steel com
mon and preferred to per cent.
MOVEMENT OF CURRENCY.-"The Wall
Street Journals compilation of the movement OF
money In the week shows that the banks lost
$3.50, 500 The banks received from the interior
$466 800 and the interior S3.O36 100. The
gain the interior movement was s. $500 Tho
banks received new gold TO the amount OF s6J650o.
OF which $607.2O0 New-York Assay ONCE
checks, 800 on San Francisco Mint checks and
S2,S00 on Seattle Assay Office checks. The banks
received from the Sub-Treasury ordinary gov
eminent disbursements S4.463.5OO. and paid TO the
Sub-Treasury for customs. internal revenue. per
cent redemption fund. etc. $9254OO0. The loss on
Sub-Treasury transactions proper $3.50 500.
The total gain from the interior and new gold was
S2SS7Co DeduCtng this from the loss on Sub
Treasury transactions proper OF $i790JOO the net
loss is 81 5O 500
DETROIT UNITED RAILWAY.-E. II Cav &
Co. are Offering 100000 first consolidated mortgage
~ per cent gold thirty year bonds Of the Detroit
uitrd Railway, y1ls and interest. subject to call
at lc5 and interest Subscriptions open and clos,
on May S. The Detroit United Railway owns or
controls tho 50i miles OF street railway in Detroit
and suburbs. It's total outstanding bonds are
l6Sso"", and It's capital stock. paying per cent
dividends and selling 10. Is SIP 10000 Net earn
ings I'm 1901 were Sl.3i5472 and interest on funded
debt $'oaiS. leaving surplus before dividends OF
f5ol2 Net earnings IN the first quarter of this
year Increased Il per cent, which basis net for
1892 should reach $.575Go. or more than double
the interest charge the bonds
AMERICAN LINSEED.-It IS understood that
John u. Rockefeller. who year ago acquired a
majority OF the stock OF the American Idnseed
Company has been and stiIl is adding to his hold
ing by purchases in the market II is reported 10
be Mr.. Rockefeller's purpose TO acquire all the
stock obtainable. Since the company's bonds were
paid of and retired tho company has been financed
pany with money as it might need it at 5 per cent
II is said that the company has made large pur-
chases Of naXseed. both In the domestic and
foreign markets at very advantageous figures, and
is now In cono OF the seed situation The policy OF
the company IS said to be sell its oil in advance
as fast as II makes purchases OF seed. and In this
way make sure of satisfactory manufacturing
profit It is stated that the company IS at present
earning ut the rate Of per cent on its preferred
stock and that its earnings are steadily growing
GRAIN ENPORTS.-"B radstrcct's' reports the
exports OF wheat for the week sos 1855 bushels
against 37o5s9 bushels last week and 800 1853
bushels last year. Since July l. 2l5s6i S22 bushels
against i76,9l623S bushels last year Corn for the
week aggregated l2s.C79 bushels against S76lS6
bushels last week and 2.S7lS92 bushels last year.
Since July l. SGT bushels against l57 Ol5 436 last
year.
PENNSYLVANIA'S EARNINGS.-Earnings OF
the Pennsylvania Railroad I'm March increased
$4iI200. and net. $1,000. compared with the
same time year ago. the lines east OF Pitts
burg. Lines west of Pittsburg Increased in gross
$3.50 700. The company is spending large amount
Of money on the property out of earnings. since
January | gross earnings on lines east and west
OF Pitsburg have increased 50 6S3.6OO while net
earnings have Increased only $345 500.
NATIONAL CITY BANK LARGE LENDER
The National City Bank lent approximately 5000
0o on call at per cent yesterday. With a view TO
distributing the money widely possible the
loans were placed with many brokers. seventy five
loans being made of $1,000 each
AMERICAN LOCOMOTIVE.-The pressure I'm
American Locomotive due stock sold for
International Power insiders and the Locomotive
people were not inclined to take 1t except at de-
clincs.