New-York tribune., 1902-07-04
WALL STREET AND EXCHANGES


WALL STREET AND EXCHANGES
FOREIGN TRADING.-Foreign houses were no,
active in the local market. dealing in about y coo
shares mostly sales. The trading IN the London
market was limited in volume, and although Amer
lean stocks generally showed declines parity
dealings were too small to have much Importance.
and many of the quotations were nominal The
general market was featureess and consols steady.
There was a rather easier tendency of money IN
London Paris exchange closed stronger
STOCK LOAN QUOTATIONS--Loan quotations
were: Amagamated Copper. Anaconda American
Ice, AtchisOn common and preferred, BROOKLYN
Rapid Transit, Baltimore and Ohio common, Chi
cago Terminal Canadian Pacific. Delaware and
Hudson. Erie common. first and second preferred.
Louisville and Nashville Manhattan. Missouri Pa
ciic New-York Central Northwestern. Metropol-
ftan Street Railway. Peoples Gas, Reading first
preferred Republic Steel common and preferred.
Rock Island. ST. Paul Southern Railway pre-
ferred. Southern Pacific. Sugar, Tennessee Coal
and Iron, Union Pacific common and preferred.
United States Steel common and preferred United
States Leather preferred Wabash preferred and
Western Union. Z per cent.
CROPS IN GOULD SECTIONS.-The general
manager of the ST. Louis Southwestern telegraphS:
The latest telegraphc advice from Texas ind-
Gates a considerable improvement in growing crops
The rains of the last week have helped some
and cotton very materially One of the leading in
terests in Missouri Pacific saws: The cotton crop
In Texas Louisiana and Arkansas this year will
be the largest on record in those States
NEW RAILROAD EQUIPMENT.-The follow
ing companies have ordered from the Ameri-
can Car and Foundry Company: The St Louis
Memphis and Southeastern Railroad Company. IL
for passenger service and i5 box fat coal and
ballast of $4,000 pounds capacity; the Iowa and
ST. Louis Railroad Company. 20 gOndOlas; the
Vandalia 10 freight cars; from miscellaneous par
ties 50 ears Of various types. The Southern Rail-
way Company's order for passenger equipment re-
ported June q has been placed with the Ameri-
can. and calls for 10 wide vestibule coaches, .
open PLATFORM q express and combination cars.
WESTERN UNION. - Many stockholders OF
Western Union are exhibiting unnecessary appre-
hensiOn over the proposed forced withdrawal OF
the Western Union telegraph business from the
Pennsylvania Railroad. II is doubtless true that
the relations between the Pennsylvania and Gould
interests somewhat strained owing TO the in
tention of the Wabash company to enter PittsburS
and its successful fight to outlet at tide
water. The Pennsylvania evidently takes the view
that the Gould interests invading it's territory.
and the belief has spread that the activity OF
the Wabash in the so-caled Pennsylvania terri
tory is the of the loss by the Western Union
of it's Pennsylvania contract Western Union Of
ficers say that they shall occupy the Pennsylvania
territory. with their lines heretofore only with
doing the railway business, and that the loss
in earnings Is not likely to be important. They do
not think there will he any particular effort TO
change telegraph systems outside the Pennsyl
vania field. Assurances given to stockholders
confident and encouraging. The Western Union
can earn its dividend without the Pennsylvania
business a Western Union interest points out
that as the stock is scattered among 1000 holders
and that there IS little floating stock II would
be difficult to borrow the necessary amount
conduct a bear movement Of any considerable pro-
portion. He also expresses the opinion with
fidence that such large holders George J. Gould
Russell Sage and several large estates would not
lend any part OF their stock to assist the bear
raid.
LOUISVILLE AND NAsHvILI.E-The report
that the Louisville and Nashville and the Southern
are about To engage in of rates on freight in
and out of Louisville is dscredited by those in close
touch with the policy of both roads 1t is pertinent
ly pointed that the interest is OF
both roads ana that the largest interest both
roads would therefore suffer through war
GRAIN EXPORTS FOR THE WEEK.-'Brad-
streets reports the exports of grain in bushels
for the week with comparisons as follows: Wheat
flour included. 3.211215 compared with S5S7.6Ss in
this week last year. since July l. 80 5O4 against
1854. $50 In the corresponding period year ago:
corn. 127969. compared with 2.2O.s3S this week
1901 since July l. 26 S17 contrased with I75OOO Ia
in the corresponding time last year.
WEEKLY CASH CHANGES.-The feature Of the
monetary movements this week. according to The
New-York News Bureau was the sharp falling or
in the receipts of cash by the local banks The net
gain from the interior only S7S6 sOO while the
loss to the Sub-Treasury UP to yesterday amounted
TO SSluoo The net increase in cash by the banks
is consequently indicated to he Ss5.sO0
BURLINGTONS EARNINCiS.-Csross earnings of
the Burlington increased In MAY s1SlS $40 and net
earnings increased ss37695. For the eleven months
Of the hscaI year gross earnings have increased
SS55.i6S and surplus after charges SeOS4577
WABASH.-For the eleven months ended Ma Il
gross earnings of the Wabash system increased
N42iSti and net earnings increased $5sSO57