New-York tribune., 1902-12-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING--torelSn HouscS Uooi' -
* aso shares in the local market mostly safes
There was no feature of Importance IN the traolhs
in American stocks In London and the chanseS
there were trifing, although for the mos. part
prices under parity Money was shsh'is
easier In the open discount market in London ana
the hest information indicated that there was no
great proba bility of change in the Bank OF Eng
land rate. Bar silver was again notlceaoly weak
and at 21 13-16d it within sd of the loves,
price. touched week ago.
STOCK LOAN QUOTATIONS.-Final loan quota
tions were: Amalgamated Copper Anaconda
American Ice, Atchison common and preferred
Brooklyn Rapid Transit. Baltimore and OHIO COM
mon. Chicago Terminal. Colorado Fuel and Iron
Delaware and Hudson Erie common first preferred
and second preferred. Louisville and Nashville
Manhattan. Missouri Pacific. New-York Central
Northwestern. Norfolk and Western. Peoples Gas
Reading first preferred Rock Island. st. Paul
Southern Railway preferred. Southern Racihc
Sugar. Tennessee Coal and Iron, Union Pacific com
mon. United States Steel common and preferred
United States Leather preferred. Wabash preferred
and Western Union. per cent; Union Pacific pre-
ferred. 8 per cent, and Republic Iron and steel
common and preferred per cent
ROCK ISLAND EARNINCiS.-Earnings of the
Rock Island Company for October were largely III
excess of the earnings of the same mileage year
ago. The four months statement alone indicates
a surplus for the year applicable to fixed charges
and preferred dividends of s2 sos for the entire
year and it is probable that the returns of the
succeeding months will be above the average or the
first four The requirements for fixed charges and
preferred dividends for the whole are officially
stated to amount 81 ,o06 leaving surplus or
s1O0S7 equivalent to about 42s per cent on the
SGT $50 200 common stock recently listed although
the earning power is stated by the company to be
1876 per cent The bylaws of the Rock island
Company provide that in the years from 1903 to
1909 inclusive the preferred stock shall receive
4 per cent from 1910 to 1916. inclusive. per cent
and thereafter per cent n year. while the com
mon stock entitled to whatever dividends the d.
rectors may deem it wise to declare after the re-
ourements of the preferred stock have been
satisfied.
ST LOUIS AND SAN Observation-Disclosures
has been made to the Stock Exchange to list St
Louis and San Francisco Railroad Company. Chi
cago and Eastern Illinois Railroad Company s4,OSo-
500 6 per cent preferred stock trust certificates.
Sc 622 100 10 per cent stock trust certificates
GENERAL EIECTRIC.-The directors of the
General Electric Company have declared a regular
quarterly dividend OF g share on the common
stock. payable January Is to stock of record De-
cember 20.
LAMB SUCCEEDS ACKER.-At meeting yes
terday of board of directors of the Mutual Re-
serve Life Insurance Company Henry L. Lamb
formerly superintendent of the banking department
was elected a director TO fill the vacancy caused
bv the death of John r Acker
NEW DIRECTOR IN EQUITABLE.-At the an
nuaI meeting yesterday OF the Equitable Life As
surance Society the retiring directors were re-
elected and James B. Forgan, president of the
First National Bank of Chicago, was chosen to NIL
a vacancy.
EXCHANGE NOMINATING COMMITTEE.-The
hoard of managers of the Coffee Exchange yester-
day held its annual meeting The following com
mittee on nominations was selected to name ticket
10 be voted on at annual election to be held IN
January: C. NJ. Bull. c. f. Bayne w j. PICK T.
o Lehman and f. H. White.
BUFFALO GAS COMPANY.-The annual report
OF the Buffalo Gas Company for the year ended
September 30 shows that the net prohts for the
wear were s3S9 1s7. from which interest at . per
cent on s. sos 900 was paid amounting to s2sO2oO.
leaving n surplus of s4s ss7. The preceding fiscal
wear showed surplus after paying bond interest
of s13 ss9 and the year next preceding showed a
deficit of 81 SIS. The sales of gas were increased
. 81 per cent which compares with an increase or
- per cent in the preceding year. which was the
year including the Pan-American Exposition This
Increase over the exposition year is regarded as
4 very favorable showing. During the year 2ls24
was expended for extension OF plant including
mains services and improvements at works The
plant and equipment account in the balance sheet
was increased $50 SIS and the preferred stock was
increa sed from sl63O.eD to S1.10.Ooo These items
cover the exchange OF eighty 1900 bonds and
fortv-hve shares of stock of the Peoples Gas
Light and Coke Company for $4,000 par OF the
preferred captal stock or the Buftaio das COM
pany.
CONNECTICUT RAILWAY AND LIGHTING
COMPANY The Connecticut Railway and Light
ing Company reports for the fiscal year ended June
90 a follows: Gross income from railway. $lllS-
us: electric S2g7 1876: gas $3G44 470 total gross in
come sl6l5ss4; operating expenses for railway.
ssl6 723 electric NsS93S and gas. $l506Ss total
penses 1896 sol; net earnings. $s790S3: taxes and
miscellaneous interest. s07.1s0. net applicable to
bond interest $5T .9o3; interest funded debt
Si2s 556: balance. S45347; less extraordinary
penses incurred in betterments to lines. cars and
plants s57.53i surplus, %1.Sl3.
EASTERN TRUST COMPANY A STATE DE-
POSITORY-Th2 Eastern Trust Company of New
York was yesterday appointed Of the State de-
positores of state funds by the State Banking De-
partnent This company is already city de-
pository. and a depository for margin
counts of the Cotton Produce and Coffee ex-
changes.
SIR-TREASrRY TRANSFERS.