New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-16
London Sept. IL, p. m.-The market for Ameri-
an securities irregular. Final prices follow:
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
80 coo shares. buying balance. Money was IN
fair demand in the European centres. but PARIS
exchange on London C-sier. Consols were
shade heavy but the mining stocks in London and
other speculative issues were merely neglected ana
not weak The Bank of England reduced its quo
tations for bar gold slightly.
STOCK LOAN QUOTATIONS.-Loa quotations
were: Amalgamated Copper. naconda, American
Ice Atchison 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-YorS Central. Northwestern,
Northern Pacific preferred. Peoples Gas, Reading
first preferred, Republic Steel common and pre-
ferred Rock Island, st. Paul. Southern Rail-
way preferred Southern Pacific. Sugar. Tennes-
see Coal and Iron Union Pacific common and pre-
ferred United States Steel common and preferred,
United States Leather preferred. Wabash preferred,
Western Union. and ID Per cent
AMERICAN LOCOMOTIVES REPORTING re-
port of the American Locomotive Company for the
first year of its existence has been favorably
ceved The surplus OF s., 25 312, after the payment
of fixed charges on the securities of underlying
companies and a dividend at the per cent
per annum the compaEy's preferred stock,
is equivalent to a little more than per cent it's
common stock. A strong point in the organization
of the American Locomotive Company is the
fact that it has funded debt, except small
amount of bonds three subsidiary companies,
amounting in the aggregate to only S1,012,000.
Although the earnings equivalent to q COM
Portable dividend on the common stock after the
payment of the full per cent the preferred
stock. President Galloway in his annual report,
specifically states that it is not the present policy
of the directors mage distribution of profits
the common stock, but to the surplus In
enlarging the plants and in increasing the COM
pany's working capital Another notable feature
in President Getaways report is the statement
that it is the policy of the directors to make
profits a large volume of business and economi-
cal management rather than by raising the prices
Of the manufactured product
FRANCE BEST ABLE TO SPARE GOLD
The London Statist" says:
There is a slight demand for gold in this mar
ket at the present time for Australia, and it is
doubtful If gold arrivals from abroad will be OBJ
tanned by the Bank AS regards other sections OF
the Continent the exchange is much too high to
admit of gold shipments. There will be no reason
for relatively high apart from the possibility
that America may need TO take gold but it is i'm
probable that the amount that NewYork will
take from this market will be very large 1t is
much more likely that considerable sum will be
taken from France, where the supply is unusually
abundant and where large be spared
without bringing high rates to the French market.
ATCHISON'S CORN TONNAGE SAFE-Second
ce-President Paul Morton of the Atchison. To-
peka and. Santa re Railway Company says that
the corn crop in the territory tributary to the
Santa Fa road is safe. so far as tonnage is con-
cernef Frosts may have impaired the grade IF
the grain in some sections. but. as a matter Of
fact the great bulk of the crop, say fully 50 per
cent is too fully matured to sustain injury Mr..
Morton predicts a record breaking traffic year for
tho .tcbison road and declares that it will be
one Of bie net earnings. a result of economies
in operation made possible by the improved physi-
cal condition of the property
PENNSYLVANIA ROLLING STOCK FOR 1903.
The Pennsylvania Railroad is preparing esti-
mates for the number of freight ii will
have constructed in 1868 1t is believed that the
cornanv will have built in the neighborhOod OF
twelve thousand cars. The number con-
s,ructed this year was upward of twenty thou
sand The new cars will he Of 100000 pounds ca
paeity AZ cost of over one thousand dollars
each.
ctrpPFNCY TRANSFERABLE depos-
tied at the sub-Treasury Yesterday sSpoo" for
,,osfa, "a the interior-Sao0G10 to New-Oreans and
fs,t Chicago.