New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-15
WALL STREET AND EACHAAGES.

FOREIGN TRADING.-Foregn houses bought
stocks in the local market. dealing In aoout 4o:O0o
shares In the London market there was dc'No
public buying OF gilt edged securities and consois
Americans steady, on buying chiehS Ioi AZ
count Of New-York. Louisville was the feature
in this department
.rCurSON.S bright PROSPECTS.-A high
officer ~ the Atchison. in discussing crop condi-
lions SAYS that las near as he can learn ''lr
winter wheat plant has been damaged about 10
per cent In the territory of this road spring con-
d,tion. have been favorable for seeding. ana there
&. a,,nte moisture I'm nearly all sections. This is
most important. In that respect the road Is better
off than In former years. Farmers are sd'i'i.N
with the general condition, and this is reiiec'eu III
their continued absorption Of nearly everything
which gives Atchison the heaviest westpouhd
business IN It's history II the Southwest mas
good crop. traffic earnings will surpass anything
ever before known. and the road is likely 70 nave
more business than IT can handle. even With
largely increased equipment
vIRGINIA-CARoLINA CHEMICALS. T. Nor
gan president OF the Virgnia-Caroilna Cheihicdi
COMPANY who sailed for Europe on Saturday de-
.u,ed RI dIvuIVe the purpose OF his visit other
than that while in London arrangements VIII De
made for listing Virginia-Carolina Chemical COM
pany common and preferred stock on the l-ohuoh
Stock Exchange 1t is learned. however that his
vis,t is principally in connection with closing ne
gotatons for large and important properties which
will be OF great value to the future OF the Chemi-
cal company. 1t is said that simultaneously Win
the listing OF the Virginia Carolina Chemical Com
panv stocks on the London Stock Exchange some
OF the largest and most influential London and Con-
tinental interests will become interested in these
stocks.
DE~rROJT SOUTHERN.-It is thought in we'll in
formed quarters that the activity in Detroit South
ern issues represents buying Tor control me De-
troit Southern Railway runs from Detroit. Mich to
Wellston Ohio by the of Lima. distance
,rH has a
total If 423 miles forming a route from the btu
minous coal fields of Southern Ohio. There are
$40 O 600 common stock and IS 500 900 per cent nom
cumulative preferred stock.
BURLINGTON TRAFFIC-Losses on corn ton
mage on the Burlington road have been offset by the
movement of grain. principally wheat ana other
traffic derived from the union with Northern IA
cac and Great Northern roads. These roads have
had an immense crop to move. and that "hich mas
come East by the way of Chicago has been handled
Burlington
MISSOURI PACIFIC.-The falling Off In net earn
,nps Of the Missouri Pacific company In February
was due TO extremely unfavorable weather and TO
largely Increased expenditures on the property
ComDar,son was also made with a month a year
ago. when there was record breaking volume Oh
traffic The Missouri Pacific Is spending, a large
amount of money out of earnings on its lines and
making q foundation that will eventually largely
increase its income.
NO CHANGE IN ROCK ISLAND.-It is authori-
.atively stated that change Is contemplated In
the official staff of the Rock Island road. The
relations between the new interests in the com
pany and Mr. Gable. who has for SO many years
been in charge of the property, are of the most
cordial character and long Mr.. Cable Is
willing to retain the Office OF chairman OF the
hoard the present controlling interests will be glad
( have him do
GENERAL ELECTRICS STOCK DIVIDEND
Holders of General Electric per cent debenture
bonds of which there are $3.50 900 outstanding. are
notified tnat they will participate In the stock
dividend unless they convert their bonds into stock
on the basis of $40 bonds for 800 In stock i'm
mediately The exact amount of the coming stock
dividend is A6.s2s. 1873. which will make the out
standing capital $42070333. The company is TO re-
tain 81 929 1857 in it's treasury.