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


about fifteen thousand stocks In the local market
and sold three thousand shares In the London
market the expected acceptance of the British
peace by the Beers made its effect felt In a
Consols. The Kaffir stocks were strong, and
the generally better feeling was reflected In Amer
| leans, where all active issues showed advances,
with the exception of Louisville. continental
bourses firm.
| STOCK LOAN QUOTATIONS.-Fina 'oan quota
tons We're: Amalgamated Copper, Anaconda, Atch-
ison common and preferred Brooklyn Rapid Tran
sit Baltimore and Ohio common. Delaware and
Hudson Erie common. first preferred and second
preferred: Manhattan. Missouri Pacific. New-fork
Central Metropolitan Street Railway. Peoples Gas,
Reading first preferred. Rock Island. St Paul,
Southern Railway preferred, Southern Pacific.
Sugar Refining. Tennessee Coal and Iron. Union
Pacific common and preferred. United states Steel
common and preferred. United States Leather pre-
ferred Wabash preferred and Western Union. 3 per
cent; Colorado and Southern common per cent,
and Louisville and Nashville 2a5l2-
FAILURES IN MARCH.-Reports to r. c.. Dun
& Co. show that nsovencies during the first quar-
1902 remarkably light. but the most en-
couraging showing for the month OF March.
this is the latest period for which full reports
are available. It reflects current conditions most
perfectly and consequently the inference IS that
the business situation Is now exceptionally sound.
In fact. the whole of recent commercial re-
ports is cheerful aside from those industries dis
turbed by labor controversies Examination OF the
March failures by branches OF business shows that
only two out OF fourteen manufacturing classes
show any material increase over last year. These
were the miscellaneous division, which was dis
torted by a very large coal mining failure and the
printing class in which was included publishing
house at the West for about 100000 Even in
Guiding the heavy default of a builder that class
scarcely exceeded the liabilities in 1901. while COM
pared with earlier years there appears material
decrease.
AMERICAN COTTON OIL - The advance In
American Cutton oil stock due TO buying by
people well informed regarding the companys earn
ngs In the first seven months OF the company 3
fiscal year earnings, after fixed charge and pre-
stock dividends. showed surplus of 81 COO
equal per the common. 1t is thought
that of the year the surplus Will reacn
another million dollars 10 per cent for the
mon. The Virginia Carolina Chemical Company IS
making heavy earnings its cotton oil trade. and
ii is working in the line of business In harmony
with the American Cotton oil Company.
INTERNATIONAL POWER.-Internationa Pow
er, it is said. has acquired the right to the eN-
elusive manufacture of the Diesel engine for the
United States and Canada. 1t is further stated
| by the directors of the International Power Com
| pany that the Augsburg works of the Krupp Com
| pany of Germany is crowded with orders for these
engines for the Russian oil fields for nine months.
| The proposed issue ot new stock by the Interna-
tional Power Company Will be In the neghbor rhood
| of twenty thousand shares. This stock will be
issued raise funds for extending and enlarging
the business of the company. and especially
| plot the Diesel engine.
GRAIN EXPORTS.@"Bra Bradstreet's' reports the
exports OF grain in bushels. for the week. with
| comparisons as follows: Wheat. flour included.
3.842Ol2, compared with 6.405 in this last
year. since July l. 202 6S7 $40. contrasted with 61,
02771S in the corresponding period last year. Corn
15S565, against 2.623.SSi in this week a year ago;
since July l. "a 623 266 compared with 1i0 $50 762 in
| the corresponding time last year.
AMERICAN LOCOMOTIN E.-The following COM
panies have ordered engines from the American
Locomotive Company: The Southern Railway Com
pany, thirty locomotives: the Chesa peake and
| Ohio Railway Company twenty-five cOnsolida ton
engines and five prairie type passenger engines this
includes the order reported February 2D: the New
| York Central and Hudson River Railroad Company
| ten locomotives; the st. Louis and San Francisco
| Railroad Company, ten consolidation engines; the
Terre Haute and indianapolis Railroad Company,
| six locomotives. the Gulf and Ship Island Railroad
| Company, six consolidation engines the Standard
Steel Car Works of Pittsburg, locomotive; the
| Copper Range Railroad Company. additional
| engine.
| NEW RAILROAD EQUIPMENT.-The following
| companies have ordered from the American
| Car and Foundry Company: The st. Louis and San
| Francisco Railroad Company, hundred 40-foot
| fatcars for June delivery, and the St Louis, Kan
| sas City and Colorado Railroad Company fifty
| freight The American company is building
| twenty-seven freight cars for export.
| NEW EXCHANGE DIRECTORY.-TaIbot ].
| Taylor & Co. have issued Stock Exchange d.
| rectory compiled by Richard r. Sinclair. The book
gives a complete list of the officers, committees CO.
partnerships. members. telephone NUMBERS. rules
for delivery and other valuable information re-
| gardng the Exchange.
| CHICAGO INDIANAPOLIS AND LOUIS
| VILLE.-The Chicago. indianapolis and Louisville
| directors declared dividend OF per cent on the
common stock. They also declared per cent on
| the preferred. regular semi annual.