New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
5000 shares IN the local market mostly sales.
Although American stocks In London showed a
generally lower range Of prices. the volume Of
transactions was small and the movements had
very little significance. The Bank Of England rate
was unchanged. and the return not strong
one the proportion Of reserve to liabilities
shown was lower than last week, and there a
substantial loss Of bullion the week. Money
was dearer in the open discount market in London
Bar silver was noticeably weak, and at 225sd
touched the lowest figure yet recorded.
ROCK ISLANDS PROSPECTS.-The Moore
Brothers say that they TO give their undi-
vided attention to the extending and the upbuilding
Of the Rock Island property. They intend 10 make
Il Of the great systems OF the country, and
they have some far reaching plans in contempa-
ton. William r. Leeds and r. c. Frick also
directors OF the company. and II is now intended
To elect an important new interest who IS asso
ciated with the Union Pacific
LACKAWANNA'S SURPLUS.-Officers OF the
Delaware. Lackawanna and Western Railroad
Company say. with reference 10 reports Of dis
Cnvcry by tho directors OF the company that the
strike losses have been sufficient to wipe out the
companys surplus, that while the losses sustained
have obviously been large. such reports and
sumptons are exaggerated A large holder Of
Iackawanua says that he has not the slightest
doubt Of the declaration OF the regular quarterly
dividend Of ia per cent on Lackawanua on the
last Friday IN December. The LackaVanna sur
plus on the operations OF the year ended December
SUGAR ADVANCED AT MISSOURI RIVER
PoINrS.-The American Sugar Refining Company
has advanced the price OF graduated sugar in the
Missouri River district % points 46Oc The with
drawal OF the large part OF the beet sugar from
the market and tho elimination to a large extent
OF the competition from that source are said to have
been responsible for the advance The move is re
Earded In sugar circles to he indicative OF a prac
teal ending Of the so-called rate war between the
cane and beet sugar interests.
AMERICAN LOCOMOTIVE Tho Ar,ortc,, 7
connective Company has orders on its books NJ
present than at any time in the history Of the
concern.
COFFIN AND MACKAY EI.ECTED-C COT
nm president OF the General Electric Company and
clarence H. Mackay. president OF the Commercial
cable Company. were yesterday elected directors
or the United States Mortgage and Trust COMPANY
II. r. WINTHROP A DIRECTOR.-Henry Rogers
Winthrop Of the Equitable Life Assurance Society
was yesterday elected a director of the Commercial
Trust Company of Philadelphia.
BOSTON AND MAINE DIVIDEND-The direct
ors Of the Boston and Maine Railroad have de-
clared regular quarterly dividend of 10. per cent
on common stock payable January /
NEW STOCK EXCHANGE MEMBER-Harr,
F. Louchheim of the firm Of II. f. Louchheim &
Co. of Philadelphia, yesterday elected men,
Der of the NewYork Stock Exchange
ADOLPH LEWISOHN MADE PRESIDENT
Adolph Lewisohn has been elected president of the
United Metals Selling Company. of which he has
heretofore been treasurer.