New-York tribune., 1902-05-27
BONDS.
WALL STREET AND EXCHANGES.

5000 shares in the local market mostly sales. The
attention of the London market was concentrated
upon consols. which made further advance of Is
per cent to 96R, and on Kaffr stocks, which were
very strong. American stocks were consequently
neglected and in most cases quOtably below parity,
although prices were almost nominal The Cabinet
meeting to-day and the expected announcement in
Parliament afterward, together with reports from
South Africa indicating the probable acceptance
Of the British terms by the Beers, were the prin-
cpal topics of interest. There no feature in
money exchange in any of the European centres.
STOCK LOAN QUOTATIONs.-Loan quotations
were: Amalgamated Copper. Anaconda, 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-YOrk Central, Northwestern,
Northern Pacific preferred, Peoples Gas, Reading
first preferred. Republic Steel common and pre-
ferred Rock Island. ST. Paul. Southern Railway
preferred, Southern Pacific, Sugar Refining, Ten
nessee Coal and Iron Union Pacific common and
preferred, United States Steel common and pre-
ferred United States Leather preferred, Wabash
preferred and Western Union. 3l2 per cent.
CAR BUILDING SHARES UP.-Buying of
American Car and Foundry and Pressed Steel Car
issues was accompanied by report of a con-
sodation of the two concerns. 1t was also re-
ported that the dividend Car and Foundry
common would be increased. Both reports were
without foundation. Although earnings far
above current dividend requirements 1t is thought
that per cent annually is all that the common
stock is entitled al present. At current prices
the preferred is relatively cheaper than the COM
mon and, of course, much more valuable from an
investment point of view. The preferred is be-
coming widely distributed among investors.
CHICAGO GREAT WESTERN.-An officer of
the Chicago Great Western says that the com
pany's earnings large. and the prosperous
conditions prevailing in the roads territory fore
shadow heavy traffic receipts for a long time to
come. General merchandise continues to move in
great volume. more of ii being handled than ever
before in the history of the road. The tendency
of this traffic is to increase rather than diminish.
Large amounts of money being spent on the
property from earnings and charged to operating
account.
FULLER CONSTRUCTION COMPANY.-The
dealings in the issues OF the Fuller Construction
Company. which listed on the Stock EX-
change last week. have been characterized by
marked strength particularly in the common
stock. which advanced nearly ten points The
value of this issue, which represents goodwill
tools machinery and other properties not readily
convertible into cash depends largely upon the
continued success OF the business The preferred
stock. however. has an intrinsic valre represented
by securities. contracts and other assets readily
convertible into cash. amounting to 2150.O0 and
the remaining 100000 OF the issue represents
cash paid in for the conduct OF the business. The
preferred stock has first lien upon the assets
OF the company as well first claim for divi-
dends based upon the company's earnings
PECTS.-Snce the declaration Of increased divi-
dend upon Virginia Carolina Chemical common
more complete figures Of earnings have been made
up. which show that the profits OF the company
for the ten and half months ended April 30
were $4,000. The dividend for the year upon
the preferred stock calls for $95Op0 leaving
balance OF $4,000, which IS equal to si7 cent
upon the SIS 10000 OF common stock, of which
$4,000 600 not issued until the beginning of the
last half Of the fiscal year.
REPUBLIC IRON AND STEEL DIVIDEND |
The directors Of the Republic Iron and Steel Com
pany declared the regular quarterly dividend
Of u. per cent upon the preferred stock payable
July / Books close June Is and reopen on July
!. George \. Baird has been elected a member OF
the board in place OF William Nelson Page re-
signed
WABASH EARNINGS Earnings OF the Wabash
system for the third week May increased s222lS
over the same time year ago. From July gross
earnings have increased N733.ls7
ERIE'S BIG EARNINGS Earnings OF the Erie |
Railroad I'm April showed a gain In gross Of $3.50 22s
and n gain In net Of S57oll3 over the same month |
last year From July gross earnings have in
creased s24I7OI3. and net earnings. 81 932
EQUITABLE NATIONAL BANK-The organi- |
zation Of the Equitable National Bank Is an
nounced as completed with Cornelius Van Cott |
president and John Carroway. cashier. Charles f.
Lambert and w. G. McAdoo members of the |
board Of directors The bank will have capital |
of 100000 will be opened tomorrow at No |
sos Broadway.
syIvania and Mahonng Valley Railway Company |
has acquired five street railway properties In the |
Valley. including the local lines in |
Ohio, and New Castle. Penn This |
makes a complete local and nterurban system con- |
trolling about ninety miles Of track. The COM |
pany has also acquired the electric light and gas
in New Castle and has authorized 81 |
$50 900 . per cent first and refuudug mortgage |
bonds of which s75OOOO set aside to retire di-
visional liens on the New Castle properties. and |
the balance. 81 100000 have been sold n. w. |
Harris & Co, bankers. of New-York. Chicago and |
Boston.
CHICAGO STOCKS