New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-19


FOREIGN TRADING. - The transactions for
London account in this market did not amount to
more than 10000 shares and balance 10 prac-
ticany nothing The early quotations for Amer
lean railway shares in the London market were
generally higher. AS the day developed they ruled
ing and closed heavy and dull the curb. The
Continental bourses were weak The Bank of
England sold 10000 gold to Alexandria Egypt.
STOCK LOAN QUOTATIONS. - AmaIgamated
Copper. Anaconda. American Ice. Atchson COM
mon and preferred Brooklyn Rapid Transit. Balti
more and Ohio. Chicago Terminal. Az per cent;
Colorado Fuel and Iron. = cent premium; Della
ware and Hudson Erie common. FIRST and second
preferred; Louisville and Nashville. Manhattan.
Missouri Pacific. New-York Central Northwest
ern Norfolk and Western. Peoples Gas, Reading
first preferred. Republic Steel common and pre-
ferred Rock Island. ST Paul Southern Railway
preferred. Southern Pacific. Sugar. Tennessee Coal
and Iron. Union Pacific common and preferred.
United States common and preferred United States
Leather. Wabash preferred Western Union, f1
per cent
MONEY TRANSFERS-In spite of the
what sensational reports that have been circulated
from time time that large sums OF money would
required from this centre TO move the crops this
fall. the opinion has been expressed in we'll in
formed circles all along that the strong position
Of Western financial institutions would result in
a considerably smaller amount being transferred
than usual. In view Of this information it was
not surprising learn yesterday that $4,000 had
been paid nv the local Suh-Treasury to the banks
In this city, teleEraphc transfer from san
Francisco. \ prominent financial institution in
this city received private information from San
Francisco yesterday that the recent requests from
New-York for money to he transferred 10 san
Francisco. for the purpose Of moving large
fruit crop. and to pay taxes that had fallen due.
The same house received private telegraphc
dispatches from their correspondents in Canada,
which stated that the demands for money in that
centre had been ny banks whose fiscal year closes
at the end of this month. and who are DESTROYS
Of making a strong financial showing by holding a
large amount Of cash The gain by the banks by
the transfer from San Francisco 10 this centre
was cut down somewhat by the deposit at the Sub
Treasury $4,000 and 100000 for transfer to san
Francisco and New-Oresns respectively.
ELECTION or OFFICERS.-Ste Little. the
expert accountant who has been the auditor of the
Denver and Rio Grande Railroad for several years
has been elected secretary of that company. and
also of the Rio Grande Western Railway. The re-
firing board of directors of the New-YOrk Dock
Company with the exception Of Edwin r. Thorne
who succeeds. Leonard Lewisohn, deceased. was
reelected the annual meeting of the stockhold-
ers yesterday.
DIVIDEND DECLARATIONS Chicago In
danapolis and Louisville Railroad Company has de-
clared the regular semi-annual dividend of per
cent on its preferred stock payable December s.
Books close November - and reopen December s.
As a large majority of this stock is now owned
Jointly by the Southern Hallway ana the LOUISVILLE
and Nashville the dividend declarations are not
Of special public interest. except giving some
idea the miscellaneous income of the controlling
companies. The United States Reduction and Re
filming Company has declared thesregular quarterly
dividends of IL per it's preferred stock and
! per cent on it's common stock, payable January l.
Books close December 20 and reopen January 2
GLOVER LEAF DEAL DENIED.-From time
time during the last several months II has been
reported in Western dispatches that the Grand
TlaVT
way companies were negotiating to take over the
Toledo Shore Line. road originally intended to he
operated by electricity but later equipped for both
steam and electrical power. Yesterday Toledo ad-
vices said the deal had been closed. and that
the Grand Trunk and Glover Leaf would guar
antee a bond issue of $2OO0OO0 the proceeds Of
which would be used in the acquisition of the To-
ledo Shore Line. At the local office of the Glover
Leaf IL positively stated that there moth
ing in the report so far that road concerned
ST LOUIS AND SAN FRANCISCO.-The man
agement of the St. Louis and San Francisco Rail
road Company is ambitious. In the last year sew
eral important acquisitions have been made. and
the company is apparently strengthening it's posi-
ton at every important centre where its lines
touch. The announcement is now made that IL has
concluded the details for the purchase of the St
Louis Memphis and Southeastern Railroad by the
execution of collateral trust agreement. under
which its collateral trust notes have been issued
for "a 600 The Eastern Trust Company of New
York is trustee under the agreement
SUGAR PRICES ADVANCED.-Iast week the
Street received several announcements of reduc-
lions in the prices OF refined sugars by all the com
panies i'm the trade. II reported that bitter
price war was on between the principal beet sugar
and cane sugar interests. and that the price OF
American Sugar Refining stock was likely to 20
TO par. Yesterday the Street was somewhat sur
prised to hear that all the leading refiners had adj
vanced prices 10 points for refined grades II is
stated in the trade that the demand is fairly good
and that the situation in the raw sugar market is
still firm one. with holders asking higher prices
than those quoted. and with rehners apparently
willing 10 take liberal amounts of sugar at the
quoted rates The first consignment of beet sugar
from California consisting of $500 bags was re-
ceived in this city yesterday. The selling agents
representing the American Beet Sugar Company