New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-05-02
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-As the London Stock Ex-
change closed there was practically no trading
in the local market for foreign account
STOCK LOAN QUOTATIONS.-There was good
demand in the stock loan department of the Stock
Exchange for St. Paul, Sugar and Union Pacific
common. Loan quotations were: Amalgamated
Copper. Anaconda, American Ice. Atchison common
and preferred Brooklyn Rapid Transit, Baltimore
and Ohio common. Chicago Terminal. Delaware and
Hudson. Erie common, first and second preferred,
Manhattan, Missouri Pacific. New-YOrk Central.
Northwestern, Metropolitan Street Railway. PeO-
pies Gas Reading first preferred. Republic Steel
common and preferred. Rock Island st. Paul
Southern Railway preferred. Southern Pacific,
Sugar. Tennessee Coal and Iron, Union Pacific
common and preferred. United States Steel com
and preferred. United States Leather pre-
ferred. Wabash preferred. Western Union. per
cent; Colorado and Southern Louisville and Nash
VILE s.
NORTHERN PACIFIC DIvIDEND.-The divf-
dend of 1Is per cent for the quarter on the stock
of the Northern Pacific Railway Company an
nOunCed yesterday declared last tuesday. and
dividend checks were sent out payable yesterday.
This stock formerly the common stock Of the
company. and received 1 per cent quarterly II
may be recalled that the preferred stock was re-
tired on January l last. and the entire amount Of
what was formerly the common stock. excepting
few shares. is now owned by the Northern secur-
tiles Company.
CAR AND FOUNDRY'S EARNINGS-The state
ment OF the American Car and Foundry Company
caused muCn Favorable comment IN tne street.
especially the earnings for April and March. as
exclusively published in The Tribune The net
earnings in the two months named. April partly
estimated. were 81 $4,000 nearly one half OF the
dividend required for the preferred stock in the
whole year. The cOmpany's surplus now stands at
IS iOOOSs Despite the large earnings there is no
present intention the part Of the management
10 increase the dividend on the common stock The
conservative policy of the directors has naturally
created great confidence IN the preference shares.
-,
on the investment is nearer per cent
COTTON OIL--The Southern Cotton OIL Com
pany. which is controlled by the Virginia-Caroliua
Chemical Company. has operated in harmony with
the American Cotton Oil Company in the last sea-
son, with the result that both companies said
10 have made phenomenal earnings The short
corn crop in 1901 greatly reduced the yield OF hog
lard. and cOrrespondingly augmented the demand
for the cottonseed product 1t is said that in the
first seven months Of the current fiscal year the
dividend or it's preferred stock. years interest on
all its bonds and per cent on its common stock
The earnings for the entire year are estimated az
Il per cent on the common stock.
PEOPLES GAS REGULAR DIVIDEND-Ths
Peoples Gas Light and Coke Company OF Chicago.
has declared the regular quarterly dividend OF II
per cent payable on May "a Books close on May 13
and reopen on May IS For taxation purposes rep
resentatives OF the Peoples Gas Light and Coke
Company appeared in Master in Chancery Bishops
office and made reports their business for 1919.
f ]. E. Wood. auditor OF the Peoples company.
said that the gross earnings for the year ended De-
cember 81. 1900 So OO.S35: operating expenses
A441,1S6; interest on bonds, $S57,SC0 and
ings. A05S.SI4 The 1870 tax on personal property
already paid by the company is S5714S and from
this 1t is estimated the total amount be paid
the basis arranged by the court is SIS. 2H
PENNSYLVANIA INCREASED DIVIDEND
The Pennsylvania Railroad has declared a semi
annual dividend OF per cen;, an increase OF one
half OF per cent over the last preceding regular
payment. In 1855 the company paid 81 per cent.
per cent In 1854 per in $50 and lSS So per
cent in 1857. per cent in 1855 and 1859 5l per
In 1880. per cent in 1891 and 1892. ana per
since then 10 the present time with an extra divi-
dend of per cent in 1900 and 1901