New-York tribune., 1902-01-14
WALL STREET AND EXCHANGES.

EOREIGN IkADlNOT. - FOrelSn uaOlnS was
light in the local market. The London market was
Inactive and dealers had few orders. Total
dealings here were about 10000 shares, mostly
sales.
HEAVY RAILWAY EARNINGS-Despite the
large falling off in grain shipments in the last
weeks railroad earnings have generally shown
substantial gains the same time year ago.
For the first week in January of twenty-nine roads
reporting twentythree show gains of $52i 0ls. and
six losses of s43,57o. compared with the corre-
spending week last year. Grain traffic on the
roads entering Chicago smaller last week than
in any week in nine years, the decrease being due
10 the light shipments for corn and oats. All in
dcations point to continued heavy general mer-
chandse traffic. and railroad managers opti
mistic, nOtwit thstaUdinG the light grain movement
and rate cutting many roals. The car famine
is being relieved by the active delivery Of equip
ment by tho car and locomotive building COM
panies.
BANKS GAIN AIONEY.-Up to the close OF bust
ness Saturday the local banks had gained from
the sub-Treasury 551O9O. and that institution was
debtor at the Clearing House yesterday morning
for N.O525s5. The greater part Of this debit was
account of pension payments. which will show
increasing ratio Of disbursements for week or
In proportion TO the indications OF an easier
market for time money the demand for such ac-
commodation has Il tendency TO decrease Re
cepts OF currency from the interior are heavy.
GOLD EXPORT CHANCES.-There was no def
mite yesterday OF engagements OF gold for
export but it admitted IN banking circles that
moment, Cable DISPATCHES suggested the conti1-
senE oI AL" h "a 80 0j,t i ~ - az ~ tbot ,S
minimum rate Of discount OF the Bank OF England
might be reduced Thursday next.
NICKEL PLATE' DIVIDENDS.-The directors
of the New-York. Chicago and St Louis Railroad
Company will meet in this city tomorrow. for the
purpose of declaring dividends on the first and
second preferred shares. The completed financial
;; cement for 1901 will be laid before them. and
the dividend rate will be based the net earn
ings for last year The full cent will be paid
on the first preferred, and there is talk of in
creasing the rate on the second preferred from :
NOT AFTER PACIFIC COAST COMPANY.-A
representative of the Northern Securities Company
saws that there IS truth IN the report that ne
gotiations are in progress to buy the Pacific Coast
buy II with \ director of the Pacific Coast Com
sell control to the Northern Securities Company or
any one else
STANDARD ROPE AND TWINE-It is officially
stated that the interest requirements on the Stand
ard Rope and TWine per cent first mortgage
bonds have been provided for for the year 1902.
and also that the company will buy in $4,000 OF
the first mortgage bonds in accordance with the
sinking fund al ne sd coPasy Cba2 Is earn
CONSOLIDATED EXCHANGE SEATS.-A seat
on the Consolidated Exchange sold yesterday
for $500. the highest price yet paid. Edward
Carlton the buyer
ANOTHER CUT IN COPPER.-Although the
United Metals Selling Company denies having made
any change in the selling price of copper. 1t is
stated In the trade that mas taken orders at IA
cents pound, which is 3s cent below the official
price
INTERNATIONAL EXPRESS COMPANY
Stockholders of the International Express Com
pany Yesterday elected these new directors: James
J. Heiden. w. II. Burt and Spencer =. Smith.
ATLANTIC TRUST COMPANY.-At the annual
meeting yesterday of the Atlantic Trust Company
Louis w Hill OF the Great Northern Railway Com
pany elected trustee in the class of 1904. Pres
dent McCurdy of the Mutual Life Insurance Com
pany and +. NJ. Bacon, of the Atlantic Mutual In
surance Company elected To vacancies in the
class of 1867 and the other trustees of that class
reelected
PARK ROW REALTY COMPANY BONDS
The subscription books for the $2,50o 600 first
gage per twenty year gold bonds of the
Park Row Realty Company were opened at the
offices of August Belmont & Co. yesterday 10
a. m and will be closed this evening
AUTOMATIC WEIGHING MACHINE COM
PANY.-The Automatic Weighing Machine Com
pany invites subscriptions par to $S0oOOO of
preferred stock in shares of 500 each with bonus
of an equal amount of common stock The purpose
of this sale of stock is additional capital
to increase the company's plant and extend its
business. This is made necessary by a recent ac-
QUESTION by the company of the entire weighing
machine interests of the Pratt x Whitney Com
pany, of Hartford.