New-York tribune., 1902-07-23
WALL STREET AND EXCHANGES

FOREIGN TRADING.-For the third successive
day London was yesterday seller in this market.
the transactions amounting about thirty five
thousand shares. New-York Central and Baltimore
and Ohio were the issues most extensively dealt in
MOST or the sales represented arbitrage operations
little long stock. apparently coming out. The
market for Yankee Rails in London showed
much strength at the close
STOCK LOAN QUOTATIONS.-Loan quotations
We're: Amalgamated Copper. Anaconda American
Ice Atchison common and preferred, Brooklyn
RAPID Transit. Baltimore and Ohio common, Chi
eago Terminal, Canadian Pacific. Delaware and
Hudson, Erie common. first and second preferred;
Louisville and Nashville. Manhattan Missouri
Pacific, NewYork Central. Northwestern Metro
poitan Street Railway. Peoples Cas- 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 common and preferred. United States Leather
preferred Wabash preferred and Western Union 3
per cent.
DIVIDENDS DECLARED-The Norfolk and
Western Railway Company has declared the regu-
lar per cent semi-annual dividend the pre-
ferred stock payable August %. The regular
sem-annual dividends of per cent each payable
on September ?, have been declared on the common
and preferred stocks of the Baltimore and Ohio
Railroad Company. The II. B. Clafn Company
has declared the regular quarterly dividend of Il,
per cent on the first preferred stock and III per
cent on the second preferred. payable on August l.
THE TOTAL OUTPUT NOT LESSENED-Re-
ferring 10 the injunction granted the AmaIga-
mated interests temporarily restraining the opera
tion of the Minnie Heaiey mine. officer of the
United Copper Company says: The output
OF the United Copper Company will not be reduced
by reason Of this injunction account of the large
ore reserves Of the Cora and Rarus mines and
that these and the other mines OF the United Cop
per Company will keep the smeters and other
operating plants Of the company fully occupied
UNITED STATES STEEL'S CURRENT EARN
INGS.-A director OF the United States Steel Cor
poraton says: Earnings FOR June and July should
aggregate $2s 10000 This increase due primarily
the heavy decrease in the OF turning
finished materials Many economies have been
effected during the last six months and just
rAaping the benefit We TO build large ad
ditons 10 plants In Chicago. and a 100000
plant is be erected in McKeesport. Penn
TIME EXTENDED ON DIsTILLING PLAN
Holders OF bonds and stocks OF the DIstiIIing
Company OF America and OF bonds OF the Ameri-
Spirits Manufacturing Company are informed
by the committee. Rudulph Ellis. chairman. that.
a majority OF both classes OF stock OF the Dis
tiiling Company Of America having been deposited
with the Mercantile Trust Company, under the
plan for the conversion OF the securities of the
Distilling Company OF America the certificates OF
deposit listed by the listing committee OF
the New-York Stock Exchange and in pursuance
OF the requirements OF said committee the time
for the deposit OF securities under the plan is
extended 70 and including August l next after
which date deposits will be received. except
under such terms as the committee may prescribe.
MICHIGAN TELEPHONE COMPANY EXTEN-
SION.-A large majority OF the consolidated mort
gage per cent bonds OF the Michigan Telephone
Company having been deposited with the Old
Colony Trust Company. Of Boston, depostary
under the bondholders' agreement dated June IS
last. the time for the deposit OF bonds has been
extended until August 5. after which no deposits
will be received. except such terms as the COM
mittee chairman William Blodgeo may prescribe.