New-York tribune., 1902-08-01
WHEAT.
WALL STREET AND EXCHANGES.


,n,ard If 70 600 shares mostly purchases. Trading
in American stocks in London was light although
considerable strength was shown In Union Facllc
and the soft Coaers. The general market was IN
clfned to sag off neglect, and consols Were no
tceably heavy at S5s. decline of 4 per cent Inc
hank return was not so favorable as last weeks
showing smaller proportion of reserve TO haoiil
ties and a considerable loss in bullion 1here was
no feature in money or exchange In any OF the
European centres.
CHANGE OF FRONT-'The Wall Street
Journal says that there is trustworthy evidence
that the Standard Oil people. who have expressed
doubt heretofore to the permanency or the puli
market after this summer have shifted their posi-
tion and have taken radical stand In favor Oh a
continuance of the bull market for at least an
ether year This change Is accounted for by the
crop situation
CROP CONDITIONS ON MISSOURI PACIFIC
General Manager Harding OF the Missouri Pacific
system telegraphs that abundant rains have fallen
over the Missouri Pacific lines in Arkansas en-
tireiy relieving the drouth condition there Arkan-
sas was the only State on the Missouri Pacific sys-
TEN in need OF rain. Every other portion Of the
territory showed maximum condition for all grow
ing crops The car movement of the Missouri Pa
ciac system is showing increases. and 1t Is
expected from that the system each week
Will show heavy Increases in gross and net earnings
WEEKLY CROP REPORT.-Reports from corre-
spondents OF r G. Dun & Co. in important crop
sections show continued favorable progress for
corn and prospects OF banner Weld. Winter
wheat grades low. but the yield Is good and in
Nebraska spring wheat Is being cut. with condi
tions favorable. Damage by floods in Texas TO
cotton is insignificant and a large yield is practi-
caIly assured in the Southwest. In the Atlantic
Coast States and in some parts OF Georgia and
Alabama rain is needed. but the crop is making
favorable progress. Hay harvest is still greatly
tarded by weather Oats still promise a large
yield. From Central New-York reports nu-
of blight and rot of early potatoes. but
still a good yield is promised. Tobacco in the
Lynchburg section is free from insects and weeds.
though little progress Is made on account OF the
drouth; in New-York State an average yield is
anticipated. Apples doing poorly, and hops in
New-York making very unsatisfactory prog
ress
CENTRAL PACIFIC-The sub-Treasury had
credit balance at the Clearing House Of $44.i23
which was caused by the payment by the Central
Pacific Railroad Company of A.O65,l9' being the
amount. with interest. of the note due August in
part settlement of the debt of the company to the
United States for bonds issued to aid in the con-
struction OF the road.
DENVER NORTHWESTERN AND PACIFIC
The Mercantile Trust Company. OF this city. will
trustee of the mortgage of $2oO0o.O00 about
be issued the property of the Denver. North
western and Pacific Railway Company The COM
pany of which David Fl. Moffat. of Colorado. is
the head. has already begun the construction of
d road from Denver to Salt Lake City. which will
at the latter place connect with of Senator
CarEs roads. The bonds will be offered to the
preliminaries have been arranged.
EKIE'S WESTERN PASSENGER AGENT
The Erie Railroad Company has appointed D. NJ
Bowman general Western passenger agent with
office in the Western Union Building. Chicago to
assume the duties of f. W. Buskirk assistant
general passenger agent, resigned.
EXTRA COTTON EXCHANGE HOLIDAY-Ry
vote of 75 to I. the members of the Cotton EN-
change yesterday decided close the EXCHANGE
on August 2, in honor of the coronation of King
Edward VII
COLORADO AND SOUTHERN JUNE NET
The Colorado and Southern Railway Company re-
ports for June net earnings of sl67OO an increase
o $l2. 40
PEOPLES GAS DIVIDEND.-The Peoples Gas
Light and Coke Company. of Chicago has de-
cared the regular quarterly dividend of IL nor
cent. payable August %
SEAT SOLD FOR $75OOO.-A Stock EXCHANGE |
membership was sold day or two ago for s75 o0o |
an advance or $500 over the amount obtained ar |
the last previous sale a fortnight ago a transfer
was made at $4,000. The high record price is $50 Oo
at which several seats sold last year
NEW EXCHANGE MEMBERS.-R. c. Bogv of |
Denver and E. L. Gilbert of Gilbert & Lewis this
city were yesterday elected members of the stool, |
Exchange
AUGUST DISBURSEMENTS The Daily Stock
holder to-day VIII say: Interest is due to-day on
bonds having par value of S971 s6 245 and amounts
TO $1S52l42 against s1i482191 last year s1s 2 2sl
in 1900, $2,5465l in 1899 ss 43S 366 in 1895 Dvi
dends payable stocks having a mar vaIra of |
S,572@21S, and aggregate s37.C76, sos against ss2
26 last S21974301 in 1900 $7 $50 O7e in 800
and sl9Ssi64l IN 1898. Interest and dividend pay
ments combined make total of $55 597 sls as COM
pared with $479sS.405 last year s351 1S5 ss5 in 1aoo
$50 24t62o in 1899 and s24, ,Ssi 222 in 1898
BIG ORDERS AHEAD FOR PIG IRON |
Rogers. Brown & Co. in their weekly market re-
port say:
The feature S d Of the iron markets the last week