New-York tribune., 1902-07-03
WHEAT.
WALL STREET AND EICHANGES.

! ing done in American stocks in London. but the
! bearish sentiment that excited on Tuesday in
United States Steel by rumOrs of friction between
| Mr.. Car leG,e and Mr.. Morgan not in evidence
STOCK LOAN QUOTATIONS-Loan quotations
We're: Amagamated Copper. Anaconda. American
Ice, AtchisOn common, AtChison preferred. Brook
lyn Rapid Transit Baltimore and Ohio common,
Chicago Terminal. Canadian Pacific, Delaware and
Hudson Erie common. Erie first preferred. Erie
second preferred Louisville and Nashville Man
haitian. Missouri Pacific. New-York Central, North
western Metropolitan Street Railway Peoples
Gas. Reading first preferred. Rock Island, St Paul
Southern Railway preferred. Southern Pacific,
Sugar. Tennessee Coal and Iron, Union Pacific
common. Union Pacific preferred United States
Steel common United States Steel preferred United
States Leather preferred. Wabash preferred ana
Western Union. per cent
MARKET FEATURES.-The sensation Of the
railway list the advance Of over points in
Louisville and Nashville. Various bullish rumors
spranS into existence in connection with the move
ment hut most the observers of the market
ascribed the advance to professional manipulation
The feature of most interest in the afternoon was
Sugar Refining. which the leader in point of
activity ard which enjoyed transactions much in
excess of 10 per cent of the total amount The
GumeUt used by the bulls was that the so-called
trust could acquire cheap material on the eve
Of active Of consumption of refined sugar,
owing the failure of Congress to afford legislative
relief to the Cuban planters the stock enjoyed
extreme advance OF 2s cent, but 1t subsequently
lost point. Buying that called good
advanced Amdlg1m3tcd
Colorado Fuel and Iron rose sharply ON covering of
shorts. and the United States Steel stocks were
frmer result of the publication of the financial
results OF the company's fiscal year to date.
CHICAGO AND EASTERN ILLINOIS CAPI-
TAI. INCREASE?-The Chicago and Eastern Ini-
nos Railway Company will. it is reported in Chi
caso probably increase its capital stock. Details
OF the plan have not been determined as yet but
IT is believed that the amount issued will be large
tr3cuon-perhaps 60 per cent-of the present capi-
talizaton II IS said that it is knowledge OF this
@ or any oh road % a dg is 1ms for cf the
steady buying Of the stock by insiders.
PENNSYLVANIA EARNINGS.-Gross earnings
of the Pennsylvania Railroad in May lines di-
rectly operated east of Pittsburg showed the
nous gain OF sLi99S0. Net earnings increased
as compared With the same time a Year ago lines
west Of Pittsburg increased in May sG6SoOO gross
RECORD BREAKING BALANCES.-The Clear
ing House statement yesterday showed balances of
s249i3.457 which record breaking figures. The
being on that date $2i 765sS 0 -'''' - . -''-'
b. r T. EARNINGS-May earnings OF the
Brooklyn Rapid Transit Company show a gain of
So.16S In gross and n gaio OF S65.7TT in net. For
eleven months Of the fiscal year gross earnings in
creased $7Oi2i3 and earnings decreased $77 92j
SOUTHERN PIG IRON STILL ADVANCING.
The Southern furnaces accepting orders
on the basis Of Sls at the furnace for No foundry
year This IS an advance of s. 30 a ton over the
price of month ago. Sales 10 the amount of
advance.
SECURITIES LIsTED.-The following securities
have been added TO the Stock Exchange list: Buff
falo, Rochester and Pttsburg Railway Company
$4,000 additional general mortgage per cent bonds
Of 1887; making the total amount listed $,421G0;
Wabash Railroad. 100000 additional debenture
bonds, series B. making the total listed
$26Io0,Co and the Nationa! City Bank OF New
tot AMOUNT s isFrd a'S2a 5 S'' STOCK making the
INCREASED STOCK AUTHORIZED is an
nounced that the Controller of the Currency has
capital stock from sloGoOc06 to So 10000 and the
bank is now ready 10 issue it's new stock.
MEXICAN CENTRAL RAILWAY BOND
OFFER.--Of a total issue OF 100000 collateral
trua; i've year Az per cent gold bonds, dated Feb
ruary J. 1892 of the Mexican Central Railway Com
pany, Limited S6OooOoO have heon disposed of by
private sale; subscriptions for the remaining
A@0,O0 bonds at !@i2 and accrued interest will be
York and the Mississippi Valley Trust Company. of
St louis. simultaneous issue VIII be made in
sterdam by Hope & co. The subscription list here
cosed @ De- at ' M az on july TO- TO- or or earlier Tha % right Ts G is
reserved 10 reject any application and to award
be ready for delivery on July il when payment
and accrued interest, the option or the com
pany. ON any @ssini-SnnHai sem interest day on thirty
pany, Of ST louis Is the trustee The issue gs M of
mile of constructed road. and the collateral
trust bonds are ISSUED on 10 per cent of the
company have steadily grown from s9Sl.76S in 1898
$l7 673 in 1901, and the net earnings have in
creased from SSi5.'S' to ASS668 within the same
period.
KIONDIkE GOLD PAY MENT.-Thc Suh-TrcdS-
ury yesterday paid out $25OOOO for KIoudlke gold
deposited in Seattle. This is the first payment by
the Sub-Treasury here for Klondi<e gold this sea-
INTERNATIONAL PAPER AFFAIRS.
A SUBSTANTIAL SURPLUS ASSURED. DE
SPITE LABOR TROUBLEs-AI.L CUES
TIONS NOW SATISFACTORILY SET
TLED-I.EADING INTERESTS
VISIT MILLS
Most of the directors and several of the large
stockholders of the International Paper Company
including Ogden Mills. Henry Seibert. f. w. Ber-
wind and Frederick Flower, have just returned
from n visit of inspection through all of the large
plants of the International Paper Company In
Maine. ew-Hampshire. Vermont and New York
They all expressed themselves more than salts
fled with the present condition of the company and
its outlook. The company, they find. has been in a
contest with its workmen wage matters and
union affairs. This contest has now been amicabv
settled and the company reserves the right TO en-
ploy discharge any of it's men, irrespective of
the union. The company has also been successful
OF the contested point running its mills both
the sulphite and pulp mills up to 7 o'clock Sunday
morning. This a particular contention of the
employees, that the mills should close down at mid
night Saturday. AS it is now the mills will only
Mo nday morning. NN
II is admitted by the company that the net earn,
mss Tor the last year will probably show some
slight decrease from the net earnings of Iaet
year, but to what amount IL is Impossible TO saw
az this time The decrease is due, OF course 10 the
nn Ianor troubles which this company and all other