New-York tribune., 1902-07-22
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London a seller In
this market to the extent OF nearly sixty thousand
shares The principal sales were of the Grangers.
Baltimore and Ohio and Pennsylvania. The Lon
don market disturbed by the reported embar-
rassment of important brokerage house Identified
with Kaffr issues.
STOCK LOAN QUOTATIONs.-Loan quotations
were: Amalgamated Copper. Anaconda, American
Ice. Atchison common and preferred. Brooklyn
Rapid Transit Baltimore and Ohio common. Chi
cego Terminal. Canadian Pacific Delaware and
Hudson. Erie common. first and second preferred,
Louisville and Nashville. Manhattan. Missouri Pa
ciic New-York Central, Northwestern Metropol-
itan Street Railway. Peoples Gas. Reading first
preferred Republic Steel common and preferred,
Rock Island st. Paul. Southern Pacific, Southern
Railway preferred 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, per cent
a BRITISH VIEW OF AMERICAN COND1-
TIONS.-'The Statist." of London. in discussing
conditions In the United States, says; The faVor-
able condition OF the American crops renders the
continuance of very active state OF trade In the
United States least another year practically
certain. American farmers likely to be ex-
tremcly prosperous In the coming year and the
high level of railway earnings and profits may
consequently be maintained and may possibly De
increased Under these circumstances Increased
activity In the American railway market Is prop
able"
NO HITCH IN MEXICAN CEN lRAi1-1h piOih
interest in the Mexican Central Railway COM
pnny says that there Is truth In the report that
there has been hitch In tn" proposed plan Tor
the reorganization Of the companys securities
ON the other hand II is stated positively that the
plan will gu through
TIME FOR DEPOSIT EXTENDED.-toiderso or
bonds and stocks Of the Distiing company OF
America and OF bonds Of the American splil'S
Manufacturing Company are informed by tho
committee. Rudolph Ellis, chairman that ma
iofity q both classes Of stock OF the bistlilIis
Compsny Of America having been deposited with
the Mercantile Trust Company under the plan Tor
the conversion Of tie securities Of the Distillhs
Company OF America. the ceftlh'ht"h Oh "'P'n''
were listed by the listing committee OF the 'e"-
York stock Exchange. AMI In puTsuan'" oi 'he r.
qutrements 81 that committee the une TOT "'7
deposit Of securities under the plan Is extended 10
ana Including August J. after which date no
deposits Will be received except upon su'h 'e''''
as the committee may prescribe
DIVIDENDS DECLARED. The German amer
team rank has declared a dividend Of per cent.
-. ~, August The Pullman Company has
declared the regular quarterly dividend OF u
share payable on August %. -
HAMILTON BANKS BRANCH-The Hamilton
Bank is to establish n branch al one-hundred- anu
thirty-nfth-st. and seventh-ave
ROCHESTER, ELECTRIC BONDs-N- W Har-
ris a co orer 20 Investors ~ lU and interest
tss1 90 First Mortgage forty-year ~ per cent
gold bonds OF the Municipal Gas and Electric com
pany Of Rochester. n Y. principal ana interest
guaranteed by theRochester Gas and Electric Com
pany and optional any interest payment cate
on and after April l. 1912 at lo2i1 and interest.
The Rochester Gas and Electric Company has ac-
qured all the property. franchises. etS-. OF the
Municipal Gas and Electric Company and has
assumed and guaranteed the payment Of the prin-
clpal and interest OF its bonds For several years
the company has paid dividends at the rate OF
per cent both common and preferred shares.
and according TO local quotations on the stoe KS
the market value Of the equity Is over A.ooOn
The Rochester Gas and Electric Company now
controls tho entire gas and electric business OF
Rochester operating under franchises unlimited as
TO time Within the city limits OF Rochester the
Genesee River has n fall Of about two hundred and
sixty feet and about ~ per cent of this water
power is owned by the Rochester Gas and Electric
Company.