New-York tribune., 1902-07-02
WALL STREET AND EXCHANGES.

about 1900 shares of which 5000 shares were
sales of United States Steel This selling was APP
parently based unfOunded reports OF frlctloh III
the companys management.
STOCK LOAN QUOTATIONS.-Loan quotations.
were: Amalgamated Copper Anaconda amer ic'li
Ice. Atchison common and preferred broohryi
Rapid Transit. Baltimore and Ohio common m
cago Terminal, Canadian Pacific, Delaware ana
Hudson, Erie common. first and second preIerIeu'
Louisville and Nashville, Manhattan, Missouri fa-
cific New-York Central. Northwestern Metropoi-
itan Street Railway. People Gas. Reading nrs'
preferred Republic Steel common and pre1erreu'
Rock Island St Paul, Southern Railway prelerIeu'
South arn Pacific Sugar. Tennessee Coal ana l'oi''
Union Pacific common and preferred Cnlteu o'a'e
Steel common and preferred United States Leathtr
preferred. Wabash preferred, Western Cnlon' 412
per cent.
ROCK ISLAND STOCK DINIDEND.-At meet
ing held yesterday the board of directors Oh '"e
Chicago Rock Island and Pacific Railway Com
pany voted distribute to the stocHholuels I.72
per cent of their holdings in new stock at par. Inc
Rock Island books will open on July ana WIN
close again July 81 stockholders OF reCoru at
that time will be entitled to this privilege Inc
stockholders the Peoria and Rock lsland ana tue
Burlington Cedar Rapids and Northern are IN
formed that the time in which they can eNchanse
their stock for Rock Island stock has oeen tA-
tended to July 10 The buyer of one huhdreu ShaIsS
of Rock Island at 175le gets with his rights H-.2
shares at a cost of S1sS0O equal to 1915 per cent
The rights work worth S}s per cent
FAILURES FOR SIX MONTHS.-Reports TO X
G; Dun & Co show commercial taiiures Iot .ne
half wear as 6I6o number with S6O3'4S0o iiani"-
ties against 5759 insovencies in the corresponding
months of 1901 involving $55S04 $50. OF TINS year
aggregate 1.41S were in manufacturing lor $-4''fV
O2O 44lO in trading for s29l5,6-2 ana "'' III o'iiei
commercial lines for S6,2S9.214 as compared win
2i5 in manufacturing last year FOR S-lo'i'of' f'l'
in traiinq for s24 S4 2O7 and eos miscellaneous with
liabilities of 80 l5 Defaults of banks and other
iduciary institutions numbered ~ win d" "
debtetiness of $l6797.763 against 40 In the CORE
,H-gl- -iT1Cg y
GENERAL CARRIAGE REORGANlHED-lh
following board of directors was elected yesterday
bv the Manhattan Transit Company: Loro minute
equerry TO the King of England; Lord Grey eN-
ccutor under Cecil RhOdess viii; Sir CharIes NV
ers Wilson chairman of the Grand Trunk railway
Companv: C. S Drummond of the London Traction
COMPANY all of London: Harold Walker, walter
G. 4. Hemming w. J. Arken, w r. Ellet'e'
Walter II Knight and James B. Brady, OF Manhat-
tan Borough. New-York. and Senator F. H. Nc
Carren of Brooklyn Borough New-York- C. D
Drummond was elected president Of the corpora
tion and w J. ArkeI chairman of the board
ATCHIS0N CROP REPORTS FAVORABLE
Atcbison officers say they have not been advised
as to any particular damage to crops by ram IN
their territory especially in Kansas. They say
that reports continue favorable. Farm work IS de-
layed somewhat, but beyond this rains have been
beneficial Traffic as a volume ts ahead OF iaSt
year.
MISSOURI PACIFIC.-The general manager of
The Missouri Pacific teIegraphs that the company
can stand the rain that has fallen. Damage re-
ports i'm sections cf river bottoms have been re-
ceived. but the benefit to upland crops far eX-
ceeds any damage which may have been done In
lowIands George p. Butler & Bro. bought about
10000 Missouri Pacific at and nelcw Ill
COPPER ENPORTS.-Fxports of copper from
the United States In June 1902. were l2.'6o tons
which compare with 9.i2S June. 1901 EN-
ports from January to June 80, 1902 were 93.s43
tons which compare with 1925 tons for the cor
responding period last year.
CURRENCY TRANSFER.-There deposited
at the Suh-Treasury yesterday tn" sum Of 10000
for transfer to New w-Orleans making $1,000 In
two days
LITTLE DAMAGE on ROCK IsLAND-Rock
Island officers say that damage TO crops by rain
has been great The business Of the road
continues good. although 1T may fall slightly un-
der last year.
NOW MEMBER OF FIRM-A H. Ruther-
ford, member Of the New-York Stock Exchange,
has been admitted member Of the firm of Taylor,
Cutting 6 Co
sEMI-ANNUAL INTEREST The Greenwich
Savings Bank the Bank for Savings and the
Franklin Savings Bank have declared semI-annual
interest at the rate OF 3i@ per cent
TRUST COMPANY OF AMERICA-The Trust
Company OF America published yesterday a state
ment OF its condition June 30 In addition
its capital Of S2.o0000 the company shows surplus
ana undivided profits Of s3o3iO5o 46. Its resources
include New-York City bonds ut cost $g.322 994 So
amount loaned on coliatcras $i2 oo5 As 50; cash on
hand and in banks. $3.50 $50 23 and various other
general DEPOSITS and deposits in trust now aGgre-
gate sl9 i72.9 .995 O5
OFFER TO INVESTORS.-N. W. Harris & Co
and offer TO investors 100000 per cent first
mortgage sinking fund gold bonds issued by the
Saginaw Valley Traction Company, of Saginaw.
Mich. Interest is payable semi annually. Febru-
airy and August |, In Boston. The Saginaw valley
Traction Company all OF the street railways
in Saginaw and the only electric railway operating
between Saginaw and Bay city. the twin cities OF
Saginaw Valley. the road serving population Of
about ninety thousand. Both of these cities
In a prosperous business condition. with excellent
prospects of future development. The net earnings
OF the company are nearly two and one-haIf times
its interest charges.
CONSOLIDATED NATIONAL BANK.-The Con-
solidated National Bank was organized yesterday
afternoon. with the following directors: Jonathan
h. Currey. president of the Metropolitan Savings
solidated Stock Exchange; George S. Hart ex-presi
dent of the Second Avenue Railroad, Willis S
Paine. eX-State Bank Superintendent: r. A. Cheese
brough, president of the Chesebrough Manufacture
ing Company; Clarence Whitman, of Clarence
Whitman & Co. drygoods commission merchants:
Edward G.. Burgess. president of the NewYork
Produce Exchange and of the International EleVat-
ing Company; Oscar l.. Richard, of c. Il. Richard
d Co, bankers, and president of the State Bank of
New York; O ID. Ashley, eX-president of the Wa
ors; George Crocker John w. Griggs, eX-AttOrney
General of the United States; j. Temple Gwathmey,
Henry c. Brewster. president of the Traders Ma
tional Bank and the Genesee Valley Trust Com
Pany M RoGhester 5 and m Perry o 6smont Sa The bank
fees will be at No. 81 Broadway.
THE c. l. AND L. PURCHASE
]. p Morgan & Co, depositaries for the Louis
VILE nd Nashville Railroad COuDauv and he