New-York tribune., 1902-12-31
CHIEF INCIDENTS IN WALL STREET.
a7a UnfaUorah Factors Of the 17oee onh Nor Passed.
<4nnuai Financial Statistics.

from s5ooOco to s1,O0oOoo; the Liberty Nao Ma
tional Bank increased its capital from S.ep'p"
to S1.te0ooo, and added Sler.Uph to It's
! surplus; the New-Amsterdam National BANK
increased its pital from S2.6op to Soop-
ooo. the National Bank Of North AmeIsGa an es16
increased its capital from S1.eo.opo to aZbD-
eo0. and the Seventh National increased its car
ital from 81 .500a0 to S2.5oO,sn New banks
formed in the year the Consolidated Ma
tional the Thirty fourth Street National and the
Northern National. The Chemical Bank earned
2!j6 per cent its small capitalization IN lne
year to November % but the heaviest actuai
net profits were made by the First National and
National City banks Local State banks galned
% per cent in net profits in the year; co,,p IN o.
among State banks the Bank of the Metroponlats
increased its apital from S:}to.bo to Sl."t''p'
the Corn Exchange Bank increased its capltaI
from 81 400 0s0 to s. 100000 the jefferson Bank
doubled its capital to S4oO.oNt the Mechaiii'S
ard Traders Bank added S3o00S to its capl.a
the Oriental Bank increased its capitalization
from $500 600 to StiO00I0. the Eleventh WARD
Bank ceased to exist, the Empire State BANK
merged with the Empire State Trust company,
the Union Square Bank became branch of the
Corn Exchange Bank and the Royal Bank ne,
gan business. 1t is said that consollda'loh VI
the National Broadway. Seventh Natlonal alid
Mercantile National banks will soon he effected
under the name of the Mercantile National. and
with capital and surplus of Slo.oooW-
MOVEMENT OF GOLD.-Gold exports from
New-York in the year amounted TO S29'oZ'''''4o'
against S53 757. .0S7 in the preceding year I'M
,,orts of gold at this centre amounted to only
81 ass OOS against So 025. $50 in 1901, but re
ceipts of gold at San Francisco from Australia
and receipts from the Klondi1e were moderately
heavy. The first important gold shipment OF the
wear was made in the second week in februarH'
when 81 293 514 went out. followed by SSo4oJoI
in the first week in March and sSol iooo IL. lng
second week In the second week in April
So 49,. $50 was exported, but there were no tur-
ther large shipments until the end or July. Wheh
s. 651 l24 was taken for export The last Euro
S17i irT11a nj
week of August, S4,S11.22S going TO Paris. IN
the first two weeks of December S2,NH,to was
sent to South America. 1t was only owing 10
the skill and active efforts of leading New-1ork
ba mixers that heavy gold shipments were nor
made in the fall, actual conditions favoring an
outward movement. The position OF the New
York money market such that an outward
movement of gold might have caused serious
disturbance here, and TO the men who so ably
handled the situation and prevented panlckF
conditions too much praise cannot be gwen
The situation has improved to such an eH-
tent that gold exports may he undertaken later
on without apprehension of unfaVorapie results.
In the new year exports of our staple products
will he heavy, and large gold exports II any
are not expected. Much of this country IoT-
eign Indebtedness has been Hquidated. At one
time in the year this country was in debt abroad
to the amount of SlJo.ooorp
IMPORTANT DEALS.-The leading deals
fin the year we're the formation of the Tnterna-
tional Merca ntile Marine Company, and of the
United States -Shipbuilding Company. the acqui-
sition by the Atlantic Coast Line of the Louis
VILE and, Nashville Railroad, passing of control
of the Rock Island the Moore Brothers and
the subsequent reorganization of the property.
the purchase of the St Louis. Kansas City and
Colorado Railroad by the Rock Island, the deal
by which the Chicago and Eastern Illinois
passed to the control of the St Louis and San
Francisco Railroad. the purchase by Gould in
terests of the Western Maryland and West Nir-
ginia Central and Pittsburg, by which the Wa
bash and the entire Gould system reaches tide
water at Baltimore, the purchase by the Allan
tic Coast Line of the Plant system of railroads
end of the tobacco war and formation OF an
international corporation. passing of control of
Ann Arbor and Detroit and Mackinac railroads
to the Goulds. entrance of Gould interests into
the Kansas City, Mexico and Orient Railroad |
purchase of the control of the Pere Marquette
by Western syndicate. formation OF a S65,oH.
ts1 lead combination tfinal plans not yet COM
pletedl the transfer Of the controlling interest |
in the Colorado and Southern Railroad to Edwin |
Hawley and associates, the forma ton Of the |
Metropolitan Securities Company. the lease by
the Interborough Company of the Manhattan
Railway. the purchase by the Louisville and
Nashville and the Southern Railway of the con
troll of the Chicago, Indianapolis and Louisville
and the purchase by Eastern interests
of the street railway system in San Francisco
involving domestic exchange operations of $40
100000.
STOCK TRANSACTIONS in stocks
in the year were well under the record of 1901
when 263 500oo0 shares were traded in. In
under 1s7.0Oo,ooo shares. In 1902 the heaviest
single full days dealings April H. when
1908 shares dealt in. against the high
record of 1901 of a19441S shares. The Iightest
single full days dealings We're June q
1882 shares. For a Saturday the heaviest
dealings were 612.ugI shares November g.
and the lightest 55,S7S shares on June Z. Deal
ings in April amounted to 26.690. 100 shares
against 2,1iS,4 ,4oS shares in the same month in
1901. April II the heaviest day in bonds
trading to the par value of Sf.62S. 900 being
ported. April the heaviest month In bond
dealings. total sales representing I'm par value
800 in March. Total dealings I'm Union Pacific
stock in the year were heavier than in any
other stock the list. aggregat ting 10000 900
shares. Dealings in Reading in the first part of
the year were heavy. and it generally be-
lieved that control had passed to Pennsylvania
and NeW-York Central interests. The lightest
dealings of the year were in United Railroad of
New-Jersey stock, amounting to ten shares at
q price of 80
NOTABLE STOCK MOVEMENTS. most
nota BILE decline the Stock Exchange in the
year suffered by International Power which
declined from 199 in April 10 in December
4 loss of 80 points This issue, Rutland pre-
ferred and several issues on the curb went
down in the Webb: Meyer crash in May Rut-
land preferred sold at 10 in April and at 641h
in December. Chicago and Eastern Illinois rose
from 1342 in January to 22O&4 in July gain
of Sc points. Chicago and Northwestern rose
from 2o41s in January to 271 in April gain
of COS points. From January TO September
Rock Island gained 54 points and Louisville and
Nashville otE points. Baltimore and Ohio lost
257s points from September 10 to December II
and Delaware, Lackawanna and Western Sc
points from February TO November. In the in
dustrial list Adams Express gained ~ points
from July to October, American Express 81
points from January to August, United States
Express Do points from January August and
Wells Fargo 40 points in the same time Anal
gamated Copper declined from 20 in February
to 5} in November American Bicycle preferred
Ayarif TO neao