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


FOREIGN TRADING--Foreign houses dealt =,
5000 shares in the local market selling on balance
In London the decidedly favorable reports regardny
the health of King Edward were reflected in a3x
tinct Improvement in the securities markets gen
orally. Americans were up and South Africans
advanced Is to 4 per cent Owing to active de-
mand In London as well as in the provinces. monav
is firm at that centre. and leading bankers exnac.
that present rates will be well maintained through
out the autumn.
STOCK LOAN QUOTATIONS.-Loan quotation.
were: AmaIgamated Copper. Anaconda Americas,
Ice. Atchison and preferred BROOKLYN
Rapid Transit Baltimore and Ohio Chicago Ter
minal. Colorado and Southern. Delaware and Eud-
son. Erie common. first and second preferred: Lou
isville and Nashville. Manhattan. Missouri Pacific
New-York Central. Northwestern. Northern Pa
cihc preferred Peoples Gas Reading first pra
ferred. Republic Steel common and preferred
Rock Island. ST Paul. Southern Railway preferred
Southern Pacific. 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. 2&sn3 per
HOOKING vALLEY-"The Wall Street Journal,
says that people who are likely be well informed
of Hooking Valley affairs say that the advance
in the common stock should be no mystery and
certainly should give rise to far fetched deal
where there is obvious explanation at
hand Under the laws of the State OF Ohio the "a
ito of bonded Indebtedness to fixed charges is dea-
retire the preferred stock by a bond issue. II is
however. as the market shows. easy TO advance the
common such figure that rights at par would
be attractive and the common stockholders are
entitled retire the preferred whenever they
fit there is very little doubt that this is at least
one explanation of the movement
THE COST OF LTVINCi.-Dun's index number
of commodity prices prOpOrtioned TO consumption
s1001T August 1. decline Of S173 in the
month of July. Compared with the price level a
hovr still arfD aIva
of about per cent. In a record Of prices where
due regard is given the relative Importance OF
each article. II Is natural that conclusion OF specu
lative manipulation in wheat and corn affects the
figures largely for these cereals heavily con-
sumed. Abnormal quotations continue for oats
partly onsetting the decline in the no- prominent
grains while meats also stubbornly held. Lib
eral offerings Of potatoes and other garden prod
ucts caused a sharp decline IN that division. de-
spite the steadiness of butter and eggs A mod
crate advance in metals was due 70 the pressure
for steel and the scarcity of fuel
BURLINGTON. CEDAR RAPIDS AND
NORTHERN SALE-The stockholders protective
committee Of the Burlington Cedar Rapids and
Northern. formed about a month ago 10 look after
the interests OF the minority shareholders an
nounces that II has practically completed an ar
rangement whereby the stockholders will receive
Immediately s220 share in cash Tor their holdings
1t expected that funds required for the pay
ment Of the stock Will be available August TO-
4 COLORADO o
| the Colorado and Southern continue TO increase
and officers OF the road confid-nt that this
years results Will largely exceed last years good
| record. For the las week in July gloss earnings
were S1330Ss. gain Of s.702 over the same week
a year ago. making for the month a gain OF S27 R9
| For the fiscal year the company showed net
| earnings Of s5as.os2. gain of S24s30s. The
pany's gain in business in the year is reflected in
an increase in gross earnings Of s7s5.677.
| MISSOURI PACIFIC.-The decline in Missouri
| Pacific due 10 realizing sales. 1t was thought
| that Mr. Gates had sold large amount Of the
| stock buying in its place Texas and Pacific Mr..
! Gates announced himself bull Texas an;
| Pacific.
| SHOWS ESTIMATES.-It was reported on the
| Produce Exchange tnat Snow had made the fol-
! lowing estimates for August: 100000 bushels Of
! whsat 2SsoON0ooo bushels of corn and $50 O00l
| bushels of
| THE ADVANCE IN NATIONAL LEAD.-It I.
said that the buying OF National Lead stocks which
| began Wednesday and continued yesterday resJ
Ing in advance OF several points in those iss Il
Is based the belief that the National Lead q q
| pany is about TO become identified with the my
| lead combination. which was announced in the
process OF formation in May.
! ILLINOIS CENTRAL earnings OF the Illinois
Central in June increased IN gross $3.50 So and in
| s215. .692 the month in 1891. For the
| fiscal year gross earnings were $4Os2l.0cO gain
of s3 go $40. and earnings 81. 2.S6690. gain Of
| Sl.T4S022.
! THE READING DINlDEND--At the Office OF ].
| P. Morgan & Co. it was said yesterday that
| tion regarding a dividend the first preferred
| stock Of the Reading had yet been considered
The general impression in the Street is tnat moth
ing will be done in this matter. probably until the
end of the anthracite coal strike and positively
before Mr.. MOrgans return toward the end of this
! month
| SECURITIES LISTED.-Lake Shore and Nichi-
| gan Southern Railway additional 31a per cent one
hundred year mortgage coupon bonds OF Is97 to the
! amount OF S701 900 have been listed on the Stock
| Exchange.
No. 40 Broadway. has been elected a member Of the
Stock Exchange. taking the seat of l. :. Hoy-. who
recently died
| DIVIDEND DECLARED.-The Bond and Mort
gage Guarantee Company. of No. 1I5 Rensen-st,
Brooklyn, announces quarterly dividend "a per
|