New-York tribune., 1902-05-11
WALL STREET AND EXCHANGES

FOREIGN TRADING Foreign houses not
active In the local market dealing in only few
thousand shares. In London American shares were
quiet.
BROOKLYN RAPID TRANSIT EARNINGS
The February statement Of the Brooklyn Rapid
Transit Company first glance does not compare
iavorahIy with the figures ~ the preceding months
but as February IS "a short month, and there
were several heavy storms IN the month. which. Of
course. decreases gross earnings and largely in
crcascs operating expenses the statement for Feb
ru3ry does not make specially poor exhibit in
comparison with the three months next preceding
As the gross earnings averaged $50 IA day at the
same rate for month Of thirty-one days. the
same as for December and January the gross earn
uEs would have been S92322 larger. making the
total Tor the month S9i5.0ls which IS only about
Si500 less than for January and November. Not
only were there only twenty-eght days in Feb
ruary. but there two legal holidays. when
business was pretty generally suspended In both
Manhattan and Brooklyn The month also con
talned four Sundays and during this midwinter
month the Sunday traffic falls far below that
of the weekday business
ATCHISON CROPS.-Atchson reports that the
weather in the last week has been most favorable
for the crops over the whole OF Kansas and Okla
homa The heavy rains started or Saturday. and
continued with hardly any intermissiou TIL Tues
day night. There is now abundant moisture TO In
sure that the growing crops will not suffer from
drouth for several weeks, even II no more rain
comes in the mean time. In some parts OF Kansas
the winter wheat crop was killed patches and
these sections now being ploughed to toe seeded
to
NEW-ORLEANs TRACTION CONsOLIDA-
TION.-The Ncw-York Security and Trust Com
pany is syndicate manager of the consolidation
of the street railways OF New-Orleans The new
company will have 100000 fifty year AZ per
cent sinking fund bonds 100000 per cent cumu-
Iative preferred stock and CO0O0O common stock
Holders of Orleans city Railroad preferred
stock sell for ll2I, cash. the common for 81:
New-Orleans Carrolton Light and Power preferred
stock l05 and the common stock at 95; Orleans
Railroad stock at 100; New-Oreans Gas Light
stock at l25; New-Orleans Lighting stock at 60 and
bonds a 10 The Newt Orleans Railway Com
pany bonds be sold 105. All the securities,
however, can be exchanged more favorable
terms into the securities of the consolidated com
pany. Estimating the value Of the bonds
al par the preferred stock at 60 and the common
stock at l5 the offer of exchange is about II per
cent preferable TO the offer in cash
NORFOLK AND Observation-Disclosures has
been made TO the Stock Exchange to list Norfolk
and Western Pocahontas joint bonds S2OOOOO0O gold
per cent joint bonds Pocahontas coal lands pur-
chase money first mortgage OF 1871.
MOVEMENT OF MONEY 1t is thought that
the money market will get relief from mer-
camille remttances from interior banks. 4 year
ago the banks gained on the account 100000
in the week ended May is.
ROCK ISLAND GETS \ 1000 CONTRACT
A contract for the transportation of United States
naval forces. equipment ana supplies the
continent has been awarded to the Chicago. Rock
Island and Pacific Railway Company for one year
The Chicago and Northwestern Railway was
bidder for this service The contract is said to be
worth 5000 000. The carrying roads between the
Atlantic and the Pacific will now be the Chesa-
peake and Ohio the big Four the Rock Island
the Denver and Rio Grande and the Southern Pa
chc
TO VOTE ON RAILWAY CONSOLIDATION
PLAN.-The stockholders of the South Carolina
and Georgia Railroad Company will hold a special
meeting at Charleston. s G.. on June y to take
action on "A proposed joint agreement for the con
solidation Of the capital stocks franchises and
properties Of the Asheville and Spartauburg Rail-
road Company, the South Carolina and Georgia
Railroad Company the South Carolina and Georgia
ENtenslon Railroad Company Carona
Midland railway Company, entered into by the
directors OF the several corporations.
STOCK EXCHANGE RULINGS-The committee
on securities rules that and after Nav 10 1902
contracts Tor Mexican National Railroad Company
Speyer q Co certificates of deposit for voting trs-
tees ceruhcates for capital stock 6 per cent hrst
mortgage prior lien gold 1927 bonds per cent seq
ond mortgage Series "A" 1917 bonds per cent SEQ
ond mortgage Series "R" 1917 bonds 6 cont In
come 1885, ponds, may he satisfied either bv a de-
livery OF the certificates their equivalent I'm the
NJ securlteS OF the National Railroad Company
OF Mexico The equivalent must be i'm lots OF Sc
post Tot ol1 stock for so COO old bonds Trans
actions IN National Railroad Company of Mexico
securities must be settled by delivery OF the
curltles ISSUED by said company. The Committee on
securities rules that all transactions made in the