New-York tribune., 1902-05-18
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses were not
active In the local market dealing in about two
thousand shares. evenly divided on limited trans
actions American stocks in London showed a mod
crate recovery. except in the case OF Readings
which were noticeahy hea:y Cousols and the
kafiir stocks closed steady and the market in Lon
don generally was rather featureless
ATCHISON-E. 7. Ripley president of the Atch-
ison says
After careful investigation Of conditions in the
West am convinced that crop conditions are not
wheat crop viii surely amount to go per cent OF
last last ye2rs harvest and that was exceptionally
to present indications. The ground is in excellent
cause serious injury the YIELD will amount 10 rom
20 to 30 per cent more than the average II will be
remembered that we lost some IS per cent OF our
OF the California fruit crop
AMERICAN GRASS TwINE-American Grass
Twine stock was the only important strong feature
in the two hours of trading, advancing IA points
and closing at its best price People Identified with
the property stockholders increasing their
holdings. while it is understood that several prom
nent interests have been accommodating the stock
as an investment. There is rapidly growing de
mand for the company's products as evidence I'm
the expanding earnings which are now at the rate
Of per cent on the stock The company's second
regular quarterly dividend OF Ia per cent will be
paid in July. An offer made yesterday of IL
per cent cash to call American Grass Twine stock
at os in sixty days. per cent at 65 in four months
and 212 per cent 20 for the balance of the wear
AS contracts OF this kind signed by RESPONSE
hle parties the offer reflects great confidence in the
intrinsic value of the stock
KANSAS CITY SOUTHERN ACOIrIsTTrON M
NIED.-A member of the firm of Harris Gates q
Co. that to the best of his knowledge there
is absolutely no truth in the report published in a
Kansas city paper that the Moore Brothers and
John w. Gates have secured control Of the Kansas
City Southern Railway Company in the interests
of the Rock Island. through the purchase of the
stock held in Holland. He also saws that there
mas oeen considerable buying of the preferred stock
by investors of late. because they believe that in
due time 1t will be per cent stock
COMMISSIONS ON PART PAID sIyRsCRTp
TlONS.-The Stock Exchange committee on COM
missions rules that commissioners shall be charged
under Section 2 Article XXXIV OF the corstit,,
ton on the par value represented by warrants or
SUBSCRIPTION receipts for stocks bonds without
regard to the per cent instalment paid
BANK AND TRUST COMPANY TABLES
William E. Nichols & Co have complied series Of
tables which give valuable information regarding
the condition OF New-York banks and trust COM
Panies showing their relative standing in regard to
earning capacity, deposits. surplus, etc 1t is not
contended that these tables or tests comprise the
only standard of merit, but 1t is however certain
that they will prove assistance in certain lines
OF comparison and afford excellent information to
the investor and depostor.
VULCAN DEFINING COMPANY STOCK.-The
Vulcan DEFINING Company shares have again been
falrIy active in the last week. The trading in the
common shares has brought only a small s,lpply
OF STOCK and every eff buy has caused nrices
10 advance sharply 1t is understood that the ANAL
gamation was most complete all the Stockholders
stock. ~ ~
CHAIRMAN OF STOCK EXCHANGE -rbe sov-
erning committee has voted that Mcpherson Ken
heoy De reappointed chairman of the Stock Ex-
change. ~