New-York tribune., 1903-01-09
WALL STREET AND EXCHANGES.

FOREIGN TRADINCf.-Foreig1 houses dealt in
3oo00 shares in the local market sales on balance
amounting to 10000 shares. American stocks in
London were hrmer. The Bank of England made
no change in its discount rate, while is weekly
statement showed large gain in cash holdings.
STOCK LOAN QCOTATIONS.-LOa quotations
were: AInaleamated Copper. Anaconda, American
Ice, Atchson common and preferred, Brooklyn
Rapid Transit Baltimore and Ohio common Chi
cago Terminal. Colorado Fuel. Delaware and Hud-
son, Erie common, first and second preferred
Louisville and Nashville Manhattan, Missouri Pa
cifc. New-York Central, Northwestern, Norfolk
and Western Peoples Gas. Reading first preferred,
Republic Steel common and preferred, Rock ISL
and ST. Paul. Southern Railway preferred, South
err Pacific Sugar. Tennessee Coal and Iron, Union
Pacific common. United States Steel common and
preferred United States Leather preferred. Wa
bash preferred and Western Union per cent
Union Pacific preferred, per cent.
HEAVY CORN SHIPMENTS. - Within three
davs shipping sales Of corn at Chicago have ag-
gregated about 100000 bushels. There were 100000
bushels on Wednesday. about 10000 bushels
Tuesday and 100000 bushels on Monday. There
naturally has been rush t" get the corn started
in advance of the expiration of the old through
billing. II viii now cost about n4c bushel more
TO ship under the new rate
SOUTHERN PACIFIC.-Gross earnings OF the
Southern Pacific Company in November increased
s478o2S but owing TO iucreasc of $9S439 in ope-
rating expenses net earnings decreased $i65,4ll
making from July q decrease in this item OF SSi3-
7Ol After interest charges and taxes OF S6,6So559
and betterments and additions of SS727.9lo. there
was deficit from July of s2.243 325-
ST. PAUL EXECUTIVE COMMITTEE MEET
INCy-The regular executive committee meeting of
the directors Of the Chicago. Milwaukee and St
Paul Railway Company was held yesterday after
noon After the close of the meeting it was Off
cfalIy announced that only routine business was
transacted.
SUGAR REFINING.-American Sugar Refining
stock advanced points on q large volume of busi-
ness without developments affecting the COM
pany 1t was reported however. that prominent
Standard Oil interests would be elected directors in
place of Il. o. Havemeyer and Mr.. Donner whose
terms expire. The idea that Mr.. Havemeyer might
retire was not generally credited.
ONTARIO AND WESTERN.-The effect Of
heavy coal shipments in November is reflected IN
the Ontario and Westerns earnings for that
month gross having increased $0,S41 over the cor
responding period a year ago and net SS3.8So.
ILLINOIS CENTRAL'S EARNINGS - Gross
earnings of the Illinois Central in December show
an increase Of $57 92 over the same time last year
making Il gain from July 20 Sl.io5,51l. In Novem-
her net earnings increased &S191-
APPLICATIONS TO LIST.-Thc Mechanics and
Traders Bank has applied TO the New-Gork Stock
Exchange to list $3C0.000 additional capital stock.
MERCANTILE ELECTRIC DIRECToRS.-At the
annual meeting of the Mercantile Electric Com
pany of New-York the following new directors
were elected Valentine P. Snyder. president of the
Western National Bank; w. II. Baldwin jr.. presi-
dent of the Long Island Railroad; Henry Rogers
Winthrop and w B. Bremner, of the Equitable
Life Assurance Society.
CONTINENTAL INSURANCE TRUSTEES
Henry Evans. of the Continental Insurance Com
many. and james N Wallace were elected trustees
of the Central Trust Company YESTERDAY. Mr..
Wallace Is also vlcepresldent or the central trust
Company.
BOND OFFERING-N. ". Harris & Co. are
Offering 10 investors S2JoG0 . per cent bonds.
cured by an absolute first lien the entire street
railway system of Grand Rapids, Mich. when has
a population of l00ceD.
a-h
Walker x Sons. OF New-York and Fisk & Robin
son of Boston. offer to investors, subject to sale,
1000 shares Of the Boston and Maine Railroad Com
panv common stock The dividends of this company
are payable quarterly and the stock offered Is eX
empt from taxation