New-York tribune., 1903-06-30
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London was a buyer IN
this market, the purchases aggregatins about 4oV'
shares principally of Union PACING. heaonls'
Atchison and Baltimore and Ohio
STOCK LOAN QUOTAT1ONS--Loan quotations
were: Amalgamated Copper, Anaconda Americah
Ice, Atchison common and preferred bFoohlS II
Rapid Transit, Baltimore and Ohio common, Jana
dian Pacific Colorado Fuel. Delaware and HIo
son Erie common first and second preferred
Louisville and Nashville Manhattan. Missouri "a
cifc New-York Central. Norfolk and western
Metropolitan Street Railway. Pennsylvania, REQ
pies Gas, Reading first preferred, ROCK Islano'
St Paul Southern Railway preferred, Southern
Pacific Sugar. Tennessee Coal and Iron, Union
Pacific common and preferred United States steer
common and preferred. United States Leather pre-
ferred Wabash preferred and Western Union IN
per cent.
ANOTHER CALL ON MoNoN SYNDICATE
J. P Morgan & Co. have called another III per cent
from the Louisville and Nashville Southern Rail-
way-Monon collateral trust bond under"ri'iiis
syndicate. making 70 per cent In all.
UNITED STATES STEEL'S RAIL ORDERS
The wall Street Journal" says; WITHIN the idse @
few days the United States Steel Corporation mas
booked additional orders for steel rails for lo4 oe
livery exceeding 50O00 tons. Thus far 1ts I90t ran
orders aggregate $4,000 tons, and by tne emu VI '
month are expected to equal half mlIlloh toh'.
MANY of the large railroads have not yet closed
their orders for next years requirements and some
of them will probably wait until the close OF the
wear Reports from the West lnd1cate thdt 'ne
Western roads ahead OF the Eastern lllies -
booking orders for next year. The Pennsyl'dilla D
order for 2O2.OD0 tons 11S,oOO of when went 10 '
ITrited States Steel Corporation, heads the list OF
Eastern orders On the basis of requirements
known and estimated, for 1904 it is stated that te
orders will call for over $OG1eOW OF steer rams
of which the Steel Corporation Will produce hot
less than S55,000,0O0
INTEREST DECLARED.-The directors OF the
Wabash Railroad Company have declared the
regular semi-annuaI interest of 3 per cent on the
debenture bonds. payable July to holderS u
record June 80
WESTERN UNION AND POSTAL.-It IS under
stood that the intention of the Postal Telegraph
and Cable Company to string its wires along the
line of the Union Pacific from Omaha TO San frah-
cisco will lead to any situation similar 10 'ne
conflict between the Pennsylvania Railroad COM
pany and the Western Union Telegraph Company
as tie projected extension by the PostaI Will not
conflict with the present contract between 'ne
Union Pacific and the Western Union
SIX MONTHS OF RAILWAY BUILD1NG-Ihe
Railway Age in an article on railway construction
in the United States since January says;
Our returns for the six months are not entirely ~
be received will not materially increase tie fo
figures which show 22l miles OF Track Id aiC bir I'm
eight States and Territories. These hguTes are arr.
for temporarv use and do not include of the
numerous interurban electric lines that have been
built in many States, some OF whch co coroeii b
Oklahoma leads all other States and IerTonie5 ldonr5
with 2C5 miles which is 81 miles less than the
figures of that State for the first six months oi
1902 The larger portion of the new work is located
in the South and Southwest athoggh there G5 Is co9 30
siderable activity in the Pacific states, WheTe ZoS
miles of new line have been completed since Janu-
ary Although the track laid this year a2 trsc iess
laving is just beginning several prominent nnes
Including the Denver, Northwestern and Paclhc
the San Pedro, Los Angeles and Salt Lake and the
Mobile Jackson and Kansas City, all al OF when IN
ronise TO make extensive additions before January
/ The Missouri Pacific and the Kansas CITY
Mexico and Orient have much grade conPieieo afd d IN
will push the work of trackaying during the Iast
half Of the year In short the mileage of roadway
made ready for the rails exceeds the lehSth oA
track laid hv many hundreds OF miles