New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-12
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt in
10000 shares in the local market, all sales. The
mining stocks the feature of the London
market and showed considerably more strength and
activity local and Continental buying for the
new account. Consols at 911s showed improve
ment OF Il per cent and the copper stocks were
firm. There feature in money or exchange
IN any of the European centres.
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamated Copper, Anaconda American
Ice Atchison common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio Colorado Fuel,
Delaware and Hudson. Erie common. first and sec
ond preferred, Louisville and Nashville, Manhat-
tan. Missouri Pacific. Norfolk and Western. Metro
politan Street Railway. Pennsylvania, Peoples Gas
Reading first preferred Rock Island. Southern
Railway preferred, Southern Pacific, Sugar, Ten
nessee Coal and Iron. Union Pacific common and
preferred United States Leather preferred. Wa
bash preferred. PA per cent; Western Union and
New-York Central. fiat; Canadian Pacific. st.
Paul. fiat
LACKAWANNA IMPROVEMENTS Newark
Improvements on the Delaware Lackawanna and
Western are costing about $1,0OO,OOO. and when
completed trains will pass over a viaduct which
eliminates twenty-seven street crossings. all at
grade. From Highest. west to the city limits on
the main line and Montclair branch the tracks
will be depressed between retaining walls, with
street crossings overhead The elevation and de-
preston will be for three tracks. assuring one
track for fast suburban express trains in and
of New-York. An immense double deck bridge at
the Passac River, with draw span Of 21 feet
and street trestle work on either side will allow
passenger trains to pass on the upper deck and
freights the lower. Already $3.50 tons of steel
for bridges have been ordered, and the work. when
completed, will enable the Lackawanna to handle
its commuters to and from New-York with the ut
most efficiency. The improved service of the Ho-
boken Ferry Company in the brief time the Lack
awanna Railroad has been in control is doubtless
an indication of what may be expected when the
company's larger plans for its suburban traffic
have been completed.
CORN PRODUCTS.-A good class of quiet buy
ing is reported in the common stock of the Corn
Products Company. In yesterdays market the
price advanced 1 point. and it said in well
informed quarters that interests identified with
the company were accommodating this issue. 1t is
a noteworthy fact that in the decline of the last
nine months Corn Products common has sold down
only a few points, while it has been one OF the
hrrnest of the ndustrials. This is interesting in
view of the severe losses suffered by many
issues The stock was recently placed per
cent basis, and, according to information received
Yesterday. current earnings heavier than
before in the history OF the company.
NATIONAL BISCUIT COMPANY MEETING
The regular quarterly meeting Of the directors Of
the National Biscuit Company was held yesterday.
The regular quarterly dividend Of ia per cent was
declared the preferred capital stock Of the
pany. to be paid August 81 to stockholders Of
record at the close of business August Is. and
the regular quarterly dividend of l per cent was
declared the common capital stock Of the com
record the close of business on September Is. A.
w Green. chairman of the board Of directors
stated the sales of biscuit for the quarter just
ended exceeded the sales of biscuit for the CORE
spending quarter of last year. and that the profits
were satisfactory. showing substantial surplus
over dividend requirements.
URGED TO CHANGE FORM OF BANK STATE
MENT.-'"The Wall Street Journal says: Some
bankers are agitating a movement among the
banks to urge the Clearing House to change the
form Of issuing the bank statement so as to show
more clearly what is included in the loan ac-
count. Bankers generally understand that includ-
ed in the present amount of loans are about Sl37-
100000 of investments. They claim that these in
vestments should be stated separately from actual
loans. They also claim that the present form of
the bank statement is causing much of the present
uneasiness in stock market"
CENTRAL OF GEORGIA INCOMES-The Cen
trail of Georgia directors have declared dividend
of per cent on the first income bonds. against
per cent last year Owing to the increased earn
ings OF the company 1t was expected that the full
dividend would be declared. In the local market the
first incomes enjoyed net gain of 81 points ana
the second incomes gain of points.
NORTH AMERICAN.-It is said that the decline
in North American stock from 10 to p was the
result in great part of block Of over 600 shares
held by OF the recently failed firms for a
client The stock had been bought in the boom AT
over 10. The buyers of the stock on the decline
have been the directors of the company At the
present market price Of North American the stock
is selling for about 100000 while the actual
liquidating value OF the assets is stated nv ona
of the directors to be over $sOOOOOa
NEW STOCKS ADMITTED-The following ad
ditonal securities have been admitted to the Stock
Exchange list: Buffalo and Susquehanua Railroad
Company. S2sSOOO additional first mortgage raf,,r1
Ing per cent bonds of 1851 and Gulf and Shin ISL
and Railroad Company 81 10000 additional first re-
FUNDING and terminal mortgage per cent bonds
OF 1852