New-York tribune., 1903-01-14
WALL STREET AND EXCHANGES.

o 900 shares in the local market in London. Con-
soils were steady and featureless, and the move
ments in other parts of the market were not I'M
portant. The Paris bourse was firm on the de-
cision of the government not issue the cOntem-
plated 100000 francs loan. Money was easier in
London and Berlin. and Paris exchange continued
at 25 francs centimes indicating possibly early
gold shipments from this point. as these will be-
come profitable with a half cent advance in demand
sterling here.
STOCK LOAN QUoTATIoNs.-Ioan quotations
were Amagamated Copper. Anaconda. American
lee Atchison common and preferred. Brooklyn
Rapid Transit, Baltimore and Ohio common. Chi
caeo Terminal. Colorado Fuel. Delaware and Hud-
son. Erie first and second preferred, Lou
isve and Nashville. Manhattan, Missouri Pacinc'
New-York Central. Northwestern, Norfolk and
Western Peoples Gas. Reading first preferred,
Rock Island st. Paul, Southern Railway preferred.
Southern Pacific. Sugar, Tennessee Coal and Iron,
Union Pacific common. United States Steel common
and preferred United States Leather preferred.
Wabash preferred, Western Union, Republic
Steel common and preferred, 4a41z per cent; Union
Pacific preferred per cent
AMERICAN CAR AND FOUNDRY.-A Tribune
reader who asks for information regarding the
American Car and Foundry Company Will find
bv reference to the companys last quarterly re-
port issued a few days ago, that net earnings in
creased s1.11l3S4 over the quarter in 1901.
amounting to nearly the dividend of per cent on
the preferred stock for the entire year The COM
pany will increase its working capital to $200N00o
from earnings An interest identified with the
company says that dividends could be paid from
income from repairs to old cars. and that pre-
ferred stock will be safe In times of business
depression as any railroad bond. There are no
bonds ahead the preferred stock
SUGAR PRICES ADNANCED-The advance in
prices of refined sugar. which were made yester-
day was generally attributed to the small mar
gin Of profit which refners have been work
ing recently, as well to the increased demand
during the last few days, together with the small
stocks in the country. which forecast 4 larger
demand in the future
READING SALES-Wassernann Bros by
far the heaviest sellers of Reading, and were cred
tied with sales of something like $4,000 shares in the
morning 1t was thought that the Western crowd
realized in the absence of further competi
tive buying would be possible to mark the price
up but practically impossible to sell stocks to the
public.
WILL WALL STREET FOLLOW SUIT?-Re-
ports received from ST Petersburg state that
strong agitation is being carried in of the
admission to the Bourse of that city. 1t is
believed that the innovation will be effected shortly
COLORADO AND SOUTHERN APPLIES TO
LIST BONDS.-The Colorado and Southern Rail-
way Company has applied to the NewYork Stock
Exchange to list 100000 additional first mortgage
per cent bonds of 1929.
HEAVY BANK CLEARINGS.-Bank clearings in
New-York amounted yesterday s464 103. $50 in
crease of s176 24O06s compared with the day
year ago.
n. b
Ream. of Chicago. it was learrfed yesterday is to
be elected a trustee of the New-York Life Insur-
ance Company successor to the late Thomas Is.
Reed.
A. j. CASsATTt RESIGNs.-President A. j. Cas-
satt of the Pennsylvania Railroad Company has
resigned from the directory of the Manhattan Trust
Company. His action is in accordance with his pur-
pose recently announced to devote time TO
the affairs of the Pennsylvania road.
NEW STOCK EXCHANGE FIRM.-The CO.
partnership heretofore conducted under the firm
name of Clarence S. Day & Co. will be dissolved
tomorrow by mutual consent, permit of the re-
tirement general partners of Clarence s. Day,
ST. and of Clarence s Day. jr. limited CO.
partnership will that be formed hy the
four remaining partners-George Parmly Day
Thatcher NJ. Adams. jr Thomas Ludlow Clarke
and Julian Day-under the firm name of Day
Adams & Co, into which Clarence S. Day sr
with Thatcher NJ. Adams. sr. of the law firm of
Adams & Comstock No. 36 Wall-st.. will enter as
special partners The firm will continue the
business Of the old firm at the present Offices,
No AZ WaIl-st.. and the capital of the new firm
will be the same as that of the old firm as at
present conducted. Clarence s. Days retirement
as a general partner does not In any sense imply
his retirement from active business life. He in
tends to make his offices with the new firm and
expects to be present there much OF the time so
that he will be i'm position 10 advise with the
firm and its clients If desired. The change will at
the same time leave him more free to devote his
attention other matters in which he interested
Mr. Day has been a member OF the New-York
Stock Exchange since March s. 1866. and men,
her of the governing committee OF the Exchange
for many years. He will retain his membership In
the Exchange and his interests in various COM
panies In which he has been director
SAN FRANCISCO STREET RAILwAYS.-Ths
San Francisco Street Railways Syndicate. Brown
Brothers Co., managers, announce that II terri-
mates by limitation February /. Transfer books
for the participation receipts viii be nnally closed