New-York tribune., 1903-01-24
WALL STREET AND EXCHANGES.

FOREIGN TRADING--Foreign houses dealt in
Il 600 shares in the local market mostly purchases
In London the Kafflr stocks were inclined 10 sag
under neglect but consols were steady at s6'4.
Bar silver sold 21 1i-16 equal to the lowest price
on record touched last fall. Paris exchange on
To,don was nouceably easier and at 25f 15c was
within 1c of a point where it would pay to snip
gold from here with the present quotation ror oe-
mand sterling.
STOCK LOAN QUOTATIoNs.-Loa quotations
were: Amalgamated Copper, Anaconda American
Ice Atchison common and preferred, broohSh
Ranfd Transit Baltimore and Ohio common, Chi-
caso Terminal, Colorado and Southern, Delaware
and Hudson. Erie common, first and second pre-
ferred Louisville and Nashville, Manhattan MIS-
souri Pacific New-York Central, Northwestern
Northern Pacific preferred. Peoples Gas, ReaoIhs
first preferred. Republic Steel common and pre-
ferred Rock Island, st. Paul, Southern RAILWAY
preferred Southern Pacific Sugar, tennessee Codi
and Iron Union Pacific comm on ana preIeiieu,
United States Steel common and preferred Ohlteo
States Leather preferred Waoash preAeiieu'
ern Union per cent.
CURRENCY MOVEMENT.-The principal move
ments of currency this week. as compiled oy Inc
Wall Street Journal indicate that the banks
gained thereby ss216,sO0 THE banks recel7ed froh
the interior s7,1O4OOO and sent to the interior F4o'
200 of which $4,000 tranferred through the
Suh-Treasury to New Orleans. The gain from the
interior was $56S0sOO. The banks received new solo
TO the amount of $685. of which sS6l2oo was Oh
New-York Assay Office checks and SIIpo on SedItie
ASSAY Office checks. The banks received from the
S,1b-Treasury on ordinary government dlsDurSe-
rnents SOS 421 100 and paid to the SubTreasury for
customs, internal revenue, per cent redemption
fund retirement of circulation etc. 6.S3Oe0 The
gain on Sub-Treasury transactions proper was
1857 100 The total of the gains from the INTERIOR
new gold and the Sub-Treasury, is sS2loSD
CAR EQUIPMENT SHARES.-Adequate reason
for the accumulation of the railroad equipment
shares is reflected in the heavy orders for new cars
and locomotives and the gains in earnings OF 'he
American Car and Foundry Company, the Pressed
Steel Car Company and the American Locomotive
Company. Orders for new equipment received by
the American Car and Foundry Company IN the
last week included two hundred freight cars for
the Vandalia line and one hundred boxcars for the
Queen and Crescent The company now has
enough orders on it's books to keep its works busy
throughout the year Earnings have been so heavy
in the last few years that the original working
capital of $5,o00OOO has been increased to nearly
s15,O ,OOoO 600. People who buying the common
stock predict 50 for this issue The preferred stock
is the cheaper of the two, based on investment
value and It is reasonable to assume that as a
sound per cent stock, 1T will gradually work 10
a higher level.
IMPROVEMENTS ON THE ATCHISON.-Pas-
senger and freight traffic the Atchison, Topeka
and Santa Fe has grown so heavy that the man
agement of that line has found 1t necessary to
lay second track in several sections where trains
current year double tracking of the Emporia cut
off will be nearly completed from Holiday TO
Emporia. The main line from Chicago to joliet
may be similarly improved When these additions
have all been made the Santa Fe will have ap-
proximately 135 miles of double track. The COM
pany will lay about $50 miles Of main line track
on it's lines east of Albuquerque with S5-pound
steel rails. 1t is expected that 300 miles of equally
heavy rails will be spiked down its lines In
Arizona California and Texas. This will about
complete the work begun in 1901, whereby the 10
pound rail is to be the minimum weight for Santa
Fe system main tracks. Millions of dollars have
already been expended in cutting down grades.
raising fills putting in iron bridges and straighten-
ing curves.
exports of wheat for the week as 1888 757 bushels.
against 4ss 624 bushels and S6Ss $40 BUSH
els last year. since July l. IA 79557 bushels, against
161S43.S1S bushels last year. Corn for the week,
2.3766S3 bushels, against 229i62 bushels last week
and 1880 bushels last year; since July l. 1854 O1
bushels, against 81 1887 bushels last year.
APPLICATION TO LIST.-Appcation has been
made the Stock Exchange to list Sc 100000 Ameri
Thread Company first mortgage 4 per cent
bonds of 1919, and of the Colorado Fuel and Iron
Company 100000 additional per cent convertible
debenture bonds of 1911
WITHDRAWAL OF DEPOSITS.-Application to
withdraw bonds deposited national bank
circulation have been received by the federal treas
ury to the amount of S4959.9 500 extending the
period to November l For January the
amount is ~ ,fSZUuD only S5vVOU0 can De Withdrawn
in any month
MERCHANTS OIL AND ASPHALT COMPANY.
The prospectus of the Merchants Oil and Asphalt
Company, which has been published, will bear
careful reading. 1t gives in plain statements the
facts of the business, and forth all the in
formation careful investor would wish to know.
Charles NJ. Warner. of Syracuse, y. Y. is presi-
dent of the company. The company is issuing only
100000 of capital stock all of which is Strictly
cash basis The business is that of producers and
refners of California fuel oil. and the good faith
of the company is vouched for by the National
Park Bank of NewYork, the National Bank of the
Republic of Boston and the Merchants National
Bank of Philadelphia. all of which will receive ap
pcations for the stock The lists open Monday,
January 26, at 10 a. m, and closes Wednesday,
January IS. at p. m. The company is formed
purchase eighty acres of oil land in the Sunset Oil
District, Kern County, Cal, and to- erect refinery
for treating the oil. The price to be paid is $1,000
(SS0.0O0, thus leaving $4,000 for working
capital and general purposes. The new branch line
of the Atchison railroad is within few hundred
yards of the property.