New-York tribune., 1903-01-23
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
5000 shares in the local market all sales. Ameri-
can stocks in London sold off on the warlike ac-
tivity of the Germans in Venezuela, but the Bank
of England return was strong enough to Offset
this condition so far consos were concerned.
There high proportion Of reserve to abilities
shown in the return and large gain in bullion.
The bank rate was not changed. but it Is unlikely
that it can be made effective long at the present
figure. Exchange was strong in both Paris and
Berlin.
STOCK LOAN QUOTATIONS.-Loa quotations
were: Amalgamated Copper. Anaconda. American
Ice, Atchison common and preferred, Brooklyn
Rapid Transit Baltimore and Ohio, Chicago Ter
minaI Colorado and Southern. Delaware and Hud-
SON Erie common first and second preferred;
Louisville ard Nashville Manhattan Missouri Pa
ciffc New York Central, Northwestern. Northern
Pacific preferred Peoples Gas. Reading first pre-
ferred 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 and
Republic Iron and Steel common and preferred, 1
per cent; Union Pacific preferred, per cent
SOUTHWESTERN SITUATION.-"The. Wall
Street Journal quotes railway manager con-
versant with the entire situation in the Southwest
as follows
The Gould interests will soon control Is per cent
of the mileage in this territory In addition they
the AtIantic seaboard The only Southwestern
lines which they have not already obtained con-
Frisco The affiliations of the Atchison such
to tI secure the Gulf Colorado and Santa Fe branch
and the Frisco is evidently not now in the market
comprehensive scheme which has been undertaken
Many people have been inclined to discredit the
strong financial combinations which have recently
been formed. but if present Indications may be
taken as forecasting results. these same people
will within very short time be obliged to admit
that Young Could has placed his properties In a
strategical position from which it viii be very
lodge him.
BROOKLYN RAPID TRANSIT.-Gross and net
earnings of the Brooklyn Rapid Transit Company
continue to show satisfactory gains year
ago. The company is in position de-
crease it's operating expenses. and conse-
quence net earnings for December show in
crease of $6S 760, gross increasing $3S.O34 From
July l gross earnings have increased 1923 1SO and
net earnings have increased $6216S
COLORADO FUEL AND IRON.-The directors
of the Colorado Fuel and Iron Company have dc
clared the regular semi-annual dividend of per
cent on the preferred stock for the six months
ending December 81, 1902. payable February 20.
WASHINGTON TRUST COMPANYS OFF,
CERS-At the directors meeting of the Washing
ton Trust Company David NJ. Morrison was re-
Austin Morrison were reelected vice-presidents
and Francis II. Page. who has been secretary OF
the company since its organization in 1889. was
made second vice-president: NJ. s. Lott formerly
treasurer, was elected secretary. and II. f. Price
assistant secretary.
NEW STOCK EXCHANGE MEMBERS Sea
vey Battelle Frank b. Probst and William s. Ger
York Stock Exchange.
PARSONS ELECTED CE-PRESIDENT.-H
B. Parsons has been elected vice-president OF
Wells Fargo & Co.