New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-About 1000 shares were
sold in this market for foreign account, with
purchases. The selling covered wide range of
issues and represented partly profit taking.
STOCK LOAN QUOTATTONS.-Loan quotations
were: Amalgamated Copper. Anaconda, American
Ice. AtchisOH common and preferred. Brooklyn
Rapid Transit Baltimore and Ohio common. Cana
dian Pacific Colorado Fuel Delaware and Hudson.
Erie common. first and second preferred Louisville
and Nashville. Manhattan, Missouri Pacific New
York Central. Norfolk and Western. Metropolitan
Street Railway. Pennsylvania. Peoples Gas. Read
ing first preferred Rock Island. St Paul Southern
Railway preferred Southern Pacific Sugar Ten
nessee Coal and Iron. Union Pacific common and
preferred, United States Steel common and pre-
ferred, United States Leather preferred, Wabash
preferred and Western Union per cent
SOUTHERN RAILWAYS EARNINGS.-The
statement of the operation Of the Southern Rail-
way Company for May shows. as usual, increases
in earnings The gross increased s269.5e3 as COM
pared with May. 1902. and the net earnings were
$5031 larger than for May of last year. For the
eleven months ended May Z of the fiscal year
the gross earnings were $Ot72 24 greater than for
the corresponding period last year and the net
earnings showed a gain of $SS6.213. having been
SlO.5O169.
DIVIDENDS DECLARED-The directors Of the
H e. Clafin Company have declared the regular
quarterly dividend Of per cent the common
stock, payable July Is The d-Exchange Com
pany has declared dividend of IL per cent on the
preferred stock, The Alliance Realty Company has
declared the usual quarterly dividend of IL per
cent. payable July 10.
SECURITIES LISTED.-There have been adj
mitted to the Stock Exchange list additional Chi
cago, Rock Island and Pacific Railroad per cent
bonds of 1918 up total of SIS ass 900 and an ad-
dtional amount of $5,OS7O0 stock of the American
Telephone and Telegraph Company. The Chicago
Burlington and Quincy consolidated Is OF 1903 have
been stricken from the list as they matured and
were paid yesterday.
NEW PRESIDENT FOR A BANK-Charles A
Nones, who few days ago entered the board of
directors of the Equitable National Bank, has been
elected president. succeeding James NJ. Bell. re-
signed. Franklin S. Jerome. of Norwich. Conn.,
elected a director
REIMBURSEMENT OF LEHIGH VALLEYS
FINANCES.-A special committee Of directors Of
the Lehigh Valley Railroad Company has been ap-
pointed to consider the question of readjusment of
the company's finances and the creation Ct a con-
solidated mortgage in amount sufficient to take
care Of all outstanding bonds and to provide such
additional working capital may be needed from
time to time.
APPLICATION TO Discrimination has been
made to the Stock Exchange by the Missouri
Kansas and Texas Railway Company to list $4,000
additional first mortgage extension per cent
bonds
TRUST COMPANY OF REPUBLIC STOCK
Five shares of stock of the Trust Company of the
Republic were sold yesterday at auction at A. com
pairing with the price of 5914 obtained at the last
preceding sale, a week previously. The shares
were quoted in the curb market few months ago
as high as 355.
TG-MORROW.-The
Produce Exchange will observe tomorrow as a
holiday, as will the Chicago Board of Trade The
activity in the cotton market is so great that no
petition has been presented for closing the Cotton
Exchange tomorrow
A SHIPMENT OF SILVER.-The United Metals
Selling Company will ship about 100000 ounces of
silver to-day.
IN NEW QUARTERS.-The firm of s. B
Chaplin & Co, members of the Newly York and
Chicago stock exchanges and of the Chicago
Board Of Trade, announce their removal from the
Empire Building No. n Broadway, to the main
floor of 70. 10 Wall-st.
PHILADELPHIA FIRM CHANGES-PbiIa-
firm of Graham Kerr q Co. has been dissolved
Howard S. Graham, Henry S Kerr and Sidney w
FOulkeS Withdrawing. Redmond, Kerr & Co of
New-YOrk, who were connected with the old firm
conducting the banking business heretofore in
connection with their New York house, under
local management Henry S. Kerr is retiring from
active business, and Withdrawing from Redmond
Kerr & Co. we'll as from Graham Kerr & Co.
PRICE OF STOCK EXCHANGE SEATS
There a rumor yesterday that several seats
the Stock Exchange for sale, that
tbs highest bid was $1,000 AT the secretary's Of
flee this report was pronounced untrue. II was
announced there that the last seat sold brought
SGT 600 Last fall. when the boom was in progress
seats sold for $4,000
TRUST COMPANY OF AMERICA STATEMENT
The statement Of the Trust Company of America
of itk condition June 80 shows total general de-
posts and deposits in trust amounting to $l9O0O03
The companyS capital stock surplus aggregates
IS 100000 and the undivided profits amount TO S7l4-
60 besides SIS 900 reserved for the dividend payable
to-day and account Of taxes for 1893 The COM
pany's resources include s22S9S0 in New York City
bonds at cost and Ut in railroad bonds and
stocks cost while the cash on hand and In banks
amounts to SS.5OS.l9.