New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-29
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-Foreign houses dealt IN
1900 shares in the local market. buying on bal
ance. II London consols were unchanged. and the
copper stocks easier. The settlement developed no
trouble. Trading much narrower in all de-
partments. There was change in the quota
tions for money or exchange in any Of the Euro
pean centres. Bar silver showed lit Z strength.
STOCK LOAN QJOTATIONS.-Loan quotations
were: AnaIga mated Copper, Anaconda, American
Ice. Brooklyn Rapid Transit Delaware and Hud-
son. Erie common, first and second preferred,
Manhattan, Norfolk and Western Metropolitan
Street Railway. Peoples Gas. Reading first pre-
ferred Rock Island. St Paul. Southern Railway
preferred. Southern Pacific. Sugar. Tennessee Coal
and Iron, Union Pacific common and United States
Steel common. 25 per cent Atchison common
and preferred. Canadian Pacific, New-York Cen
trail, and Pennsylvania 1t242 per cent Baltimore
and Ohio common. Colorado Fuel Louisville and
Nashville, Union Pacific preferred. United States
Steel preferred and United States Leather pre-
ferred. per cent: Western Union. United States
Realty common and preferred. and Shelters pre-
frred fat: Republic Steel preferred 112Sd1-64 per
cent: Locomotive preferred. 1-s4 per cent, and
Wabash. 2ia per cent.
SUB-TREASURY TRANSFERABLE local banks
shipped through Sub-Treasury transfers s2.s750o0
to the South and West yesterday. the greater part
going to ST Louis. The banks lost Sub-Treas-
urv operations Tuesday S.279OCO. and since
Friday. I'D to the close % business on Tuesday.
they lost g 0o0 Including yesterdays transfers
of money by telegraph through the Sub-Treasury
makes an apparent loss of 1851 900 The trans
fers on Tuesday and yesterday were proportional
rs follows St. Louis S2,3C300o Chicago. $3.50 coo.
and New-Oreans, SS00,cdo. In addition TO these
Geographic transfers, those to New-Orleans and
Chicago. representing legitimate crop movement
requirements. there have undoubtedly been con-
siderable shipments Of funds by mail and direct
express.
BALTIMORE AND OHIO's INCREASED
EQUIPMENT.-The motive power of the Baltimore
and Ohio Railroad Company has been increased
since January l. 1908, by the purchase and delivery
OF 200 locomotives. There have been $50 freight
locomotives. weighing $4,000 pounds each, twenty
high speed Atlantic type passenger engines, weigh
ing 177.Ooa pounds each, and thirty modern switch
engines added to the equipment In addition, the
company has purchased and placed in service two
1e0-ton electric motors. using them haul heavy
freight trains through the Baltimore tunnel, the
three Sj-ton motors handling the passenger trains.
The Baltimore and Ohio system has 1865 loco
motives Of all classes and 5000 freight cars. Of
which g O) are steel of 10000 pounds capacity.
IN FAVOR OF PEOPLES GAS.-In an opinion
handed Ioxn yesterday the Supreme Court of Hi
nois finds the Gas Consolidation act of 1891 con-
s1turIonaI. sustaining the decision OF Judge Ha-
necy Suit was brought against the Peoples Gas
Light and Coke Company. charging that
bnation with ether companies has been made
der an unconstitutional law. In its decision the
court says there is nothing in the proceedings
to substautiate the assertion that gas trust has
been formed in Chicago. and that there is nothing
to show that extortion is being practised by the
company.
TREASURY OPERATIONS.-The heavy expendi-
lures being made by the Federal Treasury on ac-
count of civil and miscellaneous expenses will cause
a deficit this month Of several millions Putting
this money this time tends continual easy
money Since September l. when Secretary Shaw
commenced his rcfunding and redemption opera
tons, there has been this outflow Of money from
the Treasury: Redemption Of IS. $4,000 refund
ing operations S220@55 expenditures OF the govern
ucrt So O0OGc.
ANOTHER ADVANCE IN OIL.-The Standard
Oil Company has added another three cents to the
price Of crude oil. Pennsylvania petroleum is
81 -. Two cents added To the price North
Lima oil. which is 81 So and the same to South
Lima and Indiana. which is 81 -.
PROPOSITION DEFEATFD.-A proposition 10
close the Stock Exchange on Monday was sub
mitted to vote Of the members On the floor yestc--
dav and defeated
SECURITIES LISTED.-The following securities
have been ADDED to the Stock Exchange list. s123
20 go ter-sixty-year per cent sinking fIud bonds
Of 1853 OF the United States Steel Corporatior,
81 coo 90 additional general MORTGAGE Il: ner cent
coupon bonds OF 1892 of the Chesapeako AND 11bto
Railway Company. S2.I57 900 additional first raf,,n,I
ing mortgage per cent guaranteed coupon bonds
Of 1919 of the Central Pacific Railway Cor1na,,. -
sos c0 additional first consolidated mortpap,e ,a
cent coupon bonds of 1918 of tho Internation,I
Paper Company