New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-04

quotations were: Amalgamated Copper. Anaconda
American Ice Atchison common and preferred
Brooklyn Rapid Transit Baltimore and OHIO com
mon. Colorado Fuel. Delaware and HUDSON ERE
common. first and second preferred Louisville ana
Nashville Manhattan, Missouri Pacific. MetropoA-
tan Street Railway. Peoples Gas. Reading hrst
preferred Rock Island. st. Paul, Southern Rail
way preferred, Southern Pacific. Tennessee Coal
and Iron Union Pacific common and preferred
United States Steel common and preferred. United
States Leather preferred, Wabash preferred IL
per cent Western Union. United States Realty
common and preferred and Canadian Pacific nat,
New-York Central per cent. Pennsylvania lali3
per cent, and Norfolk and Western IL per cent
WHY BANK LOANS DO NOT DECREASE
1.-THE reason why the loans of the Clearing House
banks do not decrease is very plain" says an ON
GER Of one OF the large banks. when call money
declines 10 per cent the trust companies re'iIe
from the market and let their deposits accumulate
in the banks which pay them per cent Inc
banks have to do the best they can with these de-
posits They must maintain against the deposits
a reserve of % per cent and often cannot get more
than ia per cent for call loans. On the other
hand when money rates high the trust com
panies draw upon their deposits and loan them
This explanation is in line with the remarks made
in The Tribune's financial column last Sunday.
CAR FAMINE BEGINS.-Railroads operating
eastward from Chicago and St Louis are finding
further difficulty in supplying cars TO Shippers
promptly. The scarcity has become so pronounced
in the last week that the railroads are almost on
the verge of car famine. Unless there IS a sud
den change in the situation. traffic men now be-
lieve that they will have q worse time than they
did last fall and winter in spite OF the large addi-
lions to motive power. equipment and yard facili-
ties The demand of shippers has become great
in the last two weeks that it takes nearly a week
TO fill orders for cars. There is every indication
that the condition will last indefinitely. The rush
is due to considerable extent. TO larger grain
movement, which came at time when there was
a tremendous movement OF other freight, which
was delayed earlier in 1r.
wardness of the season. labor troubles and other
adverse influences
ROCK ISLAND CROP REPORT.-The crop re
port of the Chicago, Rock Island and Pacific Rail-
road for the week ended July IS shows as follows;
I3 e ost 81 TP6r that IS growing
nicely and looking well. but few reports are not
mary is 81 ~ baIvestip has been finished
ana N oJ3e55 tS 1IS firm tone in New
York Central probably had reference TO the belief
gaining ground that some way of arranging the
has been devised, and possibly in part executed
bonds guaranteed by the New-York Central would
probably be considered less than direct issue OF
bands d or stock by the r9ad while such financing
ST. PAUL CROPS.-The St. Paul crop report of
July 81 shows conditions uniformly more taVorah5e
than in the last report The wheat harvest is ad-
vancing, and Yields are generally better than eX-
and a good deal will be used for fodder only The
haSt9rms s9H{ne[n M1 he's tT nFe Dee
NEW-YORK CENTRAI.-New-York Central,
freisnt cars This Would seem to indicate that in
the opinion of the cement of this property no
MEZIGAN CENTRAL.-Speyer & Go. have pur-
chased. it is said. large block OF Mexican central
may ultimately take the control Of the MeX d
Cs9{Ta1 fKT{Sn 5I9m 81 t215 10 Go are
understood to have purchased upward of 100000
shares OF Southern Pacific in the last break in the
market