New-York tribune., 1903-02-28
WALL STREET AND EXCHANGES.

only a few shares in the local market evenly
distributed In London consols were weak at 92lt
:, loss of !, per cent. and the general market was
depresscd Money rates were fairly stiff in the
various European centres, but Paris exchange on
London easier.
CURRENCY MOVEMENT.-Thc principal move
ments of currency this week, compiled by The
Wall Street Journal indicate that the banks lost
thereby IS 55s 900 The banks received from the in
terror "a 1o3500 and sent to the interior $4,000
of which sJ00ooo transferred through the Sub
Treasury to Chicago and Solo0 was transferred
in like manner to New Orleans. The loss on the
interior movement was s. 3A7.Gn1 Receipts of new
gold were S774a0O, of which 1872 100 New
York Assay Office checks and and Si2 500 on Seattle
Assay Office checks. Exports of gold coin to Ar
genina S750.O00 The banks received from the
Sub-Treasury on ordinary government dsburse-
ments SO 19.l0O and paid to the Sub-Treasury for
customs internal revenue : per redemption
fund. retirement of circulation etc, s2oS55oeo The
loss on Sub-Treasury transactions proper was
S513J 900 The total loss the int Hrior movement.
gold exports and Sub Treasury operations was
50 So 900: deducting the gain by gold s774a0o
the net loss was ss55S OG0 The features this week
the shipments of currency to Boston and
Chicago. Very the entire amount of the net
loss to the interior of SS447 oo0 went to those twO
cities in equal parts The loss on SubTreas-
ury operations of S5125,9Go caused by collec-
tons Of customs. S3.4s590a 10y large transfers OF
internal revenue collections by western banks
through their New-Yorh corresponding, and by
deposits of lawful money to retire circulation.
STOCK LOAN QUOTATIONS.-Ioa quotations
were: Amagamated Copper, Anaconda American
Ice. Atchison common and preferred, Brooklyn
Rapid Transit Baltimore 6 Ohio common. Chicago
Terminal Colorado Fuel. Delaware and Hudson.
Eric common frsr and second preferred. Louisville
and Nashville Manhattan. Missouri Pacific, New
York Central. Metropolitan Street Railway Nor
folk and Western. Peoples Gas, Reading first pre-
ferred Republic Steel common and preferred. Rock
island, ST. Paul, Southern Railway preferred,
Southern Pacific Sugar, Tennessee coal and Iron,
Union Pacific common and preferred. United States
Steel common and referred, United States Leather
preferred Wabas- preferred. Western Union, 5 per
cent.
MARKET GOSSIP-The Waldorf crowd ham
mered prices wherever the bull account showed
signs of weakness Some of the buying of Wabash
was good. but manipulation evident Pool
liquidation reported in Tennessee Coal. Selling
of Rock Island as better than the buying. Louis
Vile and Nashville sold off the expected bond
issue. St. Paul used 20 considerable extent
10 club the rest of the market and good deal of
the selling in looked like tho operations of well
known specuator who has not been in the market
lately. The movement in Smelters was taken to in
dicate that the pool unloading a little of its
stock Professional attention largely directed
toward forcing the liquidation of weak pool hold
ings these operations we're naturally helped by
the prevailing money market conditions New
York Central touched the lowest price of the last
two years
;he Rock Island system for the scEcn months
ended January 81 indica tes A strong position of
the Company's finances. The total income is equal
the entire fixed charges for the year and over
~. per cent the preferred stock. Here is the
analysis Total income for seven months. sl =
80 1O charges for the entire year. SSt6S7o; ha J.
ancc. s. .240. equal to $50 per the
s5f.H010 preferred stock or, to put the case
differently. Total income. s1.52s1lo: seven months
proportion of charges. 81 1855. .676 balance
or equal to 12.l2 per cent the preferred stock.
As the preferred stock is limited to per cent
dividends this year the total income of the Rock
Island Company from July l. 1902. TO January 81,
1893, sufficient TO cover the charges for tho
year aud per cent the preferred stock and
leave surplus of $s22,240 nearly IA per on
the total amount of common stock outstanding.
The remaining five months income will he
clear gam for the common stock.
GRAIN ENPORTS.-Bradstreet's reports the OK
ports of wheat for the week 2.65sS79 bushels
against 2.712792 bushels last week and 3.23f 80
bushels last year Since July I. leo 79e6ts bushels
against lso 66.G9s bushels last year. Corn for the
week 29sS,a39 bushels. against 3.7$9f57 bushels last
week aud 3l2.6a bushels last wear. Since .Inlv l.
$o7SaaS@ bushels, against c311s9a9 bushels last year
hEN RAILROAD EQUIPMENT The following
aeS have ordered cars from the America ,
car and Foundry Company: The Chicago ,,vesr
for Iuy delivery; Thehaud Bros. of Now York ISl
trelSnt cSfT; miscellaneous parties 2G freight ears
IMPORTS or DRYGOODs INCREASE In,no,t.
Of drSEoodS for the week ended Yesterday anount-
in 81 2i7. .697 Increase. of 81 KS ,s
the precedins week aud sl.194,5oo over the same
week last year.
SYNDICATE DISSOLVED The syndica; %
formed last August to undrrwritn an issue of
S35 o00C00 OF the authorized $50 0Gool first consoI-
dated per cent mortgage bonds of the AtIanti..
Coast Line Railroad Company has been dissolved
II IS understood that only absut % per cent OF tle
100000 bonds have been marketed by the under
writer's Nermilye Co. Hallsartan g. Co and
Brown Bros. e. 90.
TERMS oFFEREp To 1,hCLEDE GAS LIGHT
STOCK kHOLDERS--A circular has been sent O the
stockholders of the Iaclede Gas Light COMPANY nf
st Louis. advising them that several Of the large
Stockholders hnve agreed Ia sell their holdings
the North American Company az 500 share and
accrued dividend. cash. The FIRST payment ~