New-York tribune., 1903-02-01
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
few thousand shares in the local market, evenly
divided. In London the securities markets gem
orally were heavy on the Venezuelan deadlock,
which was regarded somewhat disconcertirg
South African mining snaics average 1-l6 per cent
lower. Other departments were stagnant
FEBRUARY DISBURSEMENTS.-'The Daily
Stockholders" compilation of February disburse-
ments shows that interest is due On bonds having
par value of 81 S95,e15, and amounts TO Ss25J-
asa as compared with SIT $50 935 last year. $ lO
in 1901 s3 S64 1900 and $1 731 oil in 1899 Dvi-
dends have been declared on stocks having a par
value of 81 $751; calling for s3S511.360 COM
pared $50 ,706 last year. $29 9oe,4l1 in 1901
s2 94 30 in s6 937 in 1899 February in
terest and dividend payments together amount to
s5 414 compared with s53323bl last year, S31oil
SIS in 1901 s3 665 in and s2S AS in 1899
NORTHERN PACIFIC EXTRA DIVIDEND
The Northern Pacific Railway Company has de-
cared the usual quarterly dividend of 1l2 cent
and an extra dividend of a half OF l per cent. The
pavment Of the extra dividend of half of l per
cent REQUIRES s775OO0. In 1899 the company paid 2
per cent on the common stock and in 1909 ana lNl
4 per cent Last year the company paid 512 per
cent the quarterly rate being Increased to IL per
cent May l.
TENNESSEE COPPER.-Tennessee Copper was
the active feature in the outside market. advancing
to 261 on transactions of 100 shares. The strength
was due to reports that the earnings have been
very large in spite of unfavorable year in the
copper trade. The stockholders meeting Will be
held in Jersey City in the early part OF next week.
when the earnings for the year will be made public
PRESSED STEEL CAR COMPANY TO PAY
GOLD NOTES.-The Pressed Steel Car Company
has outstanding s4104 900 per "ent first mortgage
gold notes OF these s104, 900 will be due on Monday
and $500 600 will be due February l. 1904 The
ct mpany has already bought UP s04,o0o of these
notes and will Monday pay off the s5oo.0oO due
ir February. 1905, which VIII reduce the outSt&no-
ing r,otes to s3,500.000.
THE COTTON MOVEMENT.-According to The
Financial Chronicle the total receipts of cotton
for the week ending January 80 reached 14,H7
bales against PSI last week and 226094 the previ
ous week making the total receipts since the first
of September 1902 5s1s,s0 bales, against 174,2n
for the same period of 1901 02, showing in
crease September 1, 1902, of 1886 bales.
READINGS RECORD OUTPUT.-The Reading
Company broke records for coal shipments every
day last week, the shipments being the heaviest
for any single week since the coal strike ended On
Thursday the company loaded and started down the
Schuykil Valley 1,357 cars of coal and about four
hundred cars from independent operators. The
highest figure previously reached since the strike
was the output of Wednesday, which reached 1876
cars from the Reading mines and about four hun
dred from individual operators.
BANK CLEARINGS.-TotaI bank clearings of all
the clearing houses of the United States Cor the
week ended January 81 were s2.05S90s. .S62 against
81 252 96l POS in the preceding week and S13OD4,Sl
in the corresponding period last year.
VAN NORDEN TRUST COMPANY ELECTION
Al a regular meeting of the board of directors of
the Van Norden Trust Company held January
%. 1903. the following officers were elected Warner
NJ. Van Norden, president; William F. Havemeyer
vice president Morton c. Nichols, vice president
Arthur King Wood secretary and treasurer; Will
lam W Robinson, assistant treasurer; James b.
Haig. jr.. assistant treasurer, and Edward 5.
Avery trust officer.
STOCK LIST APPLICATION.-The National
EnamelIing and Stamping Company has made ap-
plication to the Stock Exchange for the listing of
IS 500 per cent cumulative preferred stock and
SIS Al 500 common stock.
NEW PLACE FOR MR.. DEAN-Frank Dean has
resigned cashier of the Fifth Avenue Bank to
become e-president and cashier of the seaboard
National Bank