New-York tribune., 1903-02-04

seer in all the oren discount markets dpro'o'
There was no change in exchange quotations
STOCK LOAN QUOTATIONS.-Loan qGotatiohs
were. AmaIsamated Copper Anaconda, American
Ice Atchison common aud preferred. broohi!h
Rapid Transit. Baltimore and Ohio common 'hi-
cago Terminal Colorado Fuel. Delaware and Hud-
son Erie common. first and second preferred;
louisville and Nashville Manhattan, Missouri Pa
ci1c New-York Central Northwestern. Norfolk and
western Peoples Gas. Reading first preferred.
Republic Steel common and preferred. Rock Island
St Paul Southern Railway preferred. Southern
Pacific Sugar. Tennessee Coal and Iron, Union
Pacific common United States Steel common and
preferred United States Leather preferred. Wabash
preferred Western Union. per cent: Union Pacihc
preferred. per cent
MONTHLY DEBT sTATEMENT.-The monthly
statement OF the public debt shows that at the
close of business January 81 1905. the total debt.
less cash i'm the Treasury. amounted to @i"'9Zoeo'
which is decrease for the month OF T22z'llo'
The debt is reca pituated follows: Interest bear
ing debt S94.541. go; debt which interest mas
ceased since maturity, s1230.slo: debt bearing no
interest 1896 2s6 total s132 2ss56 This amount
however does not include SSS6,S71sa in certlhcates
snd Treasury notes outstanding. which are onsct
by an equal amount of cash on hand held tor tne'r
redemption. The cash in the Treasury Is c1assihed
as follows: Gold reserve $50 6o: trust funds
1856 s71 ose; general fund s52,.I49i3; in national
bank repositories. s150.o9s225: total s1S3s'H'2o''
against which there demand liabilities outstand-
ing amounting to s91tS2S.24t, which leaves q CASH
balance on hand of 1855. S.S45e6S.
INTERNATIONAL PAPER..-Earninss OF the IN
ternationsI Paper Company in December were
above those Of the preceding month, ana at ue
current rate ga per cent on the common STOCK
is being earned In view Of tho high fuel COST ana
the increased cost Of labor and wood pulp Inter
national Paper people consider this creditabe
showing. The company is now receiving 4 s'r""s
= cent pound advance for It's produce over prices
It was receiving six eight months ago out TINS
increase largely offset by Increased operating
me
terna ona1 Paper Company is encouraging for the
holders OF the So, +os7 100 preferred stock
PENNSYLVANIA EARNINGS.-While the gross
earnings of the PENNSYLVANIA system in December
showed a heavy gain compared with tho same
time in 1902 the Improvement was not shown IN
net owing large increase in operating eR-
pensee Gross Increased s21s760 for al lines. ~he
net decreased S7S 300 the decrease on the Ilnes east
OF Pittsburg being s4S2, 200. Increased expenses
were due expenditures on the property ahd
the increa sed cost Of labor and supplies For the
year gross earnings increased stSt2S5oo and net
earnings increased s2nS.2oo, The enormous DUST
ness handled by the Pennsylvania in 1907 Is re-
fected In the earnings all its divisions oval
gross income on the lines east of Ptsburg, for in
stance amounted to t10i,54S,112. and net earnings
to s24 9S7 96c.
INVESTMENT BUYING IN ERIE.-Buying Of
the Erie preferred stocks for investment account
is due to the increased earnings of the property
and a better understanding Of the roads big earn
Ing power. It is thought that net results in the
current fiscal year will show over per cent for the
common stock.
APPLICATION TO LIST.-Appcation has been
made to the Stock Exchange TO list d" addi-
tionaI ca pisl stock of the Commercial Cable Com
pany and 81 10000 Of the general mortgage bonds
of the Chicago Rock Island and Pacific Railway
Company on the Stock Exchange.
BUSINESS OF APPRAISERS OFFlCE--Ap-
praiser George ". Whitehead received yesterday a
report showing the amount of business transacted
by the Appraisers Office during January There
were S6949 invoices and apprdsement orders. ana
the value o. merchandise appraised was &oo59oS9 -
For January, 1902 the corresponding figures were
but 81 344 and s4.7S2416 g.
BOOK ON GOVERNMENT BONDS.-The Ma
tionaI city Bank has prepared and is distributing
to limited number of its bond clientele valuable
little book on Government Bonds. The volume Is
Handsomely bound is printed with the text in black
and marginal notes and captions i'll red 1t con-
tains much Information about the bonds OF the
United States and European governments, tnclud-
ing the Treasury regulations affecting tn'ted
States bonds and calculations made by the Secre-
tary OF the Treasury, showing the relative value
of the various bond issues basis for circula-
tion public deposits