New-York tribune., 1903-01-17
WALL STREET AND EXCHANGES,

70 900 shares in the local market buying on
II London consos were IS per cent io"ei d .-/So
~, the expected early issue of the IransVadl iodi
but the general market was steady Money was
trhe easier in London in the open discount rnarhe
There was no change in the quotations for money
or exchange elsewhere Bar silver was ho'dolS
weak at Z17sd.
CURRENCY MovEMENT.-Thc principal move
,nents of currency this week. compiled by tine
Wall street Journal indicate that the banks
gained thereby 50 755.SOO The banks received from
the interior S9064 400. Of which sS0o@S was trans
ferred through the Sub-Treasury from san Fran
cisco and sent the interior s.SS9.so". Of which
$500 900 was transferred through the Sub-TreasurE
to New-Orleans. The gain from the interior was
s7174.600 The banks received new gold to the
amount of S77l 800, of which S150.3co was on New
York assay Office checks and 81 800 was on Seattle
assay office checks. The banks received from
the Sub-Treaslry on ordinary government disburse
ments s21 ,S7 200 and paid to the SubTreasury for
customs. internal revenue. 3 per cent redemption
fund etc, $40 11S,o00. The gain on Sub Treasury
transactions proper sl.SO92oo. There was no
net loss on any account and the total net gain
from the interior. new gold and the Sub-Treasury
is 50 75560o. Compared with the previous week re-
ceipts from the interior are smaller. and shipments
are also smaller but the net gain from the interior
this week of $7174.6O0 compares with A net gain
from the same source for corresponding weeks of
81 39 500 in 1902 and 81 400 in 1901 Thus another
demonstration is given of the normal character
this years currency movement
STOCK LOAN QUOTATIONS.-Loa quotations
We're: Amalgamated Copper Anaconda American
Ice Atchison common and preferred. Brooklyn
Rapid Transit. Baltimore and Ohio common. Chi
cago Terminal. Colorado Fuel. Delaware and Hud-
SON Erie common first and second preferred.
Louisville and Nashville Manhattan, Missouri Pa
cifc 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
preferred United States Leather preferred. Wabash
preferred and Western Union. per cent; Union
Pacific preferred. , per cent.
MISSOURI KANSAS AND TENAS-Net earn
ings of the Missouri Kansas and Texas increased
for the first five months of the fiscal year S126 42
over the same time in the preceding year. Surplus
after interest and rentals was $10S0,51 in
of $50 10 At the rate of earnings in the first
half of the fiscal year surplus for the entire year
will be S2.50N0O0. There is S13,O00000 of
cumuia tive preferred stock. and If a dividend of
per cent should be declared there would he left
surplus equal TO about per cent on the common.
In the second half of the last fiscal year earnings
fell off. owing to the crop failure and light
movement of cotton This year earnings from jan
uary to July will doubtless be heavy. owing big
crops 1t is practically certain that dividend will
be declared the preferred stock.
AMERICAN CAR AND FOUNDRY.-According
to The Railroad Gazette the American Car and
Foundry has received new orders for cars fol-
lows: Tacoma Eastern, 30 fat; Wabash. Il coaches
Buffalo. Rochester and Pittsburg 800 coal 100 box
and 100 coke; Delaware and Hudson, 600 fiat, 25O
box; Kansas City. Mexico and Orient. 800
box, lC0 fiat 100 combination and caboosas
Pennsylvania, LOO freight Illinois Central 2O01
coal 1900 box and 200 refrigerator miscelIane-
Gus. 35.
WESTERN UNION.-The s3.OOO.OOO az per cent
reflmding and real estate bonds of Western Union
application for the listing of which has been made
at the Stock Exchange. part of the s2oOonOoO
issue authorized In 1900 to retire: certain bonds
maturing in that year and TO provide for the cost
of property acquired and lines con-
structed from and after June 60 1899
LARGE DEBIT BALANCE.-The large debit bal
ancc of the Sub-Treasury at the clearing ho,se
yesterday chiefly due the fact that the
SubTreasury sent only s2i1 oCO credit items to the
Clearing House. Among the debit items were pen
sons. $6Oo,0N and postoffice checks for 100000 on
foreign money order account.
GRAIN EXPORTS.-Bradstreets reports :he ex-
ports of wheat for the week 4Ss624 bushels against
s.09S95l bushels last week and 4690202 bushels last
Since July l. 40. $40 800 bushels against f5s
0oi I39 bushels last year Corn for the week ee4
6l2 bushels. against 2S56eS6 bushels last week and
29sGs$ bushels last year Since July l. 1597S0Is
bushels. against q ,2554i7 bushels last year
AMERICAN LoCoMOTIVE.-American Locomo-
has received the following orders Ches. ake
and Ohio 25. Boston and Maine 90 The Rock island
order for rs locomotives. recently reported u-o~
placed with the American Locomotive Company
several months
STANDARD CHAIN.-A meeting of the stock
holders of the Standard Chain Company of Pitts
burg will be held on February II for the purpose
of voting the proposition of reducing the stock
from 100000 TO 81 100000 II is reported that on
per cent of the stockholders have already sane
toned the reduction and there little doubt thar
the proposition will pass without a dissenting vote
CHICAGO GREAT WESTERN.-A Chicago dis
patch to The Wall Street Journal says that there
is prospect OF Great Western changing hands
The present owners will complete extensions and
operate the enlarged system for time before any
change is made.
CHICAGO UNION TRACTIoN-A director of