New-York tribune., 1903-04-07
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses bought
5000 shares IN the local market. In Londcn con
soils were frmer and the easier tone IN money had
a generally favorable effect. Lighter money rates
1,-ara generally expected up the end OF the
month and immediate relief from the return CT
dtvideud money TO the market was already felt
Paris exchange on London was little easier.
COLORADO FUEL AND IRON BOND ISSC E
Some misapprehenson appears TO exist as 10 Iiie
so-caIIed bond issue Of the Colorado Fuel and IRON
Companv The Colorado Fuel and Iron Company
does not propose to issue any bonds WhateVeI
The bond issue referred to in the reports was mace
by one of the subsidiary companies known as l,'e
colorado and Wyoming Railroad Company Inc
o,+tro etock of this railroad is owned by the Col
orado Fuel and Iron Company. The railroad prop
erv In question consists of several detacned lleS
with an aggregate total mileage OF I'e Inc
first section extends generally speaking from sun
rise 10 Hartville a distance of about thlr'S-hNe
miles; another section extends from 1rlnldaa 10
rTurco a distance of thirty-fve miles; third sec
ton is the Belt Line system around Pueblo Ihese
three sections connected by the Denver anu
Rio C;rande Railroad. over which trarnc Arrange
rents have been made. The Colorado and "yo-
ming Railroad Company has up to the present time
,aver issued any bonds. The directors are now
authorized TO issue 100000 OF bonds. but II IS
understood that 1t is the intention OF the manage
ment to issue only s45oo.o00 at the present une'
NORFOLK AND WESTERN.-Norfolk and
Western is earning at present some 6s4 per cent
an i+e common stock after making allowance for
it's full dividend the preferred stock Inc IN
crease in surplus for eight months Is equai ~
nearly A half Of 1 per cent on the common ana the
actual surplus after charges, which Is presumably
appcabe to dividend disbursements for the eight
months equals just about per cent on the COM
mon after allowing for the preferred ana II 'ne
surplus for the remaining four months OF the year
&c on the same average that of the hrst e1ght
months the years operation will result in surplus
or & 412 49, which equals 68 per cent on the COM
mon stock.
CHICAGO AND NORTHW HWESTERN--OHcers OF
the Northwestern Railway already are beginning 10
figure on what the road will be compelled to do SIX
months from now if another big crop is harvested
II is figured that II will take from now until sep
tember to move the freight in sight Much new
ecuipment has been ordered to provide for rush.
h,It with big crops the blockades and congestions
Of freight that occurred last winter will be dWarfed
hv those that may be expected next winter.
CONSOLIDATED LAKE SUPERIOR COM
PANY-The Consolidated Lake Superior Company
has apparently taken new lease OF life, now that
the Pennsylvania Railroad -Berwind interests have
IA ken hold of the project. The expert report is so
satisfactory that Newly York interests WILL 1t Is said
upIerwrite the proposed issue of sl0.g0Co bonds
The proceeds will take of the floating debt IN
Guiding the temporary loan from the Speyers which
will he renewed for three months and will leave
the con1pany with 100000 with which to place the
proportv on a revenue producing basis.