New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-02-21
WALL, STREET AND EXCHANGES.


The foreign liquidation in consos was the feature OF
the London market although at 92l4 there was
rally of nearly Il per cent from the low inquire OF tie
early trading The unsettled state of affairs in
Macedonia and the continued ughtness OF money
were the principal causes for the depression Money
rates continued firm in all European centres ana
PARIS ee.chanee on London sufficiently nigh 10
make gold shipments by Tuesdays steamer eA-
tremely improbable
CURRENCY MOVEMENT.-The principal move
ments of currency this week, as compiled by Inc
Wall Street Journal" indicate that the banks losI
bereb, q 3S0 300 The banks received from the IN
terror "a S63 800 and sent to the interior Aly1lo OF
which $500 coo transferred through the ouo-
Treasury to New Orleans The gain on the interior
movement was 1880. Receipts of new gold were
81 Of5 800 of which $10O9,G00 was on the New rA
aseav Office checks $4,000 San Francisco MINT
checks and $4,000 on Seattle Assay ONCE checks.
The banks received from the Sub-1reasurE oi Vi
binary government disbursements $l9lo9''Vo aid
paid to the Sub-Treasury for customs Hl'elldl l0
enue per cent redemption fund, retirement OIL
i,,iotiop etc So $50 600. The loss on Sub-Treas-
,Irv operations proper was S.n95Oo Inc to'al gam
from the interior and new gold was S''o9'lVo' be-
7uctinr this from the loss OF S5'llS"o on oIo
rroae,Ir,- onerations the net loss was $l5so'1oo-
There are two important features OF TINS Neen
,,,rrorc,- movement The first is the small gam
from the interior of S673,S00 which would nav
heen much smaller but for the receipt VI s'VO'0
gold from San Francisco In ADDITION 10 'le Iiio'
h
some banks made large shipments TO the west
rho second feature is the large loss on Suo-1reds
,,r,. onerations of S3119300 This is chlehy Que 10
heavy customs collections. which for the "eeA
were 81 1884 200 the largest for any week 'iiiS Se
Pension payments were S2,1l7000
STOCK LOAN QUOTATIONS.-Quotatio were:
AnoaIoamated Copper Anaconda. American Ice
Atchison common and preferred, Brooklyn Kappa
Transit Baltimore and Ohio common. Chicago Ter
minal Colorado Fuel. Delaware and HUDSON Erie
common first and second preferred Louisville ana
Nashville Manhattan Missouri Pacific. NeW-A ork
central Northwestern Norfolk and Western. Peo-
pIe's Gas Reading first preferred, Rock Island 81
Paul Southern Railway preferred Southern IA
citc Sugar. Tennessee Coal and IRON Union "a
elf, common and preferred. United States Steel
common and preferred, United States Leather pre-
ferred Wabash prferred. Western Union and Re-
public Iron and Steel common and preferred. "a
per
LACKAWANNA STEELS POSITION.-The Of
fering of the Lackawanna Steel Company ne"
bonds has brought forth inquiries regarding the
COMPANY and the following official informa ton eA-
plains in answer the position of the company;
The company has ore properties in Minnesota
said he Sc Q0oo0 tons of ore IN sighI ne s
company also owns and holds in fee 2112o acres OF
blast furnaces at CoI-brook, Penn; and coke ovens
Lebanon Penn, and owns IN additl9n tIle d
Lebanon IRON Company. Reverting TO the com
panys plant at West Seneca n 4. u VIII De
strncted from lake Erie to the companys plant.
fberebv aff0rdtng cheap and prompt transportation
filit; for the handling of ore from the North
west and for the shipment of manufactur prof.
nc[ ms neT from the power plant Nj
agara Falls 1t will readily be seen that tn f5
position of the COMPANY The kaekawanna S frn
and tI'{ Steel Company,
NETWORK CFNTRAI.-New-York Central Of
cers say that all runors that the company is sell
ing treasury stock on the market are announced
No treasury stock can be sold except ny vote OF
the stockholders and no action has been taken by
the stockholders since the vote in April l9'-. ANY
unissued stock remaining from the authorized issue
at that time will distributed among the stock
holders pro called for. and the disposition
of this stock rests entirely with the stockholders
and not with the company. The question Of hnanc-
ne, the new improvements will he taken up at the
April meeting unless matters eventuate rapid
~ than is now expected. The probabilities are that
the Improvements viii be provided for by an issue
of 81 per cent bonds
AMERICAN CAR AND FOUNDRY.-The Amer
lean car and Foundry Company received new
orders for cars as follows: Kansas City Southern,
250 box: Fort Smith and Western. 250 coal; Santa
Fe Land Improvement Company 1900 box: Nor
folk and Western 500 freghts; miscellaneous,
l.: Atlanta and West Point, 10 box; the Kingan
Refrigerator Line. so refrigerator California
Northern. 20 freights. and the Roger Ballast Car
Company 500 freishts
GRAIN EXPORTS FOR THE WEEk.-"Brad-
streets reports the exports Of grain. in bushels
for the week. with comparisons follows
Wheat -four included, 27l3.792 against 3609. 435
in this week a year ago; since July l, 15s 1875 1863
compared with $50 in the like time in 1SOz
corn g. 7S9 457. contrased with 274.S3o in this week
last year: since July l, % 5z06i3 against 22S6326
in the corresponding period last year
NO CHICAGO GREAT WESTERN BONDS
VIce-President Ansel Oppenheim, of the Chicago
Great Railway Company sa-s that the company
will not make further bond Issue. He points out
that the charter OF the company does not permit
1t to issue bonds. and a ducnce it has not
now nor ever have such issue until the
charter Is amended The company, of course. docs