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

u,op EIr.S TRADING.-Foresn houses deai' ~
aooD shares buying on balance INC -
London market fairly hard ano coiis
unchanged Bar silver was snade hdi"0''
rocI- roAN oIroTATIONS.-Loa quotations
80. a-oaIqsu,ated Copper. Anaconda America"
Ice Atchison common and preferred orooniS "
Ranid Transit Baltimore and Ohio common, N'
oogo Terminal Colorado and Southern delaware
on5 Hudson Erie common. 1st and I'd pre'erreo'
o,,;s,,;11e and Nashville Manhattan, missouri "a
ci6c New-York Central. Norfolk ana western
Northwestern Peoples Gas. Reading nrst pre-
ferred Republic Steel common and preferred. ROCK
Island ST. Paul. Southern Railway @ ~
southern Pacific Sugar. Tennessee Coal and Iron
r-;o, Pacific common United States Steel COM
mon and preferred United States Leather pre-
fsrred Wabash preferred and Western Union III
per cent; Union Pacific preferred, per cent.
RECEIPTS AND SHIPMENTS OF GRAIN AT
CHICAGO FOR YEAR-The recelpts OF gram III
Chicago for the year in bushels. with comparisons
follow. Wheat 100000. compared with olWe.Vo
last year; corn 5oO0oO00. contrasted with e4Voooo
The shipments of grain this year IN oushels- "lth
cApparisons, follow: Wheat. 30OO0GN against 10
ooo ooo in 1e; corn 100000 against 6i,eNooo fast
year.
UNITED STATES REALTY AND CONsTRUC-
rION COMPANY.-The United States Realty ana
,~onstruction Company common and preferred
stocks were active yesterday, at advancing heures
II is believed that the movement is based on the
belief by insiders that within comparatively snort
he Will ne IN d puSllioH "A"iN
i+s income from interest and rents will be sufficient
- take care of the dividend the preferred
stock so that all profits earned in the construction
1,fnaes will accrue toward dividends on the com
mon stock.
MORRIS & co A FAMILY AFFAIR.-Nelson
Norris is quoted saying that the incorporation
of Morris & Co. capital s,oooooo. is merely to put
~; erro in shane TO be continued by his family
sd that If has nothing whatever to do with a COM
bination of packers.
DELAWARE AND HUDSON.-The directors of
the Delaware and Hudson Company have declared
from earnings of 1902 annual dividend OF per
cent payable in quarterly instruments IN the year
1903.
NEW WALL. STREET FIRM +. Newcombe
one of the Oldest and best known members
of tbe NeW-York Stock Exchange, has
formed co-partnership with Stewart Browne &
Co. bankers No 10 Broadway, for the purpose OF
conducting a general banking stock commission
business The new firm is provided with well
eoncped facilities for handling orders in
trusted It for execution
t,IrC.AGO GREAT wESTERN.-The current
movement in the stocks OF the Chicago Great
Western Railway Company Is drawing attentoi
to the methods of upbuding traffic adopted by the
Stickney cement. One OF the most importah,
steps to assure a future large business was taken
in the autumn when the company executed iden-
ticaI contracts with each Of the packing com
NAMES doing business at Kansas City, 81. Joseph
ha and Sioux City. by which the packers
agreed TO route over the Chicago Great Western
lines at least certain percentage of the entire
output of their plants definite rates for the term
Of seven years. The rates We're at a substantial
advance over those which prevailed thereto
fore The aggregate revenue which these con-
tracts secure for the Chicago Great Western Rail
way on the present volume of business, is est1-
mated at 81 100000 and if the business increases
as rapidly in the seven years as in the past
approxinateIy s2o,oooOon The Importance of
these contracts is better understood when
the magnitude of the packing industry is
considered The published report of Swift q
Co gave the amount of the companys sales last
wear at S220OGt(de. 1t is presumed that ArmoC-
81 Co. the concerns chief competitor did sub
stantally as large business. and II is estimated
by competent authorities that the aggregate sales
of the other packers amounted 70 enough 10 make
the grand total fully s7oo.0co.0cn
CHANGE IN STOCK EXCHANGE FIRM.-The
partnership among Charles Schumacher, Edward
Morrison and j. Henry Townsend. operating on the
Stock Exchange. under the name of c. Schumacher
& Co. dissolved yesterday Messrs Morrison and
Townsend withdrawing. The firm continues in
business. Frederick u. Holder being admitted
partnership. The resignng members. Messrs. Nor
rison and Townsend. have formed copartnershp
under the name of Morrison & Townsend, with
Offices No. 25 Broad-st.. Mr.. Townsend being the
firms representative the Exchange.