New-York tribune., 1903-04-28
WHEAT.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
1900 shares in the local market mostly sales. In
London there were no important movements in
curites and little change in the money market
IN any of the foreign financial centres.
STOCK LOAN QUOTATIONS.-Loan quotations
were: AmaIgamated Copper. Anaconda. American
Ice, Atchson common and preferred Brooklyn
Rapid Transit, Baltimore and Ohio common, Ca
madam Pacific, Colorado Fuel. Delaware and Hud-
son. Erie common. first and second preferred.
Louisville and Nashville, Manhattan. Missouri Pa
cif1c, New-York Central. Norfolk and Western.
Metropolitan Street Railway. Peoples Gas Reading
first preferred. Pennsylvania. Republic Steel pre-
ferred. Rock Island. ST. Paul. Southern Railway
preferred, Southern Pacific, Sugar. Tennessee Coal
and Iron. Union Pacific and preferred.
United States Steel common and preferred. United
States Leather preferred. Wabash preferred and
Western Union per cent
SAN PEDRO. LOS ANGELES AND PACIFIC
San Pedro. Los Angeles and Pacific directors have
authorized an issue of $50,00O 900 5 per gold
bonds OF there will he issued $350O0000,
the proceeds of which will be used to pay for that
part of the Oregon Short Line lying south Of Salt
Lake City recently purchased by the San Pedro.
Los Angeles and Pacific and to complete the
tire main line OF that road The remaining s5t0OOo0
will be issued until the main line is completed.
and will be used for the building of spur lines.
feeders and extensions, as these may be needed or
justified. The entire issue OF bonds has been under
written by New-York bankers.
SEABOARD AIR LINE.-A syndicate formed by
Ladenburg, Thalmann & Co. has purchased from
the Seaboard Air Line $6000000 of per cent bonds
which first lien the new Birmingham di
vision of the Seaboard Air Line and a lien the
rest of the Seaboard Air Line system. The property
which these bonds secured consists of the
East and West Railroad, the new extension of this
railroad to Birmingham and the terminals pur-
chased in Birmingham for the Seaboard Air Line
1t is considered proba bic that the bonds will be
offered for subscription at present.
MEXICAN ISSUES.-AIthough Mexican Nation
al and. TO lesser degree, Mexican Central ad-
vanced naturally the advance in bar silver and
the decline in Mexican exchange, there is some
reason to think, according to The Wall Street
Journal" that the interests in touch with
these properties have protected themselves by the
distribution of stock in order to get wider market
AS the room traders put it, the buying was not Of
the right kind, especially in Mexican National
MONEY MARKET HISTORY.-In this week last
year the banks lost $4184OOO. loans increased slO
76S 4O0 deposits increased $3,6450C0, surplus re-
serves decreased 81 $50, reducing the total hold
ings to S7.4S4O0O. Gail money loaned 81 per cent
up to 10 per cent in that week, on account of the
Meyer trouble. and the following week was marked
by the beginning of the great anthracite coal strike
and money to % per cent
DETROIT SOUTHERN-No date has been fixed
for the special meeting of the stockholders of the
Detroit Southern Railroad Company which it is
proposed to call to upon increase OF the
capital stock S16Ooo00 to s25COO,C0J The pro-
ceeds of the new stock 10 be used for various
extensions and for other corporate purposes
LINSEED COMPANY NOT CLOSING PLANTS.
An officer of the American Lnseed Company says
there is absolutely truth in the report. coming
from Racine WIS, that the company has decided
TO close its small plants in the West. So far the
refinery at Racine is concerned which, according
to the dispatch, will be abandoned. it may be
stated that that plant has not been in operation
since the company was formed
ATCHISONS EARNINGS.-That the Atchison
management is not yet through with it's heavy
penditures on the property is reflected In the
pany's March statement which shows increase
in operating expenses OF $6.tz7 over the time
last year Gross earnings increased S463,03 and
net earnings decreased $243.5Si The maintenance
BALTIMORE STOCK EXCHANGE SEATS
The Appeal Tax Court having assessed seats on
the Baltimore Stock Exchange at 5000 for 1888 the
case was appealed. and the higher courts have
decided that not taxable on the ground
that the tax laws silent this point. and that
for than fifty years attempt has been made
to collect tax.
WABASH NET EARNINGS-Net earnings of
the Wabash system show for March increase
of S14535 March. 1902 Gross earnings in
creased S155O75, making a gain from July / of
s.. 1876 728. Net earnings In the time have in
703