New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-30
WALL STREET AND EXCHANGES.

FOREIGN TRADINCi.-Foreign houses dealt in
$1,000 shares I'm the local market selling $500
shares In the London market consos lost H per
cent OF the preceding days rally and the copper
stocks were heavy and lower. There was no
feature In money or exchange in any of the Euro
pean centres Bankers abroad did not anticipate
any particular strfnsency over the end Of the year
WESTINGHOUSE ELECTRIC ISSUES NOTES
The 100000 per cent notes of the westing-
house Electric and Manufacturing Company have
been issued for the purpose of paying in part for
the Lackawanna and Wyoming Valley Rapid Tran
sit Railway, which runs from Scranton to Wilkes
barre and other points IN Pennsylvania The road
is forty-two miles long In addition to the issue
Of notes the company took money out OF surplus
earnings, which amount IS not stated, to complete
the payment for this property Westinghouse in
terests say that the property is worth great deal
more than paid for IL.
The object in purchasing this road is to demon
strate what be accomplished by using cleo
tricity for motive power in the transportation of
both freight and passengers. The company will
begin at once to equip this line with the latest
electrical apparatus
WABASH.-Wabash reports for November an
increase in gross of per cent and a decrease in
net of S6 Der cent. The latter is caused by an in
crease in expenses of % per cent. The causes OF
this latter increase twofold Less than one
half of 1t caused by an increase in the cost
Of conducting transportation due largely to heavier
wage, payments. OF the total increase, $279 254
about $4,000 is. Of course due to the fact that
tonal increase in conducting transports ton was
caused by the economical conditions labor and
cost of materials and supplies. Over $15O000 of the
increase is due directly to the of maintenance
This is q really remarkable increase but may be
put down to the efforts the road is making to put
the line in shape for the worlds fair traffic of
1904.
UNITED STATES REALTY SECURITIES
Buying of the United States Realty securities is at
tribued to the that deposits of stock under the
stOckholderS'
committee will receive sufficient amount of stock
to enable 1t TO go ahead with its plans in due time
whatever they may be. The committee has not as
yet definitely stated what its plans will be in case
a majority of the stock is deposited under the
agreement but stockholders evince much confidence
in the committee and it is practically certain that
the stock needed to carry out the plans will be
forthcoming. better outlook in the labor situa-
ton also helps the prices of these securities.
ATCHISONS BIG EARNINSS-Considering the
extent to which business was disorganized in Col
orado in November by the strike of coal miners
the statement of AtChsous earnings for that
month must be considered highly satisfactory DC
tober was the banner month in the roads history
and despite the labor disturbance, which cut off a
large part of the coal business. November showed
decline Of only SOS 900. or 81 per cent in gross
as compared with that just preceding. Had there
been no strike new record might have been made
ERIES IMPROVEMENTS the operation Of
its new arrangements for handling suburban BUSH
ness the Erie will haul into its station in Jersey
City sixtyve trains. all of which will arrive within
an hour. with carrying capacity of fifty thousand
passengers. In the evening rush hours the move
ment will be reversed. both tracks being given over
TO this movement to relieve the congestion of
sengers in the station. and the ferry schedule will
be arranged under five minutes headway The ter
mina yards in Jersey City practically being re-
built. and when the temporary improvements are
finally completed the method of handling pas-
sengers will be excellent
ONTARIO AND WESTERN.-It is said that On
tario and Western is not at all plentiful IN the
Street now. and has been absorbed for some five
or SIX months by Montreal interests 1t advanced
easily at the opening on what considered good
buying IL is stiIl said that people close 10 Cana
dian Pacific are best acquainted with the source
and origin of the buying
NORFOLK AND Observation-Disclosures has
been made 10 the Stock Exchange to list 81 00 000
additional first consolidated mortgage 4 per cent
gold bonds Of 1896 OF the Norfolk and Western
Railroad Company. so Il
DIVIDENDS DECLARED.-The Franklin Saw
lngs Bank has declared its eighty-seventh semi
annual dividend at the rate of S4a per cent wear
payable on and after January Is The Greenvicb
Savings Bank has declared d dividend at the 80
enocd on december 81 payable OF January lS
ALLEGHENY COUNTY BONDS OFFERED
". Harris d Co. are Offering to investors $3.50 ora
thirty-year per cent bonds of Allegheny County
Penn This county includes the cities of PittsbirS
Allegheny, Liberty Homestead. etc. the net debt
or the county being less than per cent OF the as
sessed valuation. -