New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-01-20

port of gold from New-York Bar silver was weak
STOCK LOAN oUOTATIONs.-Loan quotations
were: Amalgamated Copper Anaconda. American
Ice Atchison common and preferred, Brooklyn
Rapid Transit, Baltimore and Ohio common. Chi
cago Terminal. Colorado Fuel. Delaware and Hud-
son Erie common. first and second preferred
Louisville and Nashville. Manhatta Missouri Pa
cfc, New York Central. Northwestern. Nortolh
and Western Peoples Gas, Reading first preferred
Republic Steel common and preferred, Rock Island
St Paul Southern Railway preferred. Southern
Pacific. Sugar. Tennessee Coal and Iron. Union
Pacific common. United States Steel common and
preferred United States Leather preferred. wabash
preferred. Western Union, per cent; Union Pa
cfc preferred. per cent
GRAIN MISUNDERSTANDING of grain. all kinds.
at Chicago in the last week decreased $4,000 BUSH
els and as compared with the same week last
year gained 1726.Oo0 bushels Wheat receipts were
bout the same year ago and about $4,000 less
than week ago. Corn deliveries were 2i2.3o0 bush
els less than week ago, but 105 13 bushels larger
than in 1902 Oats receipts were approximately
900 900 bushels under the previous week and S2 400
more than last years corresponding date. Flour
receipts showed sharp losses from both compare
tive periods. The railroads responsible for
the lighter movement than anything else. not
having a sufficient number of cars TO handle the
grain
AMERICAN GRASS TWINE.-1nterests identi-
fed with the American Grass Irvine Company have
great confidence In the companys future. and they
believe that under the mana cement of the new
president Thomas X. Otis, the concerns earnings
will rapidly increase. The company has adopted
the wise policy of building up working capital
from earnings the result of which will accrue to
the benefit of the stockholders at remote period
It was for the purpose of increasing the work
ing capital that the last dividend was reduced 1t
is far better to accumulate working capital from
earnings than from issue of bonds, despite the
fact that purely speculative operators prefer the
latter course. American Grass Irvine stock is
selling many points under the best price made In
1902 but there is in the condition of the company
nothing that warrants its current quotation When
the stock becomes better known and the con-
servatism of the company's manag cement in re-
ducng the last dividend is more fully appre-
ciated. an important advance in its stock market
value will doubtless take place.
HEAVY EARNINGS IN THE SOUTHWEST
For the second week in January Missouri Pacific
shows an increase in gross earnings of $4,000 over
the same week of last year making a gain from
January of $13S 176. Missouri Kansas and Texas
increased for the second week $500 and Texas
and Pacific $3.50. Comparisons are made with a
period last year when earnings were heavier tnan
ever before.
WABASH TRAFFIC GROWING.--A Wabash
officer says that traffic does not to grow less.
no matter how much the railroad moves. There is
far offered than be moved expeditlousiy,
to keep the road busy for more than year ne
tendency is for the volume to increase rather than
diminish.
APPLICATION TO LIST.-Application has been
made to the Stock Exchange to list 100000 addf-
tfOnal capital stock of the Bank of the Metropolis