New-York tribune., 1903-01-29
WALL STREET AND EXCHANGES.

noo sbares in the local market buying bal
ance In London the general market was dull ana
consoIs a shade easier at 93ls. Money was rather
barder>jn London although there was some talk
of a reduction in the Bank of England rate on
Thursday There was frmer tone in Paris ex-
change London.
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalga mated Copper. Anaconda, American
Ice Atchison common and preferred BroohlSii
Rapid Transit Baltimore and Ohio common Chl-
cago Terminal Colorado Fuel. Delaware and Hud-
SON. Erie common and first and second preferred
Louisville and Nashville, Manhattan, Missouri Pa
cifc New-York Central, Northwestern Norloih
and Western. Peoples Gas. Reading hrst pre-
ferred 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 com
mon and preferred United States Leather pre-
ferred Wabash preferred and Western Union S@tg
per cent: Union Pacific preferred, per cent
CAR BUILDING COMPANY DIVIDENDs.-Ihe
enormous business of the building companies
has resulted in heavy net earnings, whlch nave
prompted conservative increases in dlVldenos- me
American Car and Foundry Company recently ue-
clared quarterly dividend Of l per cent on It's
common stock, as against Il of per cent at the
nrecedfng quarter while yesterday the Pressed
Steel Car Company declared, in addition TO its reg
ular quarterly dividend of per cent an extra dfvi-
dend of per cent. The regular quarterly dividend
Of Ia per cent was declared the preferred stock
Interests
Foundry Company say that earnings in the current
quarter are maintaining the heavy percentage of
gain. as shown in the record for the last quarter.
while it is expected that there will be no falling
off for many months to come There is no lessen
ing of the demand for throughout the country,
and orders for new equipment VIII ne neaFy
throughout the year
PASS AGREEMENT REPORT.-Chicago reports
that the trunk lines pass agreement is shattered,
and it will not be long, it is predicted. before the
Eastern lines exchanging passes with lines in
the Western territory. The former roads appear
to have taken the initiative in the movement by
having already issued complimentary passes to
officers of their Western connections.
ATCHISON WILL PAY BONDS OUT OF EARN
INGs-The Atchison Topeka & Santa Fe Railway
Company has 81 100000 serial bonds falling due,
which will be paid February . It is officially stated
that money will be borrowed to pay these bonds,
that the cash is in bank and that it comes out
of the surplus earnings in exactly the way
the dividends the stock.
NEW NEW HAVEN RAILROAD STOCK ISSUE
BILL.-A bill has been introduced in the Connecti
cut Legislature which apparently, on its face.
allows an indefinite issue of new stock of the New
York, New-Haven & Hartford Railroad Company
at not less than 800 share, for refunding debts
and for improvements. The first issue of stock
will probably be to retire 100000 of per cent.
bonds falling due this year.
EQUITABLE TRUST. - The Equita BILE Trust
Company OF New-York has increased its capital
pany a surplus and undivided profits of over
So 500 600.
PENNSYLVANIA NEW sToCK.-It is reported
that the Pennsylvania stock will be issued to
present shareholders at 12o.
SECURITIES LISTED.-The following securities
have been added TO the Stock Exchange regular
list: s70OO00 additional capital stock of the Bank
of the Metropolis 100000 additional unified mort
gage fifty year per cent coupon bonds of l949 of
the Long Island Railroad Company; S2,Oo0Oo9 addi-
tional 3 per cent ten year convertible debenture
coupon bonds Of 1911 of the Colorado Fuel and
Iron Company $,993, 600 first mortgage per cent
fifty year coupon bonds of 1919 of the Virginia
IRON Coal and Coke Company; s2,o00,0OO first mort
gage guaranteed per cent 1Oo-year coupon bonds
OF 2U3 of the Virginia and southwestern Railway
Company; si6000 additional first consolica mort
gage 1G0yea AZ per cent coupon bon6s of 1899 of
the Hooking Valley Railway Company; 100000 addi-
1929 of the Colorado and Southern Railway Com
trust per cent bonds of the New-York Gas and
Electric Light. Heat and Power Company (the
additional AZ per cent funding and real estate
mortgage hfty-year coupon bonds of 1850 of the
western Union Telegraph Company; $l.00O0o0 first
NewYork and Richmond Gas Company: 50 10000
first mortgage twenty-hve-year per cent
curities Corporation The 100000 bonds issued
upon the Stock Exchange list as first collateral
trust bonds" will hereafter be designated as 'frst
mortgage per cent bonds"
Crawford. president of the Westchester Fire In
surance Company, has been elected director of the
Consolidated National Bank.
USEFUL STATISTICS-Frederick f Marouand
of Nos 30 and 81 Broad-st.. has just issued book
containing useful statistics. 1t gives diagram OF
movements in the market for the year and statistics
of indebtedness and earnings of most of the raiI-
roads and industrial properties. 1T also twenty
and much condensed information that will prove
valuable to investors 1t will be any one
on application If The Tribune is mentioned