New-York tribune., 1903-03-24
6.1O0 Total sales.
WHEAT.
WALL STREET AND EXCHANGES.

1900 shares In he local market mostly sales. In
London the weakness in Consols which declined
to aO% breaking the low point Of the BoeT war.
had depressing influence on the general list
Liquidation for foreign account was the principal
cause of the decline. Discount rates were hrm
abroad. but exchange rather easier In the
various European centres.
STOCK LOAN QUOTAT1ONS.-Loan quotations.
were: Amalgamated Copper. Anaconda, American
Ice, Atchson common and preferred, Brooklyn
Rapid Transit. Baltimore and Ohio common Cana
dian Pacific. Colorado Fuel. Delaware and Hudson.
Erie common. first and second preferred. Louis
Vile and Nashville Manhattan, Missouri Pacific.
New-York Central. Metropolitan Street Railway,
Norfolk and Western. Peoples Gas. Reading first
preferred, Republic Steel common and preferred.
Rock Island ST. Paul and Southern Railway pre-
ferred 51a per cent. Southern Pacific, per cent:
Sugar Tennessee Coal and Iron. Union Pacific
and preferred. United States Steel com
mon and preferred, United States Leather pre-
ferred Wabash preferred and Western Union. 617
per cent
MISSOURI KANSAS AND TEXAS.-The gross
earnings OF the Missouri. Kansas and Texas have
increased since 1899 1902 from 820o000O to SIS
100000. while the net earnings have increased
about 81 10000 to $o000000 There have been sur
plus earnings each year with $54S000 in 1899, $45Ooo
in 1900 $3.50 600 in 1901 and 900 in 1902. the last
amount being equal to nearly per cent on the pre-
ferred stock. The gross earnings mile are $1,000
and the net earnings 5000. Fixed charges are
81 5SS mile, against s.. .457 the Missouri Pacific
The total pital mile is $6l 0o. or about $4,000
more mile than that of Missouri Pacific, the
larger capitalization being chiefly in common stock
Since July gross earnings have Increased h7"''Ht
while it is likely that in the rest of the year better
results will be reported owing to the heavy move
nent of freight which the company is now hand
ling It is thought that the preferred stock ought
to sell above it's current level, as there Is only
s13o00O0O OF the issue
STEEL TRADE OUTLOOK.-A director Of the
United States Steel Corporation is quoted as fol-
lows:
If the railroads could handle the traf1c the out
put Of the iron and steel mills Of the United States
ent the output is hampered in two ways.by delays
IN a6s tbe aRuaetured product to the
quickly. If the manufacturers could P50auS@ P theIn
more neg Of steel rails than the rst estimates of re-
ads fGr by the the @ are aocay
times larger than those of last year Last season
miles the contracts under way and eTfsp'4as Sia 2ast w
probably aggregate T"O ~ aies ar9S upon the con-
tinued prosperity of the iron and steel manufact-
Pe = OF vii tie be mpossbe for the
to catch up with the demands for at feaSt yHaT oT
and structural steel Steel wire and rods are also
vafing or better prices
ATCHISON'S HEAVY TRAFFIC.-An ofhcer OF
the Atchison. Topeka and Santa Fe says that he
hak lost all hope Of seeing the railroads Of the
West free from car shortage for several years to
come Every car and engine the road possesses
will be constantly employed for a solid year IN
handling the freight now in sight The company
is paying little attention to shipments Of grain and
The eoripment OF the road is for more remunera-
tive traffic. Industries everywhere throughout the
West are thriving. and the Inability to market
grain does not appear to curtail the buying power
of the country in the least
SOUTHERN PACIFIC-Talbot ]. Taylor & Co.
bought Southern Pacific c. Knoblauch bid the
price from 63lA 6 before meeting stock. but
at the latter figure large quantities came out. Mr..
Keene's house issued another circular yesterday.
explaining that the pool working for a sep
aration of the Southern Pacific and Union Pacific
svstems and not for the declaration Of dividend
The explanation was not conv1nctngly clear. The
stock closed weak at a net loss of point
BANK CLERKS TO DEBATE.-Members Of the
New-York Chapter and Alexander Hamilton Chap
ter Of the American Institute OF Bank Clerks will
debate tomorrow night. at Knabe Hall. Twentieth
st and Fifth ave. the question Of an asset
rency based on the assets of national banks Will
lam E Stevens, OF the Dollar Savings Bank; q
Lawrence Pegram Of the One hundred a nd six
teenth-st. branch of the Colonial Bank, and Rich
ard A. Purdy of the Mechanics and Traders Bank
will take the Affirmative. while o. H. Cheney. Of
the Garfield National Bank; Orr1n R Judd, of the
Knckeroocker Trust Company. and J. A MARITIME
of the National City Bank. will represent the mega
tive Bird S. Coler. Clarence D. Ashley and Horace
White will judges
MEXICAN CENTRAIA-Poolselling was feat
ure Of the early dealings IN Mexican Central The
stories Of an intimate connection with Rock Island
came from quarters interested in advancing the
price. and did not obtain crederce in places likely
TO be we'll informed.
AMERICAN WOOLLEN COMPANY DIVIDEND
The American Woolien Company has declared the
quarterly dividend of ~ per cent en- the preferred
stock payable April IS TO stockholders of record
at the close Of business April 2. 1903 Transfer
books for preferred stock Will be closed at the
close Of business April 2 and will be reopened
April l6 1903. This makes the sixteenth cnnsecu-
to TO rs per share
pany. amounting in all TO $4,000.