New-York tribune., 1904-08-10

souri Pacific Peonle'x Gas Reading first preferred
Rcck Island Southern Railway preferred SouIn-
ern Pacific. Sugar, United States steer coIillI
United States Leather preferred Wabash preferred.
smelters common and Republic Steel common,
per cent; Atchison common and preferred baiu-
more and Ohio common Canadian RACINE OOh-
solidated Gas, Delaware and Hudson. Erie hrsI
and second preferred. Louisville and Nashville
Manhattan. tennessee Coal and Iron &q1 per
cent; Norfolk and Western. Metropolitan oTeet
Railway Union Pacific common and preferred anu
United States Steel preferred, q per cent New
York Central Pennsylvania and st. Paul. 1sg>4 per
cent and western Union Smelters preferred, Re-
public Steel preferred and American Locomotive
preferred fiat.
CANADIAN PACIFIC.-Although net earnings
of the Canadian Pacific in the last fiscal year were
lower than in the preceding year. owing to the IN
creased operating expenses caused by the excep-
tlonaIly severe winter. the annual report showed
after ell expenses and fixed charges balance
equal to nearly 10 per cent on the capltal stocA
compared with 11.H per cent in the preceding year
and 11S6 per cent in 1902 Operating expenses IN
creased II per cent compared with 81 per cent in
the year before.
REPORT ON COTTON CRoP-Oficers of the
St Louis Southwestern Railway Company have
received a message from the company's vice Presi-
dent stating that all reports from the cotton crop
on the st Louis Southwestern lines indicate the
largest crop In many years. The message also
said tEat business conditions in tho Southwest are
extremely encouraging.
Of 81 10000 will be shipped TO Cuba by Saturday $
steamer making 100000 far sent to that island
on account of bond payments The Sub-Treasury
has paid to the banks in the last two DAYS on ac-
count Of gold deposited at San Francisco nearly
100000. Strength in the sterling market yester-
day suggested the possibility OF gold exports to
Europe on Saturday.
SUGAR PRICES HIGHER.-The American
Sugar Refining Company has advanced its price
for refned sugar points, Raw sugar is firm ar
4G4l5 for centrifugal. 9-lS Tor musCoVadO and
5-l6 for moasses. The difference between the
raw ana refined product is large enough to give
the retners largo proHt. The statistical pOsitlpn
of the sugar trade is exceedingly strong.
EXCHANGES WANT EXTRA HOLIDAT.-The
members OF the New-York Cotton Exchange have
petitioned the board of managers 10 close the eX-
change tho Saturday preceding Labor Day
The Coffee Exchange will be clos d on that date,
ard ii is expected that the Stock Exchange gov
erning committee will decide to give the members
the extra holiday
APPLICATION TO LIST.-AppIication has been
made by the Atlantic and DanviIe Railway Com
pany the Stock Exchange to list ST15 600 second
mortgage bonds Of 194S and by the Southern Rail
to list Sl250,00O first mortgage per cent bonds
OF 1904.
TELEPHONE REPLACED.-By order OF the
governing committee Of the New-York Stock Ex-
change. the telephone OF Mendham Brothers which
with ten others was removed from the Stock E,X-
change some time ago. was replaced yesterday
morning None Of the officials Of the exchange
would discuss the move, nor could II be learned
the cases OF other brokers whose telephones were
ordered out.