New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-07
wal STREET AND EXCHANGES.

FOREIGN TRADINC.-ForeEn houses dealt in
1000 shares in the local market, mostly sales. In
the London market the politt>al situation in the
Far East and the passing Of the Steel common
dividend were the governing factors. Consols lost
u. per cent al SIS and American stocks were gen
orally l. 10 | per below parity. with the most
serious decline In Steel preferred, which lost Ia
per cent The news from the Far East strict
" censored but private cables pessimistic.
There feature in money or exchange in any
Of the European centres. Bar silver was notice
ably strong on buying for india and China. Rus
stan and japanese bonds were weak with decline
Of per cent IN the Russian = and almost as much
in the Japanese issues
AMERICAN CAR AND FOUNDRY DIvI-
DENDS-The American Car and Foundry Com
pany directors have declared dividend OF | per
cent the common stock for. the half year ended
June 30 payable in two quarterly instalments. This
IS a reduction of one-half 81 per cent from the
last quarter and II is in line with the company's
policy treat the common stock N a conservative
manner at all times paying dividends AZ a rate
which will leave a large surplus for working capt.
tai The regular dividend Of 124 per cent for the
quarter was declared tho preferred stock. Net
earnings for the three months ended November 30
Sl56l ass. against 81 i522i5 In the period
I'm 1902 and $92S Gil in 1901 For the last seven
morths net earnings have been over $4,000. an
amount more than enough to pay per cent on the
preferred and per cent the common for the
entire year. While orders have been lighter in the
last quarter the company's works are actively
a
STOCK LOAN QUOTATIONS.-Ioan quotations
We're: Amaleamated Copper Anaconda American
Ice. Atchison common and preferred, Brooklyn
Rapid Transit Baltimore and Ohio common. Cana
dian Pacific. Colorado Fuel and Iron. Delaware
and Hudson. Erie common first and second pre-
ferred Louisville ana Nashville. Manhattan. Mis-
souri, Pacific. Norfolk and Western. Metropolitan
Street railway. Peoples Gas Reading first pre-
ferred Rock Island ST Paul Southern Railway
preferred. Southern Pacific. Sugar. Tennessee Coal
and Union Pacific nd
United States Steel common. United States Leather
preferred. Wabash preferred Shelters common and
Republic Steel common. 3i2 per cent: Pennsylvania
and United States Steel preferred. 3G3l- per cent:
NeW-York central. Western Union. SHELTERS pre-
ferred and Republic Steel preferred per cent
and American Locomotive preferred. fiat.
BUFFALO AND SUSQUEHANNA-The Buffalo
and Susquehanna Railroad Company has purchased
lanes underlaid with upward of 100000 tons Of
coal located in Indiana and Armstrong counties.
Penn. In the vicinity of PlumvilIe. Including this
purchase the Buffalo and Susquehanna Railroad
100000 tons of coal and con-
trols the transportation Of almost half as much
more. The extension of the road to the coal prop-
critics is being constructed with a view to ins1r-
ing economical operation. The work has been de-
layed somewhat on account Of changes made in the
plans 10 obtain this result. In several places tun-
nels being built TO secure lower gradients
This course has somewhat delayed the opening Of
the extension but will rebound to the benefit ~ thu
property. 1t is now expected that the extension
Will he partially opened early in the spring and
completely soon thereafter
MOVEMENT OF MONEY-The navuer. 80
Assay Office checks for newly arrived imported
gold were chiefly responsible for the debit OF tho
Sub-Treasury at the Clearing House Yesterday
morning, amounting TO slHS.362 The Sub-Treas
ury paid out yesterday s135.O00 on a telegranbic
order from San Francisco Not including this ten,
the banks since Friday up To the close or bus,Uar
Tuesday, gained 265,0Oo This COMPARES with =
loss In the same time last week OF 1886 600 On 7rAs
days business only the banks lost SS6eN
ELECTIONS ANNOUNCED-At a nes,t, .
the Board of Trustees OF the Mercantil Safa n
post Company. held yesterday. William IT No
Intyre was elected vice-president and Alv,, w
krech was elected trustee. At meeting or ,ba
Board of Directors of the Mercantile Electric Corr,
pany, William H Mcintyre was elected a ,.ic
president and Alvin W. Krech was eIects5
director.
MISSOUR ri PACIFIC-In the fourth week 4, IA
cemher earnings of the Missouri Pacific shoyvsd q
increase OF S2i600O. making for the month gatn
or $a2.0oo. and for the calendar year a gain y,
IS 100 ~ 0'
SOUTHERN RAILWAYS BIG EARNINGS
Earnings OF the Southern Railway for the las,
week in December increased sioo 255 over m. SAM
time In the preceding year. and y,so4Is for IN.