New-York tribune., 1904-09-22
WALL STREET AND EXCHANGES

FOREIGN TRADING.-ForeiEn houses dealt in
upward OF 5000 shares in the local market selling
on balance In the London market securities In
general were heavy. hrmer discount rates being
responsible for moderately heavy selling The
price o. gold in London was advanced again.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamated Copper. Anaconda. American
Zee Brooklyn Rapid Transit Erie common. Peoples
Gas. Reading hrst preferred Rock Island. Southern
Pacific. Tennessee Coal and Iron. United States
Steel common and preferred United States Leather
preferred. Wabash preferred. SraeIters common and
Republic Steel common. 1i-6f1% per cent; Atchson
common and preferred Baltimore and Ohio COM
mon. Canadian Pacific. Consolidated Gas. Delaware
and Hudson. Erie first and second preferred Louis
willie and Nashville. Manhattan, Missouri Pacific
and Union Pacific common II.Grz per cent; New
York Central Norfolk and Western Metropolitan
street Railway, Pennsylvania St. Paul and Sugar.
II per cent; Southern Railway preferred. Z per
cent. Union Pacific preferred per cent. and West
ern Union Shelters preferred. Republic Steel pre-
ferred and American Locomotive preferred fiat
ONTARIO AND WESTERN PLAN.-The new
financial plan Of the Ontario AMI Western. which
is to be submitted stockholders shortly is said
20 include one OF these alternative propositions
F1rst-To issue S3o.oOOOoO general mortgage / per
cent bonds reserving $-o00oo o00 in the treasury
retire outstanding bonds aggregating $4,000. 0O0
with 81 100000 authorized but not issued. Second
To capitalize its investments in stocks and bonds
OF other companies. aggregating A2.S14602. and to
make the issue 4 per cent collateral bond. with
second mortgage rights the railroads property
To adopt plan No. ! the company could capitalize
its profit and loss account Of S. o $751; and its gold
notes OF tho Scranton Coal Company. and the Elk
horn Coal Company all three aggregating SO 924 SS7
II is said that ore Of these plans is practically
tain to be adopted. Under either plan the COM
pany would get the proceeds of about S1o0OoOOO in
bonds to complete its second track. and get capital
for improvements and extensions
AMERICAN LIGHT AND TRACTIoN-The
American Light and Traction Company reports for
the period extending from July I. 1901. to July 81
1901 as follows: Earnings stock owned g. 735 lO5
interest on loans, etc. $24S.S9l; gross earnings
eS. s96: expenses. $722S2; net earnings. &Sl2u4:
dividends paid on preferred stock Is per cent?
81 5i9167; undivided profits. S1.S63.S47
UNION PACITIC-Although ruulors were cur
rent at the close OF some compromise which should
make possible the payment Of the Northern Securi-
ties dividend. there seemed 70 be rather good profit
taking Ia Union Pacific. A number Of traders have
traiIed or the ana for this reason some
Of the active professionals not as bullish as
they were Tues day.
ADDITION TO OBSERVATION-DISCLOSURES bank
circulation was increased yesterday by s. 10000 A
New-York bank took it out as an addition to it's
circulation.
-FOUR TRACK NEWS FOR OCToBER.-~he
October issue Of The Four Track News' contains
a large amount Of interesting reading matter in
cludtng entertaining articles on travel excellent
fiction and we'll written verse. This months illus
tratlons in The Four Track News are unusually
good.