New-York tribune., 1901-12-06
MINING STOCKS.
WALL STREET AND EXCHANGES.

WALL STREET iND EAtH1N uL''-
FOREIGN Reconsideration was not active in
the local market dealing in about 5000 shares FOR
egn houses sold Reading and bought the United
States Steel shares.
INTERNATIONAL PAPEK.-The quiet demand
for International Paper preferred in the last few
days has for the account of investors and
operators who appreciate the fact that the stock
is selling many points under it's intrinsic worth
Earnings Of the company are very heavy, and as
the concern controls the best part of the paper
manufacturing business in the country, the pre-
ferred stock is considered of the most attract
i've of the sound industrial issues. The 1nterna-
tional Paper Company owns thousands OF acres or
woodland, purchased at cheap prices. AS the wood
is taken off the land has been improved, and as
consequence. this land proves an increasing asset
of the company. This company's supply of wood
suitable for paper making will never become eX-
hausted. And the same may be said of Its valuable
water power. At present the company has no in
tention of placing the common stock on a dividend
basis. the policy of the management is to re-
serve after preferred dividends large proportion
of the surplus for working capital and for the
physical perfection OF the companys various plants
AMERICAN LOCOMOTINE.-The buying of both
classes of the stock of the American Locomotive
Company was of excellent character. The de-
mand for the common stock was particularly good
The stock appears to be going largely into the
hands of permanent holders Its investment quality
IS considered particularly high, in view OF the fact
that a great enlargement of the companys ia
.ciites have been found necessary to meet the de-
mand for locomotives. Furthermore the need for
locomotives, owing to the constant expansion OF
railroad interests, must steadily increase.
MEXICAN NATIONAL-The business in the
Mexican National issues continues feature of the
outside market There has been a steady i'm
provement in prices The readjustment of the
company's finances has been successfully accom-
pshed and strong interests in control. so that
a prosperous future for the property is assured
COPPER TRADE IMPROVEMENT.-Accord
to The York News Bureau there is excellent
information that the position of the copper mar
ket has improved decidedly recently, and that
consumers of the metal who had been holding off
expecting material reduction in the price of the
metal by the Amalgamated Copper Company are
buying to fill part of their actual require
ments which have become urgent.
STOCK EXCHANGE SEATS RISE AGAlN--A
membership on the New-York Stock Exchange has
been sold for s71.OO0 This is a repetition OF the
high price Of record made last spring. The last
preceding sale The seller in the present
instance $ said to have been William H. Whiting
ham, who has been a member since May 1869
SHIPMENTS OF MONEY SOUTH.-The Sub
Treasury to-day transferred to New-Orleans $l5Oeo
making 100000 shipped thissweek. the
Louisiana sugar crop. These shipments are ex-
pected to continue for the rest OF this month.
MISSOURI PACIFIC.-Mssouri Pacific was a
conspicuous strong feature on active buying by
Butler Brothers and II. l.. Smith There was no
affecting the property, buying apparently
being based the Company's earnings and pros
poets. The so-caned Gould shares in general were
firm especially the Wabash debenture bonds.
LACKAWANNA'S NEW LOCOMOTIVES.-The
Lackawanna Railroad has recently placed an order
for sixty large locomotives with the American Lo-
comotive Company. II Is expected that the great
er part of this number will be delivered by the
early part of year. The locomotives VIII be
used both in freight and passenger service.
LOUISVILLE AND NASHVILLE.-Louisville and
Nashville earnings in the last week in November
increased slO1 1888 making for the month gain of
s272 263 From July gross earnings have increased
s., 20. .9O5.
APPLICATION TO LIST.-Appcation has been
made to the Stock Exchange to list Sl3,2oOoo addi-
tional stock of Illinois Central Railroad Ap-
pication has also peen made list 100000 addi-
tional per cent debenture stock Of Chicago Great
Western Railway.
PERE MARQU UETTE,-Gross earnings OF Pere
Marquette in October increased sg7.513 while net
earnings decreased SIS 34, operating expenses in
creasng sll2.7 For the ten months of the year
the company shows balance after charges OF
sbb 73s. increase of s99,62l over the same time
year ago.
COLORADO AND SOUTHERN.-Colorado and
Southern reports gross earnings OF s11720 for the
last week In November. increase of S10.33O over
the same month year For the month the
increase was s525S5. making from July a gain OF
1853 257.
CHICAGO Observation-Disclosures Terminal Is
sues sold down by traders. both the common
and preferred suffering sharp declines. 1t was
said that the pool in the stock had been dissolved
ELECTED TO THE EXCHANGE.-Frank w.
Duryea was elected a member of the Stock Ex-
change Yesterday, taking the of his partner,
F. b. Cochran.
MEXICAN NATIONAL REIMBURSEMENT -
The readJustment managers of the Mexican Ma
tional Railroad Company give notice to all holders
of bonds and stock that deposits of over 9s12 per
cent of the outstanding second mortgage series
"A" and 81 bonds all of the income bonds and
over 97Iz per of the stock Crust certificates
under the plan and agreement dated october
being assured further deposits of bonds and stock
will be accepted only upon cash payment or
per cent on the par value of the bonds and S2 a
share OF stock deposited up TO and including De-
ce,nber 81, after which date further deposits OF
bonds or stock will be accepted only IN each in
stance in the discretion of the readjustment man
ayers and upon they impose