New-York tribune., 1901-04-16
WALL STREET AND EXCHANGES.

: FOREIGN TRADING.-The London market for
American securities showed advances in the great
number OF issues. Arbitrage brokers at this
dealt in about 5000 shares. buying ball
about % COO shares. Northern Pacific Erie
and Norfolk and Western In good demand
CHICAGO TERMINAL-The advance in Chicago
Terminal stocks was due to buying by ]. s. Bache
& Co and brokers supposed to represent the Hill
Hartman interests 1t IS understood that the Chi
cago Terminal property will be leased to tho Chi
cagO and Alton a per cent guarantee on the
preferred stock. Reports regarding the property
denied by officers OF the concern but these
7 denials supposed be technical rather than
real
MEXICAN ISSUES-Mexican National and Mex
lean Central stocks were again strong features in
yesterdays market. 1t is said that the differences
which have recently been shown in the fight for
proxies be used at the forthcoming annual cleo
ton OF Mexican Central have been settled and that
a policy of harmony has been agreed upon by the
present management and those who have recently
become heavily interested IN the property. The
strength in Mexican National stock is due entirely
to the understanding that Southern Pacific inter
ests will eventually control the property Speyer
& Co recently purchased the holdings of the Mex
lean National Construction Company. and II is
naturally believed that this transaction In the
interest OF the Southern Pachc Company. Mexican
National stock recently sold low :. while In
yesterdays market It closed 1874.
PEOPLES GAS.-Transactions IN Peoples Gas
stock amounted to over 700 shares In yesterdays
per. this was the most active stock the list.
Buying of this issue represents purchases for in
terests that are well informed regarding the future
of the property. AS per cent stock, compared
with the gas stocks Of New-York and Brooklyn
Peoples Gas Is considered attractive bargain
by conservative investors. Although the Chicago
stock jobb!ng crowd has endeavored for the last
three years to investors away from this
curity. the price has held its own. and. according
TO the chief owners of the property stock 1obbins
So WI fhH ming oS
the property. At it's present price ii the
investment over per cent.
ROCK ISLAND-The advance In Rock Island at
the opening due to heavy buying by Howard
Lapsley & Co. The Street full of reports of
squeeze of the shorts in this stock, and 1t
generally understood that a number of important
speculative interests had been caught short. The
principal inside interests In the stock refused
cept the Street opinion that Atchison Pennsyl-
vania interests had secured any large amount Of
the stock In view of the fact that Burlington.
Northern Pacific. Great Northern and Erie will
form transContinental route, 1t is Illogical
suppose that the PENNSYLVANIA. Rock Island and
Atchison are seeking to secure similar trans
continental road. At least Wall Street accepts this
view situation.
CHARACTER OF TRADING. - Commission
houses We're generally sellers the opening while
traders disposed work for lower
prices. Buying orders. however. extremely
heavy, amounting in many instances 1000 and
$500 share lots In Northern Pacific. buying or
ders were extraordinarily large Thompson & Mairs
beings the heaviest buyers. taking OOoo shares
and advancing the stock par for the first time
record. Wassermann Brothers heavy
buyers of Amalgamated Copper, Southern Railway.
American Tobacco and Mexican National. Laden
burg. Thamann e Co were heavy sellers of the
United States Steel stocks while Western houses
traded both sides of the market Keene brokers
We're heavy buyers of Amalgamated Copper. Colo
rado Fuel and Iron bought by brokers acting
for a recently formed pool The advance in Metro
politan Street Railway not explained by any
known development affecting the property A sud
den demand for New-york Air Brake advanced the
stock points Tennessee Coal and Iron advanced
over points on inside manipulation; de-
velopments favoraby affecting the property have
occurred. The advance in American Linseed is
not explained by any published news re-
gardfng the property hut 1t is reported on excel
lent information that the recent loan made by the
company for five years will be paid off before that
time and dividends resumed on the preferred stock
ST. LOUIS AND SAN FRANCISCO-The pro-
posed increase in the capital stock of the St Louis
and San Francisco Railway Company Is approved
by the leading interests in the company and ac-
cording current indications the majority of the
stockholders will vote in favor of the transaction
Several inquiries have been received by The Trib-
regarding the proposed increase In this COM
panvs stock. and I'm answer IL may be said that the
stockholders interests will he improved by the ex-
tension of the companys capital stock 500 900
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common. Northern Pacific COM
and United States Steel preferred. 3h per
cent; Atchison preferred. Chicago Burlington and
Quincy. Peoples Gas General Electric Missouri
Pacific New-York Central. Northwestern. Northern
Pacific preferred Reading first preferred. Rock
Island, ST. Paul. Sugar Refining Union Pacific
common and preferred, American Tobacco common,
Continental Tobacco common. Southern Pacific
Manhattan. United States Leather preferred Brook
yn Rapid Transit. Tennessee Coal and Iron, South
ern Railway preferred Louisville and Nashville
Anaconda. Federal Steel common, Amalsamated
Copper, American Steel and Wire common and
son. Western Union and Smelling common. 3: