New-York tribune., 1901-06-05
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London houses bought in
the early trading. but subsequently, sold upward OF
10000 shares, sales on balance agsregatns ""''o
shares.
STOCK LOAN QUOTATIONS-Loan quotations
were: Atchison common, Northern Pacific pre-
fcrred and Rock Island. >; AtChison preferred.
Chicago. Burlington and Quincy, Peoples Gas, Gen
cral Electric Missouri Pacific NewYork Central.
Northwestern, Southern Pacific, Reading first pre-
ferred ST. Paul. Sugar. Union Pacific common and
preferred. American Tobacco common. Continental
Tobacco common, Amalgamated Copper Manhat-
tan United States Leather preferred, Brooklyn
Rapid Transit Delaware and Hudson, Tennessee
Coal and Iron. Western Union, Southern Railway
preferred Louisville and Nashville Baltimore and
Ohio common and United States Steel common and
preferred. 303I2.
PEOPLES GAS.-The accumulation OF Peoples
Gas continued I'm expectation of an extended ad-
vance The new agreement with the city Of Chi
cago will free the company from legal attacks by
the municipality in the future. The company now
has complete control OF the gas business in Chi
cago In addition IT is to acquire the electric
lighting business as the Consolidated Gas Com
pauy has done In New-York The Illinois legislat-
ure having adjourned for TWO years. there Will in
that period at least be no inimical legislation II
Is said that the Peoples company's earnings equal
. per cent its stock and its earnings are
steadily increasing.
SOUTHERN PACIFIC-Scuthern Pacific
well bought but no confidence was placed in the
Gibson system. I, was also ported that Missouri
Pacinc after the Atchison- The enormous
earnings OF the Southern Pacific warrant the pur-
chase OF the stock
HARD COAL STOCKS.-Outario and Western
was strong on buying induced by the announcement
regarding the acquisition by the company OF the
oil Delaware and Hudson Canal route. on which It
Is proposed 10 build Ontario and Western
branch TO Kingston Morgan brokers bought all
the hard coal stocks, with especially heavy pur-
chascs OF Erie and Reading issues.
COLORADO AND SOUTHERN.-Of the very
cheap stocks Colorado and Southern common IS
being bought by active spectators for cousid-
erAble rise. The prospects are that the road will
be- taken over by the Missouri Pacific in its pro-
posed constellation and in this case the stock
should have "A substantial advance The earnings
OF the property increasing.
GENERAL ELECTRIC.-Gcneral Electric made
large advance on small dealings. The Street is
very hullish this stock and in some quarters
talk of a big stock dividend is heard. The com
pany Is making enormous earnings. and there Is a
chance that the stock Will be returned TO the basis
prevailing before tho capital reduced 40 per
cent
WABASH EARNINGS-Net earnings Of the
Wabash are large enough at present to pay all
fixed charges. maintain the equipment and road
bed provide for considerable betterment work. pay
the full requirement the "A debentureS and
leave a small surplus the b dehentures Good
results anticipated from the proposed Pittsburg
connection. From this. and result of other
financial operations and the prospects Of increas-
ing earnings the company should soon be able TO
pay the fun per cent on its debenture "B bonds
and eventually a dividend the preferred stock.
UNION PACIFIC CONVERTIBLE FOURS.-The
fourth and final instament subscriptions
the Union Pacific Railroad Company first lien con-
vertihe per cent gold bonds must be made on
before June 10, 1901, under penalty of forfeiture
subscription rights and nstalments already paid.
In the payment of this final nstalment II under
stood that certified checks will he required by the
Union Pacific Railroad Company.
SILVER ENPoRrS--The steamship ST. Louis.
sailing for Europe to-day will out 1872 600
ounces of silver shipped follows: The United
Metals Selling Company. 442 COO ounces, and Zim-
mermann & Forshay so GOO ounces