New-York tribune., 1901-04-30
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London dealt on both
sides Of the market total operations amounting to
125,0o0 shares. There were heavy purchases
of Union and Northern Pacific issues and the
United States Steel shares. Purchases exceeded
sales ny l00 shares
STOCK LOAN QUOTATIONS.-Loa quotations
We're: AtcAIson common Northern Pacific common
Delaware and Hudson. Western Union. Louisville
and Nashville 3: Atchison preferred. Chicago
Burlington and Quincy. Missouri Pacific. New-York
Central Northwestern. Manhattan. United States
Steel preferred. 32, Peoples Gas General Electric
Northern Pacific preferred, Reading first preferred
ST. Paul Sugar. Union Pacific common and pre-
ferred American Tobacco common, Continental
Tobacco common. United States Leather preferred,
Brooklyn Rapid Transit, Tennessee Coal and Iron,
Southern Railway preferred United States Steel
common. Amalgamated Copper, Southern Pacific,
1; Rock Island, 2i2; Baltimore and Ohio common.
2l4Q3.
CHARACTER OF TRADING.-Chicago houses
heavy buyers Of all the Western stocks.
Woershoner & Co. bought upward of 10000 shares
Of Northern Pacific. while other Western houses
took about 10000 shares ST Paul. Rock Island
and Union Pacific Bell & Co. Talbot J. Taylor &
Co. and Payne & Van Antwerp were heavy buyers
OF United States Steel issues. Rock Island
actively bought by F. W. Savin & Co. and A. \.
Housrnan & Co. This stock lent at 4 per cent
premium for overnight. In Union Pacific
Halle & Stiegtz the heaviest buyers. taking
about 50O1 shares. This firm also active in
Brooklyn Rapid Transit. The local traction shares
were all well bought, especially Brooklyn Rapid
Transit There also fair buying of the
thracte coal shares. Commission houses had
heavy orders both SIDES of the account.
ATCH1SON.-Buying of Atchison is attributed to
Pennsylvania interests, despite Pennsylvania
denias. Atchison directors will meet early in May
TO take action on a dividend the common. and it
is expected In some quarters that a semi-annual
rate of per will be made. In some well in
formed circles it is said. however. that the rate
will not be more than Ia per cent. The company
for nine months of the fiscal reports earnings
that indicate from 6la TO per cent on the common
for the year.
NETWORK AIR BRAKE STOCK.-The directors
OF the New-York Air Brake Company have issued
p circular TO the stockholders TO the effect that
they have authorized the sale of 6625 shares OF the
capital stock of the company at par being a part
of the unssued shares in the company's treas
ury; proceeds to be used for the development of its
foreign business and the construction of additional
works
INTERNATIONAL POWER.-There
newal of the demand for International Power. and
the stock had sharp rise in price. The state
made, by authority, that an important
announcement would be made this week in
gard 10 the locomotive combination. The accumu-
lation of International Power stock by strong in
terests proceeded quietly for time in prep
aration for the amalgamation of leading locomo-
tive works The scheme is understood TO be prac-
tically completed, and il is said that 1t will prove
specially advantageous to International stock
holders.
STOCK MARKET RECORDS.-In addition to
breaking the record for total sales the market
established a record for hours trading.
sales in the first hour amounting 739.s7S shares
against 71l,G00 shares the best preceding record.
In view of the fact that Exchange members traded
for the first time in quarters. the record
especially remarkable.
RUSSIAN BONDS IN DEMAND.-Farson Leach
& Co, who are offering Russian per cent guar
anteed bonds. report that excellent demand
comes from private investors and from national
banks and companies, the latter institutions
buying both for their account and for the ac-
count of the customers These securities are of
course. not available for institutions whose in
vestments restricted by State laws, but by
reason of the feature whereby the principal and
interest are payable in gold coin of the United
States in New-York much of the prejudice that has
been shown by private investors toward foreign
bonds In former Instances has been oyercome.