New-York tribune., 1901-05-29
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London bought small
amounts of United States Steel at the opening
Otherwise II took very little part in the trading
and was no factor in the market. The entire ar
bitrage business did not exceed twenty thousand
shares.
STOCK LOAN QUOTATIONS.-I4oan quotations
were: Atchison common. 3; Northern Pacific pre-
ferred and Rock Island q AtchisOn preferred. Chi
cago. Burlington and Quincy. Peoples Gas. General
Electric, Missouri Pacific. New-York 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. United States Steel common and
preferred and Wabash preferred. 31244.
ERIE-PENNSYLVANIA BONDS.-Bond brokers
report a good demand for the Erie per cent
collateral bonds that were issued TO- finance the sale
of the Pennsylvania Coal Company TO the Erie
Railroad Company. These issues are selling at a
remarkably cheap price. and in view of the col
lateral back Of them their value as investments
is unusually sound. The chances are that these 4
per cent bonds will soon rule price we'll above
par and for this it may be we'll for intend
ing purchasers them at the current level.
The purchase of the Pennsylvania Coal Company
by the Erie Railroad was engineered by j. p. Nor
gan & Co. and, as a consequence, the security or
the bonds involved rests on a safe foundation. APP
to have these bonds listed Active trading in issues
OF this character Will doubtless be followed by a
material advance in their price.
AMERICAN LINSEED.-The deposit of American
Iinseed stocks in exchange for the stock of the
Union Lead and OIL Company is said TO be going
on satisfactorily. The security will possess a
high value. and dividends. IL is stated will begin on
II at early day.
MINNEAPOLIS AND ST. LoUIs-Minneapo
and St Louis was bought on talk of dividend on
a per cent basis and the possibility OF the alb
sorpuon OF the property by the Illinois Central
Railroad
HAVANA COMMERCIAL.-The report re-
vyed OF prospective absorption of the Havana
Commercial! Company by the American Tobacco
Company.
AMERICAN TOBACCO-American Tobacco was
strong at the opening on buying by the pool and
insiders. Later there reaction profit TAX
'nE. II said that the Supreme Court decision
would benefit the tobacco trade in all departments.
There were buying orders in Continental Tobacco
on a considerable scale from Philadelphia.
WESTERN UNION.-It was given that West
Union earnings for the current quarter would
he equal 10 - per cent on the stock.
INTERNATIONAL POWER.-The terms upon
which the locomotive plants OF the International
Power Company will go into the American Loco
motive Company said TO be very Favorable. In
siders predict that International common stock Will
90 considerably above Ear.
NEW-YORK AIR BRAKE.-It is stated that
nearly all tho stock OF the New-York Air
Brake Company has been subscribed for. Tho
companys books Will reopen to-day.
PENNSYLVANIA STEEL--The new Pennsyl-
vania Steel stocks will be listed on the New-York
10000 cash In its treasury and TO be making
handsome earnings.
ADVANCE N ANTHRACITE-Th price OF
anthracite coal will be advanced 10 cents ton
Juno l. This is in accordance with the plan TO
advance tho price 10 cents each month up 70 Oc-
tober !.