New-York tribune., 1901-09-17
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London prices
higher. and arbitrage houses bought in the local
market balance. Total dealings amounted to
upward of 40 600 shares.
STOCK LOAN QUOTATIONS.-There was a
good demand in the stock loan department of the
Stock Exchange yesterday for Atcnison common.
Chicago Terminal. Erie common, Republic iron
and Steel common and preferred. Union Pacific
common and United States Steel common Loan
quotations were: Amagamated Copper. Anaconda
Atchison preferred. Brooklyn Rapid Transit, Della
ware and Hudson. Erie common, first and second
preferred. Louisville and Nashville Manhattan
Missouri Pacific. New-York Central Northwestern
Northern Pacific preferred, Peoples Gas Reading
first preferred st. Paul. Southern Railway pre-
ferred. Southern Pacific. Sugar. Tennessee Coal
and Iron, Union Pacific common and preferred
United States Steel common and preferred. United
States Leather preferred. Wabash preferred, West
ern Union, sac per cent; Atchson common 312G4;
Baltimore and Ohio common 3: Chicago Terminal
Republic Steel common and preferred q Rock
Island. T.
REPUBLIC STEEL.-The independent steel
shares strong features. especially Republic
and Steel preferred. which made net gain
of 3I2 points to 81 Buying for the account or
several prominent interests closely identified with
the company. The company is earning a large
amount of money. and its order books are nhed
for six months ahead. The apparently poor show
ing of earnings last year due to factors which
will this year The companys tanor
question has been satisfac ctorily arranged for the
year. The policy of the new management 'which
is made up of practical iron mem is to spend
money on the property in order TO bring all the
plants to the highest degree of physical efficiency
The company owns iron and coal lands ana pai'S
valued So O0O.O0A
BUYING AND SEI.LING.-Commission houses
were heavy buyers throughout the day. small
orders being prominent John VI. Shaw & Co. took
10 600 shares of Erie II. Content & Co were heavy
BUYERS of United States Steel shares, and A A.
Housman e. Co. took large blocks of Atchison and
Union Pacific. Gould. Vanderbilt and Standard
oil brokers bought. Street & Norton were heavy
sellers of various issues putting upward of
so Oo0 shares Flower & Co. heavy buyers OF
ST. Paul
TRACTION SHARES.-The local traction shares
were strong features. and there appeared TO be a
big short interest present. The Metropolitan re-
port had a favorable effect. Good buying was re-
ported in Brooklyn Rapid Transit The strength
in Manhattan in the closing quotations was an
important feature. and was taken 10 indicate that
the change OF traction would be discounted in the
market The important saving accomplished by
Netropohtan in the substitution OF electricity for
cable shown IN the annual report, was taken as
a guide and the stock was freely bought by the
commission houses
MISSOURI PACIFTC-Earnngs Of the Missouri
Pacific for July show an increase in gross earnings
of se5s sos and an increase in net of Si57 4S From
January / earnings have increased sl.967l3s
Good buying reported IN Missouri Pacific stock
yesterday Gould brokers bought.
REDUCTION AND REFINING EARNINGS
The net earnings OF the United States Reduction
and Refining Company for August, the first month
of the company's operations. SIS 600 two OF
its plants This is at the rate OF $4,000 per annum.
and is equal 20 fixed charges OF s1sO,ooo sinking
fund requirements amounting to $4,000. dividend
of s per cent or $4,000. on 100000 preferred
stock. and balance OF $4,000 or per cent on the
common stock.