New-York tribune., 1901-05-24
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign prices for Amer
lean stocks were heavy and arbitrage houses sold
about 5000 shares of the nterna ional list in the
local market, A premium reported for the
use of the Erie stocks by foreign houses
STOCK LOAN QUOTATIONs.-Ioan quotations
Atchison, common. 8: Atchson preferred,
Chicago. Burlington and Quincy. Peoples Gas,
General Electric Missouri Pacific. New-York Cen
tIaI. Northwestern. Southern Pacific, Reading first
preferred, St. Paul, Sugar, Union Pacific common
and preferred, American Tobacco common Conti-
mental Tobacco common. Amalgamated Copper.
Manhattan, United States Leather preferred.
Brooklyn Rapid Transit, Delaware and Hudson,
Tennessee Coal and Iron Western Union, South
ern Railway preferred, Louisville and Nashville.
Baltimore and Ohio common, United States Steel
common and preferred 4d5; Northern preferred
Rock Island. 2
NORTHERN PACIFIC.-The sharp advance in
Northern Pacific created unfavorable sentiment
in the local market. II was thought II fore
shadowed ugly developments in the London mar
ket. London cable dispatches say that the reason
for the Stock Exchange Committees continuation,
until after June 10. Of its order suspending
buying in of Northern Pacific, Is that the bears
in the stock have found it absolutely impossible
to cover-excepting those who have dealt with the
Morgans.
MISSOURI KANSAS AND TEXAS MORT
GAGE.-The Missouri. Kansas and Texas Railway
has filed a 5000 go mortgage on its property in
Missouri to the Farmers Loan and Trust Com
pany Of New-York The mortgage secures bonds
dated April l. 1901 and due in 100 years carrying
per cent interest. payable semi-annualy. II Is
stated IN the instrument that the money is for re
funding the indebtedness Of the Missouri, Kansas
and Eastern Railroad. which amounts TO $5eo,01o,
and paying for necessary improvements The
mortgage Is n first lien on Missouri property
COLORADO AND sOUTHERN-Careful market
judges believe the Colorado and Southern
securities will gradually work to a better level 1t
Sc rafI. halt at Ia will
Southwestern railroad deal and recent buying
orders IN the stocks have included purchases by
brokers supposed to represent the Goulds- Earn
ings IN the current year should equal at least 4
per the first preferred.
HARD COAL sHARES.-Ciood buying was again
reported IN the hard coal shares. There were no
developments affecting the various properties, but
tho Street bullish the stocks for trade rea-
sors II is likely that the output of anthracite
this year will reach 100000 tons or more Labor
conditions the fields good. and the demand
for coal is heavy for this period of the The
outlook for the Reading company Is especially
bright. Excellent buying Is reported in Ontario
and Western
COPPER SHARES.-Amalgamated copper ad
vapCed Boston buying and reports that insiders
considered that active opposition the Montana
consolidation had collapsed. Large earnings were
predicted for all the copper companies on the in
creasing demand for copper. Anaconda 1rm
and it said that there a considerable short
interest in the stock in Europe Amalgamated
lost It's early gain in the afternoon dealings
GOULD BUYING.-Delaware Lackawanna and
Western advanced nine points buying supposed
10 be for Gould account. Traders thought that the
road had been secured by Gould interests. but the
impression in well informed circles that George
J. Gould had merely secured an interest In the
property rather than control Missouri Pacific was
strong for the noted above, and all the
could shares were firm features. Heavy buying
OF Erie also said to be for Gould account in
deed. according to reports the Goulds were buying
up several big Eastern lines