New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-02-26
WHEAT
WALL STREET AND EXCHANGES

FOREIGN TRADING.-London was not active IN
this market 1t sold about 1000 shares. chiefly
Southern Pacific and Atchson. and bought 5000
shares. mostly United States Steel
STOCK LOAN QUOTATIONs.-Loan quotations
were: Amalgamated Copper. Anaconda Atchison
common and preferred Baltimore and Ohio COM
mon. Chicago Terminal. Delaware and Hudson. Erie
common. first and second preferred. Louisville and
Nashville Manhattan. Missouri Pacific, New-YOrK
Central Peoples Gas, Reading first preferred, Re
public Steel common and preferred. Rock Island
st. Paul. Southern Railway preferred, Southern
Pacific Sugar Tennessee Coal and Iron. Union
Pacific common and preferred United States Steel
common and preferred. United States Leather pre-
ferred Wabash preferred and Western Union, 20
2Aq212 per cent; Brooklyn Rapid Transit, ?.
PREPARING FOR THE CALL.-National banks
have been strengthening their reserves in prepara-
ton for the statement of their condition which the
Controller of the Currency is expected to call Tor
on some day in February or March.
CHICAGO AND EASTERN ILLINOIS-It Is
reported from Boston that the next dividend the
common stock of the Chicago and Eastern iii
nos Railroad is to be at the rate OF per cent, in
stead of per cent, at present The road Is said
to be showing net earnings at the rate OF 10 per
cent on the common stock 1t also is reported that
there will before long be a distribution of the
treasury stock. which consists of $4Si7,0O common
and $3.50 600 preferred. 1t is said be possible
that the Chicago and Eastern Illinois will be leased
jointly by the Louisville and Nashville and Gould
system of roads. The Chicago and Eastern ILL
nois will connect at Thebes when the bridge across
the Mississippi is completed. with the st. Louis
Southwestern. Gould road, and joint lease OF
the road would give both the Louisville and Nash
Vile and the Gould system entrance into Chi
cago
ANTHRACITE COAL-It is believed that there
will be no change in prices OF anthracite coal on
March l. Whether prices will be changed April
l is uncertain. Last year the anthracite COM
panies issued circulars stating what the prices and
discounts would be in April and the following
months. The discount in 1901 amounted to so cents
a ton in April which amount reduced to 10
cents ton each month during the succeeding five
months.
AMALGAMATED COPPER.-While lacking con-
frmation little doubt is entertained that the Clark
mines in Montana have been secured by Anal
gamated interests. Relations between the Anal
gamated company and Senator Clark said to
have become friendly. Trade sentiment is that
the situation in copper is still unsatisfactory. A
great deal OF copper has changed hands. but
transactions have been largely speculative. The
actual consumption OF the metal at home and
abroad does not seem to have increased very
materially.
SEWER PIPE,-Oficers Of the American Sewer
Pipe Company say that the company Is hampered
by scarcity of cars. and that all the factories
behind on deliveries Shipments held up for
weeks at time. The Southern States are buying
great deal OF sewer pipe. which indicates the
growth and Improvement In the cities and towns in
that section. There is also increasing demand
from New-England and Pennsylvania. but the
greatest market for sewer pipe is greater New
York.
SITUATION IN TIN.-The present extraordinary
conditions In tin said to be largely due to the
fact that spot metal is practically cornered in
London while the demand here Is slow. Tin
arriving is sold At one-half cent pound below the
equivalent price in London.
DIVIDEND DECLARED.-The American Grass
Irvine Company has declared A dividend of IL
per cent on its capital stock. payable March 10
Books close March Is and reopen April .