New-York tribune., 1902-02-22
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London was a dealer in
this market the extent OF about 25 900 shares of
which 10000 shares sales The selling was
principally in Southern Pacific Union Pacific and
Baltimore and Ohio. New-York buyer OF
American stocks in the London market before the
opening Of the New-York Stock Exchange
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamate ted Copper Anaconda. Atchison
common and preferred. Brooklyn Rapid Transit.
Baltimore and Ohio common Delaware and Hud-
son, Erie common, first and second preferred
Louisville and Nashville. Manhattan. Missouri Pa
cic New-YOrk Central. Peoples Gas. Reading
first preferred Rock Island St. Paul. Southern
Railway preferred. Southern Pacific Sugar, Ten
nessee Coal and Iron. Union Pacific common and
preferred United States Steel common and pre-
ferred. United States Leather perferred, Wabash
preferred and Western Union, per cent.
MEXICAN CENTRAL.-The management of the
Mexican Central Railway has under consideration
the subject of a refundng mortgage. which will
take of the present issues OF income bonds, as
well the short time bonds recently issued The
present general mortgage has only nine more years
run. and its maturity is also to be provided for
TENNESSEE COAL AND IRON.-It is said that
it account of the delay In the completion OF
the steel rail mill Of the Tennessee Coal and Iron
Company Emsey. from which the Louisville
and Nashville Railroad expects to take a great
portion of its output, that the railroad company re-
Gently ordered thirty thousand tons of rails abroad.
The foreign rails will be brought in the Louis
vile and Nashvilles freight ships Pensacola and
distributed thence over the company's system.
The rail mill is finished, but has not yet begun the
manufacture of rails being engaged in making
small steel biets.
BACK COUPONS-The point is in dispute to
whether when the payment of interest on income
bonds is begun the back unpaid coupons should be
detached and surrendered with the coupon which
is to be paid In some cases company has adver-
tised that the interest declared will he paid
render Of the coupon to be paid and all prior cou
pons In many more instances nothing has been
said regarding the prior coupons. although in many
cases claims have been made that some of these
prior coupons should have been paid, the company
having earned the surplus applicable therefor.
This question arises in the case Of the Peoria
and Eastern income bonds. the first payment
which has just been ordered.
RAILROAD RETURNS-The New-York News
Bureau reports that for the first week OF Feb
ruary the gross earnings of forty-eght railroads
amounted to 1896 212. against 29 in the
responding period last year. decrease Of $193 O07
2.5S per For the second week Of February
the gross earnings of thirtynine railroads amount
ed to S72S9 c5 against S714OO2 In the correspond
ing period last year, increase of s145,O63. 2O3
per From July / to February IA the gross
earnings of thirty-nine railroads amounted TO $40
O475 against $24S 464S7 in the corresponding period
last year increase OF S215.oSi or SO per cent.
BIRMINGHAM RAILWAY BONDS.-Ladenburg
Thalmanu & Co. offer and recommend to investors
at l0l and interest the unsod balance Of S. 10000
first consolidated mortgage per cent gold bonds
OF the Birmingham Railway, Light and Power
company, or Birmingham Ala. These bonds ma
ture July l. 1851, may be called at 10 after
July l. 1895. and are first mortgage upon all the
lighting plants and street railway systems in the
county in which Birmingham is located subject
to Sl.250.OO0 outstanding bonds of the Birmingham
Railway and Electric Company. secured by a first
mortgage on one half OF the mileage OF the street
railway system, for the retirement OF which like
amount OF bonds held in the hands of the
trustee The company is consolidation Of the
gas. electric light and street railways operating
in and about Birmingham and serves population
sNoodG are being expended on i'm
prOvements and extensions OF the COmpanys prop
critics, and the remaining 100000 is available for
the purpose 10 the extent of - per OF the
actual cash value OF such improvements. the com
pany provide the other - per cent.