New-York tribune., 1902-02-01
WALL STREET AND EXCHANGES.


was an active demand for Southern Pacific In
London the market strong, although consols
closed a shade lower for account.
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamated Copper, Atchison common
Brooklyn Rapid Transit Baltimore and Ohio COM
mon, st. Paul. Sugar. Union Pacific common, 212
per cent; Chicago Terminal, Delaware and Hudson,
Erie common first and second preferred; Louisville
and Nashville. Manhattan. Missouri Pacific New
York Central Northwestern. Peoples Gas Reading
first preferred. Republic Steel common and pre-
ferred. Rock Island Anaconda, Atchison preferred,
Southern Railway preferred. Southern Pacific,
Tennessee Coal and Iron. Union Pacific preferred,
United States Steel common and preferred. United
States Leather preferred, Wabash preferred and
Western Union, 2i2Q3.
SOUTHERN PACIFTC.-The advance in South
ern Pacific the last few days has been helped by
the report that the company has decided to refund
its high interest bonds in the near future. More
than SlOO00o. 900 of high rate bonds in the
next ten years. and II is thought that the company
could easily refund them per cent basis.
There is good authority for saying that one Of the
most important foreign houses bought call of
1nGA0 shares of Southern Pacific in London for the
end MAY London is willing at present to trade
the option. but that market is understood TO he
very bare Of stock
COLORADO AND SOUTHERN-ColOrad and
Southern issues were strong features in yesterdays
market a good class of buying. The directors
will PROBABLY take action the semi-annual divi-
dend the first preferred stock at the March
meeting. II is learned that the directors unde
cided whether it is better 10 maintain the rate at
per cent whether semi-annual rate of per
cent shall be declared. Earnings fully warrant
per cent basis.
FEBRUARY INTEREST DISBURSEMENTS
February dividend and interest disbursements like
its corresponding semi-annuaI period august is
the lishteSt OF all the months for the maturing
OF corporation payments II will amount to $50
ooo.Ooo or nearly $4O00O0O greater than last year
over onehalf of the increase is due to the United
States Steel preferred dividend The United States
pays quarterly interest on its IS IS and 5s
NORTHERN PACIFIC.-Gross earnings Of the
Northern Pacific in December increased 1896 72S
and earnings s179923. For the first half of the
fiscal year gross earnings increased SIPS e2. and
net earnings 81 544 These results compare with
"A heavy traffic period in the year before.
ST LOUIS SOUTHWESTERN PLAN.-It IS
stated suthoritativey that the proposed St Louis
Southwestern refunding plan is not definitely ar
ranged in all details and that in consequence it
Is too early 10 state anything officially She suo-
jeot It is. however, authoritativey stated that
the proposition includes an invitation 10 deposit
the present second mortgage income bonds and
that they will be offered 80 per cent in the new
general refUnding 4 per cent mortgage bonds but
that present holders left entirely free 10 make
The exchange or 10 withdraw their bonds in the
original form
GRAIN EXPORTS. -'Bradstreet's' REPORTS the
exports Of wheat. including -four. in bushels for
the week as asgregatinG 3.7O2.36S against $4,000
IN the same week last year: since July 165 s4652O
against 1477SS72 in the corresponding period last
year The exports OF corn for the week in bush
els. were 427olS against 24s77O7 in the same week
last since July l. q $50 55 against III 1870 $40
in the corresponding period last year.
APPLICATIONS TO LIST.-Application has
been made 70 the Stock Exchange TO list $50 900 COO
Baltimore and Ohio Railroad Company's Pitts
burg. Lake Erie and West Virginia system refund
ing mortgage per cent gold coupon bonds OF 1871
and 81 sol,65o additional preferred stock and y2-
9l22lp additional common stock Of the PhiIadeIphta
Company.
SILVER SHIPMENTS.-The steamship Unnbria
sailing for Europe to-day. will take out $50 600
ounces OF silver shipped follows. United Metals
Selling Company. $4,000 ounces and Zimmerman
6 Forshay 70 900 ounces
FEBRUARY DISBURSEMENTS The Daily
Stockhoder' calculates that interest becomes due
to-day on bonds having a par value of Sq32 $40 Gas
and amounts to HI5S693S. against Sl4322 1Ol last
year S13213s in 1900 Sl1 l55 in 1889 and 50 42s
936 I'm 1S9S. Dividends arc payable on stocks hav-
ing par value OF s577 e2629I calling for the dis
trbuton of 1878 706. compared with s22 olq a.
last year $2l9142ot I'm 1879 Sl6S2oq37 i'm 1893 and
Ni,S5l+l3 i'm 1885 Combined payments. interest
and divderds are S53323.6H against S31SH 576 last
Year. S25lS5G5 in 1900 $2S AS in 1899 and s2i
2NA,53H in lS9S. The government dsburses about
100000 for interest to-day. The above heavy in
crease in disbursements is due for the most mart
10 dividend payments by the United states Steel
Corporation. which did figure in the caIcuIa-
uon ago.
BYRNE MCOUN.-The Stock Exchange firm
OF Byrne MCCoun has been dissolved by mutual
consent. Joseph NJ. Byrne prominently known in
Jersey city, organizer vice president and director
OF the Federal Trust Company, of Newark with
years Of experience in this city and a member OF
the New-York Stock Exchange; Henry r NicCoun
with number Of prominent friends in financial
circles; Harold Herric-. having many years ex-
perience in Wall Street and Peter Mcdonnell we'll
known IN the oil business. director in many cor
poratons and institutions. special partner have
formed copartnership under the firm name OF
Byrne & McCoun. with offices at No. 50 Broadway