New-York tribune., 1902-02-07
MINING STOCKS.
Open High Low Last Shares
ing est est. sale. sold.
Total sales ......
WALL STREET AND EXCHANGES


FOREIGN TRADING.-Foreign hoes bought
stocks in the local market, taking in al about
so 900 shares. Union Pacific was in good demand.
On the London Exchange prices were higher. the
advance being helped by the reduction in the Bank
of England's discount rate to per cent.
STOCK LOAN QUOTATIONS.-LOan quotations
were: Amalgamated Copper, Anaconda. Atchison
common and preferred, Brooklyn Rapid Transit
Baltimore and Ohio common Chicago Terminal,
Delaware and Hudson, Erie common, first and
ond preferred, Louisville and Nashville, Manhattan,
Missouri Pacific. New-York Central Northwestern,
People's Gas, Reading first preferred Republic
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 COM
mon and preferred, United States Leather pre-
ferred, Wabash preferred and Western Union. 2A
per cent.
MARKET INFLUENCES.-A number OF infiu-
ences combined to stimulate bull sentiment. The
action the Bank of England in reducing its rate
of discount regarded a strong insurance of
monetary ease Advices from Washington indi-
Gated that the question of tariff agitation would be
disposed of emphatically. At the same time it was
intimated that relief would be extended to Cuba,
thereby averting disastrous financial crisis in that
island. Other legislative prospects were said to be
favorable. Weather conditions for the Western
crops were reported to be excellent Prospects of
increased dividends in many directions exerted
good influence The Street took the view that the
gathering of capitalists at the Widener dinner in
purpose and the activity Of the large moneyed in
terests Of the country reported to be assured
MISSOURI PACIFIC EARNINGS.-It is stated
that the decrease in the earnings OF the Missouri
Pacific Railway Company for the fourth week of
January was due entirely TO the severe storms.
which practically tied up the road for four days
out Of the 1t is also stated that except for
these conditions material increase would have
been recorded for the week. The company suf-
fered particularly it's lines in Missouri and Ar
kansas Private official advices from the West state
that because OF the large amount Of business being
offered steadily and the storms OF last week. the
company's yards blocked with traffic, and that
the earnings for the first week of February should
make an excellent showing in spite of the continued
extreme cold weather.
ERIE COLLATERAL 4S.-The Erie collateral As,
of which information is asked, were issued to
finance the purchase by the Erie Railroad of the
Pennsylvania Coal Company. They are secured
by nearly all of the Pennsylvania Coal Company
stock by 81 per cent of the New-York Susquehan-
ma and Western stock, by the stock of the Erie
and Wyoming Valley Railroad and the Delaware
Valley and Kingston Railroad. sinking fund OF
10 cents for every ton of coal sold will purchase
bonds at exceeding 1O5 Accruing interest
kept alive under the drawing provision OF the
mortgage will be added to the sinking fund. which,
Il IS estimated. will be sufficient 10 retire the entire
issue at or before maturity.
INTERNATIONAL PUMP.-Tnternational Pump
common stock. which pays per cent and yields at
current prices nearly per cent, has been bought
recently
capitalists. The company's earnings are at the
rate OF more than 10 per cent the common stock,
OF which there is $2262.5OO outstanding of total
issue OF $l50O0O0O. There is &50000 per cent pre-
ferred outstanding
BOOKLOVERs LIBRARY DIVIDEND-The di-
rectors of the Booklovers Library have declared
dividend of 2IR per cent for the three months end
ing on January 81 the stock OF the corporation.
In future the dividends will be paid half yearly in
stead OF quarterly.
vTrrA Ar~rfN no hos haav,
made TO the Stock Exchange to list S10OO.0OO addi
tional capital stock of the Pennsylvania Railroad
Comnanv This stock is issued take up the
outstanding capital OF the Pennsylvania and
Northwestern Railroad recently acquired by the
Pennsylvania.
LARGE GOVERNMENT BOND PURCHASES.
The Sub-Treasury has purchased government
bonds of the par value Of 800; the amount dis
bursed was s65O31.
w w TRACY, vICE-PREsIDENT.-w W.
Tracy. Of Tracy & Co. was yesterday elected vice
president OF the First National Bank OF Springfield
III. Mr. Tracy has been director of this institu-
tion for twenty years.
FIRST MORTGAGE GOLD BONDS-William
s Fanshawe offers to investors 100000 United
New-Jersey Railroad and Canal Company 3l@ per
cent first mortgage gold bonds. due 1851. These
bonds exempt from tax in New-Jersey. and are
guaranteed by the Pennsylvania Railroad Com
pany.
STREET RAILWAY BONDs.-N. W. Harris &
Co offer to investors 100000 Utica and Mohawk
Valley Company forty year AZ per cent gold bonds
due 19T The bonds are secured by mortgage on
the entire street railway system I'm Utica and ad-
jacent cities including branches now in process OF
construction.
NEW SHANGHAI BANK AGENT-A. NJ. Town
send, agent for the Hong Kong and Shanghai
Banking Corporation at New-York. has been ap-
pointed joint manager in London for that bank. and
will be succeeded here by J. p. Wade-Gardner
manager Of the banks Shanghai branch Mr.. Town
send expects to leave New-York about the end of
month.
NETWORK STOCK EXCHANGE MEMBERS
Braxton Grigsby. f. J. Laidlaw and Harry Rinds-
kopf were elected members of the Stock Exchange
yesterday.