New-York tribune., 1902-05-21
WALL STREET AND EXCHANGES.

WALL STREET AND EACHANG
FOREIGN TRADING.-Foregn houses were not
active in the local market dealing in about htteen
thousand shares. mostly purchases. Inc lohuoh
market stimulated by moderate buying or
ders which were sufficient to advance the inter-
national list a to 3. per cent. The purchases were
principally for New-York The general market
was fairly firm. and consols and the kathr stocks
showed sufficient strength to indicate confidence
in a successful termination OF the peace negotla-
tions. Paris exchange on London continued hrm'
and money was in moderate demand in the vari-
European centres.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amalgamatei Copper, Anaconda American
Ice, Atchison common and preferred. Brooklyn
Rapid Transit. Baltimore and Ohio common chi
cago Terminal. Colorado and Southern Delaware
and Hudson, Erie common. first and second pre-
ferred Louisville and Nashville. Manhattan. Mis-
souri, Pacific. New-York Central Northwestern
Northern Pacific preferred. Peoples Gas, Reading
first preferred Rock Island, st. Paul, Southern
Railway preferred Southern Pacific. Sugar Rein
ing Tennessee Coal and Iron Union Pacific COM
and preferred United States Steel common
and preferred. United States Leather preferred
Wabash preferred Western Union and Republic
Steel common and preferred. Az per cent.
PERE MARQUETTE PLANS BUFFALO EX-
TENSION.-The Pere Marquette Railroad Com
pany has again taken up the proposition of ex-
tending its system from Port Huron and Detroit
70 Buffalo. Engineers have given estimates on
the cost Of building line from Buffalo TO St
Thomas and negotiations are pending for the pur-
chase Of the Lake Erie and Detroit River Railroad.
which operates between ST. Thomas and Saranac.
opposite Port Huron. The prospective improve
ments will include the construction OF about one
hundred miles and the purchase Of over one hun
dred miles of track.
TENNESSEE COAL AND IRON DIRECTORS
ORGANIZE.-The directors OF the Tennessee Coal.
Iron and Railroad Company have organized by
ole OfF1 d H. Bacon chair
man and president: F. s. Witherbee. first vice
president; Charles McCrery. second vtce-presdent;
L. T Beecher secretary and treasurer; H X.
soat assistant secretary and treasurer. The di-
rectors OF the company have been divided Into
three classes. follows First class TO hold office
for three years second class TO hold ONCE for two
years and third class TO hold ONCE for one year
PEOPLES GAS RUMOR DENIED.-Ofcial de-
malls have been made OF the report that the Peo-
pies Gas Light and Coke Company and the chi
cago Edison Company TO be taken over by
500 OOoOO0 company that was also 70 include
number Of gas and electric light companies In vari
small cities throughout the country
AMERICAN GRASS TWINE.-Much OF the buy
ing OF American Grass Twine stock IN the last
month has been for investment account. The
stock has advanced slowly and It is expected that
# will gradually work to a basis more In proper
tiou intrinsic worth. As II pays per cent.
its present price is manifes,ly too low. In yes
terday's market the quotation q Of per cent.
making gain since Friday OF over points
CHICAGO SENDING CURRENCY HERE
New-York exchange Go premium at the close
Yesterday at ChicaRo-somewhat over the shipping
basis and about 81 600 900 in currency went by
press 10 New-York. II is cheaper TO ship the cur
rency than TO buy the exchange. The Chicago
market seems TO have been cleared entirely OF
New-York credita
APPLICATIONS TO LIST-The International
and Great Northern Railway Company has applied
TO the New-York Stock Exchange to list s4i4.GoO
additional first mortEaG ID per cent bonds
Of 1919 and $444OOO ade llnal second mortgage
gold per cent bonds OF 1909.
MOORE NORTHWESTERN PROXIES TURNED
IN.-Moore Brothers have sent their proxies
their holdings Of chicago and Northwestern stock
TO the official proxy committee. to be voted at the
annual meeting. June
DENIED BY THE PRES1DENT.-D S Ramsay.
president Of the Hide and Leather National Bank,
denied positively yesterday that there any
truth in certain Wall Street rumors that
was imminent in the stock of the bank, owing To
efforts OF a syndicate TO secure control OF IT He
said that the control of the bank rested firmly
where II had been. and that there was effort in
progress to change it,
WILLIAM ROCKEFELLER DIRECTOR.-At
special meeting yesterday OF the stockholders OF
the New-York and Harlem Railroad Company
William Rockefeller was elected a director to fill
the vacancy caused by the death OF Alfred Van
Santvoort. No other business was transacted.