New-York tribune., 1902-02-14
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
about 10000 shares. of which 5000 were purchases
The selling was chiefly in Missouri, Kansas ana
Texas common. American stocks in the London
market were stimulated by New-York buying or
ders. and a better feeling among local operators.
Substantial gains were reported in all the active
issues The uncertain feeling on the Anglo-Japa-
nese alliance and the extent TO which England
was committed in the event Of trouble in the Far
East caused heavy tone in consols which lost
I. per cent. Money easy in all the European
centres and rates Of exchange were strong enough
to Indicate no European call for gold from Amer
lea. The Bank of England made no chanse III I's
minimum discount rate.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Amaramated Copper. Anaconda. Atchison
common and preferred. Brooklyn Rapid Transit
Baltimore and Ohio common, Chicago Terminal
Delaware and Hudson. Erie common, ist and I'd
preferred Louisville and Nashville Manhattan
Missouri Pacific New-York Central. Peoples Gas,
Reading LIST preferred. Republic Steel common and
preferred. Rock Island. St. Paul Southern Kali
way preferred. Southern Pacific Sugar. Tennessee
Coal and Iron, Union Pacific common and pre-
ferred United States Leather preferred, wabash
preferred and Western Union. 2ls per cent.
STRONG EATURES.-Strength was shown by
Texas and Pacific the increased prospect OF
dividend owing TO the payment OF the full interest
on the income bonds Texas and Pacific Land
Trust was somewhat influenced by the advance OF
the stock referred to- although purchases were
supposed have been made Independently by the
trustees for the purpose OF retiring the securities
The price 2k per cent. Wabash issues. in
cluding the debeuture bonds, were bought on
the expectation that plans for the retirement Of
the 3 bonds being matured. Other strong
features were Minneapolis and St. Louis. Iowa
Central. Des Moines and Fort Dodge and the
Colorado and Southern stocks. In the last named
group the common advanced 2i2 per cent, and the
lst preferred lss per cent. although change was
made I'm the rate OF dividend on the lst preferred.
WEAK FEATURES.-The declines which took
place from the best prices of the day averaged l
per cent and over for some OF the leading stocks
Certain issues were depressed by the influence Of
speciol factors Amalgamated Copper lost 2ia per
cent on the continued weakness OF the metal. Sugar
Refining after opening up a point declined rs per
cent on disappointment the slow progress in the
legislation designed to relieve Cuba Glucose Sugar
Refining fell per cent realizations of stock
bought in anticipation of the completion of the Glu
case-starch combination Brooklyn Rapid Transit
showed net loss of per cent after 4 fractional
recovery from the lowest point of the day. Ten
nessee Coal and Iron and Manhattan were weak at
the close
KANSAS CITY. FIT s. AND VI. PREFERRED
Kansas City, Fort Scott and Memphis preferred
stock in demand yesterday. The preferred
stock trust certificates the direct obligation of
the St Louis and San Francisco Railroad Com
pany to pay on October 2 1921 800 for every share
of stock and In the mean time 10 pay 81 quarterly.
being at the rate of per cent per annum each
share stock deposited this quarterly charge
stitng part OF the fixed charges of the St Louis
and San Francisco Railroad Company. They
also secured by the deposit with the Mercantile
Trust Company of the total outstanding preferred
stock of the Kansas City Fort Scott and Memphis
Railway Company.
READING SECOND PREFERRED. - Philadel-
phia reports that Reading second preferred stock
Will be retired fall by It's conversion into
common and first preferred stocks.
ROCK ISLANDS EXTENSION.-Freight is now
being carried the FL Paso extension of the
Rock Island Road. which will add considerably to
the February earnings of the company. March >
is the date set for beginning through passenger
SeryT,