New-York tribune., 1902-01-31
MINING STOCKS,
Wall STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses were not
active in the local market dealing in about 1900
shares, mostly sales On the London EXCHANGE the
noticeable feature the strength in British n
soils, with furt advance 10 94Ss Money was
easier in all the European and exchange on
London was harder. Foreign houses expected TO
sell.
STOCK LOAN QUOTATIONS. Loan quotations
were: Amalsamated Copper, Anaconda Atchison
common and preferred Brooklyn Rapid Transit
Baltimore, and Ohio common Chicago Terminal
Delaware and Hudson. Erie common. first and sec
ond preferred Louisville and Nashville. Manhattan
Missouri Pacific New-York Central Northwestern
Peoples 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 com
mon and preferred. United States Steel common
and preferred, United States Leather preferred
Wabash preferred and Western Union, 2I.d3 per
cent
CORN CARRYING ROADS-The expectation OF
a decrease in the earnings of the carrying
railroads as a result of the short corn crop has
not yet been realized. II was thought that the re-
suits of operations in December would show a de-
crease Such has not been the case. however. with
roads that have thus far reported for that month.
The Atchison has reported an increase of s572 323
In gross and $23O,iS9 in net earnings a surplus
of Sl4.1S2 after deduction for taxes and rentals
Ihe wabash has reported increase OF S5S, ,1O4 in
gross and Si575 IN net for December The net
earnings of the Wabash for the first six months of
same period year ago.
ATCHISON OPERATING COsT-'The Wall
Street Journal says that the Atchlson people are
looking forward TO great change in operating cost
so far as transportation expenses are concerned in
the next fiscal year.. The company's new motive
power Will practically all be in service by July
next and with it the department expects to cut down
engine mileage very materially. A marked i'm
Provemeut in this respect is being made in the
current fiscal year. but year full results should
he cd AfChi has GIffar from, raIat
poor motive power since reorganization and has
been obliged to spend very large sums manten-
OF it's locomotives every year. This has been
true in a OF freight equipment also but
both motive power and freight equipment being
pretty we'll improved now. and will be further
tered I'm the near future.
NOT IN THE BANK STATEMENT-The 81 600 90
so to be paid out by the Sub Treasury to-day
for government interest will appear in to-mor-
rows bank statement. II will, however, show in
the Clearing House figures next Monday.
UNION PACIFIC.-Union Pacific earnings for
December Increased in gross s27S.751. and I'm net
sl7s,Os3 For the first half of the fiscal year the
gain in gross N.9l16ls, and in net c77s 2fs.
The directors have declared the semi-annuaI divi-
dends OF per cent the preferred and 2 per cent
the common.
SOUTHERN PACIFIC.-Southern Pacific was
bought on the report that the company had alb
sorbed the Mexican National The upward move In
Rock Island was 70 some extent ascribed 10 the
advance in Southern Pacific the idea that the
Mexican National arrangement might help the
Rock Island
NEW MEMBER OF STOCK EXCHANGE.-C. {.
Adsit, Of Chicago. ex-president of the Stock Ex-
change OF Chicago has been elected a member OF
the New-York Stock Exchange.
CONTINENTAL TRUST COMPANY-The new
board of directors of the Continental Trust Com
pany Is follows: Otto T Barnard. S. Reading
Bertron James A Blair. Robert W. De Forest
John b Dennis, Marshall Field. Alfred NJ Hoyt
William Jay, Frederic B Jennings. Walter Jen-
nings. Henry s. Kerr. Gordon Macdonald. John j.
Mitchell. A. Lanfear Norrie Robert olyphant
Charles Parsons. Myles Tierney and p. A Valen-
tine. The names John J. Mitchell, presi-
dent of the Illinois Trust and Savings Bank, Chi
cago; James A. Blair and John B. Dennis, of the
firm OF Blair & Co. New-York Marshall Field OF
Chicago; S. Reading Bertron. OF Bertron g. storrs,
and P. A. Valentine. of Armour & Co. There are
three vacancies TO be filled later.
NEW OBSERVATION-DISCLOSURES Vanderbilt and
William p. Leeds were yesterday elected members
the board of directors of the United States Mort
gage and Trust Company
DETR DIT SOUTHERN. suit of Brown
against the old Detroit and Lima Northern bond
holders COMMITTEES dismissed Yesterday in the
Supreme Court This suit affected the distribu-
ton of the Detroit Southern common stock among
the old first mortgage bondholders of the Detroit
and Lima Northern.
IRON RAILWAY OF OHIo.-At a meeting OF
the board of directors of the Iron Railway held in
Ironton yesterday. the old board of directors re-
signed and Samuel Hunt president of the Detroit
Southern Railroad; Frederick J. Lisman vice-presi-
dent of that company, ana Evans r. Dick one Of
the directors were elected This evidently means
extension of the Detroit Southern to Ironton
and beyond. Ironton produces more freight than
any other town the Ohio River between Wheel
ing and Cincinnati.