New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-04-18
UALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were
active in the local market. dealing in upward or
CO 600 shares. Heavy sales We're made In Southern
Railway but large amounts OF Reading Erie ana
the steel issues bought. At least 5000 SHARES
were taken for foreign account From the general
good feeling and broader market shown IN Lon
don II was thought that the war news was OF Il
satisfactory character. It was considered. how
e,,or that the possibilities OF peace had been
largely discounted in the Kaf'r stocks with the
effect Of diverting trading to Americans where
the peaceful settlcm, Mt OF the LouisFie lnclueht
was considered a bull factor.
STOCK LOAN GTOTAT1ONS.-Loan quotations
were: Amalgamated Copper. Anaconda American
Ice Atchison common and preferred, Brooklyn
RAND Transit. Baltimore and Ohio common chi
cago Terminal. Delaware and Hudson ERE com
mon first and second preferred. Manhattan. Mis-
souri, Pachc New-York Central, Northwestern.
Metropolitan Street Railway. Peoples Gas READ
ing erst preferred Republic Steel common ana
preferred Rock Island. St Paul Southern Rail
way preferred. Southern Pacific. Sugar, tennessee
coal and Iron Union Pacific common and pre-
ferred United States Steel common and preferred
United States Leather preferred, Wabash pre-
ferred Western Union. per cent; COLORADO anu
Southern. Louisville and Nashville. /
FR1E-PENNSYI.VANIA BONDS.-Actve buy
Ing of the Erie PENNSYLVANIA Coal collateral per
cent bonds was a striking feature in yesterday :
bond market. The fact that these issues are sell
ing AT an extremely lew price as judged ny 'helr
great intrinsic worth is doubtless being taken ad-
vantage of by careful investors who wish to place
tbair nancy in safe securities that yield more than
per cent. The company VIII soon puy Sooo."" VI
the bonds the sinking fund. and the amount
available for purchase as investments is consd-
ora lv restricted owing the fact that the great
or mart of the bonds issued have found their way
into permanent investment quarters. These bonds
il NAV he recalled. were Issued by the Erie RAN
road TO finance the purchase OF the fcnhSS wanna
Coal Company They secured by 81 per cent al
the entire New-York susquehanna and Western
stock nearly all the Pennsylvania Coal COM
many stock and the stock of the Erie ana wyoming
valley Railroad and the Delaware valley ana
Eipgsto, Railroad A sinking fund of 10 cents
%, for every ton Of coal sold will purchase bonds
at NOT exceeding I05 otherwise to be applied 10 the
wing of bonds by lot. all such bonds TO be kept
alive and the accruing interest to be audeo 10 'he
sinking furd, which. 1t is estimated WI" oe iH Ae
enough to retire the whole issue at maturity.
.,,rp1C,N GRASS TwINE-The stock of the
American Grass Irvine Company was in demand
from investment sources yesterday at advancing
prices AS the company has placed the stock on a
conservative vet liberal dividend basis. and as
earnings are increasing and running well beyond
dividend and expense requirements, there Is sub
stantial reason for the current buying OF the Sc
curity The company has no bonded or hoatng
deht while its stock capitalization only amounts to
az ooo no0 Large amounts of money are being ex-
nanded on the property from earnings and it has
lust been decided increase the Long Island plant
owing to the rapid gain in business
GOLD FROM SAN FRANc1sCO.-The banks
hay
San Francisco and within the last two days
$500 0oo of such gold has been exchanged at the
sub Treasury for certificates. 1t is probable that
au of the So 100000 gold transferred for banks
through the Sub-Treasury to San Francisco In con-
necton with the street railway deal in that city
will return to New-York this summer.
AMAIGAMATED DIVIDEND-The directors of
the Amaigamated Copper Company have declared
dividend of one-haf of per cent, as against per
cent at the last preceding dividend period In 1899
and until July. 1901, inclusive. dividends
the rate of 11a per cent and one-half of per cent
extra quarterly In october. 1901. the extra divi-
dend was cut off while In January reduction
per made.
RUMORS REGARDING ILLINOIS CENTRAL.
The late strength of the stock market was
companied by rumors which pointed toward
prehensfve plans esta bishng the railroad situ
alton in the South harmonious basis. 1t was
reported that the interests which were active
in securing the control of Louisville ard Nashville
had endeavored the control of the Illinois
Central Railroad. According to the Street story.
offers have made to large holders of the stock
of the latter company to purchase their stock at
price considerably above the current market quota
tons.
MISSOURI. KANSAS AND TEXAS.-The Mis-
souri, Kansas and Texas Railway Company has
pany by $500 shares. of the par value of s550Go0.
This issue is to be made for the purpose of pur-
chasing the Missouri. Kansas and Northwestern
Railroad Company.
WABASH EARNINGS.-Earnings of the Wabash
system for the second week in April showed an
increase of s34.17o making gain of s1.6sl3sS from
July !.
MISSOURI PACIFIC.-Earnings of the Missouri