New-York tribune., 1902-05-13
WALL STREET AND EXCHANGES.

|
| New-York. The mining market opened strong, but
reacted, and consols y easier. the belief
! that the peace negotiations would be prOtracted.
I Foreign bourses were heavy.
STOCK LOAN QUOTATIONS.-Loan quotations
were: AmaIgamated 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,
Metropolitan Street Railway. Peoples Gas, Read
| ing first preferred Republic Steel common and
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 and Western Union I per
FINE PROSPECTS FOR WESTERN ROADS,
Western dispatches to The New-York News Bu-
reau" say that If the present volume OF traffic on
the roads running to all points in the West keeps
up the way 1t has for months II is hardly possible
that there will be any great falling of in earnings.
II any, between now and the new crops. Condi-
tions now point to an even greater movement OF
general merchandise than heretofore. The breaking
OF the drouth has had the effect OF relieving the
hesitancy which had begun TO manifest itself on
the part OF merchants in Kansas and points con-
tiguous thereto and during the last week there
has been noticeable increase in traffic OF all
kinds. With normal weather from II is
figured that even with a loss OF 100000 bushels
Of winter wheat Kansas is TO produce 10000
90 bushels more than last year. Planting OF
the latter cereal in the belt is making prog
ress In fact the agricultural prospect is exceed
ingly promising and farmers IN the Northwest
West and Southwest finding conditions every
where to their liking. The Northwest has had a
little too much rain. perhaps. but far there
has been particular complaint this account
DELAWARE AND HUDSON ELECTION.-The
annual meeting of the Delaware and Hudson Com
pany Will be held to-day and II is expected that
the old board will be reelected without opposition
There has been no intimation from any re-
ceived by the official proxy committee that any
change was der red. The company's stock trans
fer books do not show any important transfers OF
stock since the last election. The control OF the
property is not in few hands but Is still widely
distributed among about three thousand five hum
dred Shareholders There is good reason 20 be-
lieve. however, that members Of the Vanderbilt
family have Increased their holdings within the
last few months.
WORK ON WABASH LINK ROADS.-The work
the extension Of the West Virginia Central Rail-
road 10 connect with the Little Kanawha IS on in
earnest. This marks the beginning OF the forma-
tion OF the great Wabash trunk line Eastern
Udcwater. and the far reaching magnitude OF the |
work started is not generally comprehended
Ground has been broken a Letter for the road TO
be known the Midland Railroad The Midland |
junction with the link road Is exactly at the Letter
Postofice. miles northwest Of Elkns The !
road makes possible the development OF the mill |
ions OF OF coal that yet imprisoned IN the
mountains Of Roaring Creek and Middle Fork In |
case OF overplus OF coal the coal fleets the |
Ohio River can be utilized and they carry II |
to the Gulf OF Mexico thence 10 all South American
ports by water. The important and neces- !
sary movement for West Virginia Is out
let, which means according to general belief. that
Baltimore is TO be the terminal
BOOKLONERS LIBRARY EARNINGS-In an !
nouncing stock issue OF sl.O0O 600 the Book
lovers Library estimates its total annual income |
exclusive OF the Tabard Inn and other departments
At $1,000 and net earnings $4,000. The OF
$4,000 Will pay 10 per cent dividend a capital !
OF $500 900 and leave 10000 earnings for re-
serve account The actual operative capital at pres
ent invested in the Booklovers Library is consider
ably less than 100000 while the paid up capital
N2O00C0. The concern has paid quarterly divi- |
dends OF pig per cent since last August In ad-
diuon TO the regular dividends the American cor |
poration will be entitled the earnings on $3.50
900 OF the English stock which will be disbursed |
extra dividend to the American stockholders !
There at present 200 stockholders in the Book
lovers Library.
UNITED COPPER.-It is stated that the stock OF |
the United Copper Company is be listed on the |
Boston Stock Exchange. Arthur p Heinze denies |
that the Cora mine, one or the properties of the |
United company has 'petered out" A large and !
powerful new hoist Is being erected at the mine |
While this is being put In place shipments from !
the mine have been temporarily suspended but |
as soon the hoist is completed Mr.. Henze says |
he expects the Cora will take it's place as one Of
the largest producing mines In the Butte district
From examination Of the lower workings of !
the adjoining mines belonging to the Amalgamated |
company. Mr.. Heinze says II is evident that the |
rich veins continue at least six hundred feet be-
low the lowest opening in the Cora mine itself
CURRENCY FROM THE INTERIOR-In con-
necton with the present rates for call money a |
member of prominent firm of bankers and brokers |
said yesterday that his firm had ordered nearly |
100000 In currency from Western city, which |
is expected reach here to-day He also said that
he knew of several commission houses in this city |
which had placed orders in the West for currency.
STEEL SYNDICATE PAYMENT.-The report |
that J. p. Morgan Co. as managers of the under |
writing syndicate OF the United States Steel Cor
pOration, to pay the members of the syndicate |
another dividend of per cent. $40 OOOO0O is
rect. This money will contribute it's part toward |
relieving the present strngency in money. II not
believed that this money will go of New-York
BURLINGTON'S LARGE BUSINESS |
continues heavy the Chicago. Burlington and |
Quincy. and equipment of the is fully en-
ployed The revival of business has appeared ow-
Ing 10 conditions in Iowa and Nebraska which |
ideal Shipments into the Far West show no
abatement
GOULD sHAREs-The report that the Gould
based facts 1t may be said on authority that |
the Gould interests have not been selling their own
stocks The insiders in the Gould properties are
bullish the various issues.
WABASH Observation-Disclosures of the Wabash
Railroad for the first week in May were 1929 267 a
gain OF S19.299 over the same period n wear ago
From July earnings have increased s.. .6S7Os1
HOOKING VALLEY PROXIES.-The Stock Ex-
change committee consisting of Mcintyre 4 Mar
shall. Lathrop & Smith and Floyd-Jones & Robson
report that they making satisfactory progress
in their canvass for proxies for at the annual
meeting May q of the Columbus and Hooking
Coal and Iron Company, having already secured
suffcient to represent nearly half OF the capital