New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-13
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses sold 1000
shares on balance in the local market. In London
the opening security markets reflected rampant
buIish sentiment. but the edge OF the improvement
was taken of by sales TO realize profits. After
touching IS 9-16 consos receded TO IS sic. South
African mining stocks and International issues
show undated flrmness. Contangoes for the set
Element 3ia to per cent. Banks charge to S1a
per cent for exchanging. Rio Tintos Is per cent
lower. at 539s
STOCK LOAN QUOTATIONS-Loan quotations
were: Amalgamated Copper. Anaconda American
Ice Brooklyn Rapid Transit Erie common, Read
Ing first preferred Rock Island United States Steel
common. United States Leather preferred, Wabash
preferred SHELTERS common. Republic Steel com
mon. IL per cent: AtchisOn common and preferred
Baltimore and Ohio common. Canadian Pacific,
Consol!da ted Gas Delaware and Hudson Erie first
and second preferred. Louisville and Nashville.
Manhattan. Missouri Pacific Norfolk and Western.
Metropolitan Street Railway. Southern Railway
preferred Southern Pacific Sugar. Tennessee Coal
and Iron. Union Pacific common and preferred.
United States Steel preferred IA per cent; New
York Central, IL per cent; Pennsylvania. St Paul.
I4dlIs per cent; Western Union. Shelters pre-
ferred. Republic Steel preferred. American Locomo-
tive preferred fiat.
MR. GARRISON REINSTATED.-John II. Garri-
son whose suspension was announced the Cot
ton Exchange on March 49, the day following the
Sully failure was yesterday reinstated TO member
ship the Exchange.
DECREASE IN EARNINGS.-The Denver and
Rio Granda reports a decrease In gross earnings
FOR the first week in April Of $500. the Hooking
VALLEY loss Of SOL 733 the international and Great
Northern q loss Of sl1.6is the Louisville and Nash
vile n loss OF S2 so the Northern Pacific loss Of
500 49, Southern Railway loss OF s0l65 and Texas
and Pacific Il loss Of S22l7I.
HOW THE FUNDS ARE TO BE INVESTED
1t has Just developed that. following the example
OF the late Mr.. Tappen. president OF the Gallatin
National Rank James Butterworth Randall. law
yer and mine expert, who died in this city last
December leaving an estate or several miiIlons'
limited his executors in investing the FUNDS held IN
trust for heirs to investments as trustees are
H.. lau, authorized TO make and in addition to
,bcee I'm such securities as shall at the time
Of making each investment be included In the
list Of Investments made by the Mutual Life In
surance Company of New-Iork.
AMERICAN TELEPHONE AND TELEGRAPH
CONPANY.-Speyer & Co and Lee. Higginson d
Co have purchased from the American Telephone
and Telegraph Company S2o,O00G)o per cent three
year gold notes. secured by the deposit OF S2ooVN
Of the American Telephone and Telegraph Com
many collateral trust per cent bonds. About
sl2 600 of these have already been sold at
a nrice of about % and interest. It is understood
excellent authority The American Telephone ana
Telegraph Company and its predecessor company
the American Bell Telephone Company. have unin-
terruptedy paid dividends of ~ cent or over Tor
many years It is understood that the notes were
placed a. the equivalent OF 97l per cent They were
traded in yesterday in Boston at 80 less * per cent
commission to brokers. The collateral back Of the
notes is part Of the recently authorized Sl00O0o90
Of 1 per cent bonds The telephone company has
been negotiating for the sale Of these securities
with a number OF bond houses. but it was found
that more money could he realized by issue Of
short time notes than by trying 10 market the
bonds
TO BE HELD APRIL 19.-The meeting of the
Resecmer ore Association. scheduled for yesterday
I'm this city will not be held until next Tuesday
&c ted hat he me il
ness the disruption Of the association.
ELECTED \ DIRECTOR-Isaac d. Fletcher.
first vice-president of the Barrett Manufacturing
Company Of this city yesterday elected n
director Of the Importers and Traders National
Bank TO Ali the vacancy caused by the death Of
Antony WallaCh