New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-28
WALL STREET AND EXCHANGES

OUTSIDE SECURTTI ES.-Market irregular ana
active. Standard oil closed at i64a84sSls against
465q4s7 Thursday Last prices OF other prom
inent Issues were Otis Elevatng. 4Sq4i. preferred.
s9qa0; New-Amsterdam Gas common. SzaSZ'7' pre-
ferred s7IsqssA: Wagner Palace Car. 19lqls5; Con-
tinental Tobacco common. 57a57i1: preferred. 7sa
7ei4 Air Power. 72a74, against 69s@7oia on Thurs
day.
FLINT AND PERE MARQUETTE-The Flint
and Pere Marquette Railroad Company has de-
clared dividend OF per cent on its preferred
stock from the net earnings OF 1898. This Is inc
company's first dividend since 1898
SILVER BXPORTS-Exports OF silver to-day
81. 900 ounces
FOREIGN TRADING.-London sold about 5000
shares in this market Of which the Pacific STOCKS
Atchison Ontario and Western. Southern Railway
and Louisville and Nashville furnished the greater
ST LOUIS AND SAN FRANCISCO-Actlvity in
ST Louis and San Francisco issues was due 10
buying induced 10y the companys improving earn
ngs The December report shows net earnings or
s228 as7 an Increase Of 1857 over the same mouth
year ago.
STATEN ISLAND RAPID TRANS1T.-A circu-
lar has been issued by Hallgarten Co. repre-
senting the second mortgage bondholders OF the
Staten Island pid Transit Company. which out
lines the proposition which the hrm has secured
from the reorga MIA ton managers Of the Baltimore
and Ohio The Baltimore and Ohio reorganization
reoreanized company TO purchase the Staten Island
second mortgage bonds at par and interest in cash
in Ave years, and In the time 70 guarantee
Interest thereon al per cent per annum Inc
Baltimore and Ohio Railroad Company Is TO have
the privilege of purchasing the bonds at any time
within Ave years at par and interest In cash upon
thirty days notice II further will agree in case.
within FIVE years. plan for the reorganization Of
the Staten Island Rapid Transit Railroad Company
shall be issued by II or with its approval 70 secure
for the bondholders the option for two weeks after
such plan is publicly issued 70 take the new Sc
curtes thereby provided in lieu OF the agreed
price for the bonds II the mortgage should be
foreclosed new per cent bonds TO the same
shall he cres ed. having the same Hen and
carving the same agreement Of purchase All
but s. m bonds Of the total issue Of s25n"n have
been deposited with the firm
DIVIDEND DECLARED.-The Jefferson and
Clearfeld Coal and Iron Company has declared
dividend Of q. per cent on the preferred stock or
the company out Of the net earnings for the six
months ending December II. payable February 10
VIRGINIA DEFERRED CERTIFICATEs.-The
Committee on the Stock List has unlisted the
stamped trust receipts This removes misappre-
henson The Virginia Debt Commissioners cam
not act unless a majority Of holders give certain
assurances which cannot De given unless the GER
tihcates are assembled II also requires majority
TO obtain the listing Of the receipts Issued by Brown
Brothers & Co The Southern parties associated
with the committee have sent on a plan OF settle
ment and the Legislature being now in session the
committee urges prompt depositlng II appears
that il requires ess than $4,000 OF certificates
10 make = ma iority A plan OF settlement Is not
binding on holders unless accepted by majority
in value As the certificates were not Issued by
West Virginia that State Is justified In refusing 70
act until holders have placed themselves in posi-
ton 10 BE- dealt with a body.
THE BOOKS CLOSED.-The subscription books
for % C10Dn Erie phi and Telephone per
cent bonds were closed AZ II a m yesterday, me
subscriptions amounting 10 $4,000. The allotment
has not vet been made.