New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-02-03
WHEAT.
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES.-Market Irregular ana
quiet Standard oil closed at iS0a455. against 1880
Al on Wednesday. Last prices Of other prominent
issues Otis Elevating S7iem39; preferred oo'7
Gs9i1: New Amsterdam Gas common. Sfa34A pre-
ferred 6S2: Wagner Palace Car 190G193: Conti-
mental Tobacco common 32a. ASH; preferred, 72A@
1917: Air Power 7oi4d72ih against e9I70 on Wednes-
day
FOREIGN TRADING.-A reduction by the Bank
Of England in it's minimum discount rate TO 8 per
cent caused n more active London market and good
buying on the local Exchange by arbitrage houses
In the first hour purchases for the foreign account
were heavy. and despite subsequent selling. the
buying on balance amounted to about twenty five
thousand shares.
NETWORK CENTRAL'S EARNINGS-New-
York Central for the December quarter showed a
gain in gross earnings. compared with the same
time in 1897 Of 1904 0S2; IN net earnings an increase
Of S2N972 and in surplus an increase OF S4,Z'o
For tho six months ended December 81. net earnings
decreased slf52s5 and surplus increased 226sS5
DIVIDENDS DECLARED.-The ST. Louis and
San Francisco directors have declared a semi
annual dividend Of per cent the second pre-
ferred stock Standard oil nqudating trustees
have divided a sum equal to 81 a share on the cor
porate stocks remaining in their hands The Bur
lington directors have declared the regular quar-
tery dividend Of ~ per cent
DELAWARE AND HCDSON-Delaware ana
IIudsons earnings in its last year reported at
l670 SO not this being equivalent TO 534 per cent
on the stock against s12 per cent In the preceding
year
MANHATTAN's DECLINE.-Weakness In Man
haitian was logical result OF the decision OF the
directors 10 add SIS ooo00 stock to the companYs
liabilities the general rank and file Of traders hest
tating to hid up the stock in View Of the companys
heavy decrease in earnings in the last few years.
Stockholders will have the privilege OF subscribing
to the stock par.
ELECTED MEMBERS George Butler Magoun.
Andrew h Graves William King. jr.. Henry luck
erman Richard 4 Johnson oscar J. Brand John
Henry Townshend and Henry Il. Cone have been
elected members Of the Stock Exchange
WHAT Mr.. KEENE SAYS-Two industries
which are thriving In this winter weather are rub
her and leather. James R. Keene said yesterday
concerning the big companies principally dentihed
with these industries: The this week has in
creased the demand for rubber ware TO the benefit
Of the United States Rubber Company We think
the preferred stock with It's per dividends, Is
the cheapest investment the hist and the COM
mon stock with the very large earnings which
have been made for Il in the current fiscal year.
ought to and probably will sell above 20 in the
course of the next few months There has been
further Improvement in the lea Their trade and
prices for sole leather are now at the circular
There VIII probably De further advances IN these
prices within the next thirty days and every ad-
vance Of one cent a pound in sole leather means
very large profit to the United States Leather Com
pany."
ASSISTANT SECRETARY.-At meeting OF the
Board Of Directors Of the Knckerbocker Trust
Company held Thursday, January 26 J. Henry
Townsend resigned assistant secretary owing
to the fact that he has recently bought a seat In
the New-York Stock Exchange and is going into
the brokerage business. Frederick Gore King
formerly a member OF the firm OF James G.. Kings
Sons (Which dissolved in 1872, and a of the
late Archibald Oracle King, was elected assistant
secretary in his place.