New-York tribune., 1900-12-08
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WALL STREET AND EXCHANGES.

FOREIGN TRADING London was not active
In the local market. Arbitrage houses dealt IN
about twenty-five thousand shares. mostly saies'
STOCK LOAN QUOTATIONS.-Boan quotations
were; Atchlson common and preferred ChicasV
Burlington and Quincy. Missouri Pacific. New oiA
Central Northern Pacific preferred. Reading mrs.
preferred Rock Island. St. Paul, Union Faciho
common Manhattan. Delaware and Hudson LOUIE LOUIE
Vile and Nashville. Baltimore and ONO ss
Pacific Mail. 315; Peoples Gas. Sugar Union 49,
preferred. American Tobacco common Coh'iiIoi.'' ~
Tobacco common and preferred. United o'ateS ts
Leather preferred. Brooklyn Rapid Transit Sout Jun
ern Railway preferred Federal Steel common, Gen
eral Electric 4; Northwestern Western Onion
Illinois Central. Alton. 8; Northern Paclnc coi"-
mon 363Ib; Tennessee Coal and Iron' S72@7'
TENNESSEE COAL. AND IRON.-Another snarp
decline was made by Tennessee Coal ana IRON
stock yesterday. ThN stock has always Oeen a
highly manipulated issue. and It's movements aio
not generally representative Of conditlons aHec'ils
the company. Failing earnings however, anu inc
nrobabiitv Of the company not being able to main
tain an per cent dividend rate. are sufhcient rea-
sons for the current decline in the stock II Ten
nsssee Coal and Iron had only adopted a con-
servatve dividend policy at the start tnere "oulu
be no cause now for a reduction
CTTTCAao GREAT WESTERN.-The Chicago
Great Western Company has paid of this week
81 100000 of equipment per cent notes not que
until next July The company had the money on
hand and was able TO anticipate the payment The
results OF recent nnancldA OpeidloiS nave oPPON'ON
In an advance in the debenture stock from 50 TO
s11b The road is doing well in the matter Of earn
tngs and physical Improvement continues The
common stock is Of the cheap issues That Is
increasing in actual value. 1t will eventually sen
much higher.
TAXATION OF sToCKs-In reference to the
inquiry regarding the taxation IN this State Of
stocks OF railroads operating In another State, II
is necessary to know in order TO answer the ques-
tIon, in what State the company was Incorporated.
a. sA.F uCf1f 10
FEDERAL sTEEL.-Federal Steel was a firm
feature of the steel group that per cent
would be declared January 3. The company has
done an enormous business this year. and the best
information obtainable suggests that stockholders
will receive per cent In January.
AMERICAN LINSEED-The meeting Of the
Board of Directors OF the American Linseed Com
pany which had been called for Monday next AT
which the committee which was appointed TO report
q plan for increasing the working fund was 10
report has been postponed indefinitely. An of1cer
saws that no plan has yet been decided upon
PACIFIC MAIL.-Earnings of the Pacific Mall
Company for October showed a decrease IN net OF
s1O7s5 from October a year ago. For the six
months OF the company's year net earnings were
sS5e 46s against S51T 966 in 1893 and $905.42o In
1895 The stock declined over points in yester-
days market.
JERSEY CENTRAL.-Jersey Central stock was
a weak feature In yesterdays market. The decline
appeared to be more the result OF a natural re-
action from the recent extrayagant advance than OF
any developments affecting the company.
PEOPLES GAS-People's Gas was sold on re-
ports from Chicago OF renewed agitation to compel
the company to charge uniform price for gas
The company is making money despite husation
and bear attacks. and the stock is well bought on
all reactions.
RUBBER sTOCKs-United States Rubber stocks
were sold by traders on the theory that the sec
ond adjournment OF the directors meeting without
the declaration OF the dividend on the preferred
hat dividend
or reduced
ST LOUIS AND SAN FRANCIsCo.-Buying Of
St Louis and San Francisco stocks. was said TO
be for Rockefeller account. II was reported tnat
ARRANGEMENTS were making for closer relations be-
tween the st. louis and San Francisco and the
Missouri KanssS ard Texas.
QUARTERLY BANK REPORTS.-The quarterly
report OF the Bank OF America at the close OF bus-
ness December shows loans and discounts
s1ss5T151 a. total resources SS6.2S4A5 Al. and due
depositors, 81. .si5S3 81. The report OF the Corn
Exchange Bank for the period shows loans
and discounts Ss 2s4 81; total resources, s4SS-
Os7 Il. and due depositors, S7oS.2S2 g.
WEsTCHEsTER LIGHTING COMPANY.
w seigman & Co. will open at 10 o'clock on De-
cember Il and close at o'clock the same day.
or earlier subscription books to an issue OF first
mortgage per cent fifty year gold bonds OF the
Westohester Lighting Company The company
covers a large territory ADJACENT to New-York
CITY including many thriving towns. The popu-
lstion OF this district at present estimated at
172 900 No option is reserved 10 the company TO
nav its bonds before maturity. The amount now
offered for subscription is s. 2s1 ono part OF which
has already been sold. The subscription price IS
1O21S and accrued interest
THIRD AVENUE BONDS oVERSUBsCRIBED.
The subscription to the per cent Third Avenue
bonds. which was opened yesterday morning at
the office Of Kuhn, Loeb Co. was Immediately
closed applications received being rar In excess OF
the SO 900 900 bonds offered The bankers state that
bona hde investment subscriptions will alone be
considered and that all speculative applications
are to be declined.