New-York tribune., 1900-12-29
WALL STREET AND EXCHANGES

FOREIGN TRADING-Owing to a breakdown in
the cable service foreign operations in the local
market light. Arbitrage houses dealt in about
ten thousand shares.
STOCK LOAN QUOTATIONS-IIoa quotations
were: Atchison common and Illinois Central 2;
Atchison preferred Chicago, Burlington and
Quincy, Northern Pacific preferred, Reading first
preferred, Rock Island, ST. Paul, Union Pacific
common and preferred, Manhattan, Southern Rail
way preferred Louisville and Nashville and Pacific
Mail 49419; Peoples Gas, General Electric. Sugar.
American Tobacco common, Continental Tobacco
common United States Leather preferred Brooklyn
Rapid Transit, Tennessee Coal and Iron, Federal
Steel common. American Steel and Wire common
and Amalgamated Copper, AZ; Missouri Pacific.
Western Union and Erie first preferred. g. New
York Central, Northwestern, Northern Pacific COM
mon. Delaware and Hudson and Baltimore and
Ohio common 4; Erie common and Erie second pre-
ferred 2QS; Third Avenue 2.
HIGH PRICED SHARES.-Investment buying of
the standard stocks feature In yesterdays
market. The demand for Burlington St Paul,
Rock Island Pennsylvania and Delaware and Hud-
active. The latter named stock made a
gain of nearly five points The fact that buy
represented the same interests that took On
tario and Western led to report that some
rangement between the two roads was in progress.
The report probably had real foundation. 1t
was also reported that the dividend would be in
creased
AMERICAN SPIRITS MANUFACTURING COM
PANY.-The recent activity and advance in the
outside market believed to indicate important
action in connection with the various issues of the
company, which - expected result in perma-
nent improvement In their market values. Recent
careful examination of the value of the real
and various plants in the combination covered by
the mortgage has developed the fact it is asserted
that the per cent bonds are amply secured and
that the financial arrangements under way should
make the interest requirements certainty here
after. 06aT
granger shares in the last two days has been ac-
companied by reports of Morgan-Hill buying In
vestment buying in Rock Island and st. Paul is
ported. and 1t is thought that the price difference
between the two stocks will be lessened by sharp
advance in Rock Island. The Rock Island property
is in excellent physical shape and earnings
heavy.
SOUTHERN PACIFIC.-Southern Pacific was
bought by the Speyer- Hartman following The
stock is being absorbed for higher prices and
friends of insiders buying good Information
regarding the property, its earnings and possible
favorable developments. This issue represents
of the biggest railroads in the country and it is
titled TO higher the record of earnings for
last year and the prospects for 1901 For the year
ended 80 the road showed 312 per cent $780,
600 900 of stock.
NORTH AMERICAN.-North American ad-
vanced the report that member of the firm of
]. P Morgan & Co would become director of the
company.
MEXICAN ISSUES.-Mexican Central issues
were again in demand. and It reported that
the Atchison system would absorb the Mexican
Central property
ST PAUL.-St Paul the leading feature of
the market. Heavy buying for Western account
was reported. and it said that it the in
tenton of market interests to put St. Pauls price
above that of Burlington. There is good reason to
believe that St Paul will be placed per cent
basis.
STEEL SHARES.-Flower & Co. were active
buyers of Federal Steel. American Steel and Wire
was strong on reports of big earnings, and Re
public Steel preferred in demand for invest
ment interests. Weekly reports from iron and steel
centres are extremely encouraging.
SILVER EXPORTs.-The steamship Campania.
sailing for Europe to-day. will take out 1900
ounces of silver. shipped as follows The United
Metals Selling Company, 535.COo ounces, and NJ.
Guggenheim's Sons 1000 ounces.
JOHN STETSON COMPANY DIVIDEND DS.-The
John B. Stetson Company has had the most profit
able year in its history. The regular half yearly
dividend of per cent Is declared upon the pre-
ferred stock while the common stock holders e.
ceived 12 per cent regular and per cent extra
dividends After these liberal disbursements there
still remains over 100000 to be added to the COM
pany's surplus account. The record OF the Stetson
Company is enviable one
COFFEE EXCHANGE TO BE CLOSED MON
DAY-Of the several exchanges in the financial
closed on Monday. The others will do business
usual.