New-York tribune., 1900-12-23
WALL STREET and EXCHANGES.

FOREIGN TRADING-London prices were
higher and foreign houses were active buyers in
the local market Arbitrage trading amounted to
100000 shares of which $4,000 shares were pur-
chases Southern Railway to the amount of 25,O09
shares bought for foreign account. Southern
Pacific Atchison Chesapeake and Ohio and Den
and Rio Grande in good demand.
GENERAL. I4ECTRIC.-CfeneraI Electric stock
has advanced 80 points in eight weeks. The
upward movement has been due to investment buy
ing based upon the company's strong position and
the possibilities of the electrical business IN the
future. There is stock for sale in volume, and
the slightest demand causes an advance. The
company's report for the year, ending January 81
will he the best in history of the corporation
RECORD misunderstanding at the opening
beat all preceding records. transactions exceeding
90 O0O shares in the first fifteen minutes. Out
side buying enormous. especially in the rail-
way list which was taken completely out of the
hands of the professional element. Over 100000
shares were dealt in in the first hour. and lo06,04O
shares for the day. the best preceding Saturday
record being on November 10 when Sbsoil shareS
changed hands
SUGAR REFINING.-Sugdr Refining rose 5
points on Boston pool buying and local speculative
support A Boston report asserted that the Sugar
Trust had reached an understanding with the
Arbuckles for the conduct of the sugar and coffee
business In the United States. Mr. Jarvie, of
Arbuckle Brothers. denied that an agreement had
been made He also said that the Arbuckles were
not seeking an agreement
strong feature advancing over one point on the
hest kind of buying. The company's earnings are
larger than ever in the history of the road. and
The surplus for the year will amount to over 100000
after full interest charges
RAILROAD EARNINGS.-"The Financial Chron-
ice', computes the gross earnings of siXty-three
roads for the first week of December. 19o at se,74
Se an increase of 1881 Os2 406 per cent, and nifty
three roads for the second week of December at
ss 795 435 an increase of $50, 7.46 per cent
PEOPLES GAS.-People's Gas stock made a de-
cided advance and one of the features OF the
market The Peoples Gas Company now controls
the gas and Edison the electric lighting of the city
of Chicago The Peoples requirement of the Cosmo-
potan does not necessarily mean the consolidation
of all the companies. The Peoples, Edison and
other companies are working under an agreement
not to cut rates There Is no prospect of viola
tion of the agreement. The Peoples company now
owns the Ogden. Pullman and Cicero Gas companies
as we'll as the Cosmopolitan. and maintains friendly
relations with the Northwestern Gas Company.
BANK CLEARINCS.-Total bank clearings of all
the houses of the United States for the
week ending December % were S. 22942o155I, against
81 77 i'm the preceding week and s2lSs4IS s2
the corresponding week of last year
IMPORT RATE ARRANGEMENT.-Trun lines
expect to remove generalization connected
with import traffic by the appointment of a joint
agent somewhat after the order of the Buffalo
ested will be held in January. Canadian and
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