New-York tribune., 1900-12-04
WALL STREET AND EXCHANGES.


heavy and arbitrage houses were not active In the
local market. Sales predomnated.
STOCK LOAN QUoTATIoNS.-Loan quotations
were: Atchison common and preferred. Chicago
Burlington and Quincy, Missouri Pacific, New
York Central Northwestern. Northern Pacihc
common. Manhattan, Louisville and Nashville
Baltimore and Ohio common, Alton common anu
preferred. per cent? Peoples Gas. Northern
Pacific preferred Sugar Refining, Union "a
cihc preferred American Tobacco common, Con-
tinental Tobacco common United States Leather
preferred. Brooklyn Rapid Transit, Delaware ana
Hudson. Tennessee Coal and Iron, Federal steer
common. American Steel and Wire common S4z
Third Avenue. fiat: Reading 1st preferred, ROCK
Island ST. Paul. Southern Railway preferred "a
cifc Mail. sa3h; Western Union. 21a; Amaigamated
Copper. 2
NEw-YORK CENTRAL-weH informed Wall
Street men believe that the chances favor an extra
dividend on New-YOrk Central stock at the dl-
rectors' meeting later in the month. 1t is thousht
that the directors will follow the lead OF the Penn
sylvana and declare 1 per cent in addition TO the
regular quarterly dividend of ia per cent. The
company has had prosperous year and IT may
feel inclined TO distribute Christmas presents 10
its stockholders Last year New-York Central
earned nearly per cent and pafd per cent In
the first three months of the current fiscal year
earnings al about the same rate as in 1899
BALTIMORE AND OHIO-BaltimOre and Ohio
common stock declined selling induced by the
suit 10 restrain the payment of common stock divi-
dends The decline. however. was light and few
legitimate holders of the stock sold The suit is
not a stock grabbing scheme. and It will not af-
feet the real value OF Baltimore and Ohio stock
SOUTHERN RAILWAY.-Southern Railway was
again bought by a Broad-st house that has been
a heavy buyer OF the stock for several days II is
estimated that 10000 shares of the common
have been taken for one account. Something be-
sides growing earnings is thought be behind the
buying in this stock. Mr. Keene bought the pre-
ferred.
NORFOLK AND wESTERN.-Norfolka and West
ern's report for October shows increase of Il
per cent in gross earnings and 96 per cent in net
earnings and a reduction in the proportion of
penses 20 gross earnings from 80 TO IS per cent
compared with the time a year ago For the
four months OF the fiscal year net earnings have
increased $3.50 $50. and surplus after fixed charges
SS7s23s to n.442476.
ROCK ISLANDS EARNINGs-Rock Island
earned in October 81 O52 s7 net an increase OF 49,
ST over October. 1899 Surplus after charges was
sS9 S7. an increase of t6O5O4 For the months
Of the calendar year net earnings amount TO S455.
so and surplus after charges to s3,254 52e in
crease Of sSSSSiO over the time in the year
before
showed great strength in the morning on persist
ent rumors OF an advance IN the dividend rate
There was no news regarding the stock inside
comment on the amount of the next dividend pay
ment- Before the close part Of the early gain
lost
READING IsSUEs-Brokcrs who frequently
operate for Vanderbilt issues were active buyers
OF the Reading issues.
STANDARD SHARES.-Commission houses had
good buying orders in Hew-York Central and Penn
sylvania.
AMERICAN wOOLLEN.-The stock Of the
American woollen Company has been admitted
the unlisted department OF the Boston Stock Ex-
change. There Is $3.50 100 Of common stock is
sued. out Of s+0Oooco authorized and s20OoOOOO Of
per cent preferred stock of s25OOOO0o author
lied.
DENVER AND RIO GRANDE.-Net earnings os
the Denver and Rio Grande in October increased
s42,O6S over the same month year ago. Surplus
after fixed charges increased s3S sos. For the four
months OF the fiscal year surplus after charges
S722.7 .7S4. gain OF y1so.bss.
PACIFIC MAII.-Expectation OF the passage OF
the Ship Subsidy bill at this session Of Congress
was responsible for sharp advance IN Pacific
Mall stock
HOOKING VALLEY DIVIDEND.-The directors
of the Hooking Valley Railroad have declared a
semi-annual dividend OF per cent on the preferred
stock. payable January IS to stockholders of
record at the close OF business December IS
NORTHERN PACIFIC BONDS. p Morgan
& Co. ofTer for sale. par and interest and rec
ommend investment OF undoubted character.
ss.2l5.0oo OF the Northern Pacific Railway Company
1 per cent gold mortgage bonds. ST. Paul-Duluth
Division, principal payable December l. 1896. In
terest June I and December l. A letter OF c. S.
Mellen. president Of the Northern Pacific Railway
Company. giving particulars 10 the property
and mortgage security. is attached the an
nouncement.