New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London bought 30.OO
shares In the local market. and If 1t had not been
for telegraphic interruption caused by the storm
arbitrage houses would doubtless have taken large
amounts of local stocks incident the beginning
of the London settlement to-day Southern Rail-
way shares were bought to the extent of 20 90
shares by arbtrage houses.
STOCK LOAN QUOTATIONs.-Loan quotations
were: Atchison common and preferred, Chicago,
Burlington and Quincy, Missouri Pacific New-York
Central, Northern Pacific preferred, Reading first
preferred, Rock Island, st. Paul. Delaware end
Hudson, Tennessee Coal and Iron. Southern Rail-
way preferred. Louisville and Nashville Baltimore
and Ohio common. Pacific Mall 5; Peoples Gas.
Sugar Union Pacific common. American Tobacco
common, Continental Tobacco common and pre-
ferred Manhattan United States Leather pre-
ferred Brooklyn Rapid Transit. Federal Steel
common American Steel and Wire common. 312
Northwestern, Western Union, Illinois Central .;
Northern Pacific common, 212d3; Amalgamated
Copper, 3Q31a.
PEOPLES GAS.-Large sales OF Peoples Gas in
the last week interrupted for a time the bull
movement in this issue but higher prices are
looked for in the future. liquidation is
about and large short interest has been
created. Insiders confident that the price will
go above 120. The stock is worth 100 its merits
In yesterdays market the stock gained over per
cent.
SOUTHERN RAILWAY IsSUES-The feature
at the opening the buying of Southern Rail-
way stocks by investment interests 1t is generally
believed that the dividend the preferred stock
will be increased in 1901. Reports that the Penn
sylvania had secured control of the Southern were
denied. London was active buyer of the COM
mon and preferred. r. H. Bssell. Cooper, Cramp
& Beadleston and Van Emburg & Atterbury took
large amounts OF both issues.
NORFOLK AND Observation-Disclosures of the
Norfolk and Western continue to show improve
ment gross returns for the third week in Septem-
Der increasing N3.746 over the same time a wear
ago For the month the increase has been $40 30
and from July l $780, Earnings of all the soft
coal roads are heavy
ST. LOUIS AND SAN FRANCISCO-St Louis
and San Francisco common stock has advanced
from II 10 20 In the last three weeks on buying
induced by the company's heavy earnings At the
current rate per cent Will be earned on the com
mon stock in the present fiscal year. The second
preferred Is likely to receive the full per cent in
1901 price Of 20 IS predicted for the common
STEEL STOCKS-The Gates crowd was SIM
posed to be responsible for the decline in American
Steel and Wire. Inside buying was reported in
Federal Steel and in the Tin Plate and other So
called Moore stocks. The reputation of the Gates
chicago spectators continues TO increase. There
are various kinds Of regulations
UNITED STATES RUBBER.-The decline last
week in United States Rubber issues was duo ,,
paseess reports that the preferred dividend would
De passed In yesterdays market the common
stock was strong rumorS of dividend Eror,
trade sources it is learned that the Rubber Com
pany Is enjoying a prosperous business
AMhRlCA AN TIN PLATE.-Oficers of the Amer
lcah I'm Plate Company that the subjec. of the
dividend on the common stock has never been dis
cussed by the Board of Directors. 1t is estimated
that the net earnings for ten months of the wear
1900 were s4,50o00, This would indicate net earn
ings Tor the year of nearly &.5JOGOO and a surplus
AFTER payment Of dividends on the preferred stock
aggregating 81 AS of A2l7OO0 This. adder 70
the surplus from last year Of s. 613 426 would make
q total surplus OF over S6.S30OOO
DECEMBER DIVIDEND S.-Industrial compante
will distribute about SIT 900 900 In December making
the aggregate for the December quarter ahout
$o00Vo'oW Included in this amount is the large
dividend OF the Standard Oil Company which
amounts to 100000
NANDEHblLI misunderstanding of the cheaper
vanderbilt stocks by insiders was reported Ruv-
ing from the same source was noted In the Rcd
ings.
81. LOUIS SOUTHWESTERN-S Louis South
western issues were strong on the company's Octo-
Der report which showed u gain in net earnings
of $4,000