New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-23
WALL STREET AND EXCHANGES.

In the local market reported on Wednesday out
it's total transactions amounted to 10000 shares
There were sales than purchases safes Oh
balances amounting to 40 eco shares.
i STOCK LOAN QUOTATIONS.-Loan quotations
were: Atohison common Atchison preferred, Mis-
scurt Pacific, New-York Central. Northwestern
Northern Pacific preferred Reading first preferred.
Rock Island. ct. Paul. Union Pacific common
Union Pacific preferred. Manhattan, Delaware and
Hudson, Louisville and Nashville, Baltimore and
Ohio common and Pacific Mail, 3D. Chicago. Bur
Iington and Quincy, 1854; Peoples Cas- Sugar,
American Tobacco common, Continental Tobacco
common United States Leather preferred, Brook
lyn Rapid Transit, Tennessee Coal and Iron, South
ern Railway preferred Federal Steel common
and American Steel and Wire common. 31kG4;
Northern Pacific common, g. and Western Union, 2.
CHESAPEAKE AND OHIO.-Chesapeake and
Ohio was strong buying apparently induced by
the sudden realization that the stock selling
too low in view Of the changed conditions in the
soft coal trade and the company's general pros
poets. Chesapeake and Ohio has paid small divi-
dends for years, and If current heavy earnings
continue stockholders will stand good chance of
receiving bigger returns. The company's prospects
are bright, especially the road Is controlled
by the New-York Central and Pennsylvania COM
panies.
SOUTHERN RAILwAY.-Rumors Of an increase
in the dividend Southern Railway preferred
helped that stock in yesterdays market. London
and prominent banking houses have been buyers
of Southern Railway preferred, and 1t is quite gen.
orally believed that people with good information
crease In the dividend 4 per cent in 1901. The
company is earning well above that rate but Its
policy so has been put large surplus earnings
into the property.
PEOPLES GAs.-Louis Bell has been heavy
seller Of Peoples Gas since tho election, and
many traders have followed his lead While this
selling interfered with the upward movement, 1t
has strengthened the market position OF the stock
by creating a large short interest and increasing
the holdings of people who expect to the stock
ttvy In
behind Peoples Cas- and the effect Of their opera
lions in the stock will be seen in higher price.
CHARACTER OF SELLING-A number OF large
traders worked for lower prices. the theory that
a reaction due. 1t was thought that the Gates
crowd responsible for the decline in American
Steel and Wire and Atchison. Commission houses
had profit taking orders. The Bell and Wornser
following sold and Keene interests bought Trad
bought the decline to cover short contracts.
CENTRAL PACIFIC STATEMENT-The annual
statement of the Central Pacific hallway operated
by the Southern Pacific, has been made to the
State Railroad Commissioners. 1t shows total in
from operations of 81 49, 1884, from which is de-
Quoted $54 5s7 salaries and maintenance of the
organization s. 7S9 being interest funded
accrued $592STs for taxes $15.27s for permanent i'm
provements total S21. leaving net income Of
81 022 472
SUGAR REFINING.-sugar Refining directors
will meet early in December to declare the quar-
terly dividends the common and preferred
stocks. In Boston yesterday per cent was bid for
the next dividend the common. but It is
believed in well informed circles that the rate will
be raised that extra dividend will be paid
Bulls the stock point out that the stock is only
several points higher than 1t sold few months
ago. when many stocks were 20 points lower. Per
sons who usually are we'll Informed on Sugar stock
predict advance in the price before the dividend
meeting.
INTERNATIONAL PAPER.-It Is pointed out
that the proposed scheme to manufacture paper
out Of cottonseed waste IN opposition to the meth
DDS employed by the International Paper Company,
tried twenty years ago. and proved a complete
failure. It Is also pointed out that it would
quire the husks Of cottonseed from GOO of
cotton to make one ton OF the poorest kind of
paper COttonseed paper appears TO be a dream of
the bears international Paper securities.
HIDE AND LEATHER.-The American Hide and
Leather stocks have become very active in the
outside market In the last few days. and have
made a large gain in price The insiders
ported to be heavy buyers.
ANALGAMATED COPPER.-Amalgamated Cop
per stock has been admitted to dealings in the
listed department Of the Stock Exchange. state
regarding the affairs of the company will be
issued tomorrow.
STEEL STOCKS-The steel stocks Repub-
lie Iron and Steel, weak features. with net de-
cIines at the close. Republic Steel preferred
In demand from a good class of buyers and closed
above Wednesdays final price
CHICAGO AND EASTERN ILLINOIS DIVI-
DENDS.-The Chicago and Eastern Illinois direct
IL per the preferred stock, and sem-an-
nual dividend of per cent. with one-haIf OF per
cent extra the common. payable January l.
MEXICAN NAT1ONAL.-Buying OF Mexican Ma
tiOnal small scale induced by the
nouncement that the road will become standard
gauge line next year.
INTERSTATE OIL.-Interstate OIL was one Of
the features of the outside market yesterday Its
advance from $685. to GO was, according to the
NOR, connected with deal with the Standard OIL
Company. in which the property of the Interstate
OIL Company. which comprises fifty thousand acres
of land in the oil belt, should be taken by the
Standard company. Officers of the company deny
that any such deal is pending. They say that the
advance in the stock is due to investment demand
based tho expectation of a dividend in January
STANDARD OH. STILL HIGHER.-Standard
Oil shares made another record yesterday by
selling up S74l a share, dividend. This repre-
sents jump of q points for the day, and is equiv
alent to advance Of 81 points. the dividend
was 10 per cent.
ELECTED TO STOCK EXCHANGE.-Cie H.
Levy was yesterday elected a member OF the Stock
Exchange.
PENNSYLVANIA NEW OFFICE.-The Penn
svlvania Railroad Company announces that on De-
cember 1t will open Its stock transfer office at
No 12S Broadway. this city.
BUYERS AND SELLERS.
The principal buyers ana sellers in yesterdays