New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-26
WALL STREET IND EXCHANGES.

FOREIGN TRADING. - London prices were
lower. Foreign houses sold some stock In TINS
market but were buyers balance. sales
amounted to about twenty thousand shares ana
purchases to thirty thousand shares.
STOCK LOAN QUoTATIONs.-Loan quotations
were: Atchison common and preferred. General
Electric Missouri Pacific, New-York Central
Northern Pacific preferred. Reading LIST preferred
Rock Island. ST Paul, Union Pacific preferred,
Continental Tobacco common, United States
Leather preferred, Southern Railway preferred,
Baltimore and Ohio common 81; Chicago Burling-
ton and Quincy, 1884,; Peoples Gas, Sugar, Ameri-
can Tobacco common. Brooklyn Rapid Transit.
Federal Steel common, American Steel and Wire
common, 4; Third Avenue. fat; Northwestern,
1a2; Northern Pacific common. 2a21A; Union Pacific
common, Manhattan, Tennessee Coal and Iron, 31h
"A: Delaware and Hudson, Western Union, 2; Illi-
nois Central l. and Louisville and Nashville,
$685..
SOUTHERN PACIFIC.-Actvity and strength in
Southern Pacific due to good buying and spec
ulative operations. induced by the theory of a
possible extension OF the companys influence
through possible Pacific Mail deal Strong, Stur-
gis & Co. active buyers. Sidenberg & Kraus
also moderate buyers. W. Trask sold LOCO
shares.
BROOKLYN RAPID TRANSIT.-Brooklyn Rapid
Transit has not yet been absorbed by the Metro
politan company. but certain large financial in
terests are in the property Good buying followed
the recent decline, and traders as bullish
over the stock as they bearish few months
ago. Even the much advertised Consolidated Elk
change plunger, who was active in the stocks de-
cline now advises his friends to buy. The fact
that so much Of this stock has been picked UP by
people who do not intend to sell under par makes
Short sales extremely dangerous The price moved
up sharply yesterday.
THE STEEL STOCKS-Steel shares were in
good demand, especially Federal Steel common.
Republic Steel is being quietly absorbed. but Amer
lean Steel and Wire does not appear to have many
friends at the moment. although II stronger
yesterday. People afraid Of American Steel and
Wire on account of the blackeye 1t received from
the manipuatons Of the Gates crowd. Placing the
common stock a big dividend basis never helped
the issue in public estimation. 1t is thought likely
that the rate will be reduced next year. Such
ton would be in line with conservative manage
ment.
NORTHERN PACIFTC.-London continued to sell
Northern Pacific; but further good local buying
was reported. The earnings OF the company are
rejecting the poor wheat crop in the roads terri
tory, the falling eft in receipts will not leopard
lie dividends. The company's earnings last year
were enormous, and S. 100000 put aside in 1898
to insure preferred dividends for three years in
of need. The business OF the company indi-
Gates that this reserve fund will not be called
upon for dividends 1t is accumulated profits that
will TO the benefit OF the stockholders. New
interests have recently acquired large amounts OF
Northern Pacific stock, while the prominent old
interests have added to their holdings 1t looks
as if there would be complete harmony in the
Northwestern Railroad territories this year.
MEXICAN cENTRAL.-Earnings Of the Mex
lean Central road for the third week IN October
showed a gain of ss3S3 making total increase
since January Of s. s16.O65 CIexican). On the
basis of United States currency the showing Is
markedly good. being increase Of about 100000.
Mexican NATIONALS earnings show corresponding
encouraging improvement
rifles have been admitted to the unlisted depart
ment of the Stock Exchange: Chicago and Alton
Railway Company S11 per cent gold bonds common
stock and preferred stock
ELECTED MEMBERs.-George B. Baker. jr..
and James G. Marshall have been elected members
Of the New-York Stock Exchange.
AMERICAN LINsEED-A modern plant with
capacity of eight hundred barrels Of linseed oil IN
a day has been completed on Staten Island by the
American Lnseed Company; also steel elevator
with capacity Of 100000 bushels OF haxseed. The
company has let a contract for steel elevator at
Buffalo with a capacity of 100000 bushels. This
elevator will facilitate the handling Of haxseed
from the West to the East, and will supply storage
during the winter months.
WHEELING AND LAKE ERIE.-Wheeling and
Lake Erie continues to make heavy gains in earn
ings. The proportion of gain over a year ago
based on mileage compares favorably with the
results obtained by the larger companies. For
September net earnings increased a2,1o making
from July / total gain in net Of S3s,O14
CHICAGO AND ALTON.-The new securities of
the Chicago and Alton traded in for the first
time on the Stock Exchange. E. L. Montague. jr
was heavy buyer of both issues The common
advanced points compared with Thursdays
curb" price and the preferred IA.
AMERICAN ICE DIvIDEND-The American Ice
Company has declared a dividend of l per cent on
the common stock. payable November Is to stock
holders of record November l. Transfer books
close November / until November Is