New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London bought bal
ance in the local market Heavy buying OF Chesa-
peake and Ohio for foreign account a feature
Northern Pacific sold the advance.
STOCK LOAN QUOTATIONS.-Ioa quotations
were: Atchison. Louisville and Nashville and Pa
cifc Mail. 3; Atchison preferred. Missouri Pacific
New-York Central, Northwestern and Baltimore
and Ohio common, 3gS14; Chicago, Burlington and
Quincy. 2G3: Peoples Gas. Sugar. American To-
bacco. Continental Tobacco common United States
Leather preferred, Brooklyn Rapid Transit Ten
nessee Coal and Iron Southern Railway preferred
Federal Steel common and American Steel and
Wire common. 31aG4; Northern Pacific common and
Western Union. q Reading first preferred Rock
Island. St Paul. Union Pacific common and pre-
ferred Manhattan and Delaware Hudson. BIZ
AMERICAN LINSEED-The proposed issue Of
500 900 bonds by tho American IAnseed Company to
provide needed working capital Will call 900
year, which Will not amount to an important
factor far preferred dividends are concerned
Last year the company earned above tho I per cent
on the preferred stock nearly 1000 900, and with
Increased working capital Its earnings should be
rtertally increased The stocks have declined be-
You'd the limit of reason. and at the current level
they are being bought by interests said repre-
sent the Standard on Company.
REPUBLIC IRON AND STEEIA-Buying Of Re
public Iron and Steel preferred stock the
count OF interests well informed regarding the
affairs OF the company This concern is enjoying
marked increase in it's business. and earnings are
expected to make better showing than a year
ago. The preferred stock has bonds ahead OF IT.
and IT possesses merit that Is measured by its
ruling market quotation
HEAVY ApVANCEs.-The largest advances were
made by Adar:s Express. which gained points;
American District Telegraph. points; American
Tobacco 3As points; Brooklyn Rapid Transit 81,
points; Continental Tobacco preferred. points
Denver and Rio Grande preferred. pa points, Great
Northern. points: Interna Power 2t points:
New-York Air Brake, points: North American
2s points Northern Pacific. has points; the pre-
ferred AS points, and Union Bag and Paper. 24
points
BROOKLYN RAPID TRANsTT-The advance in
Brooklyn Rapid Transit due to heavy buying
induced by the earnings for October and by the
port representa- metropolitan Street
Railway will go into the 'B. r. T." Board in Janu-
airy. "B r T." is now earning at the rate OF 1
per cent the stock
ERIE FIRST PREFERRED.-A demand has de-
veloped in the last few days for Erie preferred
which has enjoyed substantial advance. 1t Is
estimated that the current years net earnings will
be IN excess OF per cent on this stock.
MR.. KEENE IS BULLISH.-James r. Keene is
bullish the market, and his views likely to
have important effect upon speculative senti-
ment. Federal Steel helped by Mr.. Keene's
reference TO the large earnings OF the company
while the general market was favorabIy influenced
FOREIGN HOLDINGS OF PENNSYLVANIA
Since 1880 the OF stock of the Pennsylvania
Railroad Company held abroad has been gradually
decreasing. shown by the following: In 1890 for
egn holdings were 81 per cent; 1893 As per cent
1894 per cent; 1897. 45 per cent: 1895 As per
1899 Sc per cent. and 1900 20 per
NATIONAL TUBE.-The directors Of Ma
tional Tube Company have declared the regular
quarterly dividend OF IA per cent the preferred
stock
change operator, who has been lighting the rise
in the market since election Is said have COW
cred a large short line this week enormous loss
and proposes to sail soon for Europe.
the ChiaGo. Burlington and Quincy has placed an
order for 10000 of rails with the Carnegie
company, and the Southern Railway and Louisville
and Nashville each for 10000 tons, 1t is estimated
that the tonnage placed far aggregates about
10000
MISUNDERSTANDING CLEARINGS-The opera
lions of the banks with the Clearing House showed
cearings Of SS3 626 yesterday. the heaviest for
any one day record.
CHICAGO GREAT wESTERN.-Chlcago Great
Westerns October statement made a favorable ex-
h!bit and attracted some local buying OF the COM
mon stock. The heaviest trading in this issue was
fer London account
RECORD PRICE FOR sEAT.-A seat on the
Stock Exchange sold yesterday for SAT .0O0 the
high price
STANDARD oII--standard on sold at III in
Yesterdays market.
NORTHERN PACIFIC.-Despite denials the re-
mort was again persistsntly repeated yesterday
that the preferred stock of the Northern Pacific
Railroad would be retired at par. 1t was init
mated that ga per cent bonds would be offered in
exchange for the stock. The stock was the lead
ING feature of day. 2ol 900 shares changing
hands in the common and 5000 shares in the pre-
ferred F. W. Savin e. Co. A. A. Housman & Co.
Uassermann Brothers. Bell & Co. and Talbot J.
Taylor & Co were heavy buyers. 1t was reported
nat the short interest for the foreign account had
become unweldy
NORTH AMERICAN.-There was large de-
-ard for North American which said
nate from interests identified with the company.
=. ,duced further purchases by traders and the
-esult was a sharp advance in the price, the net
cain for the day being 22t per cent report was
IN circulation that the North American company
,bich has an unusually liberal charter. would be
sed 70 hold control of Northern Pacific and Great
Northern The North American Company, which
Dc the successor of the old Oregon and Transconti-
na,taI Company controls the Milwaukee Electric
nu,,sv and Light Company and the Cincinnati
rdison Electric Company. Its authorized capital
tock is $50 OO0 of which $4,000 600 is outstanding
The two companies which the Wall Street rumor