New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-12-18
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London was an active
factor in the local market ArbItrage houses
bought upward OF 125,OOo shares, with especially
large purchases of Southern Pacific The net pur-
chases were 100000 shares. Foreign dealings were
heavier than on any day In many months.
STOCK LOAN QUOTATIONS-Loan quotations
were: Atchison common and Third Avenue, per
cent; Atchison preferred. Chicago, Burlington and
Quincy Missouri Pacific. fTewYOrk Central, Read
ing first preferred, Rock island. st. Paul, Union
Pacific common and preferred. Manhattan, Della
ware and Hudson and Southern Railway preferred.
4Q41z: Peoples Gas. Northern Pacific preferred,
American Tobacco common. Continental Tobacco
common. United States Leather preferred, Brook
Ign Rapid Transit, Tennessee Coal and Iron, Fed
eral Steel common. Amalgamated Copper and
American Steel and Wire common. 415; Northwest
ern Northern Pacific common, Sugar Refining.
Louisville and Nashville and Baltimore and Ohio
common, 4; Western Union and Illinois Central, 8;
Erie common, fiat, and Erie second preferred and
Erie first preferred fiat az.
CHARACTER OF BUYING.-Western houses
bought about $500 shares and sold upward of
10000 shares Room traders sold throughout the
day, the heaviest buying coming from commission
houses and banking interests identified with the
large railway companies Talbot j. Taylor & Co.
were heavy buyers. Keech, Loew Co. were
active buyers of American Tin Plate F. w. Savin
& Co. and Strong Sturgis & Co. sold Brooklyn
Rapid Transit in large amounts while Bell & Co
and Day & Heaton were heavy buyers. Western
houses bought the soft coal shares. Halle & Stieg-
litz bought Great Northern preferred. Morgan
brokers bought. and brokers representing all the
leading houses in the Street absorbed stocks on all
reactions
HEAVY ADVANCES-The more striking net
gains were made by Amalgamated Copper pa
points; American Coal, points: American Express
points; American Tin Plate. 2Is points; Brooklyn
Rapid Transit. 2A points; Brooklyn Union Gas 2I5
points; Northwest pa points: Omaha preferred 3
points; big Four" 25s points, Erie first preferred
IA points; Erie second preferred. Az points: Man
haitian Beach. points, Manhattan Elevated 2ss
points; Metropolitan, 4A points; Northern Pacific
rs points; Pacific Coast. pa points; Pullman ga
points. and Twin City Rapid Transit pa points
RECORD BREAKING DEALINGS-The deal
ings In the first hour heavier than i'm any
corresponding time record. and the tape prices
were generally about ten minutes behind the mar
ket in the early trading. There was more excite
ment at the opening than at any time since the
election. Few high records were made by Atchi-
son common and preferred. Chesapeake and Ohio
Erie first and second preferred. Hooking Valley
common and preferred. Lake Erie and Western
Nickel Plate and I'd preferred Reading 1st pre-
feIred. Southern Railway common and preferred
Union Pacific and Northern Pacific.
SOUTHERN PACIFIC-Southern Pacific ad-
vanced on reports that the company's stock would
be readjusted. 1t was subsequently announced
that there was no immediate prospect OF a change
in the stock. 1t is thought. however that the
present S2oOOOOOOO capitalization will ultimately be
divided into common and preferred stock, with
500. 900 of each.
THE VANDERBILT SToCKS.-Good buying
reported in the Vanderbilt stocks and divi-
dend rumors were current. 1t was said in some
! oiIces that the New-York Central dividend would
be increased to per cent. In well informed
quarters It is thought that If the directors dis
tribute more than IA per cent II will be in the
form Of an extra dividend OF 1 per cent making
per cent for the wear.
TRACTION ISSUES-The traction shares adj
vanced on buying by insiders and on reports of a
c-oser union among the various companies Brook
lyn Rapid Transit the feature. Various re-
ports were put out about the company but no
actual news developed II was said that a change
would be made in the Board of Directors. and
that Metropolitan interests would enter the com
pany.
GREAT NORTHERN-A price Of 200 is predicted
for Great Northern preferred. II Is said that the
advance I'm this stock reflects buying in expectation
of coming rights on the stock
NEW RECORD FOR STOCK EXCHANGE
SEAT.-A seat sold the Stock Exchange
yesterday for $4,000 exclusive of the initiation fee
of 1000 This is the best price on record
METROPOLITAN DIvIDEND-The directors Of
the Metropolitan Street Railway have declared the
regular quarterly dividend OF ia per cent.
APPLICATION TO INSTRUMENTATION has bean
made to list the following securities on the Stock
Exchange: Chicago Great Western Railway Com,
pany. $4,000 additional per cent debenture
stock: Lake Shore and Michigan Southern RAN,
way Company so 2isOOO additional s1s per cent 100
year bonds.
TO READJUsT CAPITAL STOCK-A meeting Of
the directors OF the North American Company has
been called for this afternoon 20 consider the ques
ton OF readusting the capital stock II planned
according 10 report. TO reduce the stock by very
considerable amount perhaps four-hfths or Ave
sixths. The North American Company is capital
tied at SocoOo00. and has outstanding $50 ZIG 500
stock IL owns trolley and electric light properties
in Milwaukee and Cincinnati.