New-York tribune., 1900-12-07
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-London dealt in about
1000 shares. mostly purchases. Arbitrage houses
scld Erie and Atchison.
STOCK LOAN QUOTATIONS-Loan quotations
follow: Atchison common. Atchison preferred, Chi
cago Burlington and Quincy, New-York Central,
Northern Pacific preferred Reading first preferred.
Rock Island. St. Paul. Union Pacific common. Union
Pacific preferred. Manhattan. Tennessee Gal and
Iron. Louisville and Nashville Baltimore and Ohio
common. Slaa4; Peoples Gas. General Electric,
Sugar American Tobacco common Continental
Tobacco common United States Leather preferred,
Brooklyn Rapid Transit. Southern Railway pre-
ferred American Steel and Wire common. Anal
gamated Copper. 4: Missouri Pacific. Northwestern,
Northern Pacific common, Delaware and Hudson.
S1k Western Union. Alton common, 3; Illinois Cen
trail ? and Federal Steel common. T.
TENNESSEE COAL AND IRON.-Tennessee
Coal and Iron stock sold for Western account,
and reports of a big falling of in earnings were
put out Net earnings of the company this year
have declined from s3l2.s72 in January to S23.sS7
in October and the surplus after charges for ten
months stands at s1.674.749 Dividend requirements
for the year are Ss24.12s, that to earn enough
for dividend this year the company mus have
surplus of s74 $50 for November and S4,sss for De-
cember The company's action in paying 8 per
cent dividends was thought TO be somewhat in the
line of extrava gance and poor judgment.
ERIE ISSUES.-Erie issues were again In de-
mand. 1t was reported that the Morgan interests
We buyinE.
dividend on the first preferred stock at no remote
perod Over per cent was earned on the first pre-
ferred stock last year and earnings this year are
good the falling off in October being due to the
coal strike. II said yesterday that dividend
on the first preferred would be followed by the sale
Of Treasury bonds to meet the cost or improve
ments on the property
ST LOUIS AND SAN FRANCISCO.-St. Louis
and San Francisco directors declared the regular
sem-annual dividend of per cent on the hrst pre-
ferred stock yesterday The dividend on the sec
ond preferred is not due until March, when, it is
now believed the rate will be raised to per cent
basis Earnings are running at rate far in excess
of per cent on the first and second preferred is
sues.
Texas preferred was in good demand. and the stock
that came out on the advance merely represented
nroft taking on accounts accumulated when the
stock sold around 80. There is only SSOoO"O pre-
ferred stock. and earnings for the year are ex-
pected to show as much as 10 per cent on 'ne pre-
ferred.
coal sTOCKS-The hard coal stocks were
s+rorg features Buying induced by the colder
weather and by the hirn price OF anthrael'e- An
interest identified with one OF the larger cohpa-
rias said Yesterday that they were making enor-
nous earnings and that the loss from the coai
title had already been more than covered 1t was
renorted that the proposed independent coal road
had been abandoned
ACTIVITY IN BONDS-Bonds selling under par
in demand
we're reported in Missouri. Kansas and Texas eX-
tension as Erie 1st general As and prior lien Is
c,,souehanna and Western 5s. Green Bay and
western debenture Bs. Peoria and Eastern income
As and wabash debenture Bs. The bond market was
more active than the stock market
NEN-YORK CENTRAL.-Earnings or the New
VII Central and Hudson River Railroad for the
month Of November were $4s5s-22S against aIsS4S 1872
in the same time A year ago, or an increase OF
s73.7sl.
DENVER AND RIO GRANDE--benver and Rio
Grande directors have declared dividend Of ga
nor cent on the preferred stock. This is an In
crease of one-haf Of per cent and places the stock
on a per cent basis
FL ECTED MEMBERS F. Martin. Alex
ander H. Mast. Chicago; J. Frederick Pierson. jr..
Reniamin Wolff No lO Broadway. and Nathan j.
Miller. Baltimore. have been elected To membership
IN the Stock Exchange.
AMERICAN SNUFF DIVIDEND.-The Amert-
can snuff Company has declared a dividend OF
per cent on its preferred stock, payable January
,rbe American Snuff Company Incorporated in
N-eJersev in 1900 in the interest Of the American
Tobacco and Continental Tobacco companies, whose
srlT properties il acquired and which own $500
GOO common and s25OO,OOO preferred stock and have
etgbt of the seventeen directors. The company has
an output Of nearly 100000 pounds yearly and
trolls about a. per OF the output Of the country
PEORIA AND EASTERN INCOMES.-Bond
merits attribute the buying Of Peoria and Eastern
incomes TO the belief that II is only question OF
short time when adjustment will he made by
the Big Four with the hondholders. whereby the
incomes will receive a regular amount OF interest
II is asserted that the intrinsic merit OF the bonds
would warrant much higher than the ruling market
figures.
NEW TRUSTEES ELECTED.-George w. Per
kins vice-president of the New-York Life Insur-
ance Company. and Abram NJ. Hyatt, vice-Presi-
dent OF the New-York Security and Trust Company,
have been elected trustees OF the New-York Sc
curity and Trust Company
THIRD AVENUE BONDS.-The subscription
books for the Third Avenue per cent bonds Of
fered public subscription. viii close at D. m or
earlier December al the ONCE Of Kuhn, Loeb
& Co
BUYERS AND SELLERS