New-York tribune., 1900-11-15

Iron Federal Steel common and American steer
and Wire common, T. Northwestern. l. Nortnerh
Pacific common and Western Union. 2 Soutneih
Railway preferred Louisville and Nashville. TUBE
common and preferred. 3; Pacific Mail nat; LAnseeo
common 1-s4: Linseed preferred. 1-a2 70 nat
CHARACTER OF TRADING.-The Consolidated
Exchange crowd and the Wormser following were
active on the short side. Standard OIL interests
were sellers of stocks and Chicago houses
sold the Steel shares. The buying was generahy
better than the selling but the shorts expressed
great confidence in their side OF the market
prominent Broad-st, operator was believed 10 nave
sold Pennsylvania Brokers sometimes operating
for Hartman interests bought Northern Pac'hc'
Inside buying reported in American ana Conu-
mental Tobacco. Pacific Mail was heavy on seihne
induced by the belief that II would cease 10 DC
speculative favorite Jersey Central was well
taken. Buying Of General Electric was SAID 70 ne
for Standard OIL interests
PEOPLES GAS-People's Gas again bought
by substantial market interests and by operators
who are well Informed regarding the market
course Of the stock. Recent Chicago Gas develop
ments have all Been In favor Of the People : Iorn-
pauy. and in consequence the stock. whlcn mas
been selling under its actual worth for long time.
is expected 10 make noteworthy progress toward
a higher level. In view OF the per cent dividends
and the earning power In excess Of dividend re-
quirernents IL would seem If the price of the
stock would be dear at 130.
JERSEY CENTRAL-Current buying Of Jersey
Central stock is the belief that the price will
above $50 on developments affecting the property.
1t was said yesterday that Pennsylvania. and not
Baltimore and Ohio was after the Jersey Central
road.
NORTHERN PACIFIC Northern Pacific was
strong and higher on foreign and local buying.
Rumors were current Of important developments
in the Northwest. leading 70 closer relations be-
tween Northern Pacific and Great Northern
COAL sTOCKs.-Importa7t strength developed in
the coal stocks Rumors Of increased iividends were
put out for Jersey Central Ontario and Western
advanced on good buying and the Reading issues
were in demand II is thought that all the SOFT
and hard coal stocks will higher. The hard
coal stocks were helped Yesterday by reports Of de-
veloprnents in connection with trunk line control
ILLINOIS CENTRAL.-1llinos Central for sep
tenber showed increase in net earnings OF Sl'74
making for the year from July net decrease OF
S"78I7l, operating expenses and taxes haVlhE IN
creased S173 c3S The road could show Dig de-
crease right through the year from last year
heavy earnings and still have a surplus ABOVE
dividend requirements For october gross earnings
increased soS7524
ATCHIsON PREFERRED.-It is understood IN
certain quarters that the leading speculative inter
ests in Atchison preferred count on par Tor the
stock before the end of January AS per cent
dividend payer il is argued that par VIII not oe
higher price for this issue.
IRON MOUNTAIN FOURs The advance in
Iron Mountain As in the last few days has been due
to buying by people usually well Informed regard-
ing Missouri Pacific affairs The Iron Mountain
holds the bulk Of the Texas Pacific seconds. and II
latter named issues this year This would naJu-
rally be Of benefit 20 the Iron Mountain
UNITED STATES LEATHER--In leather trade
,ircles no significance is attached 70 the activity IN
leather common stock L Is generally believed
hat manipulation of the character that car
ried the stock 70 40 year ago is responsible for
the current advance. rather than buying based on
posstIe favorable developments.
SECURITIES LIsTED.-The following securities
lave been added 10 the Stock Exchange list s4E5,-
% additional common stock OF the General Electric
Company. making the total capital stock common
and preferred) s2 100 $4,000 preferred stock OF
me Mobile and Birmingham Railroad Company
a. 900 first mortgage 4 per cent gold coupon
bonds Of 1s4s OF the Brooklyn Union Elevated Rai!-
road Company. successor 70 the Kings County Els
are Railroad Company so 600 31a per cent frst
len gold coupon bonds sI9544coo Of per cent non
cumulative preferred stock and sls.5+2so common
stock OF the Chicago and Alton Railway Company,
and S3l 9Ss 0Oo per refundtng fifty year gold
coupon bonds Of the Chicago and Alton Railroad
Company.