New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-11-22
WALL STREET AND EXCHANGES

FOREIGN IRA D1NG.-Arbitrage houses bought
heavily at the opening, and 1t thought that
London shorts were covering. Total purchases on
balance amounted to 20ooo0 shares. the largest ar
bitrage house trading record. London advices
reported a bear scare the London Exchange
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common. Atchison preferred. chi
cago. Burlington and Quincy. Missouri Pacific,
New-YorS Central Northwestern. Northern Pa
cifc preferred. Reading first preferred. Rock ISL
and. St. Paul. Union Pacific common. Union Pacific
preferred. Manhattan, United States Leather pre-
terred, Delaware and Hudson Tennessee Coal and
Iron. Louisville and Nashville. Baltimore and Ohio
common, Pacific Mall 311; Peoples Gas, Sugar.
American Tobacco common, Continental Tobacco
common, Brooklyn Rapid Transit Southern Rail-
way preferred Federal Steel common. American
Steel and Wire common, 312G4: Western Union .;
Northern Pacific common. 2l9.
SUGAR REFINING DIVIDENDS-People who
well posted sugar affairs and who are ac-
quainted with the policy OF the company usually
pursued in dividend cases say that. according to
their belief there Is likelihood anything more
than the ~ per cent on the common at the next
dividend time 1t is pointed out that not only
have the company's profits from the sugar refining
business been large. but it is also said that the
coffee business has been very profitable also The
company IS passing through dull season.
It's profits have been materially cut down of late:
1t is carrying a large stock of raWs. ACQUIRED at
higher prices, and for the last six weeks or two
months it has been doing business on declining
IS.
is said that the contests between the various re-
fninG interests have materially reduced the Amer
lean Sugar Refining Company's surplus and before
1t begins to increase its dividends TO make
extra distributions 1t is more likely TO apply the
profits to the surplus fund
INDUSTRIALS--Suga advanced on inside buy
ing 1t was said that big squeeze" of the shorts
was about to take place The demand for Tobacco
was good despite unfavorable decision affecting
the company. Rumors Of Federal Steel interests
Colorado helped
stock. Peoples Gas covering Of shorts for
Chicago account and good local buying. In the
outside market Amalgamated Copper a feature
strong buying.
BROOKLYN RAPID TRANSIT.-Brooklyn Rapd
Transit in active demand by prominent houses.
large blocks being taken by Talbot ]. Taylor &
Co.. H. Content & Co., Strong. Sturgis G. Co. and
Flower & Co. The Street thought that the buying
for purposes of control Selling from
holders who sold for profits.
UNION PACIFIC.-Union Pacific common ad-
vanced l point net. while the preferred failed
show final improvement. The preferred stock is
intrnsically of the cheapest railroad stocks
the list and it ought to sell above So 1t is general
ly believed that will reach par in the course of
the next six months Its present price is under its
best price of 1899. when the common sold at So
GRANG 1R SHARES.-Buying of the Granger
shares a feature in yesterdays market st.
Paul of the most active stocks on the
list The move in this group was started by a
large operator who is particularly bullish in these
issues
NORTHERN PACIFIC-London was a heavy
buyer OF Northern Pacific. Wormser selling
active, and traders followed. 1t was officially de-
MED that the North American Company to be
used for the purpose of controlling Northern Pa
ciic and Great Northern.
ANOTHER acknowledgements the
Stock Exchange in the first hour broke all records,
amounting to nearly 100000 shares
DENVER AND RIO GRANDE.-George Coppell,
chairman OF the Board Of Directors of the Denver
and Rio Grande Railroad Company. says that the
management is not considering alliances with other
systems The business of the company is increas-
ing steadily.
STEEL AND WIRE REPORTS DENIED.-Re-
ports from Southern points to the effect that
the American Steel and Wire Company contem-
plates acquiring interest in the Tennessee Coal
and Iron Company and other similar property
denied yesterday at the local Office of the Amer
lean Steel and Wire Company.
AMALGAMATED COPPER COMPANY.-Appli-
cation has been made to the Stock Exchange 1t
said yesterday, to place the shares of the
Amagamated Copper Company in the unlisted de-
partment The application will be acted in
few days. Amagamated shares have been very
active and strong the curb" recently
norts of pending DEVELOPMENTS Of importance