New-York tribune., 1900-10-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING-London traded both
sides of the account buying on balance Southern
Pacific and Union Pacific were in good demand.
LOAN UOTATIONS.-Prevailing loan quota
tions follow: Atchison common and preferred,
General Electric Missouri Pacific, New-York Cen
trail Northern Pacific preferred, Reading 1st pre-
ferred Rock Island. ST. Paul, Union Pacific pre-
ferred Continental Tobacco common, United States
Leather preferred, Southern Railway preferred
Baltimore and Ohio common, S1s; Chicago, Burling-
ton and Quincy. 3q31s; Peoples Gas, Sugar, Ameri-
can Tobacco common. Brooklyn Rapid Transit,
Federal Steel common American Steel and Wire
common, 4; Third Avenue, fiat; Northwestern
1G2; Northern Pacific common 2Q2l2; Union Pacific
common, Manhattan, Tennessee Coal and Iron, 3l2
"a Delaware and Hudson. Western Union. 2; I'LL
nois Central l. and Louisville and Nashville SqS1z.
CHARACTER OF TRADING.-L W. Wormser
was an active seller IN the market. American
Steel and Wire sold by Western houses, and
Sugar declined lower Wall Street selling Butler
Brothers were heavy buyers of Missouri Pacific
and A. H. Combs sold Alton securities were ac-
tively dealt in by Mcintyre & Marshall. Hollister
& Babcock, Van Emburgh Atterbury' l. L.
Manson and Post & Flagg Foreign houses bought
Union Pacific and Southern Pacific. Northern "a
cifc well taken.
AMERICAN DISTRICT TELEGRAPH DIVE
DEND-The American District Telegraph Com
many has declared a dividend of IA per cent pay
able on November Is. Officers OF the American
District Telegraph Company say that the declara-
tion of a semi-annuaI dividend of IA per cent Is
not an increase in the dividend, but is In accord
ance with the policy Of the company TO pay no
more than 1t earns.
SOUTHERN PACIFIC.-It can be stated on
authority that the various reports regarding South
ern Pacific including the rumor that divloehu
Will be declared in December, are without founda-
ton and wholly for effect upon the STOCK. 'loieht
efforts are making in certain quarters to force
stocks higher by putting out sensational stories
every morning
THE GATES CONTROL.-John W. Gates has
bousbt a large amount of Kansas City Southern
,ssras. also Alton issues But these purchases do
NOT Garry control Of the Southwestern railway
situation as reported. 1t is good stock jobbing
.rgunoant however The Alton is not in the Kan
sas city Southern deal.
LAKE ERIE AND WESTERN.-Lake Shore in
terests own 1t is said, majority of each class OF
stock of the Lake Erie and Western. The road VIII
earn per cent its preferred stock this year.
but IT is not likely the common will receive dlvl-
dend as 1t is thought best to speed surplus earn
ings on the company.
INTERNATIONAL PAPER.-InternatOnal Paper
preferred was taken by good class of buyers and
50 was predicted for the price. In 1899 the stock
sold as high as 50 The earning power of the COM
pany IS better now than it year ago, while
IT'S general financial and trade position Is much
stronger.
RANK CLEARINGS-Ban Clearings for the
week aggregate 81 739 5l115S increase of 25 per
cent over a week ago but decrease of about the
same amount from this week last year. AS com
pared with 1898 gain is shown OF about one-third.
while over 1896 the increases is nearly so per cent
Outside of New York Clearlngs are per cent
smaller than a week ago and per cent less than
last year.