New-York tribune., 1901-03-23
WALL STREET AND EXCHANGES.

" am 81 hLLi hND II y I III ~ w -.
FOREIGN TRADING.-London was active in the
local market, arlitrage houses dealing in about
eighty thousand shares. mostly purchases There
n good demand for Erie and Reading issues
St. Paul and Atchison. Chesapeake and Ohio
sold for foreign account
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchson common, General Electric. New
! ork Central Northwestern. Northern Pacific com-
mon, Manhattan, Delaware and Hudson, Louisville
ana Nashville Smelling common. per cent; Atchi-
preferred. Chicago. Burlington and Quincy
Peoples Gas Northern Pacific preferred. Reading
first preferred. Rock Island ST. Paul, Sugar Re
filming. Union Pacific common and preferred, Amer-
can Tobacco common. Continental Tobacco COM
mon. United States Leather preferred, brooklyn
Rapid Transit Tennessee Coal and Iron Southern
Railway preferred. Southern Pacific. Federal Steel
common. American Steel and Wire common. 2ta;
Third Avenue, nat Missouri Pacific. Western Union
and Smelling preferred /; Baltimore and Ohio com
mon. fatql Federal steel preferred and American
Steel and Wire preferred. flat.
CHARACTER or TRADING-SeveraI large bull
traders took profits yesterday, and the Waldorf
chlu" was aggressive seller throughout the list
Declines In the traction shares due in great
part heavy selling by +. \. Fairchtd. r W
Savin bought ten thousand shares OF Pennsylvania
and sold five thousand Atchison. Cyrus !. Law
renee x Sons were the heaviest buyers OF Wabash
preferred Clark, Dodge & Co. Van Emburg &
Attcrbury. Talbot !. Taylor & co. and Keech
l-oeW x co. were active buyers OF burlington
Chicago sold Peoples Gas The trading clement
worked for lower prices, and it's success in the
afternoon created the opinion that prominent in
terests We're willing 10 permit moderate reaction.
DIVIDEND RJ'MQRS,- Buyers Of Minueap ,s
md 81 Louis talk of a per cent dividend for the
stock II IS pointed out that earnings warrant This
rate. and that In view of the chance Of some other
company seeking the control OF the road better
terms could be had by increasing the oividenI It
is rumorcd that Nickel Plate" second preferred.
which received per cent last year may be-
placed on a per cent basis.
~. r r" EARNINGS Earnings Of the Brook
lyn Rapid Transit system for February show an
increase in revenue of s26112. aud increase
I'm net OF S 9l7. From July I. gross earnings have
increased S2i0iS, and net earnings have Increased
Si62 $50. operating expenses having decreased
S2oS 7S7.
ERIE ISsUES-Buyiug Of Erie issues said
to BE- for ill-Morgan Interests II reported
that the second preferred would be retired and
that the common would receive a dividend soon
after the preferred. If Great Northern secures
the Burlington will get entrance into New
York over Erie which Mr Hin is now largely
| Interested. Wasserman Brothers We're heavy buy
ers of Erie issues
PENNSYLVANIA COAL-At q meeting Of the
board of directors of the Pennsylvania Coal Com
pauy the following officers who all connected
with the Erie Railroad. We're elected: G NJ. Cum
ming. president; l.. 5. Miller vice-presideut; J. A
Middleton. vice-president and secretary; J. T
Wann. auditor and }. W. Platten, treasurer
| EXCHANGING BONDS FOR STOCKS-"The
New,-York News Bureau" says that one out Of town
financial Institution has in the last week sold
$io bonds and invested the proceeds in Louis
Vile and Nashville stock. The bonds sold included
'nion Pacific Is. Northern Pacific Is and Missouri
Pacific collateral So The reason given for the
| turn over was that the bonds showed good
| profit and being eventually redeemabIe at par,
| could not be expected to advance indefinitely
BROOKLYN FERRY IssUEs.-The securities OF
| the Brooklyn Ferry Company OF New-York have
| been active within the last few days the stock
| since Wednesday experiencing an advance of . per
| cent. and the bonds about per cent. Near the
| close Thursday there were sales of the stock at
2S while the closing bid figure was %, with no stock
offered The bonds advanced TO 90. In yesterday $
market the stock closed point under Thursday 5
final figure.
| PAPER TRADE CONDITIONS.-"The Paper
| Trade Journal" says that the general Improvement
| in the market which began two weeks con-
| tinues All grades sharing in the renewed ac-
tivity. The general retail business seems to be In
| good shape. News paper is also beginning to feel
| the impetus OF the spring demand. Bags in
! fairly good demand, with quotations little weak.
| METROPOLITAN REPORT DENIED.-H. II.
| Vreeland. president of the Metropolitan Street
| Railway, says that the report which was crcu-
| lated in Wall Street yesterday morning that I'M
! favorable developments affecting the Metropolitan
road pending is absolutely without foundation.
| MEXICAN NATIONAL. DIRECTORS.-At the
! Railroad Company yesterday to nominate directors
| for the year. Martin Erdmann, Henry w Taft and
Gabriel Morton. representing Speyer & Co. were
! named TO succeed George Foster Peabody, Walter
| Hinchman and James Sullivan who represented
| the construction company.
| SILVER EXPORTS.-The steamship Campania
sailing for Europe to-day. will take out 657 COO
! ounces of silver. shipped follows: The United
| Metals Selling Company. SIS 900 ounces: NJ Guggen-
| helms Sons. $4,000 ounces. and Zimmerman &
| Forshay. 100000 ounces.
| OFFER OF BONDS.-Redmond, Kerr & Co to-
| gether with the Fidelity Trust Company of
| Newark. offer for sale s1,4000C0 per cent fiftv
| year gold bonds OF the Elizabeth, Plainfeld and
| Central Jersey Railway Company. The bonds are
issued for less than 20 cent of the actual cost
! of the properties consolidated, and cover ffty-
nine miles of street railway serving the following
! cities in New-Jersey: Elizabeth WestieId Fan
| wood. North Plainheld. Roselle. Clark Plainfeld
Sewaren. Crawford. Railway and Woodbridge. The
company forms of the three largest railway
systems which control and operate practically all
or the trolley roads in Northern and Central New
i eoffa areda NJ