New-York tribune., 1901-04-11
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES
FOREIGN TRADING. London prices were
strong, and arbtrage houses bought in the local
market Upward of 10000 shares were dealt in
: mostly purchases.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common, General Electric Mis-
souri, Pacific. Western Union and Smelling COM
mon, 21@; Atchison preferred. Peoples Gas New
YORK central, Northwestern, Northern Pacific
common. Delaware and Hudson. Louisville and
Nashville and Baltimore and Ohio common, 8; Chi
cago, Burlington and Quincy. 2l2Q3; Northern Pa
ciic preferred. Reading first preferred. Rock ISL
and. St Paul, Sugar, Union Pacific common and
preferred American Tobacco common Continental
Tobacco common United States Leather preferred
Brooklyn Rapid Transit, Tennessee Coal and Iron
Southern Railway preferred and Anal lganated Cop
per- Sq5I2: Manhattan. 3Q212 Federal Steel COM
mon and American Steel and Wire common 3I5;
Federal Steel preferred and American Steel and
Wire preferred. 2 and Smelling preferred fiat
SIOCkS SOLD NEUTRALITY-SUSPICIOUS. put
out in Mondays market were bought back on Tues
DAY and yesterday. The large volume OF selling
two days ago disclosed the fact that the new
spectators in the Street sufficiently DOW
erful to absorb inside holdings. and a conse-
quence important speculative interests reached the
conclusion that the market grow broader
before liquidation can be effected without mate
rally disturbing prices The element that
the bull market has attracted to Wall Street Is
growing. and the time will doubtless come when
many spectators who are now getting their first
experience in Wall Street will be used by Mr.
Keene and his hackers as the medium for the dis
posal Of present heavy holdings
ST. LOUIS SOUTHWESTERN-A director OF ST.
Louis Southwestern states that meeting of St
Louis Southwestern directors has been called and
that while dividend has been earned and the
money is hand there is considerable doubt as
% whether will be declared. The directors
must meet however, between and June to de-
clare the interest on the income bonds.
MISSOURI. KANSAS AND TEXAs.-In the first
six months OF the company's fiscal year Missouri.
Kansas and Texas earnings amounted to s per
cent on the preferred stock The earnings OF jan
uary and February advance the surplus earnings
TO 9I4 per cent. Preferred shareholders believe
that they entitled TO dividends. but as yet no
lntimation has from official sources that
payment will be made.
MEXICAN CENTRAIA-Slnce 1891 the gold value
of Mexican silver dollars received in payment for
transportation and services performed on the Mex
lean Central has declined from f67ic TO 1880 In
the same time interest charges have increased. and
about 10 per cent of working expenses has been
paid in gold. The fact that the company has
earned it's charges in the last two years in
the face of steady decline In the gold value or
the silver dollar reflects big volume OF business.
If Mexico gold standard Mexican Central
stock would become a dividend payer
change in the management OF the road Is looked TOT
at the annual meeting.
THE GRANGER SHARES-The Granger shares
made sensational advances, crossing all past high
records Burlington taken by Keene brokers.
bv Clarke. Dodge & Co, and other prominent
houses A price of 200 predicted st. Paul ad-
vanced on traders operations. Rock Island was
heavily bought by Struthers, Jones & Co and j 5
Rache & Co Northwestern gained ia points. the
nreferred 16 points: Omaha, points, st. Paul. 29s
points; Rock Island. point; Burlington. 54 points
NORTHW EST'S MEETING.-A special meeting
of the Chicago and Northwestern directors has Deen
called for Kpril H. which day there Will also be
a meeting of the Omaha board. The meeting is
called at the request of the president. Marvin
Euebitt and the sharp advances in the prices of
both Northwest and Omaha have caused the circu-
latlon of of probable increase In the
Northwest dividend and possibly In that OF the
Omaha The current rate of Northwest is per
cent per annum and Omaha 1t is D per cent
ST LOUIS AND SAN FRANCISCO MEET
ING.-A meeting of the holders OF the outstanding
voting trust stock certificates Of the St Louis ana
San Francisco will be held on May 16 for the pur-
pose of voting proposition to increase the sec
ond preferred shares by sl5ocoooo Sl6OcoOoo being
the present authorized amount. and 10 authorize
the increase of the total capital stock TO Sl00COoO
the balance be issued above the $l6,9Uh0CO new
second preferred shares to be i'm new common
stock. The meeting will also act on the issue oil
the new refundng mortgage for $50 600, COO
DIVIDENDS DECLARED-The directors of
Chicago indianapolis and Louisville have declared
q semi-annual dividend of per cent the pre-
ferred stock payable April %. The directors of
the National Salt Company have declared quar-
terlv dividend of 1ia per cent on the common and
the regular quarterly dividend of Ia per cent
the preferred stock. The directors of Northern
Pacific have declared the regular quarterly div-
dend of per cent on the preferred stock.
SILVER EXPORTS.-The steamship La Lorraine,
sailing for Europe to-day will take out $500
ounces of silver. shipped by the United Metals
Selling Company.
EAsTBoUND TRAFFIC RATES-A joint meet
ing of the Central Traffic and Trunk Line associa-
tions freight committees will be held here on
Wednesday of next week The matter of differen-
tia rates eastbound business will form the chief
subject of discussion.
MIR. ELY'S RESIGNATION.-The governing
committee of the Stock Exchange yesterday re-
ceived and accepted the resignation from member
ship in that committee of George W. Ely who re-
Gently retired from the Stock Exchange, after many
years active member and secretary. Mr.
Elys successor in the board has yet been Sc
lected.
CONSOLIDATED RAILWAY LIGHTING CON-
PANY~At tho request OF Z large majority OF tho