New-York tribune., 1901-04-02
WALL STREET AND EXCHANGES.

FOREIGN TRApING.-London prices were nrin
and foreign houses bought in the local market IN
the early dealings. Later, however, sales preoofnl
mated with total dealings showing about 10000
shares sold on balance.
S-r0CK LOAN OJOTATIONS.-LOa quotations
were. Atcbison common and Smelling preferred l.
Atrbison preferred Chicago, Burlington and
ou,ncv Erie common and 1st and 2d preferred
9a2i,: Peoples Gas Northern Pacinc preferred
Reading lst preferred. Rock Island. ST. Paul
sur,r Union Pacific preferred. american To-
bacco common. Continental Tobacco preferred
T-,ited States Leather preferred. brooklyn Rapid
Transit Tennessee Coal and Iron. Southern Rail-
wav preferred Southern Pacific. Federal Steel
common and American Steel and Wire common Z'2;
Third Avenue Federal steel preferred and Amer'-
can Steel and Wire preferred fat General Elec-
tric New-York Central Northwestern, Northern
Pacific common, Manhattan Louisville and Nash
Vile and Smelling common, ,; Missouri PaclHc'
Delaware and Hudson, Western Union and Balti-
more and ohio common, IL: Union Pacific com
mon, 2i4H2A2.
THE STEEL. SFARES-Trading in United States
Steel stock amounted 10 upward OF $4,000 shares
Street & Norton sold 10000 shares of the pre-
ferred and II Content & Co. and Halstead &
Hodges each sold 2ooo0 shares. The heaviest buyers
were H. /. Horton & Co. Hollister & Babcock.
Webb & Pral Wasserman Brothers and Strong.
Sturgis & CO. All the steel and iron shares were
strong. II is believed in Wall Street that United
States Steel common will receive dividends next
summer.
CLEARING HOUSE NOTICE.-Contracts here
tofore made by members of the Stock Exchange
or which may be made by them up TO and in
cIuding transactions OF April 3, In United States
Steel Corporation common and preferred stocks,
"as and when issued" will he made the subject Of
a spccial clearance at the Clearing House of the
New-York Stock Exchange on April 4, Receipt and
delivery of tickets for such transactions must be
exchanged before II a. Thursday April I,
and clearance sheets must be delivered at the
tslao Iafor M oF fh9t Set
ment prices will be printed ION the tape on
Thursday. April T. at GAS a. III.
POSITION OF CHICAGO AND NORTHWEST
ERN.-In connection with the steady absorption
OF every share of Chicago and Northwestern COM
mon and preferred stocks which has the
market since the election last November. the fol-
lowing facts pointed out. coming from the
nuaI reports of the company: The net earnings up
the end of last year equalIed 20 per cent the
common stock IL paid Fer cent. In the year be-
fore the net earnings equal to Ii % per cent
the common. 1t paid per cent. 1t has spent
29al per cent the stock in two years the road
itself The company has 100000 stock in the
treasury which belongs to the stockholders 1t can
pay all fixed charges and 10 per cent each on the
common and preferred stock and have a surplus
currently
ROCK ISLAND.-The short interest in Rock ISL
and has been badly damaged. and further new
short lines in the stock not likely pay Rock
Island stock has been purchased by strong inter-
ests for investment, and speculative account and
Il stands an excellent chance of going $50 before
It sells materially lower. The companys capital
izaton is small while earnings are enormous The
road has added to its earning power the last few
years without increasing its capitalization Rolston
& Hooley and II. Nj. Hume & Co We're large
buyers of the stock while interests identified with
the company bought moderate amounts.
UNITED RUBBER PRICES LOWER-The
United States Rubber Company has made a further
reduction OF per cent i'm its prices. Boston re-
ports that the cut of per cent that the COM
pany has now entered into trade war for SUI
premacy. In the last three months rubber prices
have declined 2S per cent. and quotations are now
at point where profits, If any. must be extremely
small The company may find il necessary to pass
one or two dividends the preferred stock in
order to get rid of its rivals.
REPUBLIC IRON AND STEEL-A director OF
the Republic Iron and Steel Company says that
the buying of the company's securities is due to
the fact that people beginning 10 realize that
these issues are worth more than they are selling
for. Earnings are large and the outlook is en-
couraging
APRIL DISBURS EMENTS.- Disbursements for
the current month, compared by 1.-The Daily
Stakeholder" exceeded only by those of January
and July. again show increase. Interest is pay
able 10 the of s27 $685. S22 against s9S
ago. s2l lee In 1899 s24 o lsi in 1898 and
s20,1sl,S77 in 1887. Dividend payments aggregate
5s5 against s5.441ss last year s1O740754 In
1899 81, ,sS962 in 1888, and 1887 l0l In 1887 Com
bned dividend and interest payments of So sS sl1
pare with Sl,5io7ls last year. s4457ssls in lsss
SAL oS.777 in 1898 and ss7. .7os. III in 1897.
TENNESSEE COAL AND IRON.-Tennessee
Coal and Iron stockholders declared the usual dvi-