New-York tribune., 1901-06-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London prices were high
er. and foreign houses bought stocks in the local
market Total dealings amounted to 5000 shares
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchson common and preferred, Chicago,
Burlington and Quincy. Peoples Gas. Southern
Pacific. Wabash preferred, General Electric. Mis-
souri, Pacific. New-York Central Northwestern
Amalgamated Copper Reading first preferred. St
Paul. Sugar. Union Pacific common and preferred.
American Tobacco common. Continental Tobacco
common, Anaconda. Manhattan. United States
Leather preferred, Brooklyn Rapid Transit. Della
and Hudson Tennessee Coal and Iron. West
Union. Southern Railway preferred Louisville
and Nashville. Baltimore and Ohio common. Erie,
United States Steel common and preferred. 3;
Northern Pacific preferred. Rock Island. 2.
AMERICAN LINSEED-The acquisition of the
American Linseed Company by Standard Oil inter
ests will naturally improve the value of Lnseed
securities and doubtless result at remote period
In resumption Of dividends on the preferred
stock The proposed consolidation of the Ameri-
can Linseed Company with the Union Lead and Oil
Company is off. and holders who have deposited
their stocks will naturally have them returned
Regarding the report that Guy V. Major, president
Of the American Linseed Company, is to be the
head Of new company which is said TO have
purchased property for large lnseed oil mill in
Toledo IT is pointed that as Mr. Major has
Just been elected director under the new man
agement Of the American company such a thing
would be impossible. meeting OF the board
Of the Linseed company was held yesterday at No.
p Broadway. but no business was transacted. The
board will organize i'm a days but il is under
stood that none of the present officers of the COM
pany be reelected
DIVIDENDS DECLARED-The directors of the
Manhattan Elevated Railway have declared the
usual quarterly dividend OF per cent The direc-
tors OF the Northern Central Railway Company
have declared a dividend OF 4 per cent payable
July Is TO stockholders Of record June % This is
an Increase The directors OF the American Beet
Sugar Company have declared the regular quarter
ly dividend OF IL per on the preferred stock
The executive committee Of the Western Union
Telegraph Company has recommended the declara-
ton Of the usual quarterly dividend of IA per cent
The directors OF the Soss-Sheffeld Steel and Iron
company have declared The regular quarterly divt-
dend of u, per cent on the preferred stock.
THE DECLINE IN CONSOLS.-'The London
Financial News says regarding the decline IN
consols. The conspicuous weakness OF consols has
been due tn heavy sales made on behalf OF the
Auglo-American syndicate. TO which, for some
mysterious reason. the Chancellor OF the Exchequer
made a preferential allotment OF the recent loan
II the object that the Chancellor OF the Exchequer
had IN view was 70 enable Wall Street sway the
consols market. ne has achieved a brilliant sue
cess"
SPRING WHEAT P. Brown. statistician OF
The Produce Exchange. has received a dispatch
from Washington making spring wheat acreage
Il. .if6 000 acres which on the basis OF conditions
would make the indicated crop PSI 10000 bushels
TWIN CITY RAPID TRANSIT.-The resignation
oc r. J. Cross as director OF the Twin City Rapid
Transit Company has been accepted. and A. f.
Ames. Of Toronto Canada. has been elected in his
place
SILVER EXPORTS steamship Majestic.
sailing for Europe to-day viii take 361 90
ounces Of silver. shipped follows: The United
Metals Selling Company 2s6.coo ounces. and thinner
mann & Forshay - 90 ounces
ERIE DIVIDEND RUMORS.-C Concerning the
reported probability of dividend declaration
Erie first preferred stock the statement is made
at the roads headquarters that meeting of the
directors is likely TO be held until Mr.. Morgan's
return from abroad.