New-York tribune., 1901-05-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London dealt in about
25OO0 shares in the local market. selling balance
The London market too narrow to admit of
large arbitrage dealings
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common, 81 Atchison preferred
Chicago Burlington and Quincy, Peoples Gas,
General Electric. Missouri Pacific, New-York Cen
trail Northwestern, Reading first preferred, St.
Paul Sugar Union Pacific common and preferred
American Tobacco common. Continental Tobacco
common. Southern Pacific. Manhattan. United
States Leather nreferred. Brooklyn Rapid Transit
Delaware and Hudson. Tennessee Coal and Iron.
Western Union, Southern Railway preferred Louis
VILE and Nashville Baltimore and Ohio common
and United States Steel common and preferred,
4d5; Northern Pacific preferred. 2. and Rock ISL
and. 162.
MARKET MOVEMENTS-Room traders were
generally sellers. Talbot J. Taylor & Co. were
heavy buyers around the room. and Flower &, Co.
active in their specialties. Buying of Erie
and Reading issues was thought to represent Nor
gan interests. Wassermann Brothers bought 10 900
shares of Reading common. Peoples Gas was
taken by Flower & Co Important railway interests
bought International Power. H. L. Horton a
heavy buyer of St Paul. Chicago sold Atchison,
Rock Island and Union Pacific
LOUISVILLE AND DNASHVILLE.-Reports from
Louisville TO The Wall Street Journal say that
the buying of Louisville and Nashville stock has
been done on a large scale by the most substantial
element of Louisville business life The stock is
good collateral at the banks, not much because
of the immensely increased earnings because of
the steady reduction in the fixed charges of the
road. There will be a reduction of Sl050O0 more
per annum on July l, when $500 600 of the old Z
per cents will be retired unified having already
been sold to take their places.
STOCK EXCHANGE SEATS SLUMP-A Stock
Exchange seat sold yesterday at 10000. drop
of $4,000 from the last preceding sale At $4,000
Stock Exchange seats are still selling at fictitious
valuation.
MEXICAN ISSU UES.-Mexcan Central common
and income bonds showed considerable strength
the stories of extension of the road to port
the Pacific Coast of Mexico to develop trade
with the Far East The buying of good
character and looked as If it came from insiders
ATCHISON.-Heavy buying of Atchson was
again accompanied by reports of Pennsylvania con-
troll. Chicago houses took large amounts Of the
stock while Philadelphia houses Were also active.
Pennsylvania interests, If they seeking control
will doubtless continue to deny current reports un-
til control is actually assured.
MISSOURI PACIFIC.-Missouri Pacific directors
will to-day Reports that a dividend will he
declared confirmed by inside information. 1t
said yesterday that little beyond routine work
would be done the meeting.
PIG TINS ADVANCE.-It is said that with the
advance of 20 points in local prices for pig tin
at New York yesterday in sympathy with the
large enhancement Of values in London prices here
now about equal with those at London, not
counting freight and expenses. The rise in Lon
tive manipulation
A MANUFACTURING INVESTMENT. - Sub
scriptions the $4,000 per cumulative and
convertible preferred stock Of the AlIis-Chalmers
Company viii be received at the offices of Yer
mye & Co. until close Of business to-day. The
ba nkers recommend this stock manufacturing
investment in the security earnings and manage
mcnt Of which they have entire confidence