New-York tribune., 1901-12-18
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses were not
active in the local market. Total dealings aggre-
gated 1900 shares. mostly sales.
INTEREST PAYMENTS.-A little over A0oooo
interest on United States bonds paid through
the Clearing House but this amount was onset
by nearly equal amount of transfers OF internal
revenue collections through the New-York corre-
spondents of Western and Southern banks, so that
the debit balance of the Sub-Treasury at the
Clearing House only s637 lis. The Sub-Treas-
ury transferred $4,000 to New-Orleans for local
banks
INTERNATIONAL PAPER.-The Rumford Falls
mill of the International Paper Company has been
almost entirely rebuilt since the plant was pur-
chased in January, 1898. The capacity was then
eighty tons day, and the production Is now ISo
tons daily. This Illustrates the companys polcy
of improving and enlarging the best situated
plants.
WABASH INTER EST.-The directors of the Wa
bash Railroad Company will meet on Friday 70
take action the debenture "A and b ponds.
1t expected that the regular semi-annual rate Oh
per will be declared on the former ISSUE but
it is not believed that any disbursement Will De
made on the ''B's'' this timc-
SUGAR PRICES CUT.-Arbuckle Brothers have
reduced price of refined sugars 10 points TO oSoc
for granuIated B. H. Howell, Son Co. have
met the cut, the American Sugar RehninS
Company has posted an unchanged price list
However, it is understood that orders will be taken
the reduced basis quoted by Arbuckle Brothers
and B. H Howell Son & Co Arbuckle Brothers
report quite good demand
AMERICAN LIGHT AND TRACTION COM
PANY-The American Light and Traction Com
pany reports gross earnings for November 4so1
$50 332; to pay one months dividend on the pre-
ferred stock requires $50 6O surplus for the month
So 6H. The surplus for four months ended Octo-
ber 81, 1901 after paying quarterly dividend Of
~ per cent. 699i9; surplus for five months
endeu November 80, Sl22 .591.
MOHAWK AND MALONE INCOMES.-The
New-York Central Railroad Company, through J.
P Morgan & Co., has bought from A l.. Meyer
the entire issue of Mohawk and Malone income
!onds-r amely s, 100000 1t is understood that
the price paid considerably above par This
transaction explains the recent advance in the
bonds to 10 The bonds are entitled TO per cent
interest. II earned.
MANHATTAN BEACH-it is reported that the
Manhattan Beach Hotel and Land Company. whose
bonds listed the New-York Stock Exchange.
may soon issue some additional securities pro-
vide funds for improvements.
STANDARD COUPLER.-The declaration OF
per the common stock by the Standard
Coupler directors makes the third dividend paid on
the common stock. per cent having been paid in
December. 1900 and IL per cent in December. 1893
The preferred stock has paid dividends at the rate
Of per cent a year since the formation Of the
company.
NORTHERN PACIFIC-Earnings OF the North
ern Pacific Company for the first week in De
cenber show an increase IN gross Of s23s9S5. From
July gross earnings have increased si.2055i2
SILVER EXPORTS.-The steamer St Louis.
sailing fo- Europe to-day. will take out $4,000
ounces OF silver, shipped follows: The United
Metals Selling Company. 1900 ounces. and zim-
rnermann & Forshay. 1000 ounces.
AMERICAN LOCOMOTIVE.-Th American Lo-
comotive Company has received orders for forty
two locomotives from Japan, the Baldwin company
for hfty-four from Australia, and the Porter COM
pany for four from South Africa.
TRUST COMPANY OF AMERICA.-The Trust
COMPANY OF America has declared its semi-annual
dividend of 312 per cent, payable on January TO
stock of record December 20 Books close on De-
cember 20 and reopen January ?.
ELECTED DIRECTORs.-At the board meet
ing Of the Lawyers Title Insurance Company
Fourth Vice President William H Mcintyre of the
Equitable, and George II. Squire and Jonn Har-
sen Rhoades were elected directors.