New-York tribune., 1901-05-02

the United States Steel issues and foreign firms
bought a moderately heavy amount in the New
York market.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common, 1; Atchison preferred.
Chicago Burlington and Quincy. General Electric.
Missouri Pacific, New-York Central, Northwestern.
Union Pacific common Manhattan. Louisville and
Nashville and United States Steel preferred, 31k:
Peoples Gas. Reading first preferred, ST. Paul
Sugar, Union Pacific preferred, American Tobacco
common, Continental Tobacco common. United
States Leather preferred. Brooklyn Rapid Transit.
Tennessee Coal and Iron, Southern Railway pre-
ferred United States Steel common and Anal
gamated Copper, 31964; Northern Pacific common
and preferred Delaware and Hudson and Western
Union 5. and Rock Island and Baltimore and Ohio
common. fat.
CHARACTER OF TRADING-Chicago sold oooo
shares in the first hour. but subsequently bought
than it sold Commission houses had selling
orders for local traders but Southern buying or
ders were heavy. j. S. Bache & Co took large
amounts of the Readings Talbot ]. Taylor & Co.
and F. w Savin & Co. were heavy buyers of
Union Pacific. Chicago houses sold the Steel stocks
H. L. Horton & Co. We're heavy buyers of Pennsyl-
vania. The advance in Leather was due pur-
chase of 10000 shares by Dick Bros. & Co. A we'll
known room trader in Union Pacific cleared up $40
600 in the dozen sales of the stock at 129 Illinois
Central. Southern Railway and Wabash issues were
new bull features
NORFOLK AND WESTERN.-The surplus of the
Norfolk and Western for the first nine months of
the fiscal year. March 81. 50 2S2 723. is an
average OF $S9S,l91 month At this the
plus for the remaining three months of the fiscal
year will be N077,573 which will make the total
surplus for the year $4310.296 The payment of 4
per cent on the preferred stock outstanding will
require SS9,7l6 Deducting this amount from the
timated surplus will leave $2 400 $50 which is equiv
alent to over 514 per cent the outstanding
stock 1t is positively said with respect the
reports. several times circulated that the Pennsyl-
vania Railroad Company had sold its holdings in
Norfolk and Western that such is not the case
and that the company has diminished its hold
ngs
INTERNATIONAL POWER.-The absorption Of
International Power stock continued yesterday and
the result was a further material advance in the
price. The supply of stock in the market appears
be small.
STEEL SHARES IN LONDON.-Application has
been made to the London Stock Exchange TO list
$S00,o00G00 common and preferred stocks of the
United States Steel Corporation.
RUBBER GOODS SHARES.-The Rubber Goods
Manufacturing Company and preferred
stocks admitted TO quotation in the unlisted
department of the Stock Exchange at the beginning
of business to-day. The abbrevtation is ''R. r."
ATCHISON DIVIDEND.-The directors of the
Atchison. Topeka and Santa Fe have declared a
semi-annual dividend of IL per cent the common
stock. In some quarters per cent had been ex-
peCted.
PENNSYLVANIA DIVIDEND.-The PennsyI-
vara directors have declared the usual semi-annual
dividend Of 2i1 per
PEOPLES GAS DIVIDEND.-The Peoples Gas
Light and Coke Company of Chicago has declared
tho regular quarterly dividend Of liz per cent. pay
able May %
A COPARTNERSHIP.-Jam Moore Rhett and
Edward Lowndes Rhett have formed a copartner-
ship under the firm name OF Rhett Brothers for the
transaction of general commission business in in
vestment securities.
RUTLAND RAILROAD-Rutland preferred stock
sold at 10 at the close Monday. advance OF
fifteen points in four days since President Gala
of the New-York Central was elected a mem
Der OF the Board Of Directors. The New-YorA Cen
tral people now in control Of the Rutland road.
having five members out of nine on the Board OF Di-
rectors. and W Seward Webb is chairman of the
board The property Is being placed in strong physi
cal condition AMI being extended the
qurements of the New York Central