New-York tribune., 1901-06-20

shares Arbitrage houses sold chiefly Union and
Southern Pacific and United States Steel
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common. Rock Island. s; Atchison
preferred, Chicago, Burlington and Quincy. People 3
Cas- Southern Pacific Wabash preferred. General
Electric. Missouri Pacific. NewYork Central.
Northwestern. Amalgamated Copper Reading first
preferred. St Paul. Sugar, Union Pacific common
and preferred American Tobacco common. Con-
tinental Tobacco common. Anaconda Manhattan.
United States Leather preferred Brooklyn Rapid
Transit. Delaware and Hudson. Tennessee Coal
and Iron. Western Union. Southern Railway pre-
ferred Louisville and Nashville Baltimore and
Ohio common, Erie. United States Steel common
and preferred. 3l9; Northern Pacific preferred 2..
GOLD EXPORTS.-Cold to the amount of 81 25O.-
600 has been engaged for export to Germany by to-
DAYS steamer. The National City Bank and Held
ebach Iokelheimer & Co. each shipping $780,
O0o and Kuhn, Loeb & Co. sending S25O,oo0.
STOCK EXCHANGE NEW MEMBERS.-W. d.
Barbour. of W. ID. Barbour & Co.; A A. Cam
merer. at Lazard Freres. and John A. Black all of
New-York. have been elected members of the Stock
Exchange.
DIVIDENDS DECLARED.-The directors of the
NewYork Air Brake Company have declared the
regular quarterly dividend of per cent The di-
rectorS of the Title Guarantee and Trust Company
have declared a quarterly dividend of per cent.
payable on June 30 The directors of the American
Telephone and Telegraph Company have declared
a regularly quarterly dividend of ~ per cent and
extra dividend of "a per cent. The directors of
the Oregon Railroad and Navigation Company have
declared the regular semi annual dividend of per
cent on the preferred stock. payable July ].
SILVER FOR EUROPE.-The United Metals Sell
ing Company will ship 1O7 900 ounces of silver to
Europe by to-day's steamer
ILLINOIS CENTRAL.-Prominent among the
railway stocks which regarded with favor by
investors who desire to appreciation in the
value of their holdings well to enjoy
tinuance of their dividends, is Illinois Central.
which has been of late unusually active and strong
The road is capitalized at only S66000,0O0. of which
SS,G0,OO0 bought several months ago by the
Railroad Securities Company, and is held by that
corporation collateral for bonds issued by il.
Illinois Central has long been known Inter
national stock but more than majarty of the
shares are owned In this country E Fl.
Hartman is a member of its board OF directors.
which includes also Belmont and Astor interests.
For the first ten months of the fiscal year, the
period ending April 30. the net earnings increased
almost exactly 81 600 600 over the net earnings for
the corresponding period of 1900 and II the increase
shall be sustained. which seems entirely likely the
total net earnings for the year ending June 80 will
be S11.6l7OoO Adding the income from other
sources last years figures being used. and deduct
ing the fixed charges. which are virtually un-
changed from 1900. there would remain applicable
10 dividends s7.632. 600 about II per cent. The
present rate of dividend is per cent. In the late
eighties Illinois Central paid per cent and dur
ing the hard times around 1893 II paid less
than 3. The reports often heard OF the leasing OF
the Minneapolis and st. Louis by the Illinois Gen.
tral have recently been revived. II these rumors
which include the Iowa Central with the Mime
apols and St. Louis. shall prove correct. the Illinois
Central system, which now extends westward from
Chicago TO the Missouri River. well south
ward TO the Gulf. would be materially expanded
and strengthened. and would gain entrance of
fits own into Minneapolis and ST. Paul.