New-York tribune., 1901-01-01
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-LOndon prices higher
and arbitrage houses bought about seventy-ive
thousand shares in the local market. Southern
Pacific and Erie issues in good demand for
foreign account.
STOCK LOAN QUOTATIONs.-Loan quotations
were: Atchison common. 2GS Atchison preferred,
Chicago. Burlington and Quincy Missouri Pacific.
New-York Central. Northern Pacific preferred
Reading lst preferred Rock Island. st. Paul. Union
Pacific common Union Pacific preferred. Manhat-
tan. Delaware and Hudson. Louisville and Nash
Vile. Baltimore and Ohio common. and Pacific Mall
4Q41s; Peoples Gas. Sugar. American Tobacco
common. Continental Tobacco common. United
States Leather preferred Brooklyn Rapid Transit
Tennessee Coal and Ironr- Southern Railway pre-
ferred, Federal Steel common Amalgamated Cop
per. and American Steel AMI Wire common, AZ
Northwestern. Northern Pacific common, Erie
common and Erie I'd preferred. a; Western Union.
S1aQ4; Illinois Central and Erie 1st preferred, 81
International Paper preferred. fiat.
THE COAL STOCKS-The anthracite coal shares
were strong features with indications of manp-
ulation in Reading and Erie issues Delaware
and Hudson made another sharp advance on talk
of an increased dividend. and Ontario and Western
was in good demand. Morgan interests sup
posed to have bought the Eries. The soft coal
shares were bought reports of a deal involving
the bitumnous companies.
IMPORTANT BUYING.-Morgan, Standard Oil
and Vanderbilt brokers active buyers yester-
day of the shares with which the leading banking
and railroad interests of the country connected.
Western buying of the granger shares noted
and further quiet accumulation of Southern Pacific
took place. Boston bought Sugar. Keene brokers
took Pennsylvania, New-YOrk Central and st. Paul.
Burlington and other standard shares were taken
for investment account.
SOUTHERN PACIFIC.-Southern Pacific stock
moves within small range on heavy transactions.
IL is generally believed that the stock is being he'd
in hand to enable insiders accumulate heavier
lines. Something Of importance is evidently going
on in this stock, but simply its merits it is
titled TO an advance.
ERIE'S PLAN.-The Erie company is planning 20
take over the Pennsylvania Coal Company by the
issuance of new collateral trust bond. secured by
the Pennsylvania Ccal Company stock and other
collateral. The amount of the issue is roughly
stated at ss5 Go.ooo The bonds to be under
written by the Morgan syndicate. The bonds may
be issued TO the public in whole in part although
supposed syndicate members intimated that
they may all be taken privately.
RECORDS BROKEN.-High record prices for
many stocks made in yesterdays market.
The more important Atchison preferred. s97s;
Denver and Rio Grande preferred. STA; Pennsyl-
vania 1872 81. Paul. 1854 Chesapeake and Ohio.
422. Pig Four. 76 Northern Pacific. S6ls Reading
first preferred 717s the second preferred, 1915;
Union Pacific common. SIS; the preferred. s59s
SUGAR AND COFFEE TRADE--The belief is
growing in the sugar trade that the warfare be-
tween the American Sugar Refining Company ana
the Arbuckles has been will be settled. and
that by this agreement both the sugar and coffee
trades VIII BE materially benefited IL IS said tnat
there is distinct evidence that better understand
ing exists In the coffee trade, and the improve
ment OF about a quarter of a pound in the
price OF green coffee Saturday due largely.
to that belief.
OVERWHELMED BY SUBSCRIPTIONS.-At the
Office of Speyer & Co. II stated yesterday that
the subscriptions the Southern Pacific Az per
cent gold bonds coming in rapidly that II
expected that the loan would be considerably
oversubscribed.
NATIONAL sTEEL-An officer OF the National
Steel Company says that the company does not
contemplate making a general reduction In wages
the coming year. With regard 10 the cut reported
from Sharon. II Is referred n local readjust-
ment.
GREEN BAY AND WESTERN.-Green Bay and
Western has declared annual dividend of per
cent its debenture A bonds. and dividend of
per cent its stock. against preceding dividends
OF 2ls per each. The dividends payable
February l.
SIX COMPANIES ANNOUNCE DIVIDENDS
The following companies will pay dividends on a
number OF securities list OF which for each COM
pany will be found in another column: The New
York Security and T:ust Company, the Farmers
Loan and Trust Company. N w. Harris & Co. the
KnickerbOcker Trust Company. Winslow. Lanier &
Co and FarsOn. Leach & co.
nephew OF John Crosby Brown who has hereto
fore signed per procuration. has been admitted a
partner I'm the firm of Brown Brothers & Co. in
the United States and in England.