New-York tribune., 1901-03-09
WALL STREET AND EXCHANGES

FOREIGN TRADING-London prices We're lower
and arbitrage houses sold about 25co snares IN
the local market. New-York interests SOFA IN 'he
foreign market.
were. Atc+,son common New-York Central North
ern Pacific common. Manhattan and Loulsviie ana
Nashville 2; Atchison preferred. Chlcaso, buiiihs
ton and Quincy, Peoples Cas- Norlh"es'eit'
Northern Pacific preferred. Reading first preferred
Rock Island st. Paul. Sugar, Union Paclhc COM
mon and preferred American Tobacco common
Continental Tobacco common. Southern racine,
United States Leather preferred Brooklyn RAPID
Transit Southern Railway preferred. Amalgamated
Conner Federal Steel common and American steel
and Wire common, 2d21a; Third Avenue, Federal
Steel preferred. American Steel and Wire preferred
and Smelling preferred fiat; General Electric and
Smelling common. IL; Missouri Pacific. Delaware
and Hudson, Western Union and Baltimore and
Ohio common, l: Tennessee Coal and IrOn 112q2
CHESAPEAKE AND OHIO.-Chesapeake and
Ohio was bought yesterday report that the stock
would be placed upon per cent basis. From
January l TO March l the company's coal traf-
fc has increased II per cent over the same
time year ago January earnings increased
27 per cent and the ratio OF operating expenses to
gross earnings decreased per cent. February
gross earnings increased S207,233
RAILROAD CONSTRUCTION.-Nearly LOO new
railroads building or proposed in the United States
Canada and Mexico are described in 1.-The Railroad
Gazette" to be issued this week. Work is in prog
ress AGO of these projects. About LOO rail-
road and other bridges are TO be built. for which
contracts so far known, are yet TO be let Rail
road building last year reached 4,sSf miles, the
largest since 1880.
LOUISVILLE AND NASHVILLE.-It is under
stood that interests identified with the Louisville
and Nashville Railroad Company have conhden-
TALLY stated that the company on the basis OF
present earnings will be able to show 10 per cent
earned on the stock the current fiscal year with
ease without deriving any income from the Nash
ville Chattanooga and St. Louis line The gross
earnings of the entire system for the year ending
June 30 next will. IT is said, be in excess Of &7-
oON0OO II Is also understood that the company
has under consideration plans for an important
northward extension of its lines
ST LOUIS AND SAN FRANCISCO REFUND
ING-It Is reported that St. Louis and San Fran
cisco shares are being accumulated by insiders
Boston people interested in the Kansas City, Fort
Scott anu Memphis properties who lately sold out
their interest IN those properties to the Selgnan-
Standard Oil syndicate also buyers IL IS be
Heved that comprehensive refunding bond syndi-
cate is now being considered by the ST. Louis and
San Francisco Railroad Company.
SUGAR STOCK SCARCE-One OF the large
traders in Sugar stocks SAYS II has been calcu-
lated by a number Of houses. after comparing
notes that fewer than 5000 shares OF Sugar
stock are ahoat available for trading purposes.
The sharp advance IN the stock yesterday was said
10 be a move against a Boston operator heavily
short
AMALGANIATED COPPER.-Amalgamated Cop
Ter broke sharply after early advance on tne
news Of the veto by the Governor OF Montana OF a
bin in the interests Of the Amalgamated company.
BANK CLEARINGS - Bank exchanges for
March. as compiled by "Dun's Review" are S2s5,-
1850 gain OF 49, per over last year and 25s
per cent over 1899 The increase IS very large here
where important financial settlements are now
under way. though nearly all cities report a gain
over last year and the active year 1899
LOCAL. STOCKS.-ConsoNdated Gas was bought
by H. L. Horton & Co IN large amounts. and II
was said that important developments were pend
ing All the local stocks were strong. Brooklyn
Rapid Transit was bought by prominent interests
Manhattan taken by Keene brokers, and
METROPOLITAN moved up IN sympathy.
INTERNATIONAL PUMP.-International Pump
securities N demand from a good class OK ouy-
ers The company controls the steam pump manu-
featuring business IN this country and earnings
are largely n excess OF preferred stock dividends
After the close OF the companys fiscal year IT is
likely that a dividend will be paid on the common
shares.
KINGSTON AND PEAIBRoKE-A dividend at
the rate OF per cent year has been declared on
the first preferred stock Of the Kingston and Penn
broke Railway Company for the last six months OF
1900 PAYABLE on or after April @
FL ECTED TO THE COTTON EXCHANGE
Charles Hayden, Of Boston. and William Good
man. OF F. J. Lisman & Co. this city, have been
elected members OF the New-York Cotton Ex-
change.