New-York tribune., 1901-01-18
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London not active
factor in the local market. Arbitrage houses dealt
in about $4,000 shares. mostly sales.
STOCK LOAN QUOTATIONS-Loan quotations
were: Atchison common. Missouri Pacific, North
Pacific common Delaware and Hudson, West
ern Union and Illinois Central, 2; Atchison pre-
ferred Chicago, Burlington and Quincy, Northern
Pacific preferred. Reading first preferred, Rock Isl
and Union Pacific common, Union Pacific preferred,
United States Leather preferred and Southern
Railway preferred, 3q3l2; Peoples Gas, General
Electric, Sugar American Tobacco common Con-
tinental Tobacco common, Brooklyn Rapid Transit
Tennessee Coal and Iron, Pacific Mail. Federal
Steel common American Steel and Wire common
and Amagamated Copper, 3la; Third Avenue, hat'
New-York Central Northwestern, ST. Paul Man
haitian, Louisville and Nashville, Baltimore and
Ohio common, Erie common and first and second
preferred 8: Tube preferred. 1-16.
ST. PAULINE. Hills reported announcement
that he owned ST Paul stock had no important
effect upon prices St. Paul is recognized good
investment proposition, matter who owns the
stock, and its price is likely to suffer much
from current Street reports. The company's earn
ings for the second week in January were heavier
than in any corresponding week record, and
showed increase over the same week last year
OF $751;
ERIE STOCKS-Erie stocks declined the
failure of the directors to meet and reports
that no dividend would be declared the first
preferred stock 1t is said in we'll informed quar-
ters that the stock named will be placed on per
cent basis this year, but that the first payment
may not be made as soon as Wall Street expects.
FEDERAL STEEL.-FederaI Steel was heavily
sold at the opening, but the buying appeared to be
good. There is big bear party work in Fed
eral Steel and commission house traders timid
about buying the stock. With the increase of the
short interest, however, the stock is going into
strong hands and sharp rally may not be far off
1t may not be well to be short of the steel stocks.
ii is believed In well posted circles that develop
ments of Importance pending.
ST. LOUIS AND SAN FRANCISCO.-Interests
close to the management of the St Louis and san
Francisco say that the advance in the common
stock and rumors about the company are purely
speculative. There is no intention at present OF
retiring the first preferred stock or OF paying a
dividend the common.
INTERNATIONAL STEAM PUMP.-The Inter
national Steam Pump Company has declared the
regular quarterly dividend of 11a per cent on the
preferred stock. Directors OF the company are
satisfied with the progress that has been made in
sales and earnings in the last nine months, and
they confident that the statement for the year
ending in April will make handsome showing.
CENTRAL TRUST COMPANY.-At a meeting of
the stockholders of the Central Trust Company of
New-York yesterday the old Board of Trustees
reelected and James Speyer, of Speyer & Co,
and William 4. Read. OF VermiIye & CO.. were
added to the list. The present officers were re-
elected
COTTON EXCHANGE MEMBERSHIP LINZ
ITED.-The members of the Cotton Exchange have
voted to limit the number of memberships to $50
favor Of the measure 161 TO 26. Memberships
of late have been valued at about $500. The pres
ent membership Is in the neighborhood of 435.
JERSEY CENTRAI.-The right given to Jersey
Central stockholders 10 in half their stock at
100 Is only to stockholders OF record the date OF
issue of the circular January u.
SOUTHERN PACIFTC.-It Is said that insiders
have been heavy buyers OF Southern Pacific In the
last few weeks. The stock firm yesterday. and
talk OF dividend this spring heard.
NATIONAL STEEI4-The annual meeting of the
National Steel Company will held until
March. and IT is not likely that the question of a
dividend on the common stock will be considered
before that time.
THE sANONY IOAN.-Zimmermann & Forshay
will receive subscriptions for the new 3 per cent
SaNopy Germany Government loan OF 100000
rechsmarks (sbout $40 600 OOO the subscription
price of SS5s The subscription books at their office
will close Saturday noon
TRUST COMPANY OF AMERICA.-At a meet
ing OF the stockholders Of the Trust Company of
America Yesterday the following named directors
were reelected: Edward C. Schaefer. Samuel 4.
Maxwell. Frank Jay Gould. Philip Lehman Charlie.
!. Hudson. William A. Clark and Willard Brown
John W. Griggs. Attorney General of the United
states was elected a director to nil a vacancy.
ADMITTED 70 PARTNERSHIP-Ernes J. II
Amy has been admitted to partnership in the
banking hrm OF II. Amy & Co