New-York tribune., 1901-03-02
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-In the early trading Lon
don was a seller of stocks, but later II became
purchaser principally of Norfolk and western the
Erie issues and the coal stocks. Sales exceeded
purchases by about 5000 shares
STOCK I.OANS-Stock loan quotations were:
Atchison common Northern Pacific common Man
haitian Louisville and Nashville 1a: Atchison pre-
ferred Chicago Burlington and Quincy, Peoples
Gas New-York Central Northwestern, Northern
Pacific preferred, Reading first preferred Rock ISL
and Sugar, Union Pacific common and preferred
American Tobacco common. Continental Ionacco
common. United States Leather preferred, Brooklyn
Rapid Transit, Tennessee Coal and Iron. southern
Railway preferred. Southern Pacific. Federal Steel
common, American Steel and Wire common =
Third Avenue. Baltimore and Ohio common fed-
eraI Steel preferred American Steel and Wire pre-
ferred fiat; Missouri Pacific, Western Union, hat9
l: ST. Paul 1l.u2; Delaware and Hudson omeitlhS
common /: Smelling preferred, 1-l2S
EXCHANGE.-Foreign exchange grew weak ana
dull after the demand for remittance by to-day
had been sa tistied. The inquiry TOT DiiiS
to go by next weeks steamers was light. 1here
was repOrted to be some investment buying of lonS
sterling with sales of futures against the pur-
chases at rates netting about 3l2 per cent on the
money invested.
IN DEMAND-A feature of the loan department
of the Stock Exchange is the large borrowing de-
mand for Atchison common.
OVERSOLD.-Tennessee Coal and Iron advanced
on purchases cover shorts. This stock was
largely oversOld. There were developments in
the affairs of the company. me diScohtIHuauCe OF
its monthly reports will make it another ''mys-
terry
NEW STEEL STOCKS-The outside brokers are
disturbed because the Stock Exchange houses have
uonOpollzed the trading on ;he curb In the ne"
Steel issues 1t is thought that soon as the
plan for the combination OF the steel companies
is declared effective the United States Steel stocks
will be admitted dealings in the unlisted depart
ment OF the Stock Exchange
NO QUORUM-The meeting of the stockholders
fsal lR1 q
vote on reduction OF the capital stock. was ad-
iourned until March p. because a quorum was not
present
DIVIDENDs-Dvidends OF ia per cent on the
preferred and per the common stock nave
been declared by the Rubber Goods Manufacturing
Company.
NO CHANGING change was made in the Board
Of Directors OF the New-York and New-Jersey Tele-
phone Company and only routine business was
transacted at the annual meeting yesterday
NATIONAL. SALT COMPANY.-In response 10
a request from the New-York Stock Exchange, the
National Salt Company has published a supple
mental statement in reference to the certificates
Of the American Trust Company issued IN cohnee-
ton with the purchase of the United SaIt company
% Ohio The National Salt Company in its supple
mental statement TO the Stock Exchange admits
the integrity Of those certificates which had neeh
aIed IN question by officials of the company ana
EXPLAINS that they issued. together win Ger
tincates OF Indebtedness OF the National Salt Com
pany. TO guarantee III" pay Sl''I''' va N'' ~
s,ock of the company. which had been given In eN-
change for the stock of the United Salt Company
MOBILE AND ONO SECU rifles. T. Nor
gan & Co referring to the announcement of sam
mel spencer president OF the Southern ttali"ay
Company that holders OF over 20 per cent OF 'te
boods and OF over 20 per of the stock OF the
Mobile and Ohio Railroad Company nave con
scented 10 the exchange of their securities ana de
posited the same thereby making the proposed plan
lucrative inform holders who have not yet depoS-
tied their securities that they Will continue up 10
and including March -. TO receive deposits.