New-York tribune., 1901-02-27
WALL STREET AND EXCHANGES.

FOREIGN TRADINCf.-London not active In
the local market. Arbitrage houses dealt in about
$4,000 shares, selling balance 200 shares.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common, Northern Pacific common.
St Paul and Louisville and Nashville, ~: Atchison
preferred, Chicago Burlington and Quincy. Peo-
pies Gas, General Electric, New-York Central.
Northwestern, Northern Pacific preferred. Reading
first preferred Rock Island. Sugar, Union Pacific
common and preferred. American Tobacco COM
mon, Continental Tobacco common. United States
Leather preferred. Brooklyn Rapid Transit, Ten
nessee Coal and Iron, Southern Railway preferred,
Southern Pacific Federal Steel common and Amer
lean Steel and Wire common, . Third Avenue. Bal
timore and Ohio common. Federal Steel preferred
and American Steel and Wire preferred, fiat; Mis-
souri, Pacific, 1a1lA; Delaware and Hudson and
Western Union. l. Smelling common, 1sQ1-16: Smelt-
ing preferred. 1-S2; Manhattan. IL per cent
THE GRANGER SaARES.-St. Paul was bought
yesterday partly the expectation of an increase
in the dividend rate In March. The company $
earnings increased for the third week in February
s5l 600 and It generally believed that a per
cent dividend rate would be declared. Burlington
was again bought on the theory that the road will
figure in a Northwestern Railway deal Western
houses had buying orders in Burlington and Rock
Island. A report gained currency that St. Paul
stockholders were willing TO listen 70 offers for
their stock from Great Northern interests rather
than see Burlington the position cut out for
ST. Paul by Mr.. Hill and his associates
HOOKING VALLEY.-Net earnings of the Hook
ing Valley for January show an increase of S9.l5i
over the same period year ago and total net in
come increase OF SO ~ After all charges sur
plus amounts to ssS276. making for the seven
months OF the year a surplus OF ss57.7ss, an in
crease Of sol 437 The company's interest charges
for the whole year are about ss56.Oo0. and on the
basis Of seven months earnings without increases
in the rest of the year the surplus will be heavy
for the whole fiscal year To pay per the
preferred stock requires only 100000 The COM
pany paid 3la per in 1890 The preferred is en-
titled TO per cent. but after per cent has been
paid on both the common and preferred for any
fiscal year further dividends for such year shall be
for the equal benefit o, both stocks.
UNITED STATES LEATHER REPORT-The
annual report OF the United states Leather Com
pany will be issued to-day at the stockholders
annual meeting. II was rumored yesterday that
the showing would not compare favorably with
last wears statement Current business. however
is said 20 be heavy profitable. In the first half
of the year the price OF hides was high, and IN con-
sequence profits were light.
ATCHIsON-Atchison's gross earnings for Jauu-
airy increased s655S and net earnings S265s13 For
the seven months OF the year net earnings after
taxes and rentals were S1l.5s7.s32. increase Of
81 $50 215.
CURB PRICES FOR STEEL sHAREs.-The
shares OF the steel company were dealt in
(when issued on the curb yesterday. The frs:
sale OF the common was IS, with subsequent
sales at 20 and the closing 3si2. The preferred
sold at s3t. closing S2. Subscription rights ad-
vanced from 1O51a Ill sales OF $4,000.
INTERNATIONAL PAPER.-The directors of
International Paper will to-day declare the
regular quarterly dividend OF ll2 per cent on the
preferred stock which has been recommended by
the executive board.
MOBILE AND OHIO PLAN.-It is officially
that the plan of interchange of the collat
eraI trust gold bonds Of the Southern Railway Com
pany for the general mortgage bonds OF the Mobile
and Ohio Railroad Company is operative, ma
jorty of the bonds having been deposited with j.
p Morgan & Co.
OFFER To INVESTORS.-Joseph Walker & Sons
offer 10 investors high grade guaranteed stocks
which are exempt from taxation.