New-York tribune., 1901-01-17

Refining Manhattan, 3R; Missouri Pacific. North
Pacific common. Illinois Central. Western
Union, q Tube preferred, Lie, and Brooklyn Rapid
Transit. 31a.
THE STEEL sTOCKS-The steel stocks were
generally under pressure, with heavy selling from
the West. Disappointment was expressed because
the Federal Steel Company did not declare quar-
terly dividends for 1901. Wall Street is long tune
in learning that the company's charter VIII not
permit 1t TO pay quarterly dividends on the COM
mon stock. A large operator in Federal Steel WIN
bought the stock before the dividend. was said 10
have sold. Mr.. Gates and his band OF sateiii'e'
were heavy sellers. The Chicago crowd was bear
ish the whole market 1t is understood that the
Federal Steel Company is considering the prop
ositon of issuing s1OOOOcO of bonds to enlarge and
improve its plants and build structural steel
plant in Chicago.
ST. PAUL-The rapid advance and decline in ST.
Paul stock apparently due to manipulation
1t was reported that the deal with Northern Pa
cifc would go through, and that the olVluehu
rate would be raised to per cent. 1t was also
suggested that the road might follow the example
of the Delaware and Hudson and put the rate at
7 per cent in order to strengthen Its position IN
the event of lease by other Northwestern roads
MISSOURI KANSAS AND TEXAS.-NIissouri,
Kansas and Texas for November shows an increase
in net earnings of SIS 661. making for the five
months of the fiscal year increase of S249,fO
Surplus after charges for five months was S949,SS2
To pay per the preferred stock would
require $3.50 OOO The road ought to show for the
year II or IL per cent on the preferred.
NICKEL PLATE" DIVIDENDS.-A director OF
the New-York Chicago and st. Louis Railroad said
yesterday that the exact rate of dividend to be de-
clared the second preferred stock would not be
determined upon until the Board met to-day This
director remarked however that 212 cent would
be a good guess. The Nickel Plate earned
enough net last year to pay the full per cent on
the first preferred per cent on the second pre-
ferred. and still have something left besides pay
ing for extensive improvements and new equipment
out of current income.
'The Handbook of Railroad Securities compiled
by the publishers of THE Financial Chronicle
was issued yesterday The book contains in small
compass a vast amount of information concerning
the various railroads and number OF the indus
trials whose securities dealt in the leading
Stock Exchanges. 1t shows their earnings. divi-
dends etc. for series OF years their present
fixed charges. and also the amounts Of the differ
issues OF bonds outstanding, their rates Of In
terest etc. Monthly range of stocks and bonds for
1899 and 1900 and yearly range for the last four
years given.
OMAHA REGULAR DIVIDENDS-The directors
of the Chicago st. Paul. Minneapolis and Omaha
have declared the regular annual dividend of per
cent on the common stock and the regular sem-an-
nual dividend of 31a per cent on the preferred.
INDIANA, ILLINOIS AND IOWA FoURS OVER
SUBSCRIBED-The subscription books on the s-
500 900 Indiana, Illinois and Iowa first mortgage
per cent bonds offered by Redmond Kerr & Co. and
Lee Higginson & Co., were opened yesterday
morning at 10 o'clock and closed Immediately. the
issue having been largely oversubscribed
ONTARIO AND WESTERN.-Kuhn. Loeb & Co
announce that the subscription lists for the New
York Ontario and Western Railway Company
per cent sinking fund first lien gold notes were
closed yesterday morning Immediately upon being
opened the subscriptions received being greatly In
excess OF the amount of notes offered.
CENTRAL REALTY BOND AND TRUST COM
PANY-At the annual meeting of the directors OF
the Central Realty Bond and Trust Company yes
terday the following officers were elected: Henry
Morgenthau. president: Hugh J. Grant. vice-pres-
dent: Thorwad Stallknecht second vice-president
w ]. B. Mills treasurer and Ernest Ehrmann
secretary. The Executive Committee for the
year is follows: Frederic P. Olcott, presi-
dent OF the Central Trust Company; James Still
man. president of the National City Bank; Hugh J.
Grant. ex-Mayor Of New-York City; Augustus D.
Juillard: James y. Jarvie. OF Arbuckle Brothers;
Frederick Southack and Henry Morgenthau
COLONIAL TRUST CoMPANY.-At the annual
meeting OF the stockholders OF the Colonial Trust
Company yesterday the following trustees
elected: John E. Borne. Leo C. Dessar. George
W. Quntard, W. Seward Webb. Henry n. Whitney
Daniel ODay and Perry Belmont. At a subsequent
meeting or the Board OF Trustees the following
officers were reelected for the year: John
E. Borne. president; Richard Delaheld, Cord Meyer
and James w. Tappin, vice-presidents; Arpad s.
Grossman treasurer; Edmund L. Judson, secretary
and Philip S. Babcock trustee.
DIVIDENDS DECLARED-The American Tin
Plate Company has declared dividend of per
cent It's common stock. payable quarterly during
1901.
BOWLING GREEN TRUST CoMPANY.-At the
meeting Of the Board OF Directors OF the Bowling
Green Trust Company yesterday to organize and
elect officers for the coming year, the following
were elected: Edwin Gould, president; Samuel
Thomas, first vice-president; William II. Taylor,
second vice-president; John A. Hilton, treasurer.
and William NJ. Laws, secretary
MORTON TRUST COMPANY ELECTTON-At
the stockholders meeting of the Morton Com
pany yesterday. John Jacob Astor Frederic Crom-
we'll. Henry NJ Flagler. Walter s. Johnston Au-
gustus D. Juilliard. Thomas F. Ryan. William c.
Whitney and Jacob H. Schifr were reelected d.
rectors to until 1904. The directors later In
the day reelected the present officers, follows
Levi P. Morton, president; Thomas F. Ryan, vice.
president; James K. Corbiere, second vice. -presi-
dent; H. NJ. Francis. secretary; William Redmond
Cross. treasurer. Eugene F. Varet assistant secre-
tary. and H. B. Berry. trust officer.
The Executive Committee. which consists OF the
following men. also reelected: President Nor
ton, Vice-President Ryan Edward J. Berwind, c.
G. Haven. Joseph c. Hendrix. James N Jarvie
George Foster Peabody Jacob H. Schir and Will
lam c. Whitney. Five shares OF Morton Trust
Company stock were sold yesterday at auction at
6l0, an advance OF 81 points in a week
CONTINENTAL TRUST COMPANY-At the an
nual meeting yesterday OF the stockholders of the
Continental Trust Company the following trustees
whose of office had expired were reelected:
William Jay. Alfred NJ. Hoyt. Rudolph E. F.
Flinsch Robert s. Holt Oliver Hartman 1r
Henry s. Kerr and Joseph Walker. Jr. The election
of officers for the coming will be held next
Wednesday.
BUYERS AND SELLERS.
The principal buyers and sellers in yesterdays
market M C. Bouvier & Co. q 500 and Rob-