New-York tribune., 1901-03-16
WALL STREET AND EXCHANGES

er and foreign houses bought 10000 shares on bal
ance In the local market. There good demand
the Erie issues. Chicago. Great Western and South
ern Railway. Sales were made in Chesapeake and
Ohio Southern Pacific and Baltimore and Ohio
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common, New-York Central, North
western, Manhattan and Louisville and Nashville
2: Atchison preferred, Chicago, burlington and
Quincy Peoples Gas. Northern Pacific common and
preferred. Reading first preferred Rock Island. ST.
Paul Sugar. Union Pacific common and preferred
American Tobacco common. Continental Tobacco
common. United States Leather preferred Brook
lyn Rapid Transit. Tennessee Coal and Iron, South
crn Railway preferred. Southern Pacific. Federal
Steel common and American Steel and Wire COM
1aon 2G2s: Third Avenue, Federal Steel preferred
and American Steel and Wire preferred fiat; Cen
eral Electric Delaware and Hudson and Smelling
common. IL; Missouri Pacific and Western Union,
!; Baltimore and Ohio common 1l2Q2; Smelling
preferred fiat.
ERIE ISSUES.-The prospects OF no labor trouble
at the anthracite coal mines. and the belief that
Erie first preferred Will soon be placed upon divi-
dend basis Of per cent, responsible for the
activity in Erie issues Morgan brokers bought
and commission houses were active in the common
and second preferred. The physical condition of
the Erie Railroad is improving under large expendi-
lures on the property. Earnings are expanding
Wasserman Brothers bought 5000 shares of Erie
first preferred.
NORTHERN PACIFIC.-Northern Pacific ad-
vanced under heavy buying orders. Reports were
heard OF important discoveries Of copper and oil on
land belonging to the road. Some buyers took the
stock the theory that 1t ought to sell as high
Union Pacific sells. Commission houses were buy
ers and It said that pool had been formed to
work in the stock. The companys earnings for the
week in March show increase OF 81. 753 over
the time in 1900
GRANGER SHARES.-Burlington the feat
Of the granger shares and OF the railroad list
in general. a Burlington-Uniou Pacifc-GreaI
Northern deal was again talked Of, and the stock
In good demand from commission houses. Dis
appointment because Rock Island raised
TO 6 per cent basis kept the price down, while
st. Paul heavy. Rock Island has able and
conservative management. and the property is
makng double the per cent dividends. At i25 the
Stureis x Co We're heavy buyers of Burlington
MEXICAN CENTRAL BONDS.-Enormous deal
inss IN Mexican Central income bonds Were con-
spicuous features in the bond list. 1t is thought
that payment will be made the first incomes
ms 1ais year H. me point Is made that the present
stock IS selling several points higher. The second
latter is worth % the second incomes are worth at
least 20 The advance in the stock may be due
buying for control
WABASH ISSUES.-Enormous dealings took
place in Wabash debenturo bonds, while strength
and activity marked the course of all the Wabash
issues. 1t reported that the debenture A
bonds would be retired at par and that the Rs
would be funded into a per cent second mortgage
BOND. II was also reported that the road had ar
ranged for an entrance to Pittsburg.
STRIKING ADVANCES.-Net advances of . per
cent or over We're made by American Tobacco. 2as
Ann Arbor preferred, 2; Brooklyn Union Gas, %. :
Burlington. 2l2; Chicago and Eastern Illinois. 81; ;
Chicago Terminal preferred. SA; Hooking Coal and
Iron 21, Continental Tobacco preferred. ?: Duluth
South Shore and Atlantic preferred 219: Illinois
Central, S2s: Mexican Central, 21s; New-York Chi
cago and ST Lolis second preferred; 2h; Pacific
Coast, 27s; Pressed Steel Car. pa; Pressed Steel
Car preferred 2$s and St Joseph and Grand Island
second preferred.
GREAT NORTHERN sTOCK-The Great North
mn will iScira nirN -1aX
its stock.
AMERICAN SMELLING DIVIDEND. - The
pending litigation against the American Smelling
and Refining Company will not ii is said interfere
with the next dividend on the preferred stock The
month to take action the dividend.
| INTERNATIONAL POWER COMPANY The
International Power Company has declared a divi-
dend on its preferred stock of per cent for the
year ended December 81, $780, and also a dividend
of IL per cent for the quarter ended March 81 1901
both payable on May Is. This decara ation was not
unlocked for by the stockholders of the company
inasmuch as the works of the company are practi-
caly hlled TO their entire capacity with
for the year 1901. The sales from the locomotive
department dep art zen % OF the company aggregate nearly
| stated that the earnings of the company at the
present time are about per cent on the capital
DIVIDEND DECLARED.-The Chicago Rock
| Island and Pacific Railway Company has declared
a dividend of 81 25 a share. payable on May l.
| LAWYERS TITLE INSURANCE COMPANY
At meeting of the board of directors of the Law
! yers' Title Insurance Company OF New-York held
/ yesterday, the following unanimously elected
| members of the board: James Stillman president
! of the National City Bank; James H. Hyde, first
yice-president of the Equitable Life. Assurance
Society," Thomas ID. Jordan. controller of rhe
| Equitable Life Assurance Society and Henry Nor
genthau president of the Central Realty. Bond and
| Trust Company.
NOTICE To HOLDERS.-The reorganization
| committee OF the Ohio Southern Railroad Company
| first mortgage per cent gold bonds. William A.