New-York tribune., 1901-02-21

mon. 2; Third Avenue. Federal Steel preferred
American Steel and Wire preferred and Smelling
preferred. fat: Delaware & Hudson. Western
Union. Illinois Central and Smelling common l.
Louisville and Nashville 1iz92. and Baltimore anu
Ohio common. fatQ1-25s.
CHARACTER OF TRADING-Traders again
worked for lower prices. and Mr. keene was
thought 10 have sold large lines OF holdings. Chi
cago houses sold the granger shares. ana SIahoaru
oil brokers were active the selling side con-
solda:ed Exchange interests sold the Pacific shares
and commission houses the granger stocks for
small holders. Liquidation in Delaware ana HUG
represented realizing and short sales invest
ment buying was noted IN the trunk line stocks
General Electric was bid upon reports OF scrip
dividend Boston houses bought Sugar Refining A
striking feature the heavy selling by strong
Sturgis & Co. Hollister & Babcock and Post &
Flagg. II was reported that interests identined
with the Moore properties were heavy sellers
Halstead & Hodges were active sellers Of Atehison-
Traders bought the traction issues in the last hour
and sold the steel stocks.
UNION PACIFIC-ROCK ISLAND.-Union Pa
cihc and Rock Island stocks were sold on reports
of possible trouble between the two companies
over the railroad situation in the Southwest
Traders sold Union Pacific the idea that in
siders could protect the stock against hquida-
ton by public spectators. Perhaps the bear ele-
ment does not take into consideration the posst-
bility that the public will not care TO sell Union
Pacific. Union Pacific is a good stock TO hold
despite passing reactions Standard Oil brokers'
sold Rock Island. but the chances are that they
operated for spectators who were working for
lower prices and not for actual Standard Oil in
terests.
WINTER WHEAT CONDITIONS.-Winter wheat
conditions are reported better than at any corre-
spending time on record. the recent seasonable
winter weather having exerted most favorable IN
fuence upon the crop. The OF winter wheat
sown In Kansas is 4567 SO acres, increase or Z
per cent over last years sowing. The average con-
dition for the entire IS 100 per cent Reports
also indicate that OF the harvested In " tnere
will be unusually large reserve held oy tne
farmers. Prospects for a phenomenal crop this
year 10 hurry up the shipment or Wneat now
held in elevators and granaries.
UNION PACIFIC'S NEW STOCK-A special
meeting OF the stockholders OF the mon Facll5S 90
Railroad Company has been called Tor March %
at Salt Lake city. Utah, take such action as Is
he increased by 500 OC0ooO in connection with the
proposed issue Of H0o000Ooo per cent pohds ah9 f
the directors in the premises -
PENNSYLVANIA TRUST CERTIFlCsAI Cs II155- E3..
neb = o fo2 the Pennsyvania Company guar
anteed 3Is per cent trust certificates were opened
issue having been largely oversubscribed.
FORT SCOTT AND BIRMINGHAM ROADS
Boston reports that large WeSseEh III, IarO4D d MN
phs and Kansas City. Memphis and Birmtng ham
Francisco is the prospective purchaser These
roads would make valuable acquisition for 'ne
DIVIDEND DECLARED.-The National Biscuit
Company has declared its quarterly dividend OF ia
per cent preferred stock. payable on Feb
Is
OFFER TO INVESTORS.-Charles Mtnzesheimer
& Co. offer investors limited amount OF MIS-
souri, Pacific Railway Company Central Branch
guaranteed first mortgage gold IS on basis to
pay per cent on the investment.
GENERAL. ELECTRIC RCMORS.-Yesterday' 5
movement IN General Electric shares-they scored
a net advance Of ~ pOints-was accompanied by
an unusual crop of rumors. the most persistent OF
which was that a stock dividend might be declared
at to-day's meeting of the directors on this and all
other matters pertaining 20 the company the local
fi-tais had nothing say. No stock in the list
has made greater gains recently than that OF the
General Electric Company.
COTTON EXCHANGE BY-LAwS.-Members OF
the New-York Cotton Exchange voted yesterday 20
amend the bylaws OF the Exchange relating 70
commissions. The matter had been agtated for
some time. and the amendment was adopted by an
almost unanimous vote.
SENT TO CUBA--Lawrence Turnure & co. yes
terday shipped Cuba by the steamship Yucatan
Standardization gold 10 the amount OF $4,000.