New-York tribune., 1901-05-01
WALL STREET AND EXCHANGES.

can securities strong and foreign houses were
active buyers in the local market Heavy orders
for United States Steel stocks executed by
several of the leading arbitrage houses. 1t
ttmated that more than 100000 shares were bought
for European account.
TOLEDO ST. LOUIS AND WESTERN-An off,
Ger of the Toledo, st. Louis and Western who has
just returned from trip over the road said yes
terday that the outlook for a large wheat crop in
the territory adjacent the line was better than
1t had been for fifteen years EARNINGS of this COM
pany have shown extraordinary increases in the
last few months, and the securities of the COM
pany have in consequence been bought by care
full set Of operators. In yesterdays market the
common stock advanced ! per cent. while the pre-
ferred made new high record price a gain
of nearly per cent for the day. 1t is generally
understood that these shares are being absorbed
by friends of the property.
CHARACTER OF TRADING-The Vanderbilt
shares were in good demand from prominent COM
mission houses. Moore & Schley, II. NJ Hume &
Co. and ]. w. Davis active buyers of New
York Central and the Nickel Plate issues 1t
was reported that brokers representing W. X
Vanderbilt were active in the market Local specu-
lators were heavy sellers in the last hour Chicago
interests again sellers of stocks in which ex-
Cesstve advances have recently taken place. H.
Content Co. were heavy buyers of Pennsylvania
Brokers in Union Pacific who well informed
regarding the property asserted that control of
the company had been acquired by W. X. Van
by Wassermaun Brothers and Clark Dodge & Co
Chicago houses bought Atchison and New-YOrk
Central Talbot J. Taylor & Co. bought upward Of
100 900 shares of United States Steel issues. The
strength in hard coal shares was due TO the ex-
pectation OF advance in the price of anthracite
of 10 cents a month in the summer.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common. Northern Pacific common,
Delaware and Hudson. Western Union, 3; Atchison
preferred General Electric Missouri Pacific. New
Vile and Nashville. 3l1; Chicago. Burlington and
quincy, Northern Pacific preferred Reading first
preferred St Paul. Sugar. Union Pacific common
and preferred. American Tobacco common, Cont
mental Tobacco common and preferred, United
States Leather preferred. Brooklyn Rapid Transit,
Tennessee Coal and Iron. Southern Railway pre-
ferred. 3i.0i; Peoples Gas, t. Rock Island and
Baltimore and Ohio common fat
LINSEED REORGANIZA1 ION-Regardng the
rumors OF a pending REORGANIZATION of the Ameri-
can Linseed Company. Guy V Major, president Of
the company. says: 1T Will be recalled that in
February raised funds for working capital by
floating. with the aid of Blair & Co. 100000
issue of five year per cent bonds, all of which
must be paid off before pay a cent of dividends.
If the stockholders decide. by assessing them
selves TO pay off this debt, so TO leave the way
open for dividends, doubt some plan will so
through Prominent stockholders have discussed
several plans which have to my notice, but
there has been no formal meeting on the subject
and nothing has. 1 believe, been decided on yet"
NEW EXCHANGE MEMBERS.-At a special
meeting OF the governors of the Stock Exchange on
Monday afternoon II. Eugene Eckstein, Monson
Norris William z. QuentiI. Samuel G.. Wood and
Robert c. Nicholas of New-York. and William ].
Woods of Chicago. were elected to membership.
EXCHANGE SEATS.-It is officially stated that
the last and highest price paid for a Stock EN-
change membership is $4,000. Two memberships
the Consolidated Exchange sold Yesterday Tor
81 600 each They have sold for more than 100 In
recent years. The last trade in Produce EXchange
memberships m yesterday was at $500 The latest
quotations on Produce Exchange seats were 800
bid. $500 asked.
SILVER EXPORTS.-The steamship Teutonic
sailing for Europe to-day. will take out 1872. 900
ounces of silver shipped by the United Metals Sell
ing Company.
TO PAY DIVIDENDS.-Farson,L Leach & Co,
Winslow. Laner Il Co, the New-York Security
and Trust Company, the Knckerbocker Trust Com
pany. the Farmers Loan and Trust Company and
n W. Harris & Co will pay dividends a num-
ber of securities. lists of which will be found in
another column.
ADMITTED AS \ PARTNER.-Winthrop f.
Scarrtt has been admitted partner IN the firm
of F.. r. Chapman & Co.