New-York tribune., 1901-01-24

Reading first preferred. Rock Island, St. Paul,
Southern Railway preferred, Louisville and Nash
VILE. Baltimore and Ohio common. Federal Steel
common, American Steel and Wire common Erie
common and second preferred, 215; Peoples Gas
General Electric, Sugar Union Pacific common and
preferred American Tobacco common, Continental
Tobacco common. United States Leather preferred
Brooklyn Rapid Transit. Tennessee Coal and Iron
Amalgamated Copper. 212Q3; Third Avenue. nat;
Missouri Pacific, l. Northern Pacific common, l4z;
Erie first preferred 2Q212.
AFTERNOON DECLINE.-A great part OF the
decline in the afternoon was due to the selling Dy
Ulman Brothers, who evidently received an order 10
sell 10000 shares Of prominent stocks the largest OF
which was 5000 Baltimore and Ohio and which IN
cluded five 5000 share lots. Close observers con-
nected this selling order in each instance as CORE
spending with the buying of the last few days of a
well known room trader. The natural inference
that the trader referred to had suddenly
thrown over his long stocks
GOLD EXPORTS.-The steamship LAquitalne
sailing for Europe to-day. will take out about
s4O5OOO0 gold, shipped by the following houses:
Iazard Freres 4O6 600; Heidelbach. Ickelheimer &
Co.. 81 100000; Goldman. Sachs & Co.. sS24Vo' ana
the National City Bank. $4,000.
COAL STOCKS.-Morgan interests were said 10
have bought the Erie and Reading issues Ontario
and Western was apparently bought for pool &C
count. 1t is generally believed that Ontario and
Western will sell much higher in the course OF the
next months. owing to it's increasing intrinsic
worth and the strong position OF the company as
the only independent coal road.
STEEL SHARES.-Talk of a settlement Of the
steel trade situation a satisfactory basis led TO
strength and activity in the Steel stocks. Buying
for the Gates following in American Steel and Wire
active. 1t reported that 100000 shares or
the stock had been secured by interests opposed to
Mr.. Gates
COMPRESSED AIR COMPANY OF OHIO.-At a
meeting held in this city of the directors Of the
Compressed Air Company of Ohio. subsidiary
company of the Compressed Air Company Of New
VnrIr tha fOIIo iDcy We Nj. h
Ingalls, president; j. D. Ellison. vice. president;
Samuel Mcclure, treasurer, and w. D. Brtckei
secretary. Among the directors of this company
are Perry S. Heath, Myron T. Herrick and John H.
Mclean. 1t is expected that the streetcar lines OF
Cincinnati will adopt the compressed air system
SOUTHERN PACIFIC.-Southern Pacific was
well bought and reports were again put out regard
ing a readjustment Of the stock 1t was said that
Mr. Keene had taken charge of the bull speculation
in this issue
ST. PAJL.-St Paul stock advanced to 152a on
buying induced by the reports that the Northwest
ern Railway deal again and that st. Paul
would receive per cent dividends.
BIG FOUR DIVIDEND.-The directors of the
Cleveland. Cincinnati, Chicago and st. Louis de-
clared semi-annua dividend OF IL per cent on the
common stock yesterday. This is the same rate as
declared six Months
TEXAS AND PACIFIC.-Texas and Pacific con-
tinues to show increases in gross earnings. For
the second week in January the increase was over
$1,000 The directors meet in March to pay per
cent on the incomes A majority Of these securt-
ties are owned by Missouri Pacific.
DIVIDEND DECLARED.-The directors Of the
Phenix Insurance Company of Brooklyn have
declared a semi annual dividend OF per cent pay
able demand.
SUCCESS OF THE sAXONY LOAN.-Cable ad-
vices to Knauth. Nachod & Kuhne say that the sub
ecriptlons to the 4o0O00oO mark per cent Govern
ment annuity bonds OF Saxony closed at noon yes
terday. European time. 1t IS said the loan has
been several times oversubscribed. Subscriptions
We're received in this country.
DISTHLING BOND ISSUE OPERATIVE.-The
subscriptions for the $4,000 per cent ten year
collateral trust gold bonds OF the Dstilling Com
pany OF America closed yesterday. 1t IS announced
that the bond issue plan will become operative.
ITS MOST PROSPEROUS YEAR-At the twen-
tieth annual meeting OF the Mutual Reserve Fund
Life Association. held yesterday in the Mutual Re
serve Building, the former Board OF Directors and
officers was unanimously reelected. The assocla-
ended the prosperous year IN its history,
and the statement presented TO the policy holders
yesterday showed decided increase in assets, in
come. surplus and insurance in force.