New-York tribune., 1901-03-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London prices were nrIn
and foreign houses bought in the local market
Total purchases were about 5000 shares. Upward
OF 10000 shares were sold.
STOCK LOAN QCOTATIONS.-Loan quotations
were: Atchiscn common. Missouri Pacific, Della
ware and Hudson. Western Union and Smelling
preferred !. Atchison preferred, New-York Central
Northwestern. Northern Pacific common. Manhat-
tan Louisville and Nashville. Smelling common
and Erie common and first and second preferred.
?: Chicago. Burlington and Quincy, Peoples Gas.
Northern Pacific preferred Reading LIST preferred.
Rock Island ST. Paul Sugar. Union Pacific pre-
ferred American Tobacco common. Continental
Tobacco common. United States Leather preferred.
Brooklyn Rapid Transit Tennessee Coal and Iron.
Southern Railway preferred, Southern Pacific. Fed
eral Steel and American Steel and Wire
common. 2Ia: Third Avenue. Federal Steel pre-
ferred and American Steel and Wire preferred. fiat;
Burlington and Ohio common. fatal; General Elec-
trlc II: Union Pacific common. 2I.a2I3
READINGS Observation-Disclosures OF the Read
ing company for February show increase in net
OF S3li159. and surplus after charges OF SST27o
increase OF $2S9.70 over February 1900. The sur
plus FOR eight months is N696926. against s2544s20
in tie time year ago. The coal and iron
company shows FOR February gain In gross OF
S64l Sl6. and IL net gain Of SS),iSL
AMERICAN TOBACCO DIVIDENDS.-The di-
rectors of the American Tobacco Company have
declared the regular quarterly dividend Of per
cent on the preferred stock and n dividend OF Ia
per cent on the common stock, ana the D per cent
semi-annual interest on the outstanding scrip.
UNITED STATES RUBBER.-The regular week
" meeting OF the executive committee OF the
United States Rubber Company will be held to-day.
and Il Is expected that action will be taken on
the price schedule for the business year. which
begins on April /. The regular meeting Of the
directors will be held the first Thursday in April.
II is reported trade that business in the last
two months has been about dull as in the late
fall and early winter. 1t is said that as dealers
now have on hand a considerable supply OF goods
il is improbable that heavy purchases VIII be made
early in the
UNION PACIFIC CONVERTIBLE FOURS.-The
Stock Exchange Committee on Securities has ruled
that contracts Union Pacific convertible fouTs
are due on April /. and must be settled by de-
lyeres Of subscription certificates - per cent cash
paid with interest at per cent from date OF pay
mcnt of the first Instalment- The committee on
unlisted securities rules that transactions in Union
Pacific convertible fours on April l. and
thereafter transactions shall be In the certhcateS'
first tnstaIment paid and shall he traded in fiat
ST PAUL rights" AND SHORT SALES
some traders have been selling st, Paul stock
short and buying the rights on the same stock
on the theory that there Is sure proht or about
three points in this ''sradde" II is pointed out.
however that they have been selling the stock
which carries ? per cent dividends. while the
rights carry no dividend and must be paid for in
cash four p per cent instruments on this
theory, which applies only to transactions made
before ST. Paul sold eN-dlVluend. the thEre point
profit vanishes as well the interest on the cash
payment for rights"
PENNSYLVANIA RIGHTS.-The Pennsylvania
stockholders entitled to the right to subscribe
TO the new stock to the of 80 13 cent of
their present holdings $50 per share the basis
of par value $50 between the dates of June and
June 15 inclusive. the right expire the latter
date. Subscription warrants will he mailed to
stockholders about May TO- The stock receipts will
be exchanged for stock certificates on Sep
tember 20.
MISSOURI PACIFIC.-Missouri Pacific has de-
cded to issue monthly statements of net earnings.
The report for January received Yesterday shows a
gain in gross of $iO7 5O3 and in of Si36 800 Total
net earnings being 81 119 746
APPLICATION To INSTRUMENTATION has been
made the Stock Exchange list the following:
Chicago Terminal Transfer Railroad Company
SS5O0O additional mortgage per cent bonds. and
Milwaukee Electric Light and Railway Company
1897 900 30year consolidated mortgage bonds of 1926
ATCHISON'S EARNGNCS.-The Atchison. Topeka
and Santa Fe reports increase gross earnings
for February of 5S6.3O6 an increase In net
earnings of s15437s For eight months of the fiscal
year gross earnings have increased ST. 4l5O O22 and
net earnings, after taxes and rentals Sl.967 $40.
UNITED STATES STEEL. SHARES ADMITTED
Certificates for United States Steel CORPORATION
contracts will be dealt in in the unlisted depart
of the exchange. beginning to-day
DIVIDENDS DECLARED-The American Wool.
len Company has declared a dividend of 49, ner
cent. payable April 10. The Chatham National
Bank has declared a quarterly dividend of per
cent.