New-York tribune., 1901-01-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses were not
particularly active in the local market, arbtrage
dealings amounting to about forty thousand shares.
mostly sales. Northern Pacific and Erie issues
were actively sold for foreign account.
STOCK LOAN QUOTATIONS.-Loan quotations
were: Atchison common and preferred Chicago.
Burlington and Quincy. Northern Pacific preferred.
Reading first preferred, Rock Island, St. Paul,
Union Pacific common and preferred, American
Tobacco common, Continental Tobacco common,
Manhattan. United States Leather preferred, Ten
nessee Coal and Iron. Southern Railway preferred.
Louisville and Nashville. Baltimore and Ohio COM
mon. and Erie common first and second preferred.
3; Third Avenue. fiat: General Electric. New-York
Central, Delaware and Hudson. Western Union and
Illinois Central 2; Missouri Pacific. fatG1-12S;
Peoples Cas- Sugar, Brooklyn Rapid Transit.
Amalgamated Copper. Federal Steel common and
American Steel and Wire common, SH. and North
Pacific common, fatal.
REPORTS ABOUT NATIONAL LEAD.-SeIling
of the National Lead stocks is based the report
that dividend will be paid the common stock
this year and that the preferred will follow
ample of United States Rubber preferred 1t Is
said authority that the full preferred dividends
will unquestionably be maintained. The years
dividend on the preferred has been earned, with a
considerable surplus.
INTERNATIONAL SILVER-The directors of
the International Silver Company meet the latter
part of next month to take action the dividend
on the preferred stock An officer of the company
says that the directors will declare the full regular
tional amount in part payment of dividends de-
ferred since April. 1900.
THE PACIFIC STOCKS.-Au the Pacific stocks
strong features. Union and Northern Pacific
being In especially good demand Missouri Pacific
which has reached the level Of Northern
and Union Pacific, is being bought on dividend and
consolidation expectations Union Pacific is in
trinscally more valuable than Missouri Pacific, and
the chances that 1t Will outsel the latter named
when both stocks reach their ultimate level South
is oft thp hat
Joyed improvement.
NORFOLK AND WESTERN.-Norfolk and
Western common advanced two points on dividend
talk. 1t is thought in we'll informed quarters that
this stock Will not receive dividend until the end
OF the fiscal year. Earnings continue show
heavy gains over year ago returns for the first
week in January giving increase Of 1892 From
July gross earnings have increased N,16222.
MISSOURI KANSAS AND TEXAS-Missouri.
Kansas and Texas reports an increase in gross
earnings for the first week in January of 6O.59s
Buying Of Kansas and Texas preferred stock is
thought to be in connection with coming South
western railway developments. 1t is believed by
persons who have trustworthy information that
Rockefeller and Gould interests working IN
harmony in the Southwest. and that stocks are
being accumulated by banking pool.
GOLD EXPORTS.-Schumacher Co. say IN
their weekly letter on the exchange market that
between sl5OoOOO0 and $40 10000 gold will be ex-
ported on the coming movement.
DIVIDENDS DECLARED-The Citizens Insur-
ance Company has declared a dividend of per
cent; the Bank of New-Amsterdam per cent. and
the Lawyers Title Insurance Company OF New
York 21s per regular and Il per cent extra.
ONTARIO AND WESTERN GOLD NOTES.
Kuhn. Loeb * Co. offer for subscription basis
10 yield AZ cent per annum for the average run
ming period of the notes. equalng price of 1O3 per
cent. 100000 New-York. Ontario and Western
Railway Company's per cent sinking fund first lien
gold notes. The notes are dated December /. 19OO
and mature by semi-annual instalments from 1901
IN hey araS 1radh hV first mo fgaC on i'm
portant coal properties in the Scranton district.
Gently acquired at cost OF about 5000 600 and
the direct obligation OF the railway company which
in the last fiscal year earned and above all
terest rentals etc, a surplus OF sS59024 Subscrp-
ton books will at 10 m. January 1S
and will be closed at D. earlier on the same
day. the right being reserved to reject applica-
tions and 10 award smaller amount than applied
for. Notes awarded upon subscription are to be
paid for January 23 when they will be ready for
delivery.
NOTICE TO HOLDERS.-J. P. Morgan & Co
urge holders of Northern Pacific preferred stock
trust certificates to present the for exchange
for stock before February 10 next. after which day
all preferred stock trust certificates that have not
been exchanged will have to be presented for
stamping before the dividend payable March can
be paid In order to facilitate this exchange ]. p
Morgan & Co. rescnd their previous notice limit
ing the number of schedules to be received TO 100
per diem for the preferred stock.
TO MAINTAIN COFFEE STANDARDS.-An
amendment to the bylaws of the Coffee Exchange
has been proposed by the Board of Managers. In
effect it recommends the appointment of a board
of arbitrators. member of which shall be
lected to provide fresh standards each year and
maintain them nearly possible on terms of
equality The standards must always be approved
by the Board of Managers.
F. H. PARKER RE-ELECTED.-At a meeting
or the Board of Directors yesterday Forrest H.
Parker was unanimously reelected president of
the New-York Produce Exchange Bank.