New-York tribune., 1901-03-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING London dealt actively in
the local market Foreign houses traded IN about
- 60 shares. with sales % 5000. Selling was
wholly for profits
STOCK LOAN QUOTATIONS.-Lo quotations
were. Atchis3u common. Sew-York Central,
Northwestern. Northern Pacific common. Manhat-
tan. and louisville and Nashville, .; Atchisou pre-
ferred. Chicago. Burlington and Quincy, Peoples
Gas. Northern Pacific preferred Reading tst pre-
ferred. Rock Island. 81. Paul. Sugar. Union
Pacific common and preferred. American To-
bacco common. Continental Tobacco common,
United States Leather preferred. Brooklyn Rapid
Transit, Tennessee Coal and Iron. Southern
Railway preferred. Southern Pacific. Federal
Steel common and American Steel and Wire
common 2N2ia. Third Avenue. Federal Steel pre-
fsrred. American Steel and Wire preferred and
Smelling preferred. fiat; Baltimore and Ohio com
mon fatal. General Electric Missouri Pacific and
Smelling common. u; Delaware and Hudson and
Western Union. I.
GRANGER sHAREs-The advance in Burllng-
ton was due heavy buying induced by the report
that the Hin interests had secured the road. There
is no doubt that certain interests would like to get
Burlington but it s said in well informed quarters
that the stock Is widely held that great difficulty
IS being experienced in buying majority OF the
holdings Burlington will probably pay more than
per cent some day. and higher market value Is
expected The stock sold al ls2Ia IN 1851. L is
likely 10 90 TO l5 the current move. Rock Isl
and made conspicuous improvement excellent
buying. Rock Island is cheap. despite the fact
that IL PAYS per cent less than either Burlington
or 81. Paul. The company has increased its mile
age and earning capacity without adding 70 its
capital and stockholders will some day fare as well
as holders OF Burlington. ST Paul and Northwest
now fare Clark. Dodge & Co. II. Content & co.
and Bell & Co were the heaviest buyers OF Bur
!nEtou.
STEEL SHARES-In the outside market the
shares OF the United States Steel corporation
features While on the Stock Exchange strength
Ea1a Auna- feel
and Wire and other steel and iron securities It
was said that insiders were buying the various
issues and that important announcement would
be made tomorrow. \ director in one OF the com
psnies said yesterday that the conversion OF the
old securities for the United States Steel Corpora
tion shares would be successful In the outside
market axe Superior Iron advanced from !ol 20 l2o
II Is understood that the United States Steel Cor
poraton will issue slooc0o,o'0 more stock
COAL. SHARES-The coal stocks were weak IN
the early dealings on adverse labor reports from
the mines Losses were recovered in part before
the close with net advances in the Erie issues
The idea Of a coal strike at the end OF the winter
season has few OF the terrOrs that were noted last
fall when ruInors Of the big strike were first heard
Dealers well supplied with coal. the producing
companies have big surplus supplies and the de-
unand Is naturally growing lighter. The trade. OF
course does desire a strike. but II is we'll
prepared to meet il 1t comes. Cause for
strike does not exist. and public sympathy will
made sharp advances in the afternoon reports
OF probable changes in the companys manage
ment and on the expectation OF dividend the
first preferred
MANI HATTAN.-Manhattan advanced on heavy
buvfng which was accomp panied by reports OF New
York Central control Official denial that the New
York Central had bought the property not ef-
fective in checking the enthusiasm in the stock.
II is not known vet who has been buying Manhat-
tan but IL is generally believed that interests
have come into the property and the
largest holders Of the stock The local traction sit
uation promises Developments of Importance in the
near future. especially In Brooklyn. A A Hous-
man & Co Moore * Schley, Talbot j. Taylor &
Co and Flower & Co. were heavy buyers Of Man
haitian
OTIS ELEVATOR REPORT.-The report # the
Otis Elevator Company says that the earnings OF
the company in the last year were only suffi-
Client 10 pay 6 per cent dividend the preferred
stock but enabled it carry considerable amount
to the account OF needed working capital The
conpauy's floating Indebtedness has been funded
and all bonds and mortgages on subsidiary
panies have been paid off by the issue Of per
notes running for seven years.
ST. LOUIS AND SAN FRANCISCO.-St. Louis
and San Francisco common is. IL is said scheduled
for a price OF 80 The investment value OF this issue
is YET TO be determined. but the first and second
preferred have been on a dividend basis for several
years The first preferred is solid per cent
stock. II is thought that this issue may be