New-York tribune., 1901-01-04
MINING STOCKS.
WHEAT.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-London prices were
lower and foreign houses We're heavy sellers in the
local market. II estimated that arbitrage
sales aggregated 125,OO0 shares.
STOCK LOAN QUOTATIONs-Loan quotations
We're: AtchisOn common. Western Union. Erie COM
mon and Erie first preferred A. Atchison preferred.
Chicago. Burlington and Quincy. Missouri Pacific.
New-York Central Northwestern Northern Pacific
common. Northern Pacific preferred. Reading first
preferred. Rock Island. Union Pacific common.
Union Pacific preferred. Manhattan. Delaware and
Hudson. Louisville and Nashville and Baltimore
and Ohio common. AZ: Peoples Cas- American To-
bacco common. Continental Tobacco common and
preferred United States Leather preferred. Brook
lyn Rapid Transit Tennessee Coal and Iron South
Railway preferred. Pacific MAIL Federal Steel
common. American Steel and Wire common and
AmaIgamated Copper. 4I4G5 ST. Paul. 293; Sugar
3 Illinois Central. 394 Erie second preferred. 8;
Kansas and Texas preferred. fat
MARKET FEATURES.-Sugar Refining declined
4Is points; Brooklyn Rapid Transit. 2as; ConsoIi-
dated Gas. 3& Delaware and Hudson. g. Erie
issues 2d2N; Federal Steel. 3l5; Metropolitan 3;
Ontario and Western. 2S-: Pennsylvania. 2a.: Peo-
pe's Gas 3az. Southern Pacific 27s: United States
Rubber > and the preferred. si5. Tennessee Coal
and Iron showed the effect OF inside selling. Peo-
pies Gas sold by Western houses. The
granger shares were we'll bought the decline.
John W. Gates heavy seller OF the granger
and industrial issues Large room operators worked
for the bear account. and the so-called Waldorf
crowd active the selling side. Financial in
terests favored the decline
MARKET OPINION.-After the close Of the
market the greater number OF leading market in
terests expressed the opinion that the decline was
not likely 10 go much beyhnd yesterdays limit IL
was thought that forenoon prices to-day might
work lower. but the opinion quite general that
weak accounts were pretty thoroughly weeded out
yesterday and that stocks had passed into strong
hands. Inquiry at several OF the large commission
houses developed the information that an enormous
Of stock had been sold for CUSTOMERS ac-
count
SOUTHERN PACIFIC.-Southern Pacific stock
continues TO puzzle Wall Street. II is admitted
that the price ought 10 advance vet on heavy
transactions the stock has moved within a range
of two points for several weeks with a three pOint
break yesterday. The most plausible expIanatioD
is that insiders are keeping the price down In order
TO accumulate stock. This issue is one OF the few
that have failed to share 20 any extent in the cir
rent bull market.
NEW EXCHANGE MEMBERS - Herbert {,
Wright. OF Chicago; Elk. Norton Frederick Fl
Payne, John Grant Lyman and Joseph l.. Newborg
OF New-YOrk. were elected members OF the Stock
Exchange yesterday.
LOUISVILLE AND NASHVIII.E-rbs a,rertors
of the Louisville and Nashville Railroad COMPANY
have received notice that the meeting for the semi
annual dividend will take place January 10 az
p m. II is said by conservative bankers that the
directors have not vet come 10 an understa ndinx
on the rate 10 be paid 1t is known however that
the most influential director next 10 Mr. ReIrnoDt
himself is decidedly in favor Of per cent rate
THE TRUST COMPANY OF AMERICA-Tbe
annual statement Of tho Trust COMPANY of Amer
lea of which Ashbel T. Fitch Ia president for the
year ended December 81 1900 shows deposits of
s25Si2s6. as against sssi2.s5i on December 81 1899
and shows undivided profits after the payment of a
dividend of s245s9i. against ss56O5 on December
81. 1899 The total resources of this trust COM
pany which began business on July l. 1882 now
aggregate nearly s1s.oooOoO. and the capital stock
surplus and undivided profits together are
5.2i5.s .sa4
BOOKS OPEN TO-DAY.-The subscription books
for the S0.ooO000 Southern Pacific Company Az per
cent gold bonds will be opened to-day at 10 O'Clock
at the offices of Speyer & Co, No 80 Broad-st
RUBBER DIVIDEND REDUCED-The United
States Rubber Company has declared a divi-
dend or per cent on its preferred stock IL be-
ing the second quarterly dividend from the net
earnings for the fiscal year beginning April l. 1900
20 stockholders OF record January Is and pay
able on January 81 The usual quarterly dividend
has been per cent After the meeting of the d.
rectors IL was said that the Board had decided to
make a reduction OF price I'm manufactured goods
and that this reduction soon to be announced
by circular to the trade. No statement was made
regarding a consolidation with the independent
companies The preferred stock sold Yesterday as
high as SSh. but on the announcement OF the ra
duction of the dividend Il broke to 49, The cIoaa
was at 20; net decline for the day of sll no,nts
The common stock lost points. closing AT 25Is