New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-15
WALL STREET AND EXCHANGES.

There has been some talk recently about steps By
the Stock Exchange 10 Xii buckle; shops. As yet
the matter has not before the Governing Com
mittec Of that body. Many schemes. however.
have been suggested. 1t has even been proposed
that the members of the Exchange should he au-
thorzcd TO oie: to the public in so far as they may
desire the inducements Ia the way OF trading on
quotations and immunity from interest charges
that have mads the buckle. shops popular and en-
abled them 10 take business from the Exchange.
This would add the evil. for IT would turn the
regular brokers offices into bucket hops. The
argument OF the supporters Of this plan IS that the
brokers who adopted II would come TO be recog-
nized as jobbers. and would occupy position cor
responding IN respects 10 that Of the jobbers
in the London market. As they would be subject
TO manipulation Of the marke, by their fellow
members Of the exchange. they would In due time
adopt conservative measures At least the bucket
shops would be met their own ground and The
public would be protected TO the extent ma, ,he.r
operations in the main would be on a l.bltfht,e
Hasis Another proposition for the suppression OF
the bucket shops Is that the nckers ana Storn
from use. that the quotation service be restricted
20 instruments owned by the Exchange and sup
change The objection TO this policy - That while X
ne The theory ia that there - nothing Ike free
dom for the development OF business. II is be-.
nr'ru Ina, n IN ,he pres~nt Contra, Win The Gold
and Stock Telegraph Company. which supplies the
general public with qu0atiOn' expires In June
next
Tho Anaconda Mining Company uniil recently was
So close a corporIfon that IL issued no public
statement OF ~ condition and operations As 4 re-
suit Of "A change I'm the ownership OF large par, OF
ITS stock public report for the year ending Juno
- last Is soon 20 be l-sued l. is stated that FOR
the year the company produced between l"c""5
ana 10 5000 pounds OF copper. about 46o"r ounces
OF silver and about y 90 ounces OF gold. THIS pro
duction makes the Anaconda not only the largest
copper producer I'm the world bat also the lhfgrsi
SILVER producer since the Broken fils curiAilci IT.
output. During tn" fiscal year me company phid IA
dividend 81 per cent. The latter wa. semi an
uual dividend. ana was Intended 20 establish N"
dividend rate ~ 10 per cen. per annum ~ - pre-
sumnd fhti 3 per cen. Will be- paid ia May. II Is
4ufcc 10 per cent dividends for al least seven years
| 10 come The Exploration Company or London
che fsOihschild syndIcate) urrnas"t neAr; on
b,if N I'M. Anaconda stock Including the Hearst
.-f,to holding The stock was placed in pool. or
trust Ia London under an agreement that II should
not bc distributed until December H. lr- tyesicr-
day) The stock is traded IN principally In London
and Paris but IL j. said market j. ~ be provided
for II in New-YOrk and Boston. The par value OF
the stock Is ~.
There were large dealings in wheat yesterday.
with Il substantial gain In price. The bulk OF the
, dealings was in May wheat (wheai deliverable In
Mao. The opening price was S's. or y below the
closing price on SATURDAY. There was "A decline TO
! 80, and then steady rise 10 s1i2 az the CLOSE
| which made the gain for the day. compared with
Saturdays final price. : cents a DuSnel. me Hn
in the visible supply. an Increase OF is,Vu bushels
| In wheat on passage. ana an Increase OF 2pD.vD
| hnshels I'm the worlds shipments last week There
| were no changes In the prices OF corn and oats.