New-York tribune., 1902-12-30
WALL STREET AND EXCHANGES.


LONDON TRADING-The total dealings for
London account were about 10000 shares, of which
two-thirds purchases The earliest quood'loiis
received for American securities in London showed
advances Of from u to "a Later adv1ces inolca'eu
that American railway shares were STEADY IN tone
On the curb these securities closed at the lowest
prices on general selling. The Paris Bourse was
steady and the Berlin Boerse firm.
STOCK LOAN QUOTATIONS.-Am Amalgamated
Copper Anaconda. American Ice. Atchiso1 'om-
mon and preferred Brooklyn Rapid Transit Baiti-
more and Ohio. Chicago Terminal, Colorado Fue4
and Iron Delaware and Hudson, Erie common
first and second preferred: Louisville and Nash
VILE Manhattan. Missouri Pacific, New-York Cen
trail Northwestern Norfolk and Western, Peoples
Gas Reading first preferred Rock Island. St PAU,
Southern Railway preferred Southern Pacihc
Sugar Tennessee Coal and Iron. United States
steel common and preferred United States Leather
preferred Wabash preferred. Western Union and
Union Pacific common, 10 per cent: Union Pacinc
preferred. per cent.
THE COPPER SHARES.-Amalgamated Copper
suffered a net decline of per cent. which was
attributed in part TO the further denials OF the
somewhat persistent Boston story that the differ
between the United Copper Company and
the AInalgamated Copper Company. with respect
property rights In Montana, to be arbitrated.
Arthur P. Heinze. vice-presdent OF the United
Copper Company and representatives OF the Anal
gamated company continue deny positively the
arbitration rumors. The movements In Anaconda
copper erratic. and a decline OF per
cent also made in this issue. 1t OF
the few American stocks for which lower prices
recorded in the early London quotations.
United Copper, in the outside securities market,
made further advance. from 294. to 3oA.. trans
actions OF only 800 shares. There is official
thority for the statement that quarterly dividend
of one-half of per cent will soon be declared
this company's common stock. This IS the same
rate OF dividend that has been paid for the last
two quarters by the Amagamated company.
IRON AND STEEL NOTES-One of the strong
points in the acquisition of the Union Steel
Company 10y the United States Steel Corporation
the material addition which the latter made to its
already large supply. For the Champion Mine.
in Minnesota. recently acquired also by the Steel
Corporation. about s2.oOoOo0. according a Duluth
dispatch, paid. According this dis
patch. the steel corporation has concluded negotia-
tons with J. j. Hill for his extensive holdings
the Mesaba Range. 1t is said that the plans
provide that Mr.. HIlls road shall haul the ore, and
it is also stated that this acquisition puts
Mesaba Range practically in the hands of the
United states Steel Corporation. President Thomp-
of the Republic Iron and Steel Company is
quoted in Chicago dispatch saying that the
announcement is premature that the employees
be given the privilege of subscribing the
company's stock. He adds that the matter has
been only informally discussed by the directors so
far. Regarding the iron and steel situation in
general Mr.. Thompson is quoted saying that the
indications for stability, and there is
plus of finished product anywhere.
DIVIDEND DECLARATIONS,-The Pennsy1-
vania Company. which operates the lines of
the Pennsylvania system west of Pittsburg. has
declared an annual dividend of per cent. and has
aside 81 600 for extraordinary expenses. The
Pittsburg. Cincinnati, Chicago and st. Louis Rail
way Company. commonly known the Pan
Handle" has declared the usual semi-annuaI divi-
dend of per cent it's preferred stock. payable
on January IL to stock of record on January 3.
APPLICATION TO LIST.-The New-York and
Richmond Gas Company has made application to
the New York Stcck Exchange to list 81 100000 first
mortgage per cert bonds of 1921.
CURRENCY TRANSFERS.-There deposited
at the Sub-Treasury yesterday 100000 for teIe-
graphic transfer to New-Orleans United States
Treasurer Roberts Saturday authorized the sum
of $250OOO be transferred by telegraph from San
Francisco to New York.
UNDERWRITING SYNDICATES DISSOLVED.
1t announced yesterday that three important
bond underwriting syndicates had been dissolved.
and that unsold balances had been distributed
among subscribers. 1t pointed that the
high for money of late had necessarily made
the operations OF the syndicates Improbable 1t is
said that the Chicago and Northwestern 32 per
cent refunding bond syndicate shows fairly salts
factory amounts, particularly to savings banks.
The other syndicates question were those under
writing the Toledo St. Louis and Western As and
the Brooklyn Rapid Transit As,
INTERNATIONAL SILVER MEETING AGAIN
ADJOURNED-The special meeting of the stock
holders of the International Silver Company which
was to have been held In Jersey City yesterday
was again adjourned without action until Janu-
ary 16
MINE SECURITIES CONGREGATIONAL the
annual meeting of the Mine Securities Corporation
the following reelected officers: President
Thomas ]. Hurley; vice-president, William H. |
Burger; treasurer George ]. Schermerhorn. and |
assistant treasurer and secretary w. Harold Cock
croft. OF the company's s2500O00 authorized capital
but 81 100000 has been issued. 1t the
trolling interest 81 per cent. in ftytwo mines,
represented by those companies securities which |
1t has purchased, aggregating s2.225.OO0 and has
taken charge Of the operation Of the properties. |
Jay Hurley has been appointed the company's man. |
ager in Colorado, with headquarters at Silverton,
and J. A Cronkhite their representative In Mexico,
with headquarters at Chihuahua
A NEW FINANCIAL DICTIONARY.-'Smith' 1
Financial Dictionary. compiled by Howard Irving