New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-24
WALL STREET AND EXCHANGES.


FOREIGN TRADING.-FOreign houses dealt In
less than 900 shares in the local market, evenly
distributed In London price changes were unin-
portant and there was no material movement in the
discount market
STOCK LOAN QUOTATIONs.-Loan quotations
were: Amalgamated Copper, Brooklyn Rapid iran
sit Erie common, Southern Pacific. Sugar, Ten
nessee Coal and Iron Union Pacific common and
preferred. United States Steel common and pre-
ferred, United States Leather preferred ana
Wabash preferred. 2s4 per cent; Atchison common
and preferred. Baltimore and Ohio common
Canadian Pacific Consolidated Gas. Delaware and
Hudson New-York Central. Norfolk and Western
Metropolitan Street Railway Pennsylvania. ROCK
Island preferred ST. Paul and Southern Railway
preferred, 2a per cent; Erie first and second pre-
ferred. Louisville and Nashville. Manhattan and
Missouri Pacific, 21462a4 per cent; Peoples Gas.
Reading and Rock Island common ) per cent;
Western Union, per cent.
PIG IRON CERTIFICATES MARkET-Pis
iron certificates at the New-York Produce Exchange
opened irregular months showing frmness,
while distant positions were shade lower. as
compared with the final quotations Of last night.
There were no sales. Prices on the call were:
Cash and December ST 80; January. 81 20qSl7 30;
February, ST l5dSl7 80; March and April $l7 loo
ST 49, May s7dS7 20 June s16 95QS11 16: July. SIS 10
3S17 To- On the afternoon call no new features were
revealed, and quotations were practically I'M
changed. There were no sales Closing prices fol-
low: Cash and December. ST 10; January, 81 l5G
ST. 3d. February, ST. 1887 So March 81 1OqSlI 90;
April s17qSl7 80; May N7gS17 20; June, $l19s7 %;
July Sic 90.
STRONG POSITION OF COPPER-Copper prices
were strong in the local and London markets, spot
copper in London advancing IS sd. over the pre-
ceding days close 1t IS probably not generally
known that the surplus supply of copper IN this
country is practically exhausted, owing 10 the
large exports and the heavy demand for home con-
sumption in the last few months. and although GER
tain men in the trade are trying TO keep the prices
of metal down. the chances are that in the new
year quotations will rule at a materially higher
level The demand from the Chinese for copper has
been exceedingly heavy. The large increase in the
orders of the General Electric Company and other
electrical concerns, which cover many months
ahead for actual delivery. means an enormous de-
mand for copper in the year. OF course. activ-
tty in the copper trade will favorably affect the
stocks of the various copper companies
CHESAPEAKE AND OHIO.-The idea that the
Chesapeake and Ohio will be placed on a higher
dividend basis. and also Norfolk and Western may
not appeal to the management OF the properties,
now that there are indications that both companies
will be forced share part Of their ira 1c with the
Deepwater and Tidewater Railroad, which is being
built from West Virginia to tidewater Seventy
five miles of this road have already been finished
The grades are easy. there are fewer curves and 1t
Is estimated that the cost of operation will be
well under the older company. Substantial New
York interests are interested in the new property.
BALTIMORE AND OHIO-The coal shipments Of
baltimore and Ohio so far this calendar year make
favorable comparison with those of the preceding
YEAR Notwithstanding the fact that the coai ton
mage during the early part of 1904 was on com
narativelv small scale. due TO the depression in
general business. There are those who oeheVe that
If present conditions continue TO exist IN the sort
coal industry it is not unlikely that Baltimore and
Ohio common stockholders will receive higher dvi-
dorde before great while and the strength in the
cornanys stock lately is regarded by well informed
interests as tending to confirm this view Out
whether there will be any change IN the dNldehu
rate during 1906 is question that Is uhoelerIleu
at the present time
JANUARY DISBURSEMENTS.-Div ana
interest disbursements which will be made in jan
uary will 1t is estimated. be larger than ever
before recorded aggregatng more than Sl9O'e"'V".
Dividends on railroad. industrial. Newly ork trac-
tim stocks and bank and trust company stocks
viii, amount TO more than s590o00o, while interest
navments on railroad industrial and traction
shares, government and New-York City bonds will
amount to more than 100000.
MOVEMENT OF MONEY.-The reported
ments of currency this week indicate a gain in
cash for the banks of over 100000. The banks
4,ined from the interior and gold over
s. 900 900 and lost gold exports over 100000.
Tho gain from the interior was the largest since
tho return movement of currency from the interior
began.
KANSAS WINTER notwithstanding to re-
ports from Topeka. the winter wheat crop in
Kansas began the winter months in a worse con-
diton than for many years There has been little
rain IN this State in the last six months and it is
estimated that the injury from drouth is at least 90
per cent and that it will be 80 per cent within
thirty DAYS If the crop does receive more moist
ure.
GOLD EXPORTS.-The National City Bank en-
gagged Sl0lOO0C in gold coin for shipment TO South
America. and Goldman, Sachs q Co. took 1000
Since the beginning of the current outward move
ment of gold $23S5O.00o has been shipped or en-
gagged. OF this amount. over 100000 has been
taken for Cuba and 100000 for South America
GRAIN EXPORTS.-Bradstreet's reports the ex
ports Of wheat including flour. for the week at
1850 7OS bushels. against l444SsO last week and
1856 GOO last year. Since July l. 3377TOs7 bushels
against SO 9S5 $50 last year. Corn $50 sg2 b,sbeIs
against 453 uS last week and S6C5i last wear since
July l. 1871 9s2 bushels against 2769s 351 last ea
JERSEY CENTRAL'S EARNINGS -E,ar,,in,,s 90
the Jersey Central for November shou, A., i,ra.
in gross of $3s $50 and an increase in net NJ sol sal
Owing to decrease in renewals and additions of
sl47 1880 and an increase in charges and 49,, 80
500 oi7. the surplus for the month showed an a.
crease OF 81, 3l1.