New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-23
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
10000 shares in the local market selling on bal
anCe. In the London market there was ma
teral change in government bonds. exceDt the
Russian issues. but stocks. including American
issues. were weak. London discount rates wero
lower. Paris rates were trife higher and Berlin
rates were unchanged. Berlin exchange on Lon
don was higher. while in Paris quotations re-
manned at Wednesdays close
WHY NORTHERN SECURITIES HAS AID
VANCED.-In view Of the present prices for Great
Northern and Northern Pacific. It is OF interest to
see what they make the Northern Securities
shares actually worth. A pro rata distribution of
the assets of the last named company such as was
voted by the board OF directors and approved by
all the stockholders outside the Union Pacific in
terest would give to each holder OF 100 shares
Of Northern Securities stock the following:
80 q shares Of EortaeTH Pacific at J9e Sc Esq 20
Unpaid dividends on deposit in banks 400 90
This does not include anything for the per cent
OF Northern Securities representing the assets re
naming after the distribution Of the Great North
ern and Northern Pacific holdings
PIG IRON CERTIFICATES MARKET.-Pig iron
certificates at the New-York Produce Exchange
were no sales. Quotations on the call were: Cash
and December 81. January. ST. 15Gsl7 30; Fehru-
ary sl7 1OQ$l 80; March. 81 O5qs17 30: April 81 %
ds17 81: Nav SIC ST. 15 June. 81 Il asked July
9OGISl1 on the second Ca44 prices scored
further advances. but no sales were reported
Closing prices follow: December, 81 20; January
SIT 15q2l7 80: February ST. 1881 %; March. ST. O5
ash o; April. $l7aH7 % May. 81 o5GS17 10 June
sl7dN7 %. July. H'HEl' =
UNITED STATES LEATHER PrAN-While
there is some opposition to the readjustment plan
NJ tho United States Leather Company on the part
Of some securities holders IL will not be effective,
az the interests VINO brought out the plan control
over 81 per cent Of each class OF stock. and there
aDparentlv is nothing that can prevent them from
turning over majority 70 holding company.
UNITED STATES sTEEL'S ORDERS-Tha
1-ritn5 states Steel Corporation has untitled orders
on ito books Tor 1905 delivery aggregang 500 o.,
toms con,pared with 3027 436 tons on October / and
. 915 100 tons at this time year ago on Deem
he a 1902 the untitled orders amounted 10 al 70
253 tons
A TRUST COMPANY'S SUCCESSFUL. YEAR
Tho hoard Of directors OF the United States Mort
gage and Trust Company AT its meeting held YES.
teraov declared 4 dividend % per cent and nm
extra dividend OF 4 per cent on the capital stock
Of the company. payable December g. 1901 IN
Gliding the above dividends paid in the wear
amounted to 20 per cent The surplus Of the com
pany increased by S0o''"' 10 SS'5Dco, leaving
undivided profits Of $"N"t
SYNDICATE TO DEVELOP ST. LOUIS RIVER
WATER pOWER-Tucker. Anthony & Co or
pos,o, and Charles T. Barney & Co Of New
yorl and philadelphia. announce that they have
forced q syndicate to supply the money for TN.
6svaIonrcent of the water power in the ST Ionis
River. between Duluth and West Superior
sI-R-TREAsI1RY TRANSFERS-The local sub
,r,s,r, transferred for the banks 500 0oO "a S,,
T7ranoisco ond Maid 10 the banks SSsOOo aeains,
the 1enosit Of bullion at the San Francisco mini
GOLD ExPoRTs.-Iazard Freres took $3.50 600 in