New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-29
WALL STREET AND EXCHANGES.

FOREIGN TRADINCI-FOreign houses dealt IN
UPWARD Of twenty-five thousand shares in the local
market, most of which purchases. In London
government issues generally strong; also the
copper shares. Although the requirements for the
fornightlv settlement heavy money was in
good supply at reasonable rates.
STRENGTH IN SILVER.-LOcal authorities at
tribute the rise in price of bar silver at London
to an excellent demand from the East and 70 the
covering of large short interest at the English
centre The price of the metal has been steadily
advancing for time and yesterday at London
touched the highest figure in over year The local
price has OF course, followed the rise abroad. and.
as there is known to be scarcity of silver at all
important points further advance in the price Is
regarded as very probable. At this period in 1908
bar silver London quoted at 253sd. per ounce
and Yesterday it was quoted at Is 5-1Gd. The prce
at New-York at this time last year was 551sc.
against 61ss yesterday Mexican silver dollars sold
at 45c in December 1908, and yesterday were quoted
4S4c.
PIG IRON CERTIFICATES MARKET-Pig iron
certificates at the ew-YOrk Produce Exchang>
opened dull and unchanged TO a shade lower as
compared with the final quotations Of Tuesday
night There were no sales Prices the call follow:
Cash 81 80: December, $l70$I7 80: January and
February ST 80; March and April. S17d$l7 so: May
$l6a$l7 To- June 9Od$7 20; July, SIG 75Q$7 20 No
new feature developed on the second call. There
were no trades Prices were barely steady. Clos
ing quota tions follow: December and January ST;
February and March N7Q$17 80 May s6 9cQ$17 %;
June SIG 50
A NEW STOCK EXCHANGE FIRM-A new
Stock Exchange firm will begin business on Janu-
airy / under the title HUM Edey & Co. with Of
fees at No. 81 Wall-st. The firm will consist
of George A HUM. Frederick Edey and W. J.
Wadsworth Mr.. HUM is the senior member of the
Philadelphia banking house of George A. HUM d
Sons Mr.. Edey formerly a member Of the
firm of H B. Hons & Co. Mr.. Wadsworth, who
will represent the new firm the floor OF the Ex-
change has been a member of that organization
for the last fifteen years.
SPECULATION IN COFFEE.-A number Of
Stock Exchange houses are active factors in the
coffee market at present but well informed trade
interests are not favorably disposed toward the
present advance in prices. which, they maintain, is
not warranted by the statistical position. At the
height of the Sully boom in coffee the price was
pushed to 910c. while it is quoted at s20c. big
gain from the low figure of the year. Two years
go when the Lewisohn holdings were being iqui-
dated coffee sold below &c pound.
NEW DIRECTOR IN CORN EXCHANGE
BANK-Myles T1erney yesterday elected di-
rector of the Corn Exchange Bank, of NewYork
City Mr. Tierney is president of the Hudson Trust
Company and a trustee Of the EmiSrant Industrial
Savings Bank of the New-York Security and Trust
Company and OF the Commercial Trust Company OF
New-Jersey.
NETWORK CENTRAL RAILS.-The Vanderbilt
lines have placed order for 10000 tons of steel
rails delivery. with the Illinois Steel Company.
The remaining 5000 tons will be divided the Lacka-
wanna Steel Company getting the bulk Of them
and the Carnegie Steel Company all. nearly all.
of the balance.
ANACONDA.-The advance in Amalgamated Cop
per was followed by a report that efforts would DE
made to advance Anaconda. AS there is only
small supply the latter issue available for specu
lative purposes. the lightest demand has decided
influence on its price.
INTERNATIONAL PAPER--An official Of the
International Paper Company says that the
pany has no connection, either directly indirect
" with the General Paper Company, against which
the government has instituted proceedings on the
ground that it constitutes a monopoly.
COPPER SHARES ACTIVE.-On the curb
we'll as on the Stock Exchange the copper shares
were strong and active. notably Arizona Consol-
dated which advanced 10 261s; Douglas Copper.
Montreal and Boston, Greene Copper and Bristol
Copper Speculation was helped by favorable
ports from the industry.
GOLD ENPORTS.-LaZard Freres withdrew $3.50,
600 in gold bars from the Assay Office for export
to Paris to-day The same firm has engaged all
the gold bars which the Assay Office can turn out
up January s.
CANADIAN PACIFIC.-Canadian Pacific which
was one OF the strong features, actively
bought by Canadian interests and several substan-
tiaI local interests close 10 the management of the
company In London there was good demand for
the issue.
SUGAR ADVANCED.-AU refners advanced list
prices of sugar 10 points, making granuIated $50
cents They again taking orders thirty
days delay, without guarantee.
IRON ORE PRICES-Bessemer iron ore will be
advanced from 30 to cents Il ton Tor 1900 The
principal producers have agreed to the advance
Customers are now vainly trying to book for next
years needs al present prices.
CURB SECURITIES STRONGHOLD securities
are showing unusual strength for a holiday week
Northern Securities having reached the highest
mark Arizona Consolidated is actively traded In
at &c and 26L and 1t is rumored that financial in
terests in Pennsylvania seeking control of this
stock
SECURITIES LISTED.-The following securities
tho toCk .ban
million two hundred thousand dollars additional
guaranteed per cent refunding mortgage eoupon
bonds Of 1883 of the Long Island Railroad Company
s7,0OOO 900 additional Pittsburg Lake Erie and West
Virginia system refunding mortgage per cent
coupon bonds of 1871 of the Baltimore and Ohio
Railroad Company 100000 additional ST. Louis Di-
vision first mortgage per cent coupon bonds of
1851 and $3.50 OOO additional first consolidated mort