New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-28
WALL STREET AND EXCHANGES


On ooo shares in the local market buying looU on
balance In London the copper stocks Were 'iie
feature advancing on an active VoIunle Vi O
British consols were steady; also japanese Ooiu9
Money was IN fair demand. but ihere was iio --N
terial change in discount rates
CANADA'S OIL. FIELDS-A well known wan
Street man who has just returned from an 49,.
ed trip through the Canadian Northwest Sd! nc
among the greatest assets of western CaHau3 a.
the coal iron and petroleum resources IN brlush
l,l,,r,bio There "a an enormous area OF oil pro-
ducjng territory in that part OF Canada. ana ac-
cording TO people who we'll inIoFnleu lesa'4''s
the Canadian Northwest Winnipeg wll become
the natural centre the refining and distribution
OF OIL through Western Canada; also the natural
centre for distribution of the products OF Can
ada's rapidly increasing manufactures II Is IN
teresting TO record the fact that capitalists from
the United States beginning to investigate
Canadas oil fields with the view OF acquiring righIs
in the oil country.
DOUGLAS MINING COMPANY.-Dr J. Mccall
Ium president of the Arizona and Sonora Chamber
of Mines at Nogales Ariz.. who is spending a Few
weeks IN the East said yesterday. when asked
about the properties of the Douglas Copper Com
pany, that they mines Of great value ana
that Mr. Douglas who had worked so persistenty
for many years to develop them, had a reputation
throughout the Southwest second 10 none for nteg-
rity, energy and ability mining engineer
PIG IRON CERTIFICATES MARKET-Pig iron
certificates at the New-York Produce Exchange
opened quiet with bids considerably lower than the
final quotations of last Friday. The sales amounted
TO 100 tons of December and 100 tons Of May
Prices on the call were Cash ST. Bscem mi St S@
81 80: January and FeDrua ry SI'1Sl, 90. Iarels
and April s17d$17 % June S6 5dSI 20; July. SIG ol
and prices remained practically unchanged There
were sales Closing quotations Io9w IaSn a fI
Sl7Gsl7 20: June. $l6 904S17 20
CANADIAN PACIFICS LARGE EARNINGS.-
Earnings OF the Canadian Pacific for the third
week in December show an increase OF $4,000. COM
parison being made with the same period year
ago. From July / earnings amount to &S.820co.
an increase of $4,000. All Indications point tow
ard further heavy gains in the next twelve
months In yesterdays market Canadian Pacific
stock taken by good class OF olyeTs me
advance in the issue being accompanied by reports
OF buying for the account of interests Identified
the stock Is being taken out of the market by PEG
PIE who are vel iqs in the terrfory served
by the Canadian Pacific lines.
APPLICATION TO LIST AMERICAN ToBAC-
co sECURITIE S-The American Tobacco Com
panv has applied TO the New-York Stock Exchange
to list in the following securities; &6 400 40year
per cent gold bonds: $7S 6s2.1O0 per cent gold
bonds of 1851: s786s9,1OO per cent cumulative pre-
ferred stock and $4O242,4OO common stock
OFFER FOR MOFFAT SHORT LINE.-A dis
patch from Denver says that the Rock Island Com
pany has made offer Of $4,000 for the Moffat
Salt Lake Short Line, and that D. H. Mofrat is
now in the East negotiating with the Rock Island
road which is now across the Continental Divide
UNITED STATES LEATHER.-The Armour plan
for the readiustment of the finances of the United
States Leather Company is meeting with strong OBJ
lection, and II Is said that there will be a
compromise which will be satisfactory all inter
ests. The Armour people, however. appear conf
dent their ownership OF stock is large enough
10 give them the necessary control to make their
plan effective.
NETWORK CENTRAL-The movement in New
York Central stock in yesterdays market cred
tied TO the operations of well known board room
trader who apparently enjoys the confidence OF
several wen known houses.
SOUTHERN PACIFIC LISTED IN LONDON
The London Stock Exchange has listed $4,000 600
Southern Pacific preferred stock
RAILROAD ADMINISTRATIVE received yes
terday for the third week in December show for
nineteen companies increase of $443 742 and for
! two companies a decrease of S151O7. The heaviest
gains were made by the Canadian Pacific Missouri
Pacific. Denver and Rio Grande. Minneapolis. St
Paul and Saut Ste. Marie, St. Louis Southwestern
last named company presented gain of $47 coo
making from July l increase of 81 600.952 COM
parison being made with the same period in the
preceding year.
AMERICAN WOOLLEN COMPANY DIVIDEND
The directors Of the American Woollen Company
have declared the regular quarterly dividend of IA
per cent the preferred stock. payable January Is
1906. stock of record January 2. Transfer books
close January and reopen January II. This
makes the twenty third consecutive quarterly div
idend paid the preferred stock amounting to
$40 Is share, or ss,05o.O0O in the aggregate.