New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-06

stock Immediately upon the receipt Of the certih-
cIecl, for The , per cent will he deemed an &C
ceptance Of the offer contained in this notice
IRON. TRADE CoNDITIONs.-It is understood
that within the last few days there nave oeeh
large sales Of pig iron and that the United states
GO iron Pine and Foundry Company has bought
20 90 tons at Southern furnaces and through COM
mission dealers at s13 so Il ton Ihere Is con-
siderable figuring as to what the Oni'ea 0'eel
earnings will be for 1905. Most estimates oy
competent authority are from SlloV)o'oV 10 Sl-'-
100000. 1t is believed that the SUBSIDIARY com,
paDies of the corporation will make and sell
100000 tons of products of all kinds.
AAfALGAMATED CoPPER.-The dividend of $50
share declared by Boston and Montana VIII result
in a payment of little over S0D.Wo 10 the AlIdl-
gamated Copper Company. This amount Will De
applied to the cancellation Of the latter company
debt of 100000 the directors. advanced ny them
nearly two years ago to enable the AmalgaFnateo
company TO build the Washoe smelter
LEHIGH vAILEY-In the Philadelphia market
Lehigh Valley stock again an active feature
enjoying marked Improvement over Saturdays last
quotation. its closing showing a net gain OF over
per cent New-York houses were buyers, and the
report was current that the price OF the shares
would sell many points higher 1t Is said IN Fhia-
dephia that at the meeting of the directors or
the Lehtgh Valley Railroad Company they VIII de-
clare stock dividend.
AMERICAN COTTON OIL HIGHER.-strength
in American Cotton Oil stock was due to the gov
ernment's favorable cotton report. Cheap cotton
seed is a big factor IN the American Cotton OIL
Co1npany's business, and current prospects favor
lower prices for the product.
PRICE OF LINSEED OIL ADvANCED.-Crush-
ers have advanced the price OF iinseed oil &c
gallon to 0c for both State and Western brands
The advance is in sympathy with the upward ten
dency of the faxseed market.
UNITED STATES TITLE GUARANTY AND
INDEMNITY COMPANY'S DIVIDEND.-At reg
ular meeting Of the board of directors OF the United
States Title Guaranty and Indemnity Company yes
terday dividend of III per cent was declared. pay
able January l. 1865 this being the fourth quarterly
disbursement of profits The company is earning
at the rate Of % per cent its present capital.
r A c. SMITH ELECTED-At the annual
meeting yesterday Of stockholders Of the Metropol
tan Street Railway Company R, A. c. Smith
elected a director. to I'LL a vacancy in the board
UNITED STATES LEATHER IssUEs-strength
In United States Leather shares. which amounted
net gain of points in the common and
over points in the preferred. accompanied by
a report that the company would make issue OF
bonds to pay off the accumulated dividends on the
preferred stock, amounting to little 40 per
cent. The report. however could not be confirmed
from any authoritative source The preferred stock
Of which s62 2S2, 800 is outstanding is entitled to
per cent cumulative dividends yearly; but the
largest dividend paid for any year since 1S93 when
the company was organized. has been per cent,
In the spring Of 1903 plan was formed for tho re-
came Of it. The United States Leather COMPANY
has large surplus. which on December 81 1903
amounted to S7534385. The major part OF this sum
IS represented by the 100000 first mortgage bonds
ana STOCK Of the Central Pennsylvania Lumber
company owned by the Leather company