New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-22


FOREIGN TRADING.-Foreign houses dealt In
10000 shares in the local market evenly distributed
In London there was no material change in stock
market quotations. and little activity in the gem
eral market. There was good demand for money
in London, but there important change in
discount rates. In Paris exchange on London was
higher: also in Berlin. Paris stock prices were
lower
CENTRAL OF GEORGIA BONDS.-There has
been in the last few days active buying move
ment in the Central of Georgia income bonds, and.
according to interests well informed regarding the
property. the issues being absorbed by people
of the highest financial standing. The third in
come bonds outstanding amount TO only s4.ooo.OOo
compared with 100000 of the second incomes and
100000 of the first incomes. The difference in
price between the second and third incomes is not
large, and as the total issue OF the latter is so
small it is believed that the price will advance
to a higher level especially we'll informed oper-
atcrs are taking the bonds in expectation OF re-
ceiving a satisfactory return on their money.
PIG IRON CERTIFICATES MARKET.-Pg
iron certificates at the New-York Produce Exchange
opened firm. with q fair demand. The sales were:
One hundred tons of January 100 tons Of February,
100 tons of May and 100 tons of June Prices on
the call follow: Cash, ST.; December. Sl7gsl1 30;
January 81 1851 20; February. sl7 l5dS7 %;
March ST 1Oa$7 IS April $1743f7 25: May. ST esq
ST. 10 June and July. SIS 95q$7 O5. On the second
call prices softened considerably. bids being I'M
changed to 10 points lower as compared with the
quotations of this morning. The sales amounted
to 100 tons Of January. Closing quotations were:
Cash and December. 81; January ST 10qsl7 10; Feb
ruary, SIT 05qS715 March. s17qs17 10; April. N78
ST % March, Sic 9Oq$l7 %; June. SIS 90$7 10: July
SIG 60
READING COMMON GETS DIVIDEND.-The
Reading company yesterday declared dividend OF
Il, per cent on it's common stock. payable on Feb
ruary / This is the first dividend declared on the
common stock and it is understood that 1t will
be repeated in six months. to put the common
stock the per cent annual basis The COM
pany also declared a dividend of per cent on
the second preferred. payable May TO- to stock OF
record Of April q. The last dividend on the sec
ond preferred was per cent. declared on Septem-
Der TO- and payable on November 10. to stock or
record of October q. 1t is fairly 10 DO inferred
that the second preferred is on per cent annual
basis.
NORTHERN SECURITIES-It was reported on
good authority yesterday that two Of the most
prominent directors of the Northern Securities COM
pany had been active buyers OF the stock IN the last
week Northern Securities stock Is now selling on
the curb in ths neighborhood of 100. which indi-
Gates that matter what the decision in the
Northern Securities case may be. the Union Pa
cifc interests Will realize handsomely on their in
vestment in connection with the formation Of the
Northern Securities Company.
800" EARNINGS INCREASE.-EarnirgS of the
MINNEAPOLIS St. Paul and Sault Ste Marie Rail-
way Cor the second week in December show an
increase of 1855 33S. over 10 per cent. as COM
pared with the same week year ago. making
from July an increase of over HI per cent. The
DEVELOPMENT work that is now under way or the
company's lines is already affecting the earnings
most favorably, and. according TO the officers OF
the company. the opening of the Winnipeg extern
sion will result in a most marked increase In
traffic receipts in the next twelve months.
"FOUR-TRACK SERIES" NO. S-The New
York Central and Hudson River Railroad has is
sued No 9 of The Four-Track Series entitled
1.-TWO Days at Niagara Falls" For people whose
time is limited, we'll as for travellers who wish
10 make more extended visit to the famous Ameri-
can cataract. this publication will prove a most
valuable guide The pamphlet contains all the in
formation that be crowded into that space. in
Guiding several interesting articles relative to Diff
ferent features of Niagara and its surroundings.
APPLICATION TO LIST-Application has been
made TO the Stock Exchange to list S.330.0o0 add
+ionaI common stock of the Atlantic Coast Line
Railroad and s3357.lOO first mortgage per cent
bonds of 1880. $6,900OO0 per cent non-cumulative
preferred stock and S4.6OOOO0 common stock of the
Standard Milling Company.
AMERICAN CAR AND FOUNDRY.-rhe direc-
tors of the American Car and Foundry Company
will meet early in January to take action on q
dividend on the preferred stock. when it is prob
able the usual ia per cent will be paid. No action
will be taken the common stock. and at this
time it is impossible to say when dividends will be
resumed.
CANADIAN NORTHWEST'S PROSPERITY.-It
fs estimated that the Canadian Northwest's total
wheat croD this year will reach So 100000 bushels
as compared with As 100000 bushels last year The
,vea her in the last months has been favorable
for DIoughng and a large increase in the acreage
will be planted in 1905. Real estate is enjoying a
healthful boom in the Northwest.
HEAVY PIG IRON SALES.-Members OF the
Fasern Pig Iron Association report that they have
Gold MIG iron to the of their capacity up TO
May l next
COLD FOR SOUTH AMERICA.-The National
Rank Of Commerce will ship 100000 gold coin to
south America by Saturdays steamer
Steel, BOLT PRICES ADVANCED.-The Steel
T2oIt Association has advanced the price OF bolts
to 81 a ton
OFFER TO INVESTORS.-Plympton Gardiner
g. r. bankers of New-York and Chicago are
orartng a selected list of conservative investment
bonds and guaranteed stocks. suitable for banks
institutions estates and individuals.
rpIrcT COMPANY OF AMERICA DIVIDEND
The Trust Company of America has declared a
oI,ortarv dividend OF 3l2 per cent on its capital
stock navable January J. Books close December
g and reopeIr>Sa nuaIS ..
ELECTED TRUSTEES-At meeting Of tras-
tees of the Washington Trust Company held yes
terdaW CHARLES y Clark. son of the late Charles
u ctisrt former ice-presdent of the cornany
and Francis Fl. Page, s5CoHa sice'president OF the
T0TTISjIII,E LIGHTING COMPANY RONDs -
F3ASnonS e 70 are offering TO investor, sS5S 40
Ioiisvjs LIGHTING Companys first moTtgsSs
Apru and October / The Offering price is bar and
adpnrnsd interest The bonds are hrst and onI
HeD no the entire property of the conna ot I
ov;nA5 or thar may be hereafter acauirad Tba