New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-04

Some indication of developments which may
become characteristics throughout the whole ist
appears in the sudden activity and strength o.
the junior Vanderbilt stocks, Nickel Plate and
Lake Erie and Western notably. Similar in
provement is about due in Chicago and AlJoE-
a stock. by the by. OF which there is now prac-
tically no supply whatever in the open market
stock so situated that alert and aggrsssivs
| traders could. without difficulty. march it Up
rapidly and substantially.
Some attractive additions have been made to
the low priced industrial shares. becoming sc-
tive and buoyant For technical reasons Con-
Products has receded somewhat. but only tsz,-
porarily-the comPanys current business sur
passing past records. with dividends earned
upon the common stock. Other in6ustriels that
have had attention directed 70 them hera-A-us--
lean smelling Colorado Fuel. DiStius-s. and
! FFopIes Gas. for exaUPle-are I'll continuing
slrong. scoring substantial further gains.
In the list OF properties wherein EXCEPTIONAL
strength shows this week Rubber Goods Manu-
featuring has prominence. An extraordinary
revolution has been wrought in this conQalys
affairs The common stock IS earning dividends
which VIII soon be paid. Barely two years ago
ehe corporation was bu-deCed with some MI
Ions OF noatlng debt; that debt has been enurey
eAtlnguished and to-day tbs company IS iee
actual holder Of q cash surplus almost as big
/ as formerly was its floating debr.
international Paper. acquiring rev capita! 70
business expansion on broader lines. IS SIothtF
stock wherein there have been evidences o. oc-
emulation by important interests and iuc-
oentally. from the same quarter has cCne Utcn
| OF the confident buying az International Ne-.
camille Marine issues. Throughout the list OF
! the very low priced stocks a TskirGh-g a. IN
terest appears. Even stock so long neglected
as brunswick Land comes to the 'front.'. theF7
being the anomaly OF property whose zeal e
tate holdings alone are worth two or three tines
what the entire capital stock Is selling FOR
While every stock with iron and steel .els-
tionShips become buoyant, the coal stocks are
ing not merely buoyant but all being in requesi
by the shrewdest investors that Wall street
knows. Such interests are giving wa-E We-
come 20 the new property-Federal Mining ari
Smelting-which George J. Gould. John
Rockefeller. jr., Charles Sweeny and tnei- $50
GATES have listed uEon the StosA F-xchs4ss
mulative preferred stock ard 100000 cc,n-
mon. there being no bonds or foatins debt ~
addition 20 the 4 per cent on the pre-er'e-
earnings provide surplus equal to II PEE cen.
upon the common. Though the prcSer Sase
upon the stock Exchange barely three weeNs
ago, there has been an advance in the Value O
its lead product equivalent TO S30aC0O per year
or an additional Fer cent upon the co.l-'y55i
stock. Financial interests close 10 NJ NoSSs4
and Mr. Rockefeller, unable 20 acquire &et,
tional holdings az private sale, have been -.
chief buyers in the bUoyanCy Of the pre-'i'e-
stock this week
In the list OF eoal stocks the only one that aes
not vet gone far pp-thOUgh 10 showed SclN-
vigorous signs OF starting yesterdays Cciu.,
bus ana Hooking Coal and Iron. selling nov Z.
an insignificant rgure 10 points below Whete -
was a year ago. while the company : new u-.~s
agenaent has meanwhile made sucA Ptostv5
that the property has prosperity. assured - Il
any prospect in its past history OEtPHso
larger, price is better. administration =,
econonical-net results inspiritiNS enonsn
warrant enthusiasm upon the part or an u ..sln
tigator who Is scanning Wall Street oaIIssps
counters. A 10 point advance In HocklnS - ~
market value before the HOLIDAYS would nS. ~.
SURPRISING the general market hOlding-ah1 80
the general market is going to hold eoaseI'N'
students OF the situation do not doubt