New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-02-03

vania stocks. There is strong pool operating in
the stock. which does not believe 1t will get much
stock about these figures in view Of tho vir-
tual promise of Increased dividend at the next
declaration. Traders the floor say Pennsylvania
looks as IL IL was moving at last. There has been
block Of long stock hanging over 1t for some
weeks which has only been gradually absorbed.
but seems to be OF the way at last.
HIGH ASSAY OF ARIZONA COPPER--A dis
patch has been received by the Arizona Consoli-
dated Mining Company from It's Superintendent at
the mines In Arizona saying that after $50 sam
ping tests In all its properties. the value
runs 81 80 This is greatly in excess OF the
companys expectations. and will increase its earn
ing capacity materially. the managers will i'm
mediateiy construct a cotton MILL The dispatch
adds that a new vein has been opened that runs
rs feet wide The board Of directors will leave hero
on February Is tour Of inspection for the pur-
a railroad.
PIG IRON CERTIFICATES MARKET.-Pis iron
certificates at the New-York Produce Exchange
opened inactive at about unchanged prices There
were no sales. Quotations Were: February $40 200
SIS 80; March SIS aoas16 30; April and May. SIS 20
asked; June s6 so asked; July SIS 80 asked On the
second call the market continued dull. with prices
a shade easier. There were no sales Closing quo
taons follow February. SIS 2Oqsl6 60; March $40 80
S1s so: April SIS solsls co. May. SIG adsl6 90; June
SIG soas1s 90; July. SIS srds1S 80.
BILLETS-SaIes of billets IN the Pttsburs dis
trict are now being made a basis of s25 and s26
a tom or from 50 50 81 so ton above the official
price The price of bilets Is now within ~ OF IS
Of the price of steel bars. which are manufactured
from the former The discrepancy between the Or
fetal and the unofficial prices for billets would war
rant a further advance in the pool quotation. out
action Of this kind in the future is not conte
plated.
GREEN BAY AND WESTERN DEBENTURE
R,s-There was good demand for the Green Bay
and Western debenture bonds in yesterdays
market Interest is being paid on the deoenture
AS and on the stock. and as the companys earn
inRs are growing there is idea that at no re-
mote period the BIS will also be placed In the in
vestment class Holders OF the last named issues
believe that they should receive a return In the
current year.
UNION PACIFIC.-C. G. Gates & Co, were credited
with an important buying order In Union Paclnc:
and bought that stock on the advance openly ana
through other houses. Strong. Sturgts q Co we're
the stock would higher. but did not Ike the
comparative dulness of Southern Pacific.
PACIFIC COAST.-The advance IN the securities
of the Pacific Coast Company In the last few days
WILL II is said be followed by the placing OF the
stocks a per cent basis.
ADAMS EXPRESSION March l the Adams Ex-
press Company will pay its shareholders OF record
the proceeds of the sale OF some property not
needed in the conduct of it's business.
w. V KELLEY IN STEEL FOUNDRIES.-WiIl-
lam V. Kelley. of the Simplex Railway Appliance
Company. which has just been merged with the
American Steel Foundries Company. was yester-
ecutive committee and a director of the latter
corporation.