New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-20

transfers through the Sub Treasury 81 cnrrss-,
10 chicago IN addition 10 the 5000 reported Z
wondav but il Is understood that considsYss,.
Amount has been sent by banks direct by erp-.,,
and registered mail which should appear in n.
da.re report Of the currency movement.
FOR A MERGER executive COMMITTEES :.
the Republic Iron and Steel Company Is Working !.
plans Tor a merger with the Tennessee Coal az
IRON Company n Is proposed IN form a holds,
company to take over the Republic Iron Steel Con-.
pany's Southern properties and the Tennessee cssa
and iron Company. IT * understood that a sslp,
agency win handle the products Of the two cs
panies The earnings Of fhe Republic Iren s.s
steel Company are said to be running At The a..
Of nearly 100000 a year. In tho month ~ Norsr
Der they close 70 $4,000. and It IS s1pec.,s
they will he equally as large In the current nors
as deliveries have been heavy. \ reprsseutsep.
Of the Republic company SAYS that bafors ~
close of next year Il is expected the esrnf,.
win be running at the rate OF 10000. barrt,r
setback to the steel industry. witch is not sra-
psted. The sdvisabity OF paying to preferred s,st
holders further Instainent deferred divides,
has not baen formally considered. Many OF &,
directors however, arc IN favor of quarterly pa-.
rnents as long as tho steel industry warrants sf,
action Earnings Of 100000 a year would aH,-
the Republic company to carry s252sooO 70 the s-,
plus account each year provided It paid nothing "a
back dividends The company IS required 20 earn
about 81 $1,000 to ray the yearly per cent prefs
dividend.
LAKE SHOF2E.--On January 1 the Lake s,s-,
and Michigan Southern will open the rev road r..
tween DanviIe H. and Indians FGarb1r. on IsE.
Michigan This line is 100 nues long and viii ga
tho Lake shore a valuable entrance to the coal fed.
Of the district II Will also afford direct fuo =
Lake Michigan for the Cairo division Of the Ri,
Four from, DanviIIe over a Vanderbilt Rad THIS
srouId help the businass OF mo Big -Four out Of St
T.oris. as well as cairo and intermedate points
GENERAL ELECTRIC.-The General Electr.
C.oonsnv has received orders for 90 Curtis turbines
and has already shipped SIS. The statement that
the Westinghouse Machine Company equipped fas
reu- C',Juard steamship the Carnana. with Parsoas
turbines Is an error. The 'aJmaDiaz tuToirel
we're built In England. and neither the Amsrics7
nor the. British Westinghouse interests had az
connection with their construction.
TRAFFIC HEAvY.-Trsf1c on the trunk lines AZ
the present time is heavy that it Is difficult 70
provide equipment TO handle It. The statement IS
made by a prominent railroad official that in tia
course Of q long experience he has never seen
traffic offered in such volume or Of such diver
si1ed character One OF the trunk lines has IL
s4ructed its traffic solicitors look for no rnors
traffic. as the road can do little more than hands
zrhat comes to it as matter Of course. The men
Uho had formerly been seeking freight have nov
bean mt to work to look for cars with which -
handle what is offered
A RECORD PRICE-A stock Exchange So,
has been sold for 5000 This is the highest 5rtos
on record comparing with $500 few days ago
PRESIDENT BAER SIIlENT.-Georgs F. Basr.
president Of the Reading, was in NsE-Eork yes
ter6ev but did not attend any conference Of the
anthracite coal road presidents Mr. BasT refused
- sneak regarding the miners convention at
Sharnokin.