The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-01-20
STOCK MARKET FEATURES
AMALGAMATED and ITS DIYI-
DEND INCREASE.

Its FIuctuatiOns-High and Low Since
19OI-w. C. Rockefeller Resigns
Dollar Cash and a Little Resides
Erie Was Lively.
The directors of the Amalgemated
Copper company yesterday afternoon
declared the regular quarterly dividend
of half of per cent. and an extra div
idend also of half of per cent. This is
the first time within three years that
the dividend had exceeded the rate of
per cent. per aunum. William G.
Rockefeller resigned as secretary and
treasurer of the company because of
i'll health. E. P. Addicls, formerly as
sistant treasurer. was elected vice pres
ident and A. H. Melin was elected sec
rotary and treasurer in Mr.. Rockefel-
Ier's place. William G. Rockefeller al
so resigned as a director of the Anal
gamated company. The latter vacan-
cy will not be filled Immediately.
Amalgamated Copper stock sold at
1870 in June, 1901: fell to 60 LIZ in De-
cember of last year, and to SO 5-s in oc-
tober, 1908. Last year it rose from
+, 40 Is to 50 "a: the latter price being
reached just before the Lawson raid
of last December, in the course of
which the stock fell to So LIZ. This
month it has ruled in the neighborhood
OF. rs.
Directors of the Boston and Montana
company, controlled by the Amalgamat-
ed, yesterday declared a dividend of
$40, or 40 per cent. on par, per share,
as against SIS for the last quarter.
Jacob Berry & Co.. the Consolidated
stock exchange firm which failed last
Ilecember, with liabilities Of s741, 900
| and actual assets of $145, 600, has made
an offer of settlement to its 1000 credi-
tors. 1t is equivalent to six cents on
the dollar in cash and IS cents on the
dollar in non-interest bearing notes,
running from twelve to f1fty-four
| months. ~.F&
The. bond market exhibited a great
deal of activity yesterday, with some Of
of heaviest dealings in Erie and Union
Pacific issues. The chief inquiry ap-
peared to be for bonds yielding 4 to
Alp per cent. on the investment.
Goldman, Sachs & Co. yesterday ship
| ped 100000 in gold coin to Paris, which
| they withdrew from the sub-treasury
| Wednesday,. This makes a total Of
| gold exports since the movement began
on October 81, Of $43,S46,000. Of this
amount $1O.500,00O went to Cuba, and
| S., 900 to Buenos Ayres. The remain
der went to Europe. -.....
Pennsylvania was heavy at the start
| and remained under Wednesdays price
| during most of the session. There was
not much selling on the strike situation,
| the sentiment in Wall street being that
a satisfactory settlement Of the, labor
| troubles would be announced.
Ontario and Western opened with 1900
shares from "A "a to "A rs. Some re-
alizing on the advance occurred. One
house that was identified, with the
| movement for a dividend took profits
| on 5000 shares.
A. Q. Brown & Co. were the largest
buyers of the steel boundaries stocks.
| They took 10000 shares. This was re-
| garded as good buying. {
| Kuhn, Loeb & Co. have purchased
! $S,50O,00O Western Union IL funding
and real estate bonds, the balance of a
$4,000, 900 issue. f.".
Over 100000 shares Of Reading COM
mon were dealt in from so 1-2 UP to
80 S-S. The crowd at the Reading post
| yesterday morning was similar to that
trading in Union Pacific on Monday.
! A number Of inactive shares were bid
UP on small transactions. Duluth,
South Shore and Atlantic preferred rose
2 points and the Kansas City South
erns rose / Ia to "a. Republic Steel
| preferred was offered down a point.
The recent increase in the Omaha
dividend has caused buying in North
western common on the basis of the adj
| ditional income that road receives from
\ fl,a 1o,,eyay, 0,,,oI,a disb,,,.e