New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-15

wants 70 PLENTY OF traders say the raoveren.
nothing more than a Gates operation against Il,
shorts St Paul is the last road 70 De credited vi
future control Of Kansas City Southern. n,
selcen interest is saying nothing especial abo5,
ds,,;dands hut is probably doing something 70 bur
IN the property out OF earnings The opinion G.
az 49, fs SIN that the Gates following ara n,
active bulls in AnaalSamated Copper Charles G
c.e+ss e On bought 1000 shares and J. J. Nana.,
nearly as much The pressure seems to be diyecs5
against the Boston short interest, which Is s,fI
alleged to be fairly extensive. The heaviest buyn,
in American Sugar was oy Hooiey, LearnaEd
Co. who took over 100eo shares Traders called
this Boston buying although the house does
large business for other centres. Lower Wa-ss 3,
sttu bullfsh and talks OF substantial a6ganes
before Christmas. At the close the market Wa
decidedly heavy and was suffering from vigor1.
pressure from quarters hitherto very builish- Ths
bull movement had IN fact toppled over from d.
too extended following among the seni-profeszo,,I
element It was said also that certain bazkn,
interests had passed the word round that ths uo.l
ton was getting a little unwieldy. The most So
nffcaut selling Of the afternoon was IA Urso5
Pacific Moore schley who have been sspseaHg
active on the bull side for many weeks past, scl5
$4,000 shares, and c. B. Macdonald, who has been
more or less the bull leader among the rrader,
in this stock sold 1000 shares or more. Both n
this and other stocks the Western following toos
a great deal at the top.
GOBLET DIRECTOR.-At the monthly mse..
ing Of the board OF directors OF the Lincoln T1,,
Company yesterday Robert Goelst was electsd
member 10 I'LL an existing vacancy.
AMAIGAMATED COPPER-The price at vS,s
Au1aIgamated Copper is now selling represent, A.
appreciation Of than s10o00o0J0 in the marin,
valuation Of the capital stock Of the COMPANY nm,
the low level established in 1903. when It sod !,
ss% In 1901 the stock sold as high as 49, and a.
predicted that that figure will be equaIed IL NJ,
h. Anf h14II z=s-x
limit The metal is selling ct the highest uris,
since the organization Of the company. with TIA
exception of 1893 when sales for time were mad
slightly above the present level IN this month s.,
year Lawson the Terrible predicted dire a..
for the Annalgamated Copper Company but Esr,.
how or other the concern has managed to SURVIVE
HEAVY DEMAND FOR COPPER-one Of n.
most prominent wire concerns OF the country thai
consumes an enormous quantity OF copper ysariy
IS in the marke. for T. 10000 pounds for delivery in
January February, March and April So far Il IA,
been able to secure only 100000 pounds for lam
ary delivery. and has been forced to pay fraction
above current quotations. Lake and elsctroy4f-
copper advanced yesterday &c in the bid price "a
1886 Casting up 4sc in the bid and asked ur,.
at 1s1sc to 1870.
STEEL STOCK OFFERED TO EArPLoYFs-E
H. Gary, chairman OF the executive committee 4,
the United States Steel Corporation. Announce,
that employees OF the corporation and slbsidiarv
companies will have the opportunity 70 subzc,is,
for the preferred stock Of the concern in 1905 III.
stock will be offered at par. Steel preferred eoss5
yesterday at 105
BOWERY SAVINGS BANK REDUCES rTEE.
EST-Announcernent has been made that the soz-
cry Savings Bank has reduced its interest On de-
posts from to 81 Der cent. As this fnstituteu
is one Of the most important savings banks in the
city, it is believed that other institutions VIII a
make reduction in their dividends on deposits.
PIG IRON PRODUCTIoN.-In the eleven month,
Of the calendar year, the production Of pig iron
in this country amounted to 205se7ss tons. an In
crease OF 100000 tons compared with the prod11c
ton for the full year OF 1873, which established
new high record It is likely that the total for this
year will be upward OF 2 $4,000 tons
APPLICATION TO LIST.-Appncation has bs.,
made to list on the New-York Stock Exchaue.
100000 additional first refunding mortgage bonds
of the Brooklyn Rapid Transit Company dss,g.
mated on the list the refunding convertible ps-
cent bonds OF 200.
ERIE'S RAIL ORDERs.-The Erie Railroad vi
soon place an order for 1900 tons Of steel rails
BANKS LOSE MONEY-LocaI banks have los.
since last Friday over s.300OO0 in their operation,
with the Sub-Treasury.