New-York tribune., 1905-04-25
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses oought
stocks in the local market despite the fact that the
London market was closed. Purchases were made
of course, on the expectation ol Z" S's
in London to-day. ,- -
ROCK ISLAND PARTY SELLS UNION IA
CIFIC HOLDINGS.-A news bureau says that there
is good reason for believing that the block OF 5oV
sboras of Union Pacific common stock which Is
sre+rod N have recently changed hands at pri-
ya+e sale was bought by the Union Pacific interests
from the so-caued Rock Island party. 1t Is under
stood that the Rock Island people had accumulated
= large amount OF Union Pacific some months back
the possession of which placed them in position 70
be entitled TO a good deal of recognition by the
Union Pacific management. 1t is now stated in
well informed quarters. however, that they have
peIinquished a greater part Of their Union Pacihc
holdings 10 the Hartman interests.
WESTERN PACIFIC BONDS.-The underwriting
of the naw Western Pacific . per cent bonds is
likely to be allotted in the future. Subscribers
will not receive their subscriptions in fun The
bonds will be issued two three points below par
They are redeemabIe at 1O5 and bear per cent
interest The interest is guaranteed by Denver and
Rio Grande and Rio Grande Western jointly and
severauy. as is also sinking fund Rio Grande
Western also guarantees that if the $5000o.COO is
not sufficient build the road IL will take Junior
securities TO a sufficient amount to complete IT,
UNITED COPPER.-There was unusual activity
In the shares of the United Copper Company the
curb and time the common sold Il point or
more above it's last weeks closing price The de-
mand was based the decision in the Minnie Healy
case which was favorable to the Heinze interests
as against the Amalgamated and Boston and Mon
tana In his United Copper Company Mr. Henze
holds the most valuable copper properties in the
Butte district outside of those owned by the BOs
ton and Montana. The Minnie Heay Mine is one
Of the most valuable copper mines in the world
and it is owned by the United Copper Company.
This mine is showing the operating company
net profits of $4,000 year. The Heinze party says
the Supreme Court decision is final, and the mine
can be made 10 show net earnings of Sl.Oe0.ON a
year.
NO BREAK IN COPPER.-The Street has been
filled with rumors late that sharp break in the
price of copper metal will take place. One
sensational writer has gone so far as to say
that a cut of cents a pound might be looked for
Prominent copper interests IN this city and men
who sell large amounts both 20 domestic consumers
and for export the report is ridiculous and is
simply the work OF some one who desires a reduc-
tion for market purposes.
FOUNDRY IRON.-The American Steel Foun-
dries Company has purchased 2OOO tons of foundry
iron. and the International Steam Pump Company
1,40O tons The market for foundry iron is rather
quiet. but some activity is looked for in the near
future. The fact that several furnaces that have
heretofore been producing foundry iron are now
turning out Bessemer is regarded as favorable 10
foundry iron conditions.
CHICAGO STOCK EXCHANGE.-The Chicago
Stock Exchange. in increasing the dues from SO
to 800 annually. desires to cut down its present
LitiIoe snip VI III u 4VV eCtNe bIoktfS ana locate
nearer the banking center. The last sale Of a
membership at 81 400.
EVIDENCE OF PROSPERITY Beginning May
the five thousand employees Of the Colorado Fuel
and Iron Company plant in Pueblo Col will
receive an advance in wages OF from 10 20 per
cent.
ANACONDA DIVIDEND INCREASED
Anaconda Copper Mining Company has declared
a quarterly dividend Of . share. an In
crease of p cents share the previous dec
laration The dividend is payable May IS.