New-York tribune., 1905-01-05
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt in
4OO0O shares in the local market mostly sales. In
London the general market was heavy. except IN
the case of japanese bonds, which again were
strong Money was easy IN all the european mar
kets.
PIG IRON CERTIFICATES AT PRODUCE EX-
CHANGE-Pg iron certificates at the Ney-York
Produce Exchange opened dull and featureless.
there being no GALES. Prices on the call follow:
Cash. 81: January. SIT 1OqS17 90 February. 81 204
ST 25; March. ST O5aS17 80; April sl7aSl7 40; May
STds7 20 June S7QSl7 25; July, SIG 754Sl7 %; Octo-
be- SIS 5G9S17. On the second call TO new features
developed Prices held steady Only 200 tons or
February were sold. Prices closed as follows;
Cash 81; January s17QS7 %; February, SIQs17 90;
March SIT 1OGs17 2O April ST 1G9S7 80; May. 81 1og
81 Is: June a7Qs17 25; July SIS To- October SIS 500
ST.
INTERNATIONAL PAPER.-The recommenda-
ton Of the directors Of International Paper Com
panv to authorize oO00,G0o per cent convertible
bonds approved by the stockhoIders at the
speciaI meeting. held at Corinth y. Y, on Tuesday
uaIf NJ the amount authorized will be issued imne-
diateIy the proceeds TO be used to reimburse the
treasury for money used from time to time Tor I'M
movements The bonds are conVertlnIe INTO pre-
serrad stock The company will retain $5,OOoJ In
the treasury which only be Issued 10 proVlde
for future additions and improvements to the prop
ertv which actually increase its working capaclIy
AMERICAN CAR AND FOUNDRf'-Ihe aIree-
tors of the American Car and Foundry Company
will hold their quarterly AlCGl-AA5 1OTNSJf 60 >
1a nrineipal business TO be transacted IS the dec
,a+ior Of the quarterly dvlden Of - per cent on
the preferred stock 1t is understood that the
question Of resuming dividends on the common
stock will receive no consideration WhateyeF at l-s
meeting. - -o.o-,r, g,zr
rr[o axcbanees Yesterday at the New-Tork Clear
ing House were $ O66 628 the largest total for any
day since May. 1871
TINTED STATES sTEEA-The United States
cd a O0.v art
NEGOTIATED in December for the purchase OF from
10 0 600 to 70 coo tons Of iron The lands are
In the western part Of the Mesaba Range, along
the line Of the Duluth Mesaba and Northern read
TO LIST MACKAY STOCKS IN LONDON-lt
is learned in London good authority that the
.ooks both common and preferred OF the Mackay
companies will be listed on the Stock Exchange
there Application has already been made for
quotation and special settlement day. 1t is report
ed that a syndicate has been formed by the SWISS
P,rlr verein Of London. and kean. Van Cortlandt
e ro Of New-York which purchased from the
0Taclav conpanies large block Of the preferred
and common stocks
I.EETCH VALLEY DIVIDEND INCREASED
The directors of the Lehigh Valley have declared
senni-annuaI dividend OF per cent. against l per
cent last July The directors also declared divi-
dend of per cent on the small amount Of pre-
ferred stock outstanding Prior 10 the per cent
last summer. no dividends had been declared on
the common stock since 1888
GOLD EXPORTS.-Lazard Freres have engaged
at the Assay Office for shipment 70 Paris to-day
ss23 go in gold bars, all that the Assay once could
supply The National City Bank and Muller Schou
& Co. are each TO ship s5ooO0o gold coin tomorrow
20 the Argentine.
AMERICAN COAL-Applieation has been made
TO the Stock Exchange to list $5r0loo capital stock
OF the American Coal Company.
COPPER PRICES HiGHER.-Copper prices have
been advanced * cent pound. Lake is now sell
ing at 15la, electroytc at 15k and casting at l5s
SHOE AND LEATHER BANK ELECTION.-In
order 10 III the vacancies created in the National
Shoe and Leather Banks star OF officers by the
death OF John A HiItner. vtce-president and cash
ier on December s6. the board OF directors, at
meeting yesterday. elected Augustus c. Corby
cashier Henry OIesheimer. first viee-presdent. and
Gilbert B. Sayres. second vice-president Mr. Cor
by and Mr. Sayres have been connected with the
bank for more than twenty years. and have re-
Gently been assistant cashiers. willis Mr.. ouss-