New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-01
MINING STOCKS.
WALL STREET AND EXCHANGES.

uopr1c.N TIP ADTNC,-Transactions here for for
eign account aggregated about 1000 shares' win
purchases and sales about equal in amount <Aiiei
can stocks in London showed consideraOle lrIesu-
Iaritv with more declines than advances. Consols
were steady but foreign bonds were mostly easier
Copper stocks were weak. and the mining oepdie
rnent was lower The fortnlghtly selIleLIet' -
Guided satisfactorily Money was IN some oeiHaAi.
e. sa++1aroent reouirements and for the last day Oh
the month but should ease off next week. aIthous4
rates are expected to average higher from no" A0-
ward. 49,,
under pressure on any rally. There seems 10 nave
been a breaking up Of the pool IN the stocA' re-
sulting in one or active houses that were 'iie
advertised leaders getting more STOCK thah leS
wanted around 124 This stock seems to De coming
to market on the floor in the early tradlhs INC
boar noint on Union Pacific was general Most OF
+ba ac+iva professionals Sold basng their opera
tons on the technical position OF the stock IN the
market and the improbabtltty Of any ne" ouSi4is
until after the holiday. A highly cohsefEd'i'0
house. which has done a good deal of business 1or
Carnegie and his friends in the last years mas
been very heavy seller of United States steer
sinking fund IS. but is steadily accunluiatlis tie
common stock. One Of the stories on the uecille
in Union Pacific is that market pool Iorineu
about a week ago got more stock than II "ahIeu
and was forced to liquidate by the withdrawal OF
one Of its most influential members. The realizing
involved sale of about 5000 shares In the ad-
vices of the wire houses TO their customers one
note was general. This that stocks would
probably be just as cheap Tuesday, after the
holiday and that. therefore, 1t was sound trading
to let somebody else pay the interest to carry the
active issues over the next two days This OF
course was interpreted advice to get out, al
though it probably not meant altogether that
way 1t is said the Morgan brokers gave out
buying orders in something like $4,000 shares OF
Atchison during the day They took all the stock In
sight and advanced the price in the face of fall
ing market. Upper & Co. were among the most
important buyers Of Union Pacific, and nave been
picking 1t up any break throughout the week
One of the most important commission houses had
a large order to buy Amalganated Copper on
scale down. but later took all they could get without
waiting. In the early trading the specialist In
Pennsylvania had page full of stop loss orders
involving sales and not buyer. The price
of the stock naturally declined, but as this
liquidation concluded hardened substantially
NEW MEMBERS OF STOCK EXCHANGE.-W.
Rossiter Belts, Frank W. Graves and Allan F.
Cohn have been elected to membership IN the New
York Stock Exchange.
INTERNATIONAL PAPER DIVIDEND - The
International Paper Company has declared the reg
ular quarterly dividend of IL per cent its pre-
ferred stock payable on September so Books close
September 15 and reopen on September 80
MORE CARS FOR THE PENNSYLVANIA
The Pennsylvania Railroad has asked for bids for
1900 in addition to the 5000 for which it invited
bids few days ago. The 1900 for
use on the lines west of Pittsburg. This makes
the number ordered during the year 1905 about
$4,000. The new cars will be much larger than the
old style in use, and will have capacity
of 100 900 pounds The orders for them will go TO
the Pressed Steel Car Company. the American Car
and Foundry Company, the Cambria Steel Com
pany and the Standard Steel Car Company. About
u old type freight to be broken up and
the salvage will be used toward paying for the
new steel
ELECTED TO GUARDIAN TRUST BOARD
F. L.. Peck, president of the United States Lumber
Company. has been elected director of the
Guardian Trust Company.
HIGHER PRICE FOR STOCK EXCHANGE
SEAT.-A membership in the Stock Exchange is
reported sold for $4,000 The last sale previously
made at $4,000
FOR REPORTING CURB QUOTATIONS.-A
and quotations has been established by the Curb
Quotation Company, recently organized
PIG IRON QUOTATIONS--The market for reg
ular pig iron certificates the Produce Exchange
opened steady TO a shade lower Foundry grade
was generally strong. There a sale of 100
tons of August foundry at SIS 90. Quotations on
the call follow; Regular-Cash SIS 10 asked; Au-
gust SIS 50 asked; Septembec SO 35ds5 so: October
$50 55IlS15 90: November, December and February
SO 60 bid. F'oundry-August. So AGS15 60; Septem-
Der, 50 Is asked; October. S15 10 asked November
SIS So asked December. 50 60 hid February. SIS Is
bid. On the second call regular remained steady.
while foundry neglected. There was a sale
of 500 tons November regular at SIS % the call
Quotations the call were follows: Regular
September SIS 70 asked: October So 55Qs15 10: No
yenber SIS 55sl5 Co; December So 1915 40; Feb
ruary So aoHSl6 Foundry-September and Octo-
ber SIG asked; February, SIS 50Q$6