New-York tribune., 1905-01-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Fo-eign houses dealt in
q 900 shares in the local market, selling on bal
ance In London in the early trading in the gen
eral market prices were heavy. but at the close
n frner tendency was reported. Money was in
better demand.
ILLINOIS CENTRAL EXTRA DIVIDEND
The directors Of the Illinois Central Railroad Com
many Yesterday declared the regular semi-annual
dividend Of per cent and in addition dividend
of II per cent to commemorate the declaration by
the company of its one-hundredth semi-aInua4
cash dividend. In the fifty years during which the
Illinois Central has paid dividends these distribu-
tions have averaged at the rate of 6l2 per cent a
year and the extra dividend just declared keeps
the present year UP TO the average. Only one road
in the United States the Pennsylvania. has
greater dividend record than Illinois Central
PENNSYLVANIA has paid dividends semi-annually
since 1856 averaging per cent year for that
period and amounting in the aggregate TO well
over $9O0COO0o0 Next year 1t Will make its one
hundredth semi-annual distribution.
BALTIMORE AND OHIO.-Baltimore and Ohio
has almost completed the extensive improvements
to the Cleveland division, which practically in
volved the rebuilding Of the southern portion OF
the old Cleveland. Lorain and Wheeling line.
strengthening the alignment reducing grades and
changing from single to double track This work
has been in progress about eighteen months. and
It is expected be finished and ready for through
operation by March l. The total expenditure will
amount to about a,00OOOO. and will put the Cleve-
land. Loran and Wheeling line in first class con-
dtion handle traffic at economical cost
PIG IRON CERTIFICATES MARKET.-Pig iron
certificates at the NeN-York Produce Exchange
opened weak. but with a good business at the de-
cline The sales 100 of February. 100 tons
OF March. so tons of April and 100 tons of May.
Prices on the call follow: Cash. $3.50: January,
SIC 50: February SIC S0qS6 S. March SIS 1885 90;
APRIL SIC 8gqS17: May. SIG 7GdH6 70; June. SIC Goa
SIS 70: July SIG 50qSl6 20. On the second call trad
ing was light and prices easier. The only sale
was 100 tons Of January. Closing quotations fol-
low: January 81 TO- February s16 65dS1s So March,
SIG 7Gasl6 6. April SIC 90 May. June and July SIG %
asked.
GOLD EXPORTS-Ba Magoun & Co yester-
day Withdrew approximately 100000 in gold bars
from the Assay Office for shipment 10 Europe.
Further new engagements OF gold We're also made.
so that the entire output OF tie Assay Office up TO
February Is has been contracted for. Lazard
Fra,es. as has been previously announced, will
take all the gold bars tho Assay Office produce
from now up 10 February l. Following them Bar
ing Magoun & co. win again have a call the
gold up to February :. and Goldman Sachs & Co.
have engaged all the gold bars produced from Feb
ruary to February Is. All these consignments
for Europe.
UNITED STATES GUARANTY ANNUAL
MEETING.-At the annual meeting OF the stock
holders Of the United States Title Guaranty and
Indemnity Company held at the main offices. Nos
l6o ard l62 Broadway. yesterday the following d-
rectors were elected; John J. Barry. David A
Body. George J. Grossman Hugo Hirsh. Thomas
II. Mulry. Myles Tferney, Leo Stern William H.
Zlegler. John Banbey William J. ButtIing James
X Brown ". {. Dcmorest. a. c. Hottenroth w T.
Humstone. John II. Sutphin. D A. Sullivan. George
y Brewer, H. b Hubbard Horatlo s Steward
Robot NrCaffr.ty Albro J. Newton Paul Crout
A.-iaI J. Concy and Alonzo D. Pouch. Al the
arst meeting Of the board Of directors the following
officers We're unanimously 6leetcd: George J. Gross
man. president; David A. Boody chairman ~ the
executive committee William II. ziegler John H