New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-11
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt IN
$4,000 shares in the local market, selling 2.oO
shares In London the general market was steady
but dull Money was easy and is likely to con-
tinue throughout the settlement
UNITED COPPER.-United Copper common was
the feature the curb yesterday dealings amount
ing to the large total Of 1920 shares on price
movement that tended in the direction Of a higher
level At the close 2F4 was bid and 241A was asked
against 22H4q in Tuesdays market The dividends
which declared yesterday by the Montana
ore Purchasing Company will net the United Cop
per Company $317 64 1t Is believed that permanent
peace will be declared between the Amalga-
mated and Heinze interests in Montana, and that
United Copper common will soon be placed on a
dividend basis. Mr.. Heinze is on his way to this
city. and important announcement is expected
his arrival,
COLORADO AND SOUTHERN DIRECTORS
DTEETING.-The directors Of the Colorado and
Southern Railway Company held meeting yester-
day at which they approved the mortgage for
$100OO0O0O on which the stockholders will ba
asked to take action at a special meeting to be
held next month The directors also ratified various
other matters of minor Importance relative TO it's
financial plan.
LAKE SHORE DEBENTURB ISSUE RATI-
.FIED.-A meeting of the executive committee OF
the New-York Central Railroad Company was held
yesterday at which the sale Of 100000 debenture
bonds of the Lake Shore Railway Company to
]. p. Morgan & Co ratified. It is stated au-
thoritativey the proceeds of this sale viii be
devoted in various ways to the general improve
ment of the Lake Shore system.
NATIONAL LEAD COMPANY NOTICE-The
fact that the National Lead Company yesterday
sent out notices to stockholders requesting that a
blank DO filled out AMI returned to the company,
having thereon permanent mailing order for diVi-
dends, mailing Of reports notices, etc. caused con-
siderable comment in Wall Street, the theory being
advanced that the company is about to begin dvi-
dends on its common stock. The company has sent
at various times in the past similar requests
and at its office it was said that no particular sig
uihcance was to be attached to the notice.
MEXICAN BONDS READY FOR DELIVERY
Speyer & Co. announce to holders OF their tenn
porary certificates for United States OF Mexico I
per cent gold bonds of 1904 that the bonds will be
ready for delivery at their office or before May
IL and Will be issued upon surrender Of the certlh-
Gates. Certificates surrendered must have the cou-
pom due June l attached, the bonds delivered in
exchange will carry the coupons due on that date.
SUGAR PRICES LOWER.-A heavy reduction in
the list prices Of refined sugar was made yesterday
by all refiuers. All grades the list reduced
30 points. which brings the card rate Of standard
graduated in barrels down to 5.S5. The sweeping
reduction 80 points the list prices was not
expected by the trade.
DELAWARE AND HLDsON.-Delaware and
Hudson directors have reelected officers. Nothing
was the directors meeting with regard to
fixing the time for issue of the Albany and
Susquehanna bonds. The management has full
power to act in this matter. and will arrange the
date in the future.
SECURITIES LISTED-The following securities
have been added tho Stock Exchange list:
$500 0O per cent guaranteed refunding twenty
ive-year coupon bonds Of 1929 of the Oregon Short
Line Railroad Company: a1G,O00 additional first
mortgage per cent hfty-year coupon bonds Of 1852
OF the Western Maryland Railroad Company;
100000 consolidated mortgage per cent coupon
bonds. series A Of 1885 of the Vandalia Railroad
Company; and 500 2 700 preferred stock and $2S 7O9
500 common stock of the Ptttsburg Coal Company Of
New-Jersey.
Referring to the action OF the committee on
stock list May g. concerning the first preferred
per cent cumulative stock certificates of the As
ISOLATED Merchants Company the committee on
securities rules that hereafter only such certificates
have embodied in them the amended dividend
provision have the dividend agreement printed
across the face a delivery
e.. l. BURNHAM. ASSISTANT SECRETARY
The governing committee OF the NeW-York Stock
Exchange yesterday appointed Charles L. Burn
ham assistant secretary for the coming year No
selection has yet been made OF a secretary OF the
exchange.