New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-05
MINING STOCKS.
WALL STREET AND EXCHANGES.

maII, STREET AND. EXCHANGES.
,,or-,rl,n, RAD1Nc,-Foreign houses dealt in
aonO shares in the local market. all sales IN
- +bera was a sensational decline in Russian
bonds the As dropping four points 10 81 WINE IN
paris the Russian IS dropped over I'VE points IN
soils held remarkably well Ihe 0oi'lihei' va"
heavy seller of American stocks in LONDON
MARKET GossIP.-Amalgamated Copper acted
ii +brouebo,t raIiying strongly as anything
The weakness in the price of the metal IN London
was offset by the recovery there oeiofe 'He oio.
,rhare is obviously still some bear account aIthoush
there are traders who doubt it, Although Amerl-
can Cotton Oil was advanced TO help lhe speoul1
ton i'm Virginia Chemical people close 10 thal cur
troll did not encourage the merger runors- iI7
Moore & Schley pool appears to be the most SI'i's
influence in the advance III virginia CHe'"eH.
rravIor Robinson & Co. executed some OF the orders
- +bera did not seem TO be much stock In the
market one of the most interesting OF the iilioL
DEVELOPMENTS was the movement IN hdl'a"i -,
Michigan The minority stockEoldeIs die ii''9
tbeir influence felt and seem determined to secure
- ,root,rept from the Hooking Valley control
rro,rassea Coal and Iron showed eonslderaoie u"-
certainty and some weakness Ihefe Is Eooo iV'
for thinking that the state OF the case Is ABOUT
tuo,vs. one pooI thought it could have SOFA out
control to the German Steel Trust but coc,u no no,
b+sIr II There were two other bull pools IN th9
market but one of these sold out on the ot'e' a.
nrices over 120. 1t is quite possible tha~ tnu
naming pools between them hold the coillv' ~
it is positive tHdL I4lO 'i-N'--
tr r,itb tho woodward interest. Anaconda Te-
eected the serious decline in copper stocks IN Lon
don and Paris The fall had notIhhg 10 90 ~
trade conditions, but was merely Inc result "a az
-o,,nd Io,1idation in the Paris market WhiCh AZ
fected the copper stocks like everything ese- ms
or,ent in National Lead was much In line with
that in other closely held industrals me tain Is
oil of bI1ving bv people interested In SheiserS WIN
more rumors coming from that dlreeuoh man I'm
tba United Lead people. who are not saying nlur.
nd that not for publication. Brooklyn hdplu
transit was one of the weakest stocks on the s'-
Houses with political connections nave pee' Sli"7
and report good deal of nervousness among tne'r
rra,nmsnv following on the election situation Ins
sor,a influence was probably apparent in Consoh-
dated Gas but Brooklyn Rapid Transit mas hal
the most extended bull account open of any OF the
franchise stocks Foreign houses for the most pdI
sold Stock overnight.
CANADIAN PACIFICS PROSPER1TY--Cana-
5isr Paci1cs statement for October and for the
Fo,,r months from July / makes gratifying eA-
hIbit and shows that there is as yet no dlninisn-
ing of the material prosperity which the road mas
been enjoying for some time past me sIoSS
earnings for the month of October showed an III
crease over the preceding year of S1aSae' WINS
the not for the same period showed an Increase
of s5O7 95T. The gain in the gross Tor inc lou,
months since July l. amounting 70 $-'LSo'ofl, a
the increase In the net for the same tne' OF Sirs
OoO would indicate that the current fiscal yea.
will show even greater increases in the gross ana
NET than was the case in the preceding year a
the present ratio of increase holds good throusho
the year, and the prospects are that IL VIII u
gross earnings for the company for the hscai 80
should approxinate Ss,5O0OCO. According 70 Inv
anort for the year ending June 90 last. the total
increase in the net earnings over the net OF 'H7
preceding year amounted to Sl15o.5io IL Win - -,
fore be seen that the increase In the net earnings
NJ the road for the last four months amounts
moro than the total increase in the net for ths ~
fiscal year. At the same time the increase
gross earnings for the last four months Is M
than half the total increase in gross OF tl's -.
nreceding The bumper wheat crop In Man''V
and the wheat growing provinces OF tne -
west has. of course. been large factor 10 -.
immense earnings Of the company. but 1t mas ~
been the sole factor. immigration into the -
dian Northwest the last summer ana up
present time has been more than normalI =,
There has also been an increase in laud S''1 srt
much higher prices than preVaiieu e'
a time ago last year
INTERNATIONAL PAPER. 49, The foho"ns
statement has been issued by a high oticl"' u
international Paper Company;
Az the directors meeting last wednesday iasSS, ,
able statement of current e3 a,t i being
duced as a result OF improvements nla1' ,,,nths
plants. The product Is sold Tor eis.t .,nt d~,Ires
show that for the three months ending - 9,. cor
the company made more Papg t ' hjsfory and de-
Iiyered to it's customers. ~ the sar,..o,snonding
neriod in tire past In view of the eacooin"So~.
results and promising outlook the director Sft will
ICED the installing of ten machines 49, nave
be as large and fine any III the WHttu' Srr.. new
q capacity from $50 to 400 tons dfiilS able
eoui5ment will make the COMPANY lu'pl
and enable IL extend its export ouslheS
GOVERNMENT BoNDs.-Fisk & Roo'HS'"
their monthly bond circular. say:
Because of liberal offerings early in No Nlcse ~
Of rs al 1905 and is of 1907, which unt We - ~
the month were convertible into : OF H. I.ins Of
the fact that there only moderate ots hsogS
2s the price of that issue fell some" Iet bpIIs-
1O31G the closing quotation named IN our ''s fbis
Tin sales as low as 103 were recorded. ~, ~ ~
level substantial buying orders were ssN,isstien.
banks desiring bonds to increase their cliISuistiou
This decision Ia take out addiSionai t. ,raia
was partly due TO the low price of 2s but 'l arr
Incentive was undoubtedly the scarcity 90 ,sifh
rency which threatened TO seriously intetieIs shs
the proper financing OF crop moving IllSSSsnced
influence of this buying. the price OF = bonds
rapidly TO lOS3. The possible issuance OF .,,csion
during the next few months FOR the cohs't tsner-
of the Panama Canal Is again becoIllhs an Sic
tant factor in the market Tor Is II - - Az
that Congress will act promptly IN respeet, SSonis
Ing the tax on circulation secured by cahal - On
rirculation secured BY the 2s OF 1880 Upon ,sio1
beIne done the administration will be in posisv,e-
10 market the new bonds to advantage Whennesber
n becomes necessary TO issue them On Novsi9it 1g
81 Secretary Shaw announced that the feIuiiiS -
OF IS of 1905 and of 1897 into p or 1881 Wo--
discontinued the close of business NoVeuspo.,
THE privilege Of refunding was aNailed OF -
generally and the whole operation may De Iss-atsf
"a as having been entirely successful Ine nsa es