New-York tribune., 1905-12-12

the few bears remaining may easily have % "a
up quite little to get the stock they need. C.
De Witt. who represents active section os ~,
traders, says that the high money rates are fu,.f
fed and declares that ne sees nothing 10 buil ~.
market on at present He seems 70 think that .
sistance from the Treasury 10 the banks vorls
merely extend the bull account without rnakfn
the money market situation any safer. Ravro,S
Pynchon & Co. Dick Brothers and other aef,y.
houses bid up Erie with success. but found sor.
long stock on the advance II is naturally srsuss
that its relatively low price ought to make It a.
tractjve. The movement in the United States stss,
issues. which have been inclined to lag when ~
rest Of the market advanced, was materially hsIns
by purchases Of 1900 shares of tho common h.
Keech. Toew & Co, and nearly the same amount -
the preferred bv Strong. Sturgis & Co
ANACONDA.-Through the economies A. 81
Washoe smelter and the discovery OF richer -
bodies. the Anaconda company has reduced 49,
cost of IFS copper production nearly on cent
pound. In AL OF the mines Of the Butte disfri,,
especially those Of the Anaconda company the ~.
bodies growing richer below the 20)9 sao
levels. Above that they wero recently Jean 80
there was fear that the mines were PLAYING -,
For the purpose Of determining whether that VIA,
fact not all the companies began sinking A.,
soon demonstrated that the ores we're greatly =,
creasine in richness again The company IL e,
much better position to-day than ever before a
its history and the fact that the price OF cono.-
under the influence OF a legitimate demand Is ro-
quoted at high figure naturally sttep,lo,
to the shares of the company. There was a I'm.
when Anaconda sold far above its current Isvag
with the price or copper at 70 cents a pound "a
compared with about Is at present
PACIFIC CO3ST.-The advance in PacfAc Coas
shares while not accompanied by new devslo-
Iuonts affecting the property was undoubte6ly dp.
to the Improvement IN the companys earnings ana
TO the tardy recognition Of tho fact that the com
mon stock Is nov a per cent basis At r..
present price II is well under other investments ~
similar character. and strong interests have
taken hold of the issue the chances nstursft-
favor better quotation. Apparently 1t IS the il,
tention of the bull leaders 70 take hold OF all "a.
good stocks which far have not enjoyed A mar
ket gain pr1portionate to the Increase in actual
value
UNITED STATES RUBBER-A special r1estnv
Of the United States Rubber Company will Be Red
on January for the purpose Of increasing the NUN,
Der of directors from seventeen 10 nineteen Tba
two new directors will represent the Rubber Goods
Manufacturing Company. Last May a plan was
approved for the acquisition Of 81 per cent OF the
stock of the Rubber Goods Manufacturing Com
pany. from a syndicate managed by Anthony \
Brady. AS soon as the legal requirements can 6s
complied with there will be q further increase in
the representation of the Rubber Goods Company
IN the United States Rubber Company.
"SOOS" NEW LINE.-The announcement is
made that the line between Thief River Falls and
Kenmare owned by the Minneapolis. St Paul ami
SauIt Ste. Marie is completed Along the lie
there ninety-fve elevators completed and pras
tfcally full and more than 800 go bushels Of gram
in store There are thirty-1ve stations The
line thirty-two of which are completed.
APPLICATION TO LIST-Applicatioa has been
made to the New-York Stock Exchange 10 list
SOS 200 additional preferred stock and H04o0 add
tionaI common stock of the Philadelphia company.
COPPER PRICES HIGHER--Copper prices aG-
vanced 14c all around. Lake and electrolytic 1Ssc
to 1s15c. and casting. 1sc TO 1S1sc
TRANSFERS OF MONEY-The suh-Treasury
transferred yesterday for local banks s15o.@0 to
NeU-OTleaOs