New-York tribune., 1905-02-08
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses dealt IN
50 900 shares in the local market. buying 25O00
balance. In London cOnsols a shade harder
and Japanese bonds gained ground. The market
was busy with the mining settlement, and begins
the regular fortnightly settlement to-day. ending
ii on Friday. Money easy abroad, and there
was no feature in exchange movements. Paris still
picks up most Of the gold in the open market in
London, but the demand for that centre is not
altogether urgent.
MARKET OBSERVATION-DISCLOSURES was conspicu-
GUS in the advance in Tennessee Coal and Iron and
succeeded in bidding the stock up to u The old
story of control by United States Steel was re-
vved but indications that closer relations with
the Southern Railway form more likely basis for
the present strength. II. Content rallied Atchison
common without difficulty. taking some 5000 shares
in doing On the selling of the Hartman stocks
Atchison, ST. Paul and others by a prominent
banking interest. John W. Gates said: "I don't
who is selling. 1 know where the stocks are
coming from, because am buying. and l am buy
ing them because they are going up
UNITED STATES RUBBER COMPANY-Re-
ports received by the United States Rubber Com
pany indicate that stocks in the hands of jobbers
and retailers very small. This condition
is reflected in the large amount of new orders
placed for the coming year. Some of the sub-com-
panies of the United States Rubber COMPANY have
already booked sufficient orders to keep their
plants in operation well into next winter.
INTERNATIONAL POWER.-It is announced
that shares enough to constitute controlling inter
Company have been taken over by the Interna
uonal Power Company. and that the net earnings
of the Alabama Consolidated common stock which
are now said to be of the value of about 20 per
cent If applied to dividends would give to the In
ternational Power Company sufficient income TO
over per cent its S. 100000 outstanding COM
mon stock. The payment of the per cent divi-
dend declared by the International Power Com
pany yesterday on the preferred stock will Iioui-
date the accumulated dividends on that issua nm
n hat
on the stock only per back dividends II
is understood that this amount will be declared
within a few months bringing the payments un
to date. The preferred stock is entitled to per
cent cumulative dividends
UNITED STATES REALTY DIVIDEND RI
MORS-lt has been rumored in connection with the
strength recently of United States Realty and I'M
provement stock that initial dividend is TO be de-
clared on the new security in tho near future II
has been understood for some time that the earn
ings of the company were sufficiently large Il, war
rant this action. and that probably will be taken
early this spring. director says however that
SO far meeting for this purpose has not been
called
GOLD Notwithstanding, Thamann a Co
engaged 100000 gold bars for shipment 20 paris
TOMORROW. This brings the total gold exDorfz since
October 2 last up to $50 100000 OF This anorn+
ss0OOOo was for South America and SO 75o coo for
Cuba.
BROOKLYN RAPID TRANsIT-Tbe ,pdaru.r,,
Ing syndicate which took the last block of ZOO OoO
convertible bonds from Brooklyn Rapia Transit no.
disposed OF all OF them. A knowledge of this fact
behind a good deal of the buyinp IN .h ~
past. especially as the increase in earnings a. -,
greater proportionately than that in fixed cbarsaS
MISSOURI KANSAS AND TEXAS s-Farn,ra - -
the Missouri kansas and Texas for the Iast 49,,
in January show an increase OF sl4s62 ror ~
month there was n decrease OF ss766s ana So,
July an Increase of 81. .239. .3l3 'n
ANTHRACITE PRODUCTIoN.-The produc,,ou
of anthracite coal in January. 1905. was aes ~
tons. against 41s4.245 tons In January. 1904
QUARTERLY DIVIDEND-A quarterlv di,,ta j,
OF "a per cent has been declared by the hoard .,