New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-20
WALL STREET AND EXCHANGES.

--o,z,C,- IT'D .DINC, Foreign houses dealt IN
5000 shares in the local market. nearly al pa
chases In London the general market "0
c,auv firm. the noteworthy features among the au-
roa haine IN the copper issues and IN Northern
Pacific Consols advanced and the quotations %
foreign bonds were higher The raiy IN pre-
generally coming before the settlement day. was
reearded nv the bulls encouraging feature
- 49,, s,+nat,on Money rates practically
unchanged and foreign news was favorable
MARKET GOssIP.-It was thought the Heihze
brothers were the principal influence IN the power
,nI rally IN Anaconda. 1t even succeeded in sym
nathetcallv helping the price OF Amalgenateo Cop
per. which had rather been inclined TO hang nre
even when Anaconda at its strongest Ihere
was further Boston selling OF Anlalgamated cop
per and Anaconda. A week ago no one woulu NAYS
dared to take more than a momentary posluoh On
.hs short side in the latter but there seems TO De
O hsar account now which Is being closely watched
The Standard OIL brokers in the loan crowd are
suspfciously anxious to make both stocks lend easy
There seemed be direct support from tle Nlo4-
gan brokers In United States Steel. The London
b,1vng also IN this stock important inhu-
enca ths more so II the day before
the settlement which Is not a time when london Is
disposed 10 buy stocks rule. There was quite
unusual activity In Rock Island common Huhn
Edev & CO. were able to sell 1900 shares without
materially depressing the stock OF these. Taylor
Cutting 4 Co took 10000. 1t is noteworthy that
this is one OF the few stocks which has not DE-
veIoped a weak bull account during the last week
declines The movement In Northern racine vas
stsrted by London buying The best purchases.
bo,,srar vera by Clark Dodge & Co. who took
both that stock and Great Northern preferred
They get the credit OF operating for the Hi foi-
lowing and seemed to find very little stock IN t"e
market
meeting of the New-York Clearing House Associa-
ton Yesterday the proposed amendment TO the ma
tfonaI banking act was indorsed This amendment
nrovides in effect that the surplus of a natlonaI
bank shall be considered capital stock as that
term IL employed IN Section $40 OF the act as II
removes the restriction limiting banks IN their
loans to single borrower to one-tenth or the snare
capital the law $ amended being 10 permit banks
to lend to a single borrower sum equal to one
tenth of the share capital and surplus combined
MITCHELL, MINING DIvIDEND-The dirsc-
tors Of the Mitchell Mining Company have ordered
the payment of the regular bi-monthly dividend of
per cent on March IL Books close February =
and reopen March q
UNITED VERDE.-At the annual meeting OF the
United Verde yesterday afternoon officers and di-
rectors were reelected The company is close
corporation Senator W. A. Clark being credited
with owning so per cent OF the capital stock.
GREAT NORTHERN.-Secretary Ely, OF the
Stock Exchange. has given notice that quotations
OF Great Northern subscription receipts. second
stalment. so per paid. have been discontinued
and the subscription receipts. third iustsIment 20
per cent paid. admitted to quotation.
GUGGENHEIMS BUY BINGHAM-It is said
Bingham Consolidated Mining and Smelling Com
pany are the Guggenheims, of the American Smelt-
ing and Refining Company but the disposition of
the property, whether II goes into the American
Smelling and Refining Company. the Securities
Company or a new corporation has not been an
nounced
LACLEDE GAS DIVIDEND UNCHANGED
The Laclede Gas Company has declared the regll-
lar quarterly dividend of Ia per cent payable on
March l. to the stockholders of record February
u. Hitherto the I-aclede Gas Company has closed
and opened its books, but 1t now does not do So
I'm view Of the fact that other corporations have
adopted this plan of keeping the books open
LACkAWANNA steel. COMPANY-The or
ders ON the books OF the Iac<awanna Steel Com
pany at present are larger than before i'm the
history Of the corporation When the fact IS taken
INTO consideration that the Lackawanna prscti-
cay the largest steel concern in the country out-
side the United States Steel Corporation the con-
dition of the company should serve as a good
barometer of the steel industry