New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-30
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
over 7o00O shares in the local market. of which
over 65 OO shares were sales. IN London there
few important changes in prices. while there
no special change in discount rates. although the
demand for money active. The fortnighty set-
Element passed off smoothly. but the contango rate
was strong Exchange at Continental centres on
London was favorable to the British capital.
CANADIAN PACIFIC'S EARNINGS.-October
earnings of the Canadian Pacific show an increase
in gross Of $255 6gs and decrease in net of sS913.
the falling off in being due to an increase in
operating expenses of S34S.611. AS the company is
earning much more than its dividend rate, 1t feels
justified in making large expenditures from earn
ings on It's property, especially as gross earnings
are increasing at an average rate Of about $4,000
q week. The Arcola branch of Canadian Pacinc
has been formally opened TO traffic and will carry
light business this fall and winter. 1t is 13 miles
long from Regina to Arcoa- From a financial
standpoint the significant thing about this line is
that 1t is merely a representative. The company
is opening counties year after year. 1t builds.
$4,000 a mile lines into traffic that Will
give the main line thousand-mile haul at good
rates, and lines that will maintain themselves at
the same time. The main line haul the grain
from this branch for instance, is much Of
bonus for Canadian Pacific. This is a sample of
the factors that enable this company, after four
years of increased earnings year by year. to n
tinue to pile I'D records of weekly increases.
TO LIST ROCK ISLAND ON LONDON EX-
CHANGE.-An application is being prepared
by the Rock Island company. at the request OF
London brokers' be presented the London
Stock Exchange for the listing of the Rock Island
stock, both preferred and common. The stock has
been dealt in for time the London curb
market, in anticipation Of its ultimate listing on
the exchange negotiations for such listing have
been under way for several months
PIG IRON CERTIFICATES AT PRODUCE EX-
CHANCELLOR the second call for pig iron GER
tifcates the New-York Produce Exchange prices
steady. There sales of 500 tons of Feb
ruary at sl7 80 Of 1e0 tons Of February al ST. a
Of 300 tons of May at 81 CO. Prices on the call
November. $l7: December. SIT 4OaSl7 s.; Janu-
airy. 81 451S-7 80: February SIT 4Ga$l7 20; March.
SIT 45$17 April SIT 1877 co; May SIT 5OaSl7 60.
July ST 40QSl7 45 Between calls there were sales
of 100 tons OF May ST 30, of 100 tons OF Nav at
SIT So and OF 100 tons of July at Sl7 So The sales
aggregated 1900
AMALCA TED.-There rumors in Boston
accompanying an advance in Amaigamated that
the Boston and Montana to declare "A dividend
OF 500 a share. This would mean s50000o from
Boston and Montana to the Amalgamated COM
pay its floating debt of 100000 due to the d-
rectoIs of the Aualgamated Copper ComDanv and
give the Amagamated a cash capital of about
S7.G00GJ, or about s. share: but the Boston ana
Montana would be relieved thereby of substantially
all its cash surplus and the other subsidiary COM
panies of the Amagamated company are not he
lieved to have any surplus assets
MERCANTILE MARINE SHARES SJvRONc
Strength in the shares of the international NJ.
camille Marine Company the curb was due ~
buying induced by the cable dispatch from Iondo,
ting that the transatlantic steamship rate war
had been finally settled Tho Cunard and White