New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-26
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
upward OF 600 shares in the local market buying
5000 balance In London prices for government
bonds and home rails were irregular. without I'M
portant feature. except the copper stocks which
were among the few strong issues. The Bank OF
England made change IN its minimum rate OF
discount, while there no important change In
the open market rates in London and the Cont.
mental financial centres
THE PRICE OF COPPER According to cable
dispatches from prominent in the copper trade
in London. It is believed that the price of the metal
will soon advance to II cents pound. The demand
for copper ic increasing rapidly both IN this coun-
try and abroad. reflection of which is presented
by the accumulation OF copper shares In the home
and foreign markets. In yesterdays stock market
some easily frightened holders of Amalgamated
threw over their stock on the strength of Mr. Law
sons funny statement that he would sell 800 900
shares OF this stock at Il o'clock 1t is absurd for
any one to believe that Mr.. Lawson ever owned
100000 shares of Copper. while matter of fact
1t was reported in trustworthy circles yesterday
that he was actually short Of the issue.
CHESAPEAKE AND OHIO-It is renorted IN
we'll informed quarters that the dividend on Chesa-
peake and Ohio will be advanced TO a higher
rate, owing to the Improvement In the company's
earnings and the excellent outlook for large traffic
receipts in the next twelve months In the first
two months OF the fiscal year the companys gross
earnings were at the rate OF nearly 81 100000 for
the year, net earnings at the of over s. so 600
and surplus over all charges the rate OF 81 900
II IS interesting 10 lnaJ IN the last ten
the companys gross earnings have risen from
100000 in 1894 to ss2e525 for the sc; year ended
June 80. 1864 In the same time net earnings have
increased from 81. 10000 to Sc Jl43S5
MINNEAPOLIS. ST. PAUL AND SAULT STE
MARKELL is understood that In connection with
the bull campaign in Canadian Pacific stock the
500" shares will move toward higher lever under
the influence of buying for the account of inter
ests who are identified with the upward movement
In Canadian Pacific. At least this Is the gossn
which from we'll informed quarters The
Minneapolis ST. Paul and Sault Ste. Marie is CON
trolied by the Canadian Pacific. and as a conse-
quence there is little OF the stock available for
speculative and Investment purposes. the greater
part Of the issue being locked up in the Canadian
Pacic's treasury. The opening Of the company's
Winnipeg extension has increased its already heavy
traffic and officers OF the company looking for
ward to year OF great traffic results.
MISSOURI. KANSAS AND TEXAS-Earnlngs of
the Missouri. Kansas and Texas for the third week
IN November show n gain of sil.s54 making from
July "A gnin CT 1856 1877. comparison being made
with the same period a year ago. Earnings of this
company have shown almost unbroken record
OF increases in the weekly reports since the first
OF the fiscal year and there is every reason 10 look
forward 20 even better results In the rest OF the
year owing to the big corn traffic which soon will
begin 10 move more actively and to the Increase I'm
population and the extension general Industrial
activity In the country served by the companvs
lines I; Is generally assumed that the preferred
stock will be placed n dividend basis next year
Accumulation for foreign account continues a feat
ure of the trading in the common issue
STEEL AND IRON CoNDITIoNs.-Consume