New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-29
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
upward of 0oe0 shares in the local market, OF
which over 5000 shares were sales The chief pur-
chases were in Rock Island and Steel common,
while most of the rest of the international list
sold. In London japanese bonds were strong.
while British consols weak. The general
market was without important feature. except the
Kafir issues. Money in fair demand, but
there change in the discount rate. The
price % bar gold was lower in London. while Paris
exchange and Berlin exchange on London advanced
The Kaffr stocks again actively dealt in
the London Exchange, and. according to cable
dispatches much higher prices were predicted
MONTREAL. AND BOSTON. - Activity and
strength in Montreal and Boston stock fore
shadow it is understood. important developments
affecting the future of the property. Dealings in
the issue in yesterdays curb market were heavy.
purchases being made for the account of sub
stantiai interests, and II reported trust
worthy authority that some of the buyers were
people actively identified with the company.
MERCANTILE MARINE.-It is reported that the
underwriting syndicate which holds 100000 Of the
~ per cent bonds OF the international Mercantile
Marine Company Will in the year make efforts
TO bring about more active general market for
the issues. The present plan contemplates the
dissolution OF the underwriting syndicate and the
distribution of the securities which It holds The
prospects Of the company are much brighter than
they yesr ago. and the outlook for earnings
Is most promising. At various times there has
been a quiet accumulation of the stocks OF the
company.
500" EARNINGS IECREASE.-Earnings Of the
MINNEAPOLIS St. Paul and Sault Ste. Marie for the
third week in November show the large increase of
ss63s3 making from July n gain OF s2s5 0s4. The
increase for the week IS 2sS per cent. compared
with the same time a year ago, and the fact that
the report does not cover the roads mileage
OF the Winnipeg extension makes the showing all
the more remarkable. The first regular through
passenger train the extension left St. Paul for
winnipeg on the 2ist. The growth of Winnipeg
l,lz
the last few years instance Of which is found in
the report OF new buildings erected in Winnipeg 81
far in the current year. over 1900 new buildings
have been put up. involving cost OF over 100000.
CHICAGO GREAT WESTERN.-According TO
Street opinion the control OF the Chicago Great
Western has already pc ssed another company
through the purchase OF preferred and debenture
stocks The common stock opened strong in yes
terday's market but declined the theory that il
The control rad passed the common stock would no
longer be e factor in the market
LONDON PAPER BULLISH.-"The London
Times" IL its edition of yesterday states in it's
financial article that believes there is excellent
reason for the current upward movement in Ameri-
securities. and that the advance in prices has
been due legitimate conditions rather than TO
pure speculation and manipulation.
LACKAWANNA DIYIDEND.-It is said that tn.
directors Of the Delaware, I2ckawanna and West
ern favor an increase in the dividend rate Oh the
stock from lk per cent 10 ~ per cent quarterly
IL is also said that in addition TO an increase in
The dividend. stock bonus is under consideration
KUHN. LOEB e. co. GET CLEVELAND AND
PITTSBURG STOCK AWARD-The Pennsyvania
Railroad Ia. awarded to Kuhn. Loeb & Co. the