New-York tribune., 1904-10-18
WALL STREET AND EXCHANGES.

FOREIGN TRADINCi.-Foreisn houses dealt in
over fifty thousand shares In the local market.
most Of which were purchases. In London secUri-
ties in general strong and higher especial
strength being shown In the American department
The price of gold was higher and discounts were
hrmer.
CANADIAN PACIFIC.-Therc is good demand
for Canadian Pacific rights on the curb quota
tions for which advanced 10 57sc yesterday closing
5aa Under the terms Of the new stock issue the
proportion of stock is % per cent upon exist
Ing holdings which IS equal n large bonus. the
value Of which IS apparently appreciated by careful
market followers. The stock will not sell "ex-
rights until October T. Since Jrne 1901 there has
been no change I'm the company's mortgage debt.
but there has been an increase in the amount OF
debenture stocks and share capital OF over sr-
c09oo. This IS not large Increase IN view Of the
fact that In the last three years 100 miles Of rail-
way have been added 20 tho system. while 200 miles
moro have practically been completed In three
years. while the mileage has increased over 10 Per
cont there has been increase in gross earnings
OF about 80 per cent and i'm net earnings an in
crease Of over rs per cent
PROSPERITY ON THE 500 Thomas Lowry
president Of tho 500" and the Twin CITY RarIi
transit companies. says that conditions in the
northwest are most gratifying. Wholesale and re-
tail trade is good He says that the consensus OF
opinion In The Northwest IS that this years corn
crop VIII he one of the best in the history Of the
country. Track laying on the Winnipeg extension
or The 500 road IS being carried on at the rate OF
two and half miles a day. and will be cor,DIered
about November I. This extension VIII be very
valuable addition 10 the 800" system
NORFOLK AND WESTERN BONDS brown
Brothers * Co. announce that the entire block oc
S'"c"0 Norfolk and Western per cent bonds pur-
chased 10y them last week have been sold
DIES MONIES AND FORT DODGE BONDS -
The SSti-.0o0 bonds Of the Des Moines and Fort
Dodge Railroad Company, which fan due next
January viii be paid az that time by Redmond <
Co. who have purchased from the cor1panv an
equal amount Of new first mortgage 1 pcr cent
bonds. The new issue is for the exact a!noltnt os
the old bonds. and VIII bear the same rate Of IN
tcrcst.
SOUTHWESTERN RAILWAY EARNINGS IN
CREASE.-Earnings Of tho Missouri Pacific svster,
for the month of august show an increase in er,ss
OF %l'l5, and an increase in net OF S6oos2 Mis-
souri,. Kansas ana Texas earnings for the month
Of August increased S9l.25S In gross and SSoso2 in
net.
MANHATTAN TRANSIT.-Luclus T. Gibbs a
well known inventor. and tho builder of many
electric wagons and trucks operating in the streets
Of New-York has Joined the mechanical STAFF cr
the Manhattan Transit Company as mechanical
and electrical expert
SUGAR PRICES LOWER.-B. II. Howell Son <
Co and Arbuckle Brothers have lowered the price
Of refined sugars 10 points to the basis of S5c net
less per cent for cash, for fine granuated In bar
res. Tho American Suger Refining COMPANY has
not changed it's list price of 495c. net less per
cent for cash. for fine granuated in barrels The
Federal Sugar Refining Company adhered TO its
price OF SC net for fine granulated
COMPETITION FOR MEXICAN BOND ISSUE.
1t is learned that besides the group of leading
Paris banks headed by the Banque de Paris ct de4
Pays Bas and Mcssrs Blechroeder of Berlin there
is strong syndicate composed of the Speyers and
the Deutsche Bank under the leadership OF Spever
& Co, Of New-York competing for the $1,000 90
per cent Mexican government gold bonds