New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-FOreign houses dealt IN
5000 shares in the local market selling 5000 shares
balance. In London prices generally high
in ali departments. sentiment being favorably
influenced by the more reassurng developments in
the foreign political situation Higher for
money are expected in London. the Continental
demand for gold continues active. In Paris
change London slightly frmer In London
the Japanese new bonds were quoted at a premium
OF IA per cent.
CANADIAN PACIFIC "RIGHTS-' Canadian Pa
cifc rights quoted at GA. while the stock
is selling around 135 on this basis the quotation
represents the value of about 40 for the shares.
AS prominent interests are buying the stock. it is
believed that a better price than 40 VIII be re-
corded. Canadian Pacific crossed 40 III tho bull
market of two years ago, a time when II was a
per cent stock The current advance is more
legitimate than the upward movement two years
ago as the company has larger earning
capacity. while industrial and financial conditions
in Canada on safer foundation thah theY
were in 1872 Then K should be borne in mind that
Canadian Pacific is per cent stock return
ing on the investment over Az per cent Certain
spectators wlo recently SOLD the stock short
against the rights now not anxious to re-
mail short until the stock is a delivery, as
the possibility of heavy owners calling in the stock
that has been lent suggests chance OF big losses
to tho people who have sold stock that they did
not own. Both in the investment and speculative
position of this issue there are big possibilities
against the bears.
warrant certificates at the New-York Produce Elk
change Yesterday morning active and irregu-
lar. While months and cash We're from 10 -
points lower than the final prices of Thursday night.
distant deliveries advanced anywhere from p to So
points on an increasing demand. The sales included
100 tons of February at So 100 tons Of February
at SIG 20 and 100 OF February at SIG 75 these
figures being 80 to 40 points higher than thursday
nights final quotations, Prices on the Hrst can
were cash S6; November. SIG TO- December, Sit 400
ss January $16 5Nd$l6 50; February. SIC 1885 s.;
March SIG 7CGS6 90 April SIG 70q$l7: May. SIG 80
Sl7 July SIG 7aSlI On the second call prices con-
tirued strong \ sale of 10) tons OF April was made
Of s17. and some largo orders in the market
near :hat figure. Prices the o'clock call fol-
low. Cash $625; November. SIG e5 December.
SIG 7oa$l7 January S5 S0QSl7 February. SO SASH;
March SIG S5GAI; April $l7G$7 10; May ST 10 asked;
July. SIG 15G$7 10
r,arts Of currency tins week indicate a loss of
81 1850 in cash held by banks. They received
from the interior $47e0500 and sent 10 the interior
Sc 1000 Of which there was transferred through
the u,-Trea sury 10000 to New Orleans and $500.
600 to Chicago The total gain from the interior.
81 $50 $50; new gold $5l7lOo. and Sub Treasury.
S37 $50 was s. s45.5JO which deducted from the gold
exports Of 81 800 reduces the net loss to A555o
GRAIN Observation-Disclosures reports the
exports OF wheat including flour, for the week at
80 go bushels against 1454 276 bushels last week
and 294277 bushels last year since July 2661S0Sl
bushels against 64s76o2S bushels last year. Corn.
1919 81, bushels against l4S,O5l bushels week and
331 625 bushels last year; since July l. l0929 sol
bushels against % 50 COB bushels last year
PRODUCE EXCHANGE SEATS CONTINUE
TO ADVANCE.-A NeW-York Produce Exchange
membership was sold Yesterday at $40o. advance
Of S25 over the preceding sale and rise OF about
$50 IN the last fortnight The demand Is mostly
from dealers in iron.
ANOTHER UNITED STATES REALTY AID
JOIrRNMENT.-The meeting OF the stockholders
of the United States Realty and Construction Com