New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-11
WALL STREET AND EXCHANGES.


200 shares In the local market, buying S'oOo on
balance. In London consols were firm at further
advance of Il per cent. selling at Sll2 Tor CASH
Japanese bonds firm and Russian issues were
unchanged Foreign markets are evidently looking
for peace which they consider assured if General
Kuropatkin fails to extricate his army. The gen
eral market was steady and copper stocks continue
10 show strength. Money easy In the various
European centres and is likely 10 continue So
MARKET ,GOSSIP.-Canedian Pacific advanced
early on much the same sort of buying as In the
recent past. The stock about the only one in
real demand in Thursdays loan crowd and is I'M
doubtedy scarce in this market. Traders think
that advance in Tennessee Coal and Iron Is the
last effort of the pool TO get out Some of its mem
bers pulled out selling their holdings. but weaken
ing it considerably. There is probably good deal
OF stock left which may he liquidated, the fight
for contro! has not gone the way the pool expect
ed There is good for saying there will be
no declaration of dividend in the case of Sloss-
Sheffield TO help the pool to unload its minority
holdings One OF the best of the early Influences
was the simultaneous strength of New-York Central
and St. Paul This taken in many places to in
dictate the appearance of the Standard Oil interest
in the market Other stocks indirectly connected
with that interest advanced. The advance in Big
Four and Chesapeake and Ohio in particular showed
the sympa thetic influence of New-York Central.
The advance in Chesapeake and Ohio was accom-
panied by the old report of increase of the div-
dend rate to per cent.
steel manufacturers say that improved weather
conditions are serving to relieve the traffic
gestion the railroads, which has caused serious
delay in the matter of iron and steel deliveries.
While the steel mills still far behind in their
deliveries traffic conditions expected to show
Improvement from and shipments become
more prompt in consequence. Representatives Of
the Steel Plate Association report healthy and
improved demand for steel plate. 1t Is figured that
the Pressed Steel Car Company has its books
nAn-
a good barometer of conditions they exist in
the steel plate industry. Manufacturers say they
would have more business than they could handle
If there was revival OF the shipbuiding industry
in this country. The surplus pig iron stocks OF
the entire South aggregate only 134.sS1 tons.
This is a decrease .S2.2S4 tons last November
Nearly all companies in the Alabama district are
now selling all their make or more. that the
present small surplus will be further diminished.
Last month the oss-Sheffeld Steel and Iron Com
pany sold $1,000 tons. and this month its sales will
probably be large. Tennessee Coal and Iron is
also either selling in the market using at it's
mills all its make. President T. c. Bush OF the
Alabama Consolidated Coal and Iron Company
says that the prosperity Of the Alabama iron dis
trict is beyond question. In February the COM
pany sold 1900 tons OF pig iron and to date this
month it has sold 1900 tons. or over 100 tons
day.
CINCINNATI. HAMILTON AND DAYTON
NOTES SOI-D.-The Central Trust Company has
ton Railway Company s15.oOoO0o three and one-half
wear 40 per cent gold collateral notes This issue
is made TO retire maturing obligations. and does
not increase the company's Indebtedness. The col
lateral securing the notes consists of Sl5,00OOO Gin
cinnati, Hamilton and Dayton Railway Company
AZ per cent consolidated mortgage bonds ST. T72.OOO
Cincinnati. Hamilton and Dayton preferred stock.
sS75 coo bonds Of constituent companies and 1880
shares Southwestern Construction stock, this last
representing. in connection with the Southern Rail-
IcT% ~ O.,- Gree
cent Railroad Company. The market value of the
collateral in of s2+, ZOO. 1t is under
etood that the Central Trust Company has sold
the entire issue to Redmond & CO., who will make
public issue % the bonds in the near future.
AMAIGAMATED TO MAKE A REPORT.-It is
stated as fact by those who are we'll informed on
Amalgamated Copper Company matters that
port Of the affairs and condition of the company
has been prepared. is in process Of prepara-
tion which will. in due time and probably in about
thirty days from now, be sent to the stockholders
and published generally This new departure from
a policy of silence has been brought about by the
pressure of large holders of the stock. who have
long felt that the policy pursued by the company
in not giving some information to its affairs was
unjust and unwarranted. Just how this report will
be given out is not yet determined 1t may be sent
directly by the company to it's stockholders or 1t
may be given out to some agent or banking house
but in any event, II will have the official sanction
of the Amalgamated directors.
CANADIAN PACIFIC-Canadian Pacific Rail
way solicitors make the following statement re-
garding taxation:
The entire property OF the Canadian Pacific Rail-
way. oy which is meant the entire rolling stock
property used for railway line and stations or anv
other purpose, is forever exempted from ali form
Of taxation either by the Dominion of Canada or
any or the provinces or municipalities in the Do
minion The only land owned by the company which
may be subject to any taxation is that received as
subsidy and situated m Manitoba. the territories
and British Columbia. This may be subject to taxa
ton twenty years after the patents on II have been
delivered to the company. ~
CURRENCY MovEMENT.-The reported move
ments of currency this Indicate loss of ssl2
400 In cash held oy the banks They received from,
she interior 57l00 and sent 10 the interior si Oh