New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-05

FOREIGN TRADINCf-Foreign houses dealt in
% 900 shares in the local market mostly sales. In
London the general market was rather depressed
ConsoIs were still inclined sell off and the cop
per stocks were noticeably heavy. The mining mar
ket was without feature. Money is still the donli-
ma ant factor in the London market. Nobody expects
any further advance in the bank rate, for the pres
ent at least but the revival of the Continental de-
mand for gold still makes it uncertain whether the
4 per cent rate has been effective There IS M
more gold in the open market in London, so that
further engagements for this side could only be
made bv gold coin from the bank which would
involve expenses not covered by the present rate
of exchange.
ST. LOUIS SOUTHWEsTERN.-At special
meeting stockholders Of the St Louis Southwest
ern passed resolutions as follows;
To authorize the company to guarantee principal
and interest on an issue of first mortgage per
cent ffty-year bonds of the Shreveport Bridge ana
Terminal Company not to exceed S3OV,ooO, 70 al-
thorfze the company to enter into an agreement
with the above COMPANY 1or me use % is ,56
to ratify the action of St Louis Southwestern OFF,
GERS and directors in the premises
AN EXPLANATION THAT DOES NOT EA-
PLAINTIFF Wall Street Journal says:
It is now said that banks in Chicago Cleveland
nj elsewhere sent 10 NeW-York about $6.000UJ IN
currency last week whlcn aTaEeu %" ~ the cur
renee movement, which are made up at the close
to meet the $40 5000 Rockefeller checks it Is al
legged The receipt of this money should appear
age system this money would only for one
sixth of its amount and It's receipt d9es h Str
days bank statement and the reported move
ments Of money.
GOLD IMPORT SITUATION.-A cable dispatch
from London saws that gold to the amount Of ESQ
OoO 81 $4,000 will he available in the open market
next week II is expected that New-York viii Try
to secure this but the weakening in Paris exchange
on London and the high money rate IN Berlin
made competition likely. Demand sterling IN New
York will have to decline to make exports %
America possible
CANADIAN PACIFIC NEW STOCk-At the an
nrlaI meeting Of the stockholders Of the Canadian
Pacific Railway Company yesterday a resolution
was adopted providing for the issue or $',5oo.ooo
new stock. The proceeds will be used for the pur-
chase of rolling stock. The capital stock OF the
cornpanv was increased last year from sS50oo,0oo
to sf1o 600 600 OF this authorized issue of s255oo.
600 SIG 900 600 was offered TO the stockholders at
par payable in five instruments Of 20 per cent
each The last payment on this account was due
July 81. 1905. The issue yesterday is the balance
of the SIS. 500 600 authorized year ago.
CHICAGO AND EASTERN ILLINOIS SYNDI-
CATE SUCCESSFUL syndicate formed by
J. & W Segman & Co. and Redmond & Co. TO
purchase S5.OOOOOo Chicago and Eastern Illinois
per cent refunding and Improvement bonds. offered
for sale by them this week, has been closed. This
syndicate was formed only short time ago. and
its prompt closing is good indication of the large
demand that now exists for high grade bonds.
MITCHELL. MINING COMPANY.-Directors Of
the Mitchell Mining Company, at a meeting held
their Offices No. - Wall-st., yesterday. elected
Martin s Norris a director. to succeed George A.
Fitch. who will remain assistant secretary and
continue i'm charge of the New-York Offices.
STOCK EXCHANGE NOTICE.-Secretary George
w Ely gives notice that Atchison, Topeka and
Santa Fe Railway Company warrants for subscrp-
ton second instaiment paid. for convertible per
cont bonds. have been stricken from the Stock
Exchange list
COPPER PRICES ADVANCE.-The refined cop
per market is showing exceptional strength Sales
were made yesterday to consumers at Il cents
pound. The Connecticut brass manufacturers re-
port largest volume Of business in their history
LOUISVILLE AND NASHVILLE.-The Louis
vile and Nashville Railroad Company has applied
to list on the Stock Exchange 100000 additional
unified per cent bonds of 1870.