New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-17
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt In
over $1,000 shares in the local market, mostly pur
chases In London consoIs were heavy. while the
Japanese issues were strong Russian bonds were
weak The general market steady, without
feature Foreign discount rates were unchanged,
and the Bank of England's minimum rate remained
at 21a per cent
ST. LOUIS SOUTHWEsTERNS EARNINGS
Earnings Of the St. Louis Southwestern Railway
in the current fiscal year have made handsome
gain over the corresponding period of the preceding
year. The Improvement up to March T. the latest
period for which the gross has been reported, has
amounted TO s549.AS. about 10 per cent The
gain in net from July l to January 81, the latest
period reported amounts 10 $1993S6, about 10
per cent March has opened well. the first week
showing increase of $1022O. Data reported to
the company indicate that this improvement in
business is continuing The movement shows
the following increases, as compared with 1904:
March TO- increase in cotton shipments. cars; in
In local freight So cars; increase in general
freight. 25 cars total increase of 122 cars; March
H. cotton, 81 local. 92 general TO- total 154; March
49, cotton, 81 local, $780, general 81: total, 265.
significant feature. it is obvious is the remarkable
increase in local freight indicated by the car move
nent Of the three days mentioned. The conditions
in the territory covered by the st. Louis South
western promise TO give the company the most
prosperous year in its history.
AMERICAN TELEPHONE AND TELEGRAPH.
-Ki6der. Peabody & Co, OF Boston. and Barring
Bros. & Co. Limited, of London. offering for
public subscription, at 965 and accrued interest
the balance remaining unsold Of an issue of $25-
000I000 American Telephone and Telegraph colat-
eral per cent gold bonds, dated July l. 1889 and
maturing July I. 1929. Subscription lists will be
opened on Tuesday, March 81 1865, at 10 a. m. and
closed at or before p. the date. SUBJ
scriptions in NewYork viii be received by Barring
Magoun & Co. Upon the terms OF the subscrip-
ton, $50 bond is payable upon application and
the balance upon allotment, at the subscriber
option up July /, 1905. Interests will adjusted
according TO the date of payment. Kidder, Pea
body & Co. and Barring Bros. & Co, Limited. re-
serve the right to reject reduce the omount OF
any subscriptions These bonds are part of a total
outstanding. including the above issue S53 600
By action Of the board of directors at a meeting
1 held yesterday these bonds are payable. both as
TO principal and interest. in gold CT United States
currency L is stated that OF the total issue OF
s25OOo.Oo sold TO the above named concerns in ex-
cess Of 100000 has already been disposed of and
the balance is included in the subscription previous
( ly referred to.
UNITED STATES LEATHER READJUST-
MENT.-It is officially announced that the total
number Of shares OF United States Leather pre-
ferred stock actually deposited with the Central
Trust Company. under the stockholders committee
plan of December IT, 1904, is 542.2is addition TO
which the depository holds signed agreements from
parties who absent from home for S342 shares
making aggregate of 55o5s shares out of go s23
outstanding. IS per cent. The total number
OF shares q common stock actually deposited is