New-York tribune., 1905-01-26
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
e0O00 shares in the local market buying 1000 on
balance In London consols and Japanese bonds
were higher and Russian issues were steady. Rio
Tiutos and KafT1r isues were firm. There was an
easy carry-over and rates were very light The cno-
tango on American stocks was nowhere higher than
per cent ana was only per cent on Erie. Read-
ing was scarce and loaning at a backwardation
(premium) of Sd. a share. Atchison and Missouri.
Kansas and Texas were plentiful Money al
most unlendabe. Banks vanly tried to secure ga
per cent for Stock Exchange loans After the car
ry-over the markets firm but inactive.
TENNESSEE COAL AND IRON.-Samuel Spen-
GER president of the Southern Railway, will proba-
bly, become director of the Tennessee Coal and
Iron Company at the annual meeting IN May or
sooner. 1t is understood that arrangements have
been made for the Southern Railways representa-
tion in the Tennessee Coal and Iron Company
board and that the change will be announced soon.
Mr. Spencer is expected to take the place held
by II. L. Leroy. the confidential representative Of
James Henry Smith who is also director. Mr..
Leroy entered the board to I'LL the vacancy occa-
stoned by the resignation of Director Walker Percy.
1t was understood at the time that Mr. Leroy was
to temporarily. At the annual meeting of the
Tennessee Coal and Iron Company in May the
terms of Cord Meyer. 5. L. Schoonrnaker. Benja-
min F. Tracy and James 7. Woodward as direct
ors, expire. All four to be reelected.
SECURITIES LISTED.-The following securities
have been added to the Stock Exchange list: s73 coo
additional Omaha division first mortgage s15 per
cent coupon bonds Of 1911 of the Wabash Railroad
Company; $111O,o0O additional first mortgage ) per
cent coupon bonds of 1919 OF the Hudson County
Gas Company; $4,000 additional consolidated mort
gage per cent coupon bonds of 1892 of the ST.
Louis Southwestern Railway Company, S742O0 ad-
ditional general mortgage 315 per cent guaranteed
coupon bonds. Series c. of 1870. of the Erie and
Pfttsburg Railroad Company; S3,7s4.OO0 additional
unifying and refunding mortgage per cent eou-
pom bonds Of 1929. and S26ii,4H additional River
and Gulf divisions first mortgage per cent thirty
year coupon bonds Of 1888 OF the ST. Louis. Iron
Mountain and Southern Railway Company; $607 900
additional first mortgage per cent ffty-year cou-
pom bonds Of 1852 of the Western Maryland Rail-
road Company; S;5o000 additional mortgage and coll
lateral trust per cent ffty-year coupon bonds,
sub-series a. of 1919. of the Rio Grande Western
Railway Company, and S50O0.0OO refunding and ex-
tension mortgage per cent coupon bonds of 1884,
of the Lacede Gas Light Company
MERCANTILE MARINE-It is expected that the
present board of directors OF the International Mpr
camille Marine Company win be reelected at the
annual meeting. c. A. Griscom chairman of the
board, has recovered his health, and 1t is under
stood that he viii serve another term. The British
committee. composed of Sir Clinton E. Dawkins,
chairman; J. Bruce Ismay. president of the com
rany; the Right Hon. w. G.. Pirrie Henry Wild
ing and Charles F. Torrey will not be changed
Sir Clinton p. o. s Franklin and John Lee will con-
tinue to serve as vice-presidents. and the official
personnel viii be changed only in conformity with
GOLD EXPCRTS.-GoId to the amount of Sc
2ooOVO-$2,75o,t00 i'll coin and the balance in gold
bars-wil be exported to-day The shipments VIII
be divided as follows: Lazard FrereS $l,50OOC0 in
coin aud $GOo00 in bars; the National Cftv Rank
S59o'O0 IN COIN and Goldman, Sachs & Co. $75a =
0o. 1t is understood that the further eneagements
Of gold coin will be made this week. Foreign ex-
change rates a level that makes exports of
coin profitable to local shippers. TheIs is no i'm
mediate prospect OF a decline in exchange rates
PIG IRON CERTIFICATES MARKET.-Pis iron
certificates at the New-York Produce Exchange
opened inactive and practically unchanged QUO
tatlons follow; January, 1Tl0 asked: February.
March April and May 1e.501l675: June and July,
1915 asked on the second call. Trade continued
duh and prices remained unchanged Closing quo
tatons follow: January iTt0 asked; February
1s'0 asked; March 1s.50gl675; April. 1850 asked:
May lS5Oal6SO; juno and July. 1850 asked
MISSOURI PACIFIC S EARNINGS DEt-REA a sr,
--Earni SIS Of the Missouri Pacific FOR th. third
week Ia January show decrease of saooa "a
compared with the same period year sro For
the nrst three weeks of the current month arr,
ngs show loss OF Sl9of79. Compafison "a rroda
with period when earnings were unusuaIl,- beo1yg
and the decline represents temporary rnther th.-
permanent conditions affecting the companv,s hsi.
ress.
APPLICATION TO LIST.-Appleation bo. 49,
made to the Stock Exchange to list IS On Noo RE
vana Electric Railway consolidated naorteaqa : D.
cent fifty year bonds $5oO0OO0 preferred stock ana
S75O0C01 common stock; also Republic OF Cuba Sgz
OO00cC rer cent bonds Of 1904
CANADIAN PAcIFIC'S HEAVY EARNINGS
Gross earnings of the Canadian Pacific FOR the