New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-09
5,525 Total sales.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were not
active factors in the local market. dealing In up
ward of 10000 shares. evenly divided. In London
consoIs were steady and foreign bonds We're firm.
There was very decided movement In any de-
partment and so far as American stocks were
concerned there obvious inclination 10
wait for a lead from this side. There was spe
cal feature in the exchange situation. and money
in London was easy. In spite of this the chances
are decidedly against a reduction in the bank rate
on Thursday.
THE COST OF I1IVING.-Dun,s index number
of commodity prices proportional to consumption
was SOL 9S9 on March l. against HOl.O42 month
previous and S103615 year ago. Quotations have
tended steadily upward since last July, when the
index number was S97192. II is not necessary TO
look beyond the temperature for an explanation of
the advance. cold weather and storms making it
increasingly difficult to obtain many articles of
large consumption The rise in February was less
than per cent and we'll distributed through
out the list, almost every group showing slight
advance, but the same quantities of similar prod
ucts cost 1.6 per cent more at the corresponding
date last year, so that the present level is under
last year.
CHRONICLES" FINANCIAL REVIEW
The publishers of 1.-The Financial Chronicle OF
New-York. have issued their annual. THE Finan-
cial Review 1t gives comprehensive review of
business In 1904 with comparative statistics for a
series of years; the money market, daily prices of
call loans. time loans and commercial paper for the
years; daily price of foreign exchange in
1904 and the weekly statement of the Bank of
England and the Bank OF France; the yearly ag-
gregate of mercantile failures back to 1857; the
duction of the precious metals and staples for
series of years. imports and exports since 1874,
and table of the leading exports; prices of United
States government and State securities since 1850;
monthly range of prices of railroad and miscel-
laneous bonds and stocks for five years. These and
many other statistics, conveniently arranged. make
up the contents of this useful volume.
u TIC ie
report current in Wall Street yesterday that the
interests who have been accommodating Canadian Pa
cihc are selling the stock. Indeed. it may be said
on authority that they have added to their holdings
and that they have no intention of parting with
their stock at anything like present prices. Bear
efforts 10 weaken the stock in yesterdays market
were not successful. The point is made that the
mineral land holdings of the Canadian Pacific Com
pany give the company asset the value of which
is not realized by the ordinary operator in Wall
Street. is a known fact that the mineral land
holdings of the Great Northern are of great value,
yet the mineral lands of the Canadian Pacific are
larger and more valuable than those of the Great
Northern Railway.
ANACONDAS ADVANCE-In connection with
the sharp advance in Anaconda yesterday it is ru-
mored that when the directors meet next month
for action the dividend substantial increase
in the rate will be made Attention is called TO
the excellent dividend record of this company and
the price of its stock is relatively much below
that of other copper stocks which have only a
brief dividend record. Attention is also called to
the fact that the properties of the Anaconda are
much more valuable than those of other companies
whose stocks selling considerably higher in pro-
portion.
PENNSYLVANIA TO EXPEND SS1, 600 0Oo.-The
board of directors of the Pennsylvania Railroad
Company yesterday authorized the expenditure of
$31O0oO00 for construction this year; also to
pay for new equipment for which contracts have
already been made. OF this amount between ST.
100000 and 100000 will be required complete the
SusqUehanna low grade freight line The most
important work will be the expenditure of
about 100000 TO provide water supply on the
Pittsburg division
COLONEL POPE OUT OF MONTREAL AND
BOSTON.-Colonel Pope. who has been president OF
the Montreal and Boston Mining and Smelling
Company for the last five months. has resigned
that office. His successor has not yet been elect
ed. 1t believed that this action foreshadows
the gradual withdrawal of the present manage
ment IL will be found that control OF the
property has been placed in other hands.
LEHIGH COAL AND NAVIGATION.-The Lee
high Coal and Navigation Company has sold to
Edward b. Smith & Co sl5OoOOO funding and i'm
provement mortgage per cent bonds These bonds
issued TO refund and retire 81 600 collateral
trust sia per cent bonds due September ] of this
Seat
NINETEENTH WARD BANK DIVIDEND
The Nineteenth Ward Bank yesterday declared n
quarterly dividend of 2la per cent PAYABLE March
81. The deposits of this bank have increased In tho
last year upward of 20 per cent, and its earnings
at the rate of 50 per on it's Capitalization
The bank last December declared n dividend OF 6
h.