New-York tribune., 1905-04-16

FOREIGN TRADING.-Fcreign houses dealt in
$4,000 shares in the local markets. buying on bal
ance. In London COnsOls were steady and some
Improvement was shown in japanese bonds. Ths
general market was quiet and developed very little
feature OF interest. Money plentiful. and eX-
cept for occasional special demands. is likely 70
continue so in London and other European centres
for the rest OF the month
NORTH AMERICAN COMPANY AFFAIRS,
The following have been elected directors Of the
North American Company: +. S. Srnithars. Of
New-York; AdOlphus Busch, Breckenridge Jones
and Charles n. Huttig, Of St. Louis. and b NOgel'
ir Of Milwaukee. These men, with the exception
Of Mr. VogeI represent the interests identified with
the United Railways Company OF ST. Louis and
other St Louis properties, control OF which has
been acquired by the North American Company, and
which will be formally taken over on April 20 The
increased capital stock OF the North American
Company listed the exchange. being Sl21oGooe.
has been paid for at par and the subscription lists
for stock have been closed well as the Oppor-
tunity to exchange stocks of acquired companies
for that or the North American Company. II was
learned yesterday that Speyer & Co have pur-
chased from the underwriters half OF the stock
Of the North American Company. recently issued
and bought by the syndicate and has option on
the balance. If the option is exercised the entire
block which Speyer & Co viii receive viii be up
ward of 10 shares The price paid is understood
10 have been something above par
CLEARING HOUSE NEUTRALITY-SUSPICIOUS. J.
Csilpn assistant manager OF the Clearing House.
and Henry z. Wallace financial editor of Brad
streets Journal have prepared brochure con-
tanning an admirable account Of the Clearing House.
This IS being issued by the American Exchange
National Bank. whose president DUmont Clarke.
is also president of the Clearing House. The bro
chure Illustrated by 100 views and portraits. ts
one OF the most complete and attractive histories
OF the Clearing House and accounts OF its meCha-
nism and statistical records that have ever been
printed IL has a special advantage of having been
prepared under the direction of one OF the officers
81 the Institution. and is therefore in a sense an
Official statement of it,
THE COTTON 0IOVEMENT-According to Tho
Financial Chronicle" the total receipts Of cotton
for the week ended April IA reached 1854 bales.
against 1S5S20 bales last week and 1892 bales the
previous week. making the total receipts since Ser
tember l. 1904 sO5274 bales, against 671.16O bales
for the period OF 1SoS-0f. showing Increase
since September l. 1901 of 12Sl59t bales. Reports
from the South indicate that the weather during
the last week has been satisfactory the greate~
part of the cotton belt. and farm work has mads
coed progress In some sections cotton planting Is
nearing completion. but in Arkansas. Louisiana aCd
Mississippi wet weather hes intorfered with work
In South Texas planting is nearly complsted and
cotton is up. but in northern sections Of the STATE
planting is backward
WESTERN PACIFIC.-It is reported that a sub
stantial block Of Western Pacific 8 per cent bonds
of 1893 will be offered in Wall Street in the i'm
mediate future. The bonds are line Under
construction from a connection with the Rio
Grande Western 10 San Francisco. under Gould
auspices, but nomnaIly independent,
NEW-YORE CENTRAIA-The New-Yor5 Cen
tra has applied to the Stock Exchange 20 list
$s00OO.0O of per cent debcnture bonds Of 19oi
These the unissued part Of the authorized issue
Of $5O000Oeo. The proceeds Will be used chiefly for
Improvement needs.
ATLANTIC COAST LINE--It is said that the
Atlantic Coast Line Company proposes TO increase
the capital stock of the company and 10 give
rights to stockholders. The dividend rate probably
viii remain unchanged.
BANK CI.EARINGS.-The total bank cearlnss
of all the clearing houses OF Jhe United states
10 rthe week ended April % S2ses .S22,5es.
against s5Ofas56.612 in the preceding week ard
St97S S0S Oa1 for the corresponding week last year