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

FOREIGN TRADING.-Foreign houses were not
active factors in the local market. In London
trading quiet and prices were generally firm
Money was easy and no immediate advance Was
looked for.
IRON AND sTEEL-A prominent P1ttsburg
steel manufacturer saysi
The outlook a9 The st sss srt rsds ss bsa = bright but It
spring The railroads are once IN the market,
% e aRa yeas ss Is 8 wS wS sSs0 Ss very as
one in the steel trade but DO not not believe ;s that that
% witnessed four years sO 9n SsSge het @ s61Ss pGes
months and there is no question but that the price
OF steel rails wiz remain UNCHANGED: Inc general
business is ia sight.
THE sEABoARD AIR LINE sITUATIoN-In
response TO numerous inquiries addressed 10 Laden
burg, ThalnaAn g. Co. regarding their attitude on
6eaboard Air Line Railway matters. Ernst Thai
mann etates that all the members OF the board
OF directors including himself. engaged in
devising a plan which will be equitable and sat
asfactOry TO all the stockholders OF the railway
and which win provide ways and means for the
permanent financing OF the road; that as soon as
such a plan has been satisfactorily evolved
proper announcement thereof viii be made; but
that before the terms OF such a plan have been
agreed upon by the board Of directors it would
be unjust wen unwise TO discuss its details.
BONDS IN lSOL-Fisk & Robinson say:
AT she opening of the year 1904 the market for
confidence was easily observable AS the year
snG JsPsn the destrGctive fire in Batmore and
The great SPECULATION % IN eetton and other com;
an unfayorable influence upon prices. The issue
-lotes gIaranteed by the Pennsviyyenfaa Rauroad
ampany. was also interpreted unfavsrRbly for a
saie7snt can't of the ehaage in Sentiment that later
uneasiness and were readily absorbed. Perhaps
sne most important factor in changing sentiment
s2rly in the year was the successful sale by the
city OF New-hork in May last OF S37,O000O0 Of it's
slS per cent bonds, which gave a decided impetus
cerying strength OF the situation and the absorb
n character of the securities successfuIy placed
Sg @ th9 gea5 IN 9fcHdg as they DO bonds Of
our own large eastern municipalities and of our
indicates the position we have attained IN the IN,
the yea @ is Viewed me H t6e me OF
with a feeling of confidence. Crops OF cotton and
OF most cereals have been abundant 1t is esti-
mated that the total farm value of the principal
eIoLs or me country excluding cotton VIII amount
ano 6hat the value of the cotton crop viii exceed
gSp sgegSi 6shsI Jbere has been decided revival in
yee Iron and stee trade railroad earnings are IN
ereasing and legitimate enterprise is now finding
eneouTa cement from capital to a greater extent
@ then since 1901 II is significant that a recent
fe5npotay disturbance In the stock market had no
tnfuence upon the prices Of investment bonds and
look FOR continuance OF these oondtions ana we
well secured issues -' --'Aue Al
THE COTTON OBSERVATION-DISCLOSURES % .rrbo
slnAncial Chronicle" the total receipts OF cotton
FOR the week ending December 80 reached 225 Isl
bales. against o059 week and SEQ AT the pre
~ elous week making the total receipts since the
September !. 1904, 5.szA4 bales against 52ss-
oS Tor the same period Of 1903 showing an increase
since September l, 1904 OF $50 47s bales Renorts
rom the South indicate that rain has been ouite
general oof1ng the week. ana that in portions OF
%rkarlsas mississippi. Louisiana Tennessee the
precipitation has been heavy. Marketing has been
on Eraaller scale. and reports indicate a disposi-
uon al number OF points to hold cotton back
CANADIAN PACIFIC'S DVIDEND-It was re-
ported yesterday that its next dividend period
Canadian Pacific would declare per cent extra 70
TIE old stockholders. The stock Il now q regular
per cent issue. but the stock recently ISSUED
VIII not receive dividends until the fall Recent
buying OF the stock has been for the aooount ~
substantial Montreal and New-Tork interasts Ca
ble dispatches indicate u growing inquiry for tho
1ssue IA London
ANAcoNDAs SILVER PRoDUcTIoN-rt &,
ssio thet the Anaconda management expects To add
at lesst 10000 to its income IN the new v.sr
through its sale OF silver from it's mines While
tha Anaconda is OF the greatest copper produc-
ing mines IN the world IL also has large output OF
silver. which been benefited by the current ad-
vance IN the price OF the metal
PIG IRON CERTIFICATES AT PRODUCE Ex-
cEANGE-Hlg iron certificates at the New-York
Produce Exchange to-day were unchanged TO a
shade lower. The only sale 800 tons Febru-
a-y. Prices fOllowi Cash and December al: Janu-
airy. 17as7 20; February 81 3oGz7 50: March SIT So3
81 s.; April 81; May, si7gF17 s June SIS soasl7 80:
July N6 bGS7 -
BANK CLEARINGS-Ths total bank clearings
of al the clearing houses OF the United States for
the week ended December 81 were k2osLTE.4 $50
against ssJ57sslS in the preceding week and g.
etSz1s.st go the corresponding week last year.
WIRE PRODUCTS TO BE ADVANCED.-An ad-
vance IN the prioe OF wire and wire products by
Shs lesding producers VIII be made this week The
demand continues in such volume that deliveries
az the present schedule not guaranteed beyond
thirty dayE-
COLORADO FUEL AND IRoN-ye Is understood
that the financial reorganization plan Of the Colo
rn6o Fuel and Iron Company VIII be completed in
abe o01rse OF the next month.