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

569 4s7 and the shares covered by similar agree
ments amount to 1916. making aggregate of
5774ss, of 62sS2S outstanding being over 20 per
cent.
CANADIAN PAcIFTc-Traders who sold Cana
dian Pacific stock short against the recent issue of
new stock are finding difficulty in their present
position while it IS quite likely that the general
short interest the stock which is large, will have
considerable trouble before the bull movement in
the stock comes to end. IT was reported yes
terday in well informed quarters that In May the
directors of the company might declare an extra
dividend holders of the old stock from the sur
plus the companys real estate fund It is under
stood that the company will strictly obey the order
of the Canadian Railway Commission that there
should be no discrimination in freight rates as
between fir and cedar lumber from the Pacific
Coast to Manitoba and points beyond The rates
on fir have been less than those on cedar 1t is
said the Canadian Pacific will not abandon its
contention that the government has not the right
to interfere with main line till such time
the company has paid 10 per cent on its common
stock
ONTARIO AND WEsTERN.-It is reported that
instead of dividend guarantee and lease of the
Ontario and Western, an entirely different DISPOSE
ton may be made of the property, involving the
purchase of all the minority stock. This DISPOSE
ton would be the turning by the New-York.
New-Haven and Hartford of the railroad lines of
the Ontario and Western to the New-York Central.
while retaining the coal lands for its own pur-
poses.
INTERNATIONAL MERCANTILE MARINE
Inc HfSC OF the separate companies OF the
steamship combination to report operations for
1904 is the National. It's profit and loss account
for the year shows debit balance of fSO,7OS of
which f19 725 represents depreciations written off
and $3.50 interest paid. Including the debit bal
Of f5O224 brought forward from 1903. the profit
and loss account shows q debit of ESQ 9S2 at the
close of 1904.
AMERICAN GRASS TWINE.-A representative
Of the American Grass Irvine Company says:
The new interests Of the American Grass Irvine
Company are doing everything possible to place
accomplished great deal in this respect in the last
the undesirable employees. and paying off bad
debts and have rid the old company of contracts
company has better future before it than it ever
had, and through conservative manasement we ex-
pecu to have the company on paying basis within
a reasonable length of time.
PIG IRON CERTIFICATES AT PRODUCE Elk
CHANGE.-Pig iron certificates at the New-York
Produce Exchange opened dull and irregular.
low: Cash. SIG 50as17; March, SIG 6OaS6 80; April
SIC 65Q$17; May. June and July SIG 6OQs17. Closing
prices follow: March, SIG 5OQS16 so: April and May
SIG 6GaSl6 90; June and July, ST asked.
MAY TAKE UP CHICAGO AND EASTERN
ILLINOIS CERTIFICATEs.-The strength in ST.
Louis and San Francisco Chicago and Eastern IL
linois certificates was due to the reported inten-
ton Of the St Louis and San Francisco Company
to take up the certificates and give in payment
therefor go in per collateral trust bonds Sc
cured by the stock Of the Chicago and Eastern IL
linois Railroad Company If this is done the GER
ufcates should be easily worth 225
STOCK EXCHANGE NEUTRALITY-SUSPICIOUS. P EoI-
ran. W. A BeIden and Ashton c. Lawrence were
admitted as members of the Stock Exchange yester-
day.
NORTH AMERICAN INCREASES STOCK
The stockholders of the North American Company
have voted TO increase the capital stock from ST.
100000 to s30.000O00 in accordance with the recon-
mendation of the board of directors.