New-York tribune., 1905-07-13
MINING STOCKS.
$3.50 Total sales.
WALL. STREET AND EXCHANGES

rDopE1cN TRADING-ForeIgn houses dealt IN
1900 shares In the local market, all purchases II
London the general market was steady ana
featufeIess Mining stocks better. as weak ae-
counts seemed 10 have been nquidated and consols
were steady Apart from settlement requirements
money should be easy from until the end or the
month as the subscriptions for the japanese loan
will be released and the last advance in gold checks
the French demand for that metal The inteEna~
tionaI political situation was unchanged
MARKET GOSSIP.-There was broad and free
market for Japanese 41as in spite Of the new loan
The issue is remarkably strong considering that no
new borrowing expected this year 6ohd
houses say that thorough distribution among small
investors is clearly indicated by the absence OF
selling pressure. The early break in wheat had
less market effect than might have been expected
from the bear talk crop conditions current our
ing Tuesdays reaction. Clark, Dodge & GO. were
the principal early buyers OF Atchison ana attract
ed a fair following the bull account In the STOCK
seems comparatiyeIy small. There is some traders
short interest probably nothing that could not
be covered in an active days trading. With some
thing like assurance as TO the early declaration OF
the Baltimore and Ohio dividend, and possibly also
with a very definite knowledge Of the rate to be ex-
pected Philadelphia houses were considerable
buvers of the stock IN the afternoon, and some
shorts covered.
CANADIAN PACIFIC-The Esquinlalt and
Nanai1no Railway. which was recently purchased
from the Dunsmuir interests. has been formally
taken over by the Canadian Pacific. The road runs
from Vancouver B. c., to Wellington As a result
of the transfer a million and half acres are add
ed TO the land holdings of the Canadian Pacific
and the company purposes to commence big I'M
migration campaign. The company will clear the
land and hopes to be able sell it at SO acre.
Besides adopting this vigorous land policy on Van
couver Island. the company has other ambitious
schemes, and announces it's intention TO make Vic
tora 3. c.. the biggest tourist centre in Canada.
BALTIMORE AND OHIO'S INCREASED DIvI-
DEND.-The directors of the Baltimore and Ohio
as recently predicted in The Tribune. have in
creased the dividend rate to a per cent basis on
the common stock At the meeting OF the directors
yesterday d semi-annual dividend of 21a per cent
was declared, against per cent at the last pre-
ceding dividend period. In 1900 per cent paid
on the stock and in 1901. 1902 1903 and 1904
per cent was disbursed: in March last per cent
was paid 1t was reported yesterday that some i'm
portant announcement in connection with the COM
pany would be made in a few days. This it is said.
will irrespective of the increase IN the common
dividend.
NEW-YORK EDISON.-The Stock Exchange has
listed 100000 of the first mortgage collateral trust
per cent coupon bonds. due 194S, of the New-York
Gas and Electric Light. Heat and Power Com
pany 0he New-York Edison Company. successor)
be substituted for 100000 of negotiable bonds
now making $15.OOO.OOO of said bonds listed.
SUGAR PRICES LOWER-Raw sugar is &c
lower a sale of 10000 bags centrifugal for prompt
shipment from Cuba at 24sc basis s6 test, cost and
freight which is equal to 4c duty paid basis. The
market is still somewhat uncertain at that decline
Refined sugar also declined.
APPLICATION To LIST-The Gulf and Ship
Island Railroad Company has applied to the New
York Stock Exchange to list $4,000 additional first
refunding and terminal mortgage per cent bonds
of 1852