New-York tribune., 1905-02-05
WALL STREET AND EXCHANGES.

FOREIGN TRADINC-Foreign houses were not
active factors IN the local market, buying on bal
ance. In London consols were strong. while the
general market was firm. without important feat
ure Money rates were unchanged In the foreign
capitals and the demand for gold in Paris was not
urgent
INCREASING MERGENTHALER STOCK-The
proposed increase OF the stock OF the Mergenthaer
Linotype Company from 100000 TO s50000OO Is TO
provide the company with funds for future require
rnents in the way OF extensions, Improvements, pat
terms, etc There is no intention OF issuing the
stock at once with the exception perhaps OF &
very small amount "A special meeting of the stock
holders will be held on February % TO vote the
proposition.
THE 500" LINES.-The 500 stocks, common
and preferred which is the popular of the
Minneapolis, st. Paul and Sault Ste Marie. have
had oa bic advances of late and very sagacious
capitalist has purchased 10000 shares Of the COM
mon stock and says he expects 1t sell at 80
The strength Of this property is in its small amount
Of stock mile-less than $1,000 In preferred stock
and than IS 600 in stock. The company
has SSd0o0O0 cash on deposit and proposes 800 miles
of extension west. which will intersect tie country
developed by four of the northern branches of the
Great Northern road. The company opened it's
Manitoba extension DeceT-ser 1. and cut the time
between st. Paul and Winnipeg by two hours. and
is said to have been remarkably prompt with it's
passenger trains operating a new road but built
in first class shape with eighty pound steel rails
THE COTTON MOYEMENT-Accordng to The
Financial Chronicle" the total receipts Of cotton
for the week ended February reached 14O 222 bs
against 1850 last week and 122950 the preceding
week, making the total receipts since September l.
1854, 6.6il<Z7 bales. against 61fCl6 for the same
period of lSe3-'oi. showing increase since Sep
tember l. 1so4, OF 529.751 bales. Reports from the
South indicate that The weather has been rather
cold during the week. Rain has fallen in MANY
localities, but the precipitation has been light in
the main. and in some sections there has been
snow. Farm work has been interfered with. Some
reports say that the holding of Gotten for higher
prices has restricted the movement to market
FOUNDRY IRON Eastern consumers are In the
market for about 1000 tons Of foundry iron One
large firm disposed OF about 1000 tons Friday The
market IS quiet. but producers do not 10 make
any concessions whatever IN prices. Prices for
foundry iron from 81 to s7 10, Jersey CITY
The president OF one of the largest casting con-
Germs In the country says that the demand for
cast iron ured IN construction We rk is more pro-
nounced than IL has heen in years. This is a good
indication that there viii be something doing in
the building line this year.
DAY OF BOARD MEETING CIIANGED-T
Delaware and Hudson Company has changed the
Gate for the regular meetings OF the board Of a.
rectors from the last Wednesday TO the drst
Wednesday OF each month. and has also abolished
the practice Of closing the books for the payment
Of dividends
FRISCO NoTES.-Farson. Leach &, Co are Of
fering s2.00ooa st. Louis and San Francisco seven
year u. per cent notes at So ard interest Tbey
part OF the s4550o0 issued TO refund the Arlan
sas Nalley and Western notes and FOR otker pur-
poses.
PIG IRON CERTIFICATES MARKET-Pig