New-York tribune., 1905-02-25
WALL STREET AND EXCHANGES.

FOREIGN TRADINCi.-Foreign houses dealt in
10000 shares the local market. mostly purchases.
In London consols heavy, while the japanese
bonds were also weak. At the close the general
market buoyant. Money in better de-
mand, and rates showed advancing tendency.
The fortnightly settlement passed off without dis
turbance. There movements OF Importance
the Continental bourses
CANADIAN PACIFIC.-Vice-Presi Whyte OF
the Canadian Pacific announces that the company
will build new branch line through what is known
as the Moose Mountain district in the Territories.
from the main line to the ArCola branch. Mr.
WHITE adds that the construction will start In the
early spring. and will give the Canadian Pacific
Railway a splendid system of parallel lines through
the grain growing section OF Southeastern Assni-
boia
MOVEMENT OF MONEY.-The reported move
ments OF currency this Indicate gain in cash
held by the banks OF Sols.SOO They received from
the interior T360SO0 and sent 10 the interior sS72
500 including s264S.O0 national bank notes sent
Washington for redemption. The gain from the
interior s2.sS7sOo. The total gain from the in
terror 81 9S7 800 and gold $685. SOO 1926 soo
deducting the loss by gold exports $75o.ooo and
Sub-Treasury operations s3157.SO0 IN all s2s0 go
the gain $1,0lSs0O.
RISE IN 800" STOCKS HELPS CANADIAN
PACIFIC.-In connection with the sharp advance
in Canadian Pacific yesterday attention is called to
the even moro marked advances in the 500
stocks. 81 per cent of which owned by the Ca
madam Pacific The Canadian Pacific has a valuable
In its 800" holdings not merely on the basis
of the present market prices. but also the basis
of substantial earning power OF the company. II
is understood that large holder of the 500
stocks recently received offer considera bly, above
the present market price for 100 shares Of the
preferred stock London is buying 500 common
and It is understood that the preferred will now
be taken in hand by the people who are in
terested in the common. advancing the price 200
PERE MARQUETTE-C., II. AND D. IMPROVE
NENTS.-A large amount Of money will be spent
this year Pere Marquette and Cincinnati. Ham,
tlton and Dayton present plans calling for So 4 237
The Pere Marquette. it may be recalled. leased
in January the Cincinnati. Hamilton snd Dayton
guarantee OF per the common and
per cent the preferred. There will be expended
the Cincinnati. Hamilton and Dayton 81 900
for improvements and s2745 65s for equipment on
the Pere Marquette. 81 600 coo for improvements and
s265S57 for equipment These betterments call for
seventy new engines 500 new box cars 1000 gon-
dola 100 ballast 30 cabooses $50 steel
unders for coal steel pile driver one steel
wreckng and 6550O.000 pounds OF steel. OF
this latter amount 100000 pounds will be used for
bridges and 5000 tons IN eighty-hve pound steel
rails. New depots are to be erected. and terminal
facilities in large number of cities the system
are to be increased and improved.
ENORMOUS SUBSCRIPTIONS FOR MISSOURI
PACIFIC BONDS-Over 500 900 COO in subscriptions
received for the 81 900 900 Missouri Pacific Rail
way bonds. which offered yesterday by Kuhn
Loeb & Co. here and their correspondents abroad
Inc SUBSCRIPTION list closed Immediately after
being opened at 10 o'clock yesterday morning
GRAIN EXPORTS -'Bradstreets' reports the
exports OF wheat, including -four, for the week at
sS0o2 bushels, against 5365+0 bushels last week and
.+SS bushels last year: since July l. 425Oa4D
bushels against 1O6,s46.5T bushels last year Corn
SSZ7oSl bushels. against 2SS2770 bushels last week
ana IfSoIS2 bushels last year since July a. a es
bushels. against IS. .24e 52S bushels last wear
ASSISTANT SECRETARY OF ALLIANCE
TRUST cOMPANY.-W. H. Koesch for pan,,
years with the Metropolitan Trust Company in re-
sponsiole positions and recently with the Mutual
Alliance Trust Company. has been appoInted a.
sistant secretary OF the latter company
APPLICATION TO LIST-ApnIcotfo, ho -.
made to the Stock Exchange by the Detroit Trnitad
hallway Comnany to list 81 257 Oo Of tba Ar -
cent consolidated mortgage bonds due 1892
PRESSED STEEL CAR.-Pres,ed sta.I c. -,
redeemed the 10000 per cent mortsaga roIs
standing now 100000 cut
CHANGE IN GENERAL CHEMICAL COM
PANf.-7Everett 4. Bragg. OF Chicago ba -
elected director and third vIce-pres,dent 90 ~"
Chappell, OF tie same city -
1i9ulpATIoN oF EASTERN TRUST COM