New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-04
WALL STREET AND EXCHANGES.

FOREIGN. TRADING-Foreign houses dealt in
$1,000 shares in the local market buying 1890 on
balance In London consols were rather easier as
this is the monthly settling day in them Foreign
bonds were unchanged but there were noticeably
fewer peace rumors. The copper stocks were weak
and the Kaffr issues showed considerable iTregu-
larty Money in fair demand. but should work
easier during the week.
INTERNATIONAL. POWER AND THE MER-
GERM explanation Of the activity in Interna-
tional Power It is. said good authority that the
company will be a large beneficiary a result Of
the Southern iron and steel merger a dispatch
from Birmingham reports that the output of coal
for March by the Alabama Consolidated Coal and
Iron Company $500 tons. or at the rate of
nearly 10000 tons year. and this is being steadily
increased. 1t is also reported that contracts are
being let for the construction work and machinery
of the furnace to be built by the company
These contracts will include 5,O0O-hOrsepower
boiler plant four large blowing engines skip hoist
etc. The company has a capacity of about
10000 tons of iron. but the furnace will in
crease this to 10000 tons a year
WESTERN TRAFFIC CONDITTONS-Enormou
shipments OF corn and decidedly cheap operation of
railroads have been the feature of the week in the
West In March. 1904 every State between Chicago
ana the Rockies in the North was still within the
frost belt and no farm work had been done rp to
April This year the weather has been remark,
ably open practically all through March. The corn
movement has been from 100000 to 100000 bushels
week at primary points practically double the
movement last year. For the first time in the
year Rock Island. Atchison and Missouri Pacific
officials are cheerful All of them report the car
situation satisfactory. Northwestern lines also re-
port that conditions are bad to normal on their
lines and that they have about an equal supply of
TENNESSEE COAL AND IRON-Accordins to
the programme at present, there will be no signtd-
cant changes made in the directorate OF the Ten
nessee Coal and Iron Company at the annual meet
Ing to be held on May 2 The books viii close for
there is any EFFORT on the part Of those Who have
been accomplishing the stock to increase their hold
ing; it Will be done prior to the closing of the
60S1 st dG 20 oSe9 Hanover Bank crowd has
EASTMAN KODAK COMPANY.-The annual re-
port OF the Eastman Kodak Company states that
the surplus of SO57.7 for the year is shown after
paying per cent the preferred stock and 10 per
cent on the common. and after charging of liberal
amounts for depreciation on the various plants
In tie year profit Of $125 32S accrued the COM
pIhy upon the reazation OF certain properties pre-
Viously acquired on favorable terms through one
held rs ovaabi2 Tor ranitsI nurnnsk PiOt VII 9e
not included in the earnings.
COLORADO FUEL.-The bull talk on Colorado
Fuel appeared TO come from fairly responsible
quarters. The stock acted remarkably we'll and
in view Of the way the control is held cannot be
plentiful. The idea is that the Standard Oil in
tertst means 20 MAKE the market pay literally for
movement in Colorado Southern issues was to some
extent sympathetic as the opportunity good
for the Ha wiley pool TO mark up the price
ONTARIO AND WESTERN.-Mr. AIelIen's state
ments about Ontario and Western and the relations
between New-York Central and New Haven in con-
nection with it taken being intended to
prepare the way for the formal announcement OF
change OF ownership. with perhaps also a guaran-
tee for the minority stock as the Webb-Twombly
pool holds much of the latter
GATES PARTY ACTIvE-Charles C. Gates &
Co. took leading part in the afternoon advance
buying stocks round the and paying special
attention to Steel preferred and Union Pacific of
which they took 10000 shares each The Western
crowd seems to have definitely cast in its lot with
the bulls
MISSOURI PACIFIC.-In spite of the strength
elsewhere. traders reported that neither Missouri
Pacific nor Rock Island answered to attempts to
PIT them up. Neither seems 10 have recovered
from the unfavorabe statements for the first two
months OF the year