New-York tribune., 1905-04-13
WHEAT.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
5000 shares in the local market. buying $500
balance. In London British cOnsols were steady
and the general market was firm. There was an In
creased demand for the copper securities.
MISSOURI, KANSAS AND TEXAS-It is under
stood that it is proposed issue $40 10000 of de-
benture bonds to provide for improvements. etc,
the issue Of which will release earnings for the
stock. The Missouri. Kansas and Texas is now
controlled in Holland. and the Dutch holders Of the
stock are demanding dividends. especially as the
road Is earning at the of about per cent upon
its preferred stock Under the Rockefeller regime
II was the policy to put back in the property all
earnings and the result Of this policy was 10 place
western road. 1t is a system of three thousand
miles, with the main line well ballasted and laid
with heavy steel rails. When Mr. Rouse. who has
been the moving spirit In the Missouri. Kansas and
Texas. decided 10 go abroad upon a long vacation
he resigned as president and was elected chairman
OF the board Of directors 1t is understood that Mr.
Rouse will again assume the presidency and active
management Of the property, and that stockholders
hereafter will receive dividends
DUN'S INDEX NUMBER-Dun's Index Number
OF commodity prices proportioned to consumption
was sS9.2S April l. against s1O1 939 March /
and N024s2 a year previous The decline during the
month OF March seasonable event. accel-
Grated by the sudden rise in temperature which
increased the production of eggs and other food
stuffs Of the dairy and garden class In addition q
bright outlook for the new crop OF farm staples
depressed market values of grain. and the usual
spring discount for anthracite became effective
The net decline in all commodities. giving eacn its
relative position of Importance. 81 per for
the month. while in articles Of food which comprise
about onehalf of the total, the fall amounted TO 41
per cent. One gratifying feature of the March rec
ord was the entire absence Of imitation quotations
xor iron and steel products. Notwithstanding the
rapid Improvement in volume of business. This
evidence of conservatism by the leading producer
will do much to maintain stability in the market
and promises continued operation of furnaces and
mills at maximum capacity.
SECURITIES LLSTED.-The following securities
have been added to the Stock Exchange list: United
Fruit Company 81 5O3OO0 additional capital stock;
81 COO 900 additional general mortgage AZ per cent
bonds of 1892 Of the Chesapeake and Ohio Railway
Company; s2,ssOOOO first mortgage guaranteed 5 per
cent bonds Of 1915 of the Ozark and Cherokee Cen
trail Railway Company; S1OOOOOOO additional 4 per
cent bonds OF 1929 of the American Telephone and
Telegraph Company; $2,347OOO additional Pittsburg
Lake Erie and West Virginia system rcfuuding
mortgage per cent bonds of 1871 Of the Baltim ore
and Ohio Railroad Company; $6.2O0OOO additional
common stock of the Colorado Fuel and Iron Com
pany: ST. 10000 additional refunding mortgage 4 per
cent bonds OF the Brooklyn Rapid Transit Com
pany; S2S7s0O first mortgage collateral trust per
cent bonds of the Colorado Industrial Company;
100000 consolidated mortgage per cent converti-
BILE bonds OF the International Paper Company;
s6eSo70O preferred stock and $s527OO common stock
Of the Eastman Kodak Company. and Sc $4,000 con.
solidated mortgage per cent bonds OF the Havana
Electric Railway Company
BIG FOUR" TO INCREASE CAP1TAIA-The
directors Of the Cleveland Cincinnati Chicago ana
81 Louis Railway Company have recommended an
increase IN the capital stock Of $11 10000 The
new issue will be entirely stock and S. 6OO-
900 will be offered to stockholders at par to the
tent Of 20 per cent of their respective holdings on
April O. The proceeds of the S5.60O000 to be
used to pay for improvements of various kinds and
not for the acquisition of other properties. The
remaining S5.7OOOOO Of the proposed new stock will
be retired IN the cOmpanys treasury. 20 be issued
at future dates as needed by the company. The
proposed increase OF SUI 100000 will make the total
issue OF common stock s4OOo00oO. At present It Is
s2S 10000
SOUTHERN RAILWAY.-Announcemen is made
by Samuel Spencer president OF the Southern Rail-
way Company OF appointments IN the legal de-
partment, effective April 10 as follows: Francis
Lynde stetson general charge. as heretofore, OF
the law department OF the company; Alfred =.
Thoun general counsel az Washington; Colonel
WILLIAM A Henderson, gsaeEl solicitor, Knoxville