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

FOREIGN TRADING-Foreign houses dealt In
600 shares in the local market, selling DOOO on
balance. In the London market government bonds
were firm and the copper shares were decidedly
strong. Excellent buying of the minor Canadian
securities reported. Paris sold the KaHirs-
American stocks in London made no response 20
the United States Steel report There was no
change of Importance in the foreign money markets
AMERICAN CAR AND FOUNDRY-American
Car and Foundry has sent preferred stockholders
a statement OF earnings with the dividend checks
covering the quarter ended November 80. 1904 The
net earnings the quarter amounting to S5S96S3.
were published in The Tribune January I. The
dividend on the preferred stock for the quarter
required S525.OOO The total surplus February l.
not including the earnings for December and Janu-
ary amounted to $11,9S2.4S7
CANADIAN PACIFIC-The Canadian Pacific
Railroad has just completed the purchase of the
Esquimat and Nanaimo Railway. which connects
Victoria B. c.. with Wellington and Nanaimo.
seventy-sz miles distant. and is the only of
access to the city from the portion of the
island. The road owned by James Dunsmuir,
and has land grants of 100 600 acres including all
mineral rights. besides a charter for an extension
the other end of Vancouver Island, which carries
subsidy Of 5000 a mile from tho Dominion gov
ernment In the distribution Of the Indian reserve
this year the road will obtain 1914 acres of land in
the very heart Of the city.
BALTIMORE AND OHIO REGULAR DIvI-
DENDS-The directors of the Baltimore and Ohio
have declared the regular semi-annual dividend
rate on the preferred The following statement has
been issued by the board:
The net earnings of the company for the period
stock dividend showed surplus equal to 51s per
been made about increasing the dividend but the
executive committee recommended the payment OF
per cent. deciding it would be more conservative
await the earnings of the entire fiscal year be
fore agreeing on any Increase
sEABOARD REORGANIZATION EFFECTIVE
The plan for the reorganization Of the Seaboard
Air Line Railway Company has been declared
effective by the committee. than
jority in of the shares. other than those
held in the treasury of each class OF stock has
assented to the plan for the consolidation of the
Atlanta and Birmingham Air Line Railway, the
Seaboard and Roanoke Railroad and he Seaboard
Air Line Railway companies. Holders Of certih-
Gates who have not yet deposited may do so not
later than February 10. After that date the COM
mttee reserves the right to refuse to receive such
deposits
PIG IRON CERTIFICATES AT PRODUCE .EX-
CHANGE-Pig iron certificates at the Newly orII
Produce Exchange opened featureless There were
no sales Quotations follow: February. A6 so
asked March SIG so asked; April and May. SIG 50q
SIG 70: June SIG 90; July. SIC so. No business
done on the second calL The bid prices were
lower Closing quotations follow February, SIC so
asked N arch SIS 8OS16 60; April SIG SOlf$6 49, May
SIG 5OGss % SIC 60 asked: July. s6 so asked
NlcN-YORK . CENTRAL NOTES PROVIDED
FORT WAS announced authoritatvely yesterday,
with regard to the payment OF the notes sold by
the New York Central Railroad Company in 1893,
which will fall due about the middle Of February.
and which to about 100000. that provision
has already been made for meeting them. No
financing is necessary and the money for their
payment is already in bank.
800" EARNINGS MISUNDERSTANDING of
the Minneapolis, St Paul ana Sault Ste Marie for
the month OF December make a most satisfactory
showing gross amounting to s73576l, compared with
S53l 9S2 in the month year ago Net earn
ings S62o6 against SID. $50 December 1903
From July gross earnings have Increased S634 SgI
and net earnings SSS6.7u
REPUBLIC OF CUBA PER CENT BONDS
READY.-5peyer s. Co. give notice that they are
prepared to deliver the Republic OF Cuba per cen
bonds surrender OF their temporary certificates
Application has been made list the bonds on m
New-Yorl Stock Exchange.
COPPER EXPoRTS.-Exports OF copper for the
month OF January 1s.69i tons against % o.5
tons in the month in 1901 and 1Oi7S tons n
the same month in 1868.
APPLICATION TO LISr.-Applcation has baan
made to the Stock Exchange to list Sl69ooOoo addi-
tional ordinary stock OF the Canadian Pacific Rail-
road Company.