New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-02

FOREIGN TRADINC.-Foreign houses dealt in
only few shares IN the local market, evenly d.
vided between sales and purchases. In London
consols closed strong at further advance of :
Foreign bonds firm and the tone was gener-
ally cheerful The volume of business was light
many Of the members Of the Stock Exchange
were absent At the oxford and Cambridge boat
race Money in fair but not rena rka Die de-
mand Indications were that it would work easier
in the present month. The Paris settlement ap-
peared to he passing or without disturbing incident
CANADA NORTHWEST LAND COMPANY
The Canadian Pacific Railroad Company owns over
one-half Of the Canada Northwest Land Company
and as the shares of the two companies have been
active in the Canadian and London markets the
following reprint from THE Financial News" Of
London. regarding the Canadian Northwest Land
Company willproye Of interest to the shareholders
II the two properties:
The preferred shares having stood at discount
the bulk Of the land sales for several years was
paid for in those shares purchasers having had the
0D;ion OF rendering these at their face value For
1901 the preferred shareholders received per cent
ana foE the next year per cent while for the two
Naturally, therefore the shares now stand at a
a dividend, but entitled to per cent after the
stand at $50 80 It has to be borne in mind how
ever that in all probability the preferred issue will
thereafter the ordinary sharsholders viii take
pany is practically an offshoot of the Canadian
Pacific Railroad and is entirely controlled bv thar
undertaking the directorates being largely identi-
cab. the Improvement in the market valuat ions of
the shares, more especially Of the ordinary issue
even though the sales of farm lands last year were
consioeranIy less than Tor he previous year. The
aEerage amount reai5ed on share and cash terms
respectively. 50 20 per 1903 and IS Ga in
cent. possess attractions though their life" Is
probably short one; but to investors who can af-
few years the ordinary shares ofer greater attrac-
uons; for in the comparatively near future the
Of
valuable estate.
BOND MARKET IN MARCH.-FIsk E Bobin-
son, in their monthly circular saw:
The railroad bond market during March has
prices have been easier. Tie undertcne however
bring into the market large volume Of fnE Nof f
investment. Conditions warrant return ~ he
summer months The feature Of CHIEF interest lle
lng the last month was the return the Eth by
of public money. The market AZ the bepinnfrr of
month though quiet had shown sone frIi %
substantial amount Of bonds fer the reduction Of
weakness. such had preceded sirniia~ tr9Hs7c
tons vas marked This condition douhIless
caused by the steady absorption OF bonds for cir
culation purposes. ana the pronounced movement
bulletin continued throughout the month Imrne-
diately after the 10Th prices again advanced and
practically recovered its quarterly interest in tbit
DAYS. In considering the advisahil'ty Of another
ton Of the United States Treasury. For tho f>cal
year 10 date Tecei; IS have amounted Ia 500 NG M
against expenditures of S42I00000 Iea wing "A iedcit
of about go Compared with the ga ne ner.od
OF the previous year. at which time thcr, was
surplus of nearly S70O.O00 the receipts are .hort
equal. but expenditures show ret increase of
about $5SC0OGCO. These figures are Of Increased i'm
terest when compared with the estimated 6cures
for the fiscal year beginning July / ncxt -Tbe
official statement OF appropriations FOR that erfnd
shows an increase Of more than $1,000 600 over the
present year.
METROPOLITAN SURETY COMPANY. - The
Metropolitan Surety Company, OF New-York CITY
with a paid capital Of S25OOOO opened for business
yesterday. The corporation is authorized to execute
bonds and undertakings guaranteeing the fidelity
Of persons holding places OF public and private
trust. officers and directors of the company are as
follows: John J. Caullet president. David Mcclure
first vice-presdent and general counsel; Andrew T
Sullivan. secretary and Frank A. Condor treas
urer. Executive committee-David Mcclure chair
man. Clinton B. Burdick, John J. Caullet, Frank A.