New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-01
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt in
over $1,000 shares in the local market. mostly pVr-
chases In London consoIs were steady and Rus
sian bonds rather frmer The tone throughout
was cheerful, with an active demand for the in
vestment issues. There seem to be satisfactory
indications that the Paris settlement now in
progress will pass Off without developing any IN
favorable incident There no confirmation for
the various peace rurnors current but the trend
Of the London market was considered hopeful.
Money was in good demand over the end of the
month abroad. but IS likely 20 very easy next
week.
MARKET GOSSIP OF the reasons given for
the early break was that John w. Gates and his
following were liquidating their position IN the
stock market to protect their long hoidlnss OF
wheat which were seriously threatened by the
decline in the grain Monday The story seemed
fairly consistent with the facts and has pr9oaUiy
some little truth to it. Something appears TO nave
gone wrong with the rather weak pool in the IN
dependeut steel stocks 1t is said that Hoadley 10
longer possesses the Gates support and traders
say that little pressure discloses stop loss oroe-s
ARIZONA CONSOLIDATED.-The directors Of
the Arizona Consolidated Mining Company, with
c. w Kempton. consulting engineer, leTt mere yes
terday on a tour OF inspection OF the company
various properties in Pima and Santa cruz couh-
ties Arfz The object OF the trip IS to examine ire
properties owned by the company and decide on
the size Of the mill, which, 1t Is expected WAL DC
constructed immediately and to examine proper
tics on which the company holds options.
UNITED STATES RUBBER.-A Boston report
a,s that the preferred stock of the United States
Rubber Company will be placed upon an 8 per cent
dividend basis at the meeting Of directors to be
held April G. The directors believe that the fnan-
cial condition of the company and the large earn
ings the last year and the prospective large ous-
ness this year warrant the restoration Of the per
cent dividend.
VIRGINIA-CAROLINA CTIEMICALA-Oficers Of
Virginia Carolina Chemical Company that the
decision of the Supreme Court of the United States
sustaining the Texas antitrust law, will have no
material effect on their company. notwithstanding
that the Southern Cotton Oil Company. subordi-
nate concern IS among those aimed at by the deci-
sion. The effect however. Will be small TO be
hardly worthy of consideration.
ATCHIsON. TOPEKA AND SANTA FE-The
increase Of $4,000 in Atchisons operating expenses
for January in the face of gross earnings practi-
caIy unchanged arises from the fact that perrna-
nent repairs of flood damage caused earlier in the
year still being mad. Temporary repairs fig
ured heavily in the fall months. these are now
being followed by work Of permanent char
acter. distributed over succeeding months.
REGULAR SUGAR DIvIDENDS-The American
Sugar Refining directors have declared the regular
quarterly dividends of ia per cent the preferred
and common stocks.
NETWORK TRUST COMPANY-The New
York Security and Trust Company. of No. 26 Broad
st, which some months ago consolidated with the
Continental Trust Company, with a capital of
$3O000C0 and surplus OF 100000 will. after to-
day, be known the New-York Trust Company
FRIES EARNINGS I91PROVE.-Earnings of the
Erie Railroad Company for January show an in
crease in gross of $204S1 and increase in net of
1927 12L From July gross earnings have increased
$a26.2H and net earnings have increased $S7e6s6.