New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-23
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
1900 shares in the local market. buying on bal
ance In London. after early weakness the mar
ket showed rallying tendency. There bet
ter tone in the Kaffr stocks, and American issues
looked if they would recover with any encour
agement from New-York 1t was reported from
Paris that the Russian government had renewed
negotiations with French fnanciers for a loan.
The matter is largely one of terms but hnancers
in London and especially the Rothschilds. believe
that pledge of peace will be necessary to
secure anything like reasonable rates.
BONDHOLDERS MAKE DEMANDS.-A COM
mittee representing the holders of Wabash de-
benture B bonds has requested the Mercantile
Trust Company to furnish it with a copy of the
accounts of the Wabash company and is con-
siderIng the ACCESSIBILITY of beginning legal action
against the road for accounting with respect
to the debenture B bonds which interest
has been paid This action of the committee fol-
lows unsatisfactory conference which the rep
resentattves of the bondholders had with the di-
rectors of the road 1t has been proposed by the
management of the road that 100000 debent-
ures be taken up with equal amount of per
cent ffty-year preference bonds. and the SIS 500 600
debenture BIS be taken up by preference bonds
drawing interest at per cent for the first two
years, per cent for three years and per cent
thereafter. Coupled with the proposal was the
further provision that the Wabash issue addi-
tional $SO.000,0O0 of the same class of bonds for
improvements. The bondhoIders however. de-
clined to accept the proposition.
PIG IRON CERTIFICATES.-Pig iron GER
tifcates at the Produce Exchange opened dull but
generally steady There no sales. Quota
tons follow: Cash, SIG 5O$17 March, SIG 50Qs6 60;
April SIG 55QS16 so; May SIC 6Oq$1s 3d. June SIG 500
ST. July. SIS COAST. On the second call business
moderately active and prices were steady.
The sales included 800 tons of March, $50 tons of
May. Closing quotations follow: March. SIC 500
S16 50: April SIG s50G 3d. May SIS 6O9s16 50; June.
SIG 70Q$17; July, SIC COAST
TO DEAL IN NEUTRALITY-SUSPICIOUS. to
cable dispatch received yesterday from Paris. ar
engagements have been completed for the organiza-
ton Of a French company for the better handling
of American securities in France The company.
which Will be called the Socete Ffnancere Franco
Americana will be organized under the auspices
of Speyer & Co. of New-York. and the Banque de
rUnion Parsienne. of Paris.
FOREIGN HOUSES ATTITUDE-In view of
the Paris settlement, which begins at the end of
next week. foreign houses are extremely conserva-
tive. The decline in Russian bonds has been
considerable. especially in ST. Petersburg, and the
expected reduction of the Rio Tinto dividend is
likely to also unfavorably influence the Paris
ket They expect however. plenty of peace talk
next week
BALTIMORE AND OHIO-Tne Baltimore and
Ohio Railroad Company has made application to
the Stock Exchange to list s2S47,OOO additional
Pittsburg. Lake Erie and West Virginia system
first refunding mortgage bonds of 1871.
MONEY FOR NEW ORLEANS-The Sub
Treasury transferred for banks $4,000 to New
Orleans. This is the first transfer on account of
the spring movement of currency to the Interior
CENTURY REALTY DIVIDEND.-The Century
Realty Company at its meeting yesterday declared
a semi-annual dividend of per cent payable July
l. and extra dividend of per cent
SECURITIES LISTED.-The following securities
have been added to the Stock Exchange list: ST.
10000 additional first mortgage per cent coupon
bonds of 1000 of the Texas and Pacific Railway
Company, $16,sOO,OOO- additional ordinary capital
stock of the Canadian Pacific Railway Company
s1OOO.OOO additional AZ per cent coupon bonds of
1921 of the Provident Loan Society of New York
s9OOOOOO additional per cent divisional first lien
Norfolk and Western Railway Company S. 2s5 600
additional first consolidated mortgage hfty-year 4
per coupon bonds of 1862 the Atlantic Coast
Line Railroad Company sS.5OO.OC0 first preferred
stock S5OOOO second preferred stock and ssl 900
common stock of the Colorado and Southern Rail-
way Company. 100000 consolidated mortgage
guaranteed per cent coupon bonds. series F. of
1858. of the Pittsburg. Cincinnati. Chicago and ST
Louis Railway Company; 5000 900 forty-year guar
anteed Sl5 per cent trust certificates series c. Of
1912, and 100000 series ID. OF 1914 of the Penn
syvania Company; 21,0lO000 non-cumulative 4 per
preferred stock and $50 100000 common stock of
the Kansas City Southern Railway Company So
0720OO first mortgage guaranteed per cent thirty
year bonds of 1885 of the Des Moines and Fort
Dodge Railroad Company. $14.64s5OO capital stock
of the Vandaiia Railroad Company and e. 600 600
Pacific Extension fifty-year per cent coupon bonds
OF 1870 OF the St Paul, Minneapolis and Manitoba
Railway Company.