New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-FOreign houses dealt in
10000 shares in the local market. buying on bal
anee In London the fortnighty settlement be
gan yesterday, and disclosed fairly large account
open for the rise in American stocks for New-YOrk
account. There appeared. however. to have been
some reduction since the last settlement Consols
were firmer, but Russian and Japanese bonds lost
ground the uncertainties Of the naval position in
the Far East The general market was firm and
indications were that money would be plentiful for
the settlement.
ROCK ISLAND BONDS-The proceeds Of the
100000 first and refundinE bonds sold by the Rock
Island Railway will be used 10 reimburse the treas
ury for expenditures equipment about 100000,
and IN the bridge building appropriation for the
year, about S75OO0O. The company has been paying
for us new equipment in cash delivery. The
aim of the management is to keep the company
strong in working capital and the present reim-
bursement of expenditures accomplishes that aim.
The bridge appropriation viii enable the company
TO use its heaviest motive power over all the main
lines.
AMERICAN ACKNOWLEDGEMENTS of Amer
lean Locomotive preferred in yesterdays stock mar
ket was for the account of interests identified with
some Of the largest railroad companies in the
country The accumulation of both the common
and preferred in the last week has been based on
the Improvement in the business of the railway
equipment companies and the expectation of an
active business throughout the year. Locomotive
preferred is considered of the best Of the pre-
ferred industrial issues.
TO INTRODUCE ROCK ISLAND BONDS IN
GERNLANY.-The Chicago. Rock Island and Pa
cifc Railway Company has sold to Speyer & Co.
100000 of its first and refundinG mortgage gold
bonds due 1884 These bonds issued for i'm
provements and betterments and for the aCqusi-
ton of rolling stock during the current year.
1t is understood that these bonds have been resold
TO L. Speyer-E lllssen, of Frankfort-on- Main,
and the Deutsche Rank. of Berlin for official issue
and introduction in the German markets.
ST. LOUIS SOUTHWESTERN'S BIG EARN
INGS-The car movement of the St. Louis South
western Railway in the last week foreshadowed
the large increase in the weeks earnings reported
yesterday The road has entered upon period
of prosperity that means it is confidently believed.
fine earnings right along. 1t is believed in good
quarters that the preferred will go a dividend
basis at the end of this fiscal year II is entitled
to per cent It is certain that the fun dividend
will be earned and to per cent on the COM
mon
PRIVATE EXPERTS ON WINTER WHEAT
CROP.-A prominent Stock Exchange house which
has two grain experts in the West. received adj
vices from them last Saturday stating that care
full inspection of the wheat section for nearly 800
miles north Of Fort Worth, Tex, indicates that
this years crop in that section will be the largest
in nineteen years. The observations OF these ex-
perts other sections lead 10 the conclusion that
this years crop as a whole win he fully large
as indicated by the government report made pub
lie yesterday afternoon.
STANDARD ROPE REORGANIZATION PLAN.
1t IS currently stated that a reorganization plan
for the Standard Rope and Irvine Company has
been completed and has been completely under
written The plan VIII provide about 100000 new
cash. Income bonds and stocks are assessed. Re
lations with the Union Selling Company will prob
ably be severed entirely. An aggressive manage
ment is promised.
CANADIAN PACIFIC Observation-Disclosures
of the Canadian Pacific for the first week in April
show an increase of $4,000. making from July
gain of $3.50 $50 comparison being made with the
same period year ago
PERE MARQUETTE.-The Pere Marquette Rail-
road Company has applied to list on the Stock Ex-
change 100000 refundins mortgage per cent
bonds OF 1855.
FOR GOOD FRIDAY Observation-Disclosures Of
the New-York Stock Exchange have requested the
governing committee close the Exchange on Good
Friday. It will be voted on to-day.