New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-25
WALL sIS--~ AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
$1,000 shares in the local market, buying $1,000
on balance. In London thu tone of the general
market was cheerful. prices az a rule being above
the level OF the preceding day. Money was easy
and in light demand. The decline in exchange rates
in the New-York market has created the impress
sion abroad that gold will soon be moving to this
centre.
STANDARD ROPE AND TwINE INCOMES
Members of the committee representing the second
mortgage income bonds Of the Standard Rope and
Irvine Company say that the deposits of those
bonds with the Colonial Trust Company pro-
crossing satisfactorily. and the indications
that before the time for making deposits expires
on April l. a substantial majority of the bonds will
be deposited. The holders of this security should
understand that their only chance for preserving
their equity in the property is by aggregating their
bonds for their common protection and for con-
certed action. OF course the bondhoders win have
make some contribution toward preserving their
equity and rehabilitating the company, but those
who most familiar with the situation are of
the opinion that the amount of the contribution
required will not be large and substantial and
valuable security will undoubtedly be issued for.
whatever cash Is contributed. The requisite legal
steps being taken rapidly toward foreclosins
the mortgage securing the first mortgage bonds,
and If that step is taken without plan OF reor-
ganization being agreed upon between the holders
of the first and the second incomes the lien of the
last named will be wiped out. In the expectation
that this will be averted. there hs been some good
and extensive buying of the second incomes around
current prices by those who desire 20 participate
In the reorganization and who believe that by
doing so they eventually secure a substantial
profit the present investment,
WABASH DEBENTUPE BONDS-Attention
has been attracted recently to the position of the
largo block of Wabash debenture BIS accumulated
by what was known as the Butler pool and under
stood to have been carried for more than two
years by Verrnilye e Co. The dissolution of that
firm is said have fastened the disposition of the
bonds and their Judgement in new hands. According
to interests concerned in the bond market, these
bonds have all been taken up and obstacle that
they formed in the way of an adjustment of Wa
bash finances removed. IT is intmated that at an
early date an issue of new security under the
title of the St. Louis and Iron Mountain Wabash
extension bonds, will replace these and other junior
Wabash issues.
COLORADO INDUSTRIAL COMPANY.-Tte
Colorado Industrial Company has applied to list
$5 100000 thirty year first mortgage guaranteed
vertible bonds of 1894 the Stock Exchange. The
bonds to be listed those guaranteed both prn-
cpal and interest. by the Colorado Fuel and Iron
Company OF the total ISSUE $14O00Oo0 is set apart
for the holders of the outstanding dehenture bonds
under reorganization Bonds to the of
SIT 100000 are apart for the repurchases of the
properties OF Colorado Fuel and Iron pledged to the
Rockefeller-Gould syndicate for the 100000 in
cash advanced by the syndicate to Colorado Fuel
and Iron in 1903 There is reserved for retirement
of the outstanding issue of 100000 mortgage bonds
Colorado Industrial bonds. while the remaining
S. 100000 of the Industrial companys bonds are re-
served in the for the future requirements
of the company.
UNITED STATES RUBBER DIVIDEND MAY
BE INCREASED-It is reported that the United
States Rubber Company directors will at their
meeting In the last OF the month. declare an extra
dividend of per cent the preferred stock in
addition to.the regular Ia per For the current
year the company has already paid ~ per cent
he Xtr Mill the
current year equal to per cent
CURRENCY MOVEMENTS-The reported move
ments OF currency this week indicate a loss or
S,S7ll0O in cash held by the banks. They received
from the interior $.325.200 sent to the interior
%,6503 800, of which there was transferred through
the Sub-Treasury Sl50000 New-Orleans and 500 GOO
to Cincinnati and 81 national bank notes were
sent to Washington for redemption The loss to
the interior sS36.lOO The total loss TO the in
terror. SS50oo. and Sub-Treasury. s4s42oOo was
A.SH lG0 deducting the gain OF new gold Sl1Os OO
the net loss was S, LOO
GRAIN EXPORTs-"Br adstreets" reports the
exports Of wheat. including -four for the week at
1o4595 bushels, against ss5 742 last week and sol
$40 last year Since July l. &c 6S6ss bushels against
l47S2&4 last year. Corn 2s76,S36 bushes, against
SSl4n last week and 1921 SIC last year Since July
l. 55.o4S1S5 bushels, against As O6s.O5s last year
c GEAN Ut TRq NIX PACIFIC-The first issue OF
od Py the Dominion government, has been
government assisted In making the issue and the
price secured is the highest ever obtained Tor 3
per cent bond guaranteed by the Canadian gov
COLORADO FUEL AND IRoS-Tbe rtvh.s ~
Colorado Fuel and Iron. figuring the bonds at "a
and the stock at g amount TO about 7.is AS the
nnal rights must be based on the price Of stocIs
and bonds on April 3. this estimate Is ecesssTiIS
subject TO change. -
HAVANA ELECTRIC RAILwAY-The Havana
ELECTRIC Railway Company has applied 10 the New
York Stock Exchange to list S6s57,0O0 consodated
mortgage per cent bonds, IS 00oOo non-cIInauIa
mon stock. N'V'VVV S"'4-
NORTH AMERICAN.-The North American
Company has applied to list $4,000 900 addtionai
capital stock the New-York Stock EXCHANGE