New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-12


division Three. Pacific style. which has three sets
~ drivers and two trailing wheels and weighing
aO coo hounds have also been ordered for passenger
service Thirty-fve hundred steel under1Talhe OcA
cars Of $1,000 pounds capacity are being puIlI III
addition to 100 fifty fat bottom single hopper
f-ondoIas and loo self-clearing fifty ton oouDie
hoppers. ,r,
TIE COTTON MOVEMENT.-Accordingt 10 Inc
Financial Chronicle the total receipts or Gottoh
for the week ending March 10 reached 1865 bales
against l52 472 last week and 1Oo95O the previous
week making the total receipts since September
L 1901 7ls26S5 bales against 65l3,654 for the same
period OF 1SO3-'O4. showing increase since Sep
TENDER / 1904 Of 67S,9S1 bales. Reports from the
South indicate that rain has been quite general
during the week. Along the Atlantic and Eastern
Gulf sections the rainfall has been Light, as d
rule bat elsewhere the precipitation has been
heavier and at points rather excessive. Where
the weather has permitted good progress with farm
work has been made. but in a number OF districts
little or nothing could be done On the whole,
preparations for the next crop are very backward
CANADIAN PACIFIC EARNINGS.-Earnings Of
the Canadian Pacific for the first week in March
showed an increase of $4,000. making from July
a gain OF $.&SOOO. Detailed reports received by
tho board Of directors Of the Canadian Pacific Rail
way show that, for the first time in twelve months
the land sales III the three Territories in the north
west during February showed increase over the
corresponding period last year. In Manitoba there
was a slight decrease, but there also big adj
vance in the sale of town lots in Vancouver. In
the TerTitpries the sales were as follows: In the
district Of Assiniboia, 1906 e,9T acres for $1,000
against 620U acres S29.6A last year, an increase
Of 1903 acres and S15.e23; in Saskatchewan in $780,
100 acres for s. $40 against 1O4s for $500 last year.
an increase Of $50 acres and 2as; il Alberta III
1906 1855 acres for $50 SO, against 8nZ acres Ior
Ss7737, an increase Of 6.S4S acres and $ZZoSzi IN
Manitoba the sales were IN 1906 1oSS acres LOT
81 2O4 AGAINST LIS acres for S. $50 last year, de-
crease Of 2 acres and 25. The value Of the sale OF
town lots In Vancouver was 1856 this year, against
's20g79 last year, an increase Of $685.
MARKET GOSSIP-Throughout the first hour
the volume Of business was remarkably good for
Saturday The wire houses IN particular were do
ing a substantial business. The tone was good,
although perhaps not quite so confident as 1t had
been on Friday Erie made a very good showing
and was actively traded in than it had been
for some time past. The advance made
purchases of 1900 shares by S. Schuyler & Co. and
1000 by Wolf Brothers. who have been active in
the stock lately The stories current seemed to be
the result OF the movement rather than because of
It C. c. Gates & CO. were conspicuous on the bull
side in Steel common, taking several thousand
shares. The advance in Norfolk and Western was
based good buying Of a reimbursement char
acteT, with the knowledge Of a 4 per cent dividend
rate In June behind it. Pennsylvania responded well
70 the advance in the stock in London. It is now
practically assured that the bond issue will be
convertible at 80. Traders who sold short at 40
thinking they had practical call of the stock at
that price have been covering shorts. On the curb
1nterborough advanced 6R points
COLORADO SOUTHERN-Leading interests IN
Colorado Southern assert that satisfactory arrange
Enents have been made with bankers for the fnanc-
ing Of the roads proposed extension to the Gulf.
Construction work viii be undertaken as soon as
the surveys which have already been made have
been FULLY considered and approved. AS already
stated, viii be made of the Trinity and Brazos
Valley in constructing the extension TO Galveston
and it is the expectation Of Colorado and Southern
people that with the proposed line their road will
become IN fha
road world, IN view OF the natural tendency of
traffic to seek the Gulf
FRENCH GOLD FOR CUBA-Lawrence Turnure
& Co. are importing by the steamer La Touraine
$4,000 French gold This is the first instalment
OF an engagement they have made for the importa-
ton OF than 100000 to be used in connection
with their Cuban banking business. The next in
stalment Of $4,000 viii be received by La Savoie
next Saturday. and the remainder will follow in
subsequent steamers
LAIEDB CAST is officially announced that
the quarterly dividend Laclede Gas common
stock. payable March Is. will be IL per cent and
not per cent officially stated several days ago.
This places the stock a per cent dividend basis
BANK CLEARINGS OF THE wEEK--The total
bank clearings Of all the clearing houses of the
United States for the week ending March II have
been S265s62 30. against 27 in the proceed
ing week, and 81 ,77246O the corresponding week
last year.
LEHIGH VALLEY DIvIDEND-It is understood
in well informed quarters that it practically has
been decided to increase the dividend on Lehgh
Valley stock the next dividend period TO 6 per
cent
A ". ssuTHERs DIREcToR-Alfred w.
6mithers has been elected director Of the Mis-
souri, Kansas and Texas Railway Company sue
ceeding the late Joseph Price of London
A STOCK MARKET VIEW-Charles G. Gates
& ca. say:
To-day's stock market was. merely repetition
OF yesterdays, and substantial and significant buy
tng was again in evidence in the leading shares on
the exchange. particularly Pennsylvania and New
YORK Central and their allied systems. The de-
.Eand for these stocks urgent d times and
The offerings the advance were cOmparstiveIN
small, which lena color, minds 10 the re-
ports that something Of highly favorable develop
uent pertaining 10 these stocks is imminent in
Tue near future. We continue very friendly 10
fhfn. and believe that they together with thz
Erie issues. ST. Paul Louisville and Nashville and