New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-15
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses sold IS, 900
shares In the local market In London consols lost
Il per cent while the foreign bond market was
weaker than it has been for some time. An ex-
pected early loan tended to depress the Japanese
issues while Russian bonds were equally heavy.
The general market rather nervous and was
watching Paris closely. Foreign bourses weak.
Money was easy enough and in very special de-
nnand in spite of the settlement requirements.
MARKET GOSSIP.-American Smelling crossed
par for the first time in its history. The bull talk
appeared to from the Guggenheim following.
The price is high for a per cent Industrial,
but so far there has been trade selling There
distribution of stocks all around the room
under of the advance in New-York Central.
Traders noted significant that Central and ST.
Paul. two Standard Oil stocks. the most osten-
tatiously bid up. There good buying of Peo-
pies Gas. Various reasons assigned. but by
far the ineligible that the Illinois Iegis-
lature viii adjourn on April for two years. This
Is always bull argument the securities of COM
panes doing business IN the State of Illinois John
Wallace made Lackawanna sell at 400 and did not
have to take much stock in doing so. London had
a trong bull point Ontario and Western. Con-
solidated Gas weak. at decline of nearly 4
per cent, account of the investigation ordered
by the Albany legislature into the New-Yorl City
gas situation.
NEW-JERsEY BANKERS ASs0CIATIoN-Th
second annual convention of the New-Jersey Bank
ers Association will be held Friday and satur-
day OF this week, March II and 1s at the Hotel
for the registration of delegates and guests on Fri
day morning, the calling order OF the meeting
for a session in the afternoon. and a banquet to
delegates and guests in the evening. Saturday
morning will be devoted 10 the business meeting of
the association. which reports of officials and
committees will be presented A general discussion
OF subjects of interest to the delegates will also
be induged in and the election and installation OF
officers for the ensuing year and the election of
delegates to the American Bankers Association
convention will close the business of the conven-
ton. At the meeting Friday morning addresses
will be made by Jordan j. Rollins, OF Rollins g.
Rollins attorneys, of New-York: Vice-Presdent
James q. Cannon. of the Fourth National Bank OF
New-York Clark Williams, vice-presdent OF the
United States Mortgage and Trust Company of
New-York. and David o. Watkins Commissioner
Of Banking and Insurance OF the State of New
Jersey. Among the speakers at the banquet on Fri
day evening VIII be Governor Edward c. stokes. of
NewJersey, John Il. Griges, ex-Attorney General
OF the United States, and James NJ Beck ex-As-
sstant Attorney General or the United States
NEW PENNSYLVANIA BONDS AUTHORIZED.
AT the annual meeting OF the Pennsylvania Rail-
road stockholders yesterday the directors were
authorized TO issue S50OO0OD bonds with the
privilege OF making them convertible The resolu-
fion for the increase OF the bonded indebtedness OF
the company was offered by First President
Green, who said that In the year there viii mature
about ST 100000 per cent bonds The action Of
the board OF directors In requesting authority 70
issue only s0o.oooeoo bonds was general surprise