New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-29
WALL STREET AND EXCHANGES

FOREIGN TRADB.-Foreign houses dealt in oOOOO
shares in the local market. of which 10000 shares
were sales It is estimated that in the last TWO
DAVIS foreign sales in the New-York market have
aggregated 100000 shares. Amsterdam houses were
heavy sellers of Great Western. In London Rus
sian bonds the Rio Tintos and the Kaffr shares
were lower. Liquidation for Paris account was re-
ported Money was in better demand
VANbAL4IA BONDS SOLD.-Speyer & Co. have pur-
chased from the Vandalia Railroad Company 81 100000
consolidated mortgage per cent htty-year goio
bonds. In pursuance of an agreement under GATE OF
December 49, 1904, the Terre Haute and Indianapolis,
St Louis VandaIia and Terre Haute. Terre Haute
and Logansport Logansport and Toledo, and IN
dianapolis and Vincennes railroads We're merged
and consolidated under the title of the Nandalia
Railroad Company, taking effect January 1, 1905.
In this company the Pennsylvania Company has a
large controlling interest through the ownership of
the stock. This consolidation merges into one sys-
tenn the lines which form direct connection between
Indianapolis and st. Louis together with the roads
tributary thereto extending to Vincennes on the
south and to South Bend and Butler, Ind. on the
north, embracing an aggregate of 6S1 miles of main
track (of which 600 miles owned and . miles
leased) 10 miles of second track, Sc miles of
branches and 1913 miles of sidings. making total Of
about 1,044 miles completed and in operation.
MARKET GOSSIP.-The Hoffman House specula-
tive element is bearish and is pressing the Western
crowd with the idea of bringing heavy lquida-
ton. Uptown traders say that the Gates following
has been long at top and short at the bottom in
each fuctuation in the last few days. There is a
disposition among the board element ham,
ner any stock in which the Western crowd is sup
posed to hold a bull account. The fact that Mr..
Gates has announced himself bull has had the
tendency to encourage bear operations among many
traders.
PIG IRON CERTIFICATES.-Pig iron certificates
opened inactive and practically unchanged from
last night. There sales Quotations on
the call follow: Cash. SIG 5OQ$17; March, SIG SOC
SIC 80; April SIG 5G$16 so; May. sic 6OG$16 SO June
SIC 6OQ$17; July SIC 5Oq$17 On the second call bust
ness continued duh. There sale of 500 tons of
February at SIC Co. Closing quotations follow:
March. SIC 50Q$l6 so; April SIG 50Q$16 9O May SIG 500
SIG so; June and July SIC 5OQ$17.
CANADIAN PACIFTC.-It is understood that the
Canadian Pacific Railway and the Mackenzie &
Mann interests have arrived at a friendly settle
ment Of the dispute over the construction of the
James Bay Line and that the Canadian Pacific
Railway has decided not to parallel the Mackenzie
& Mann line. Instead they will be given running
rights over the road into Toronto or NAV in
stead construct the northern portion of the line
from Sudbury to Parry Sound. while Mackenzie &
Mann will build the remainder from Parry Sound
south TO Toronto. each company to have running
powers the others line
THE COMING CALL FOR DEPOSITS Treasury
officers here say they have advices that it is NOT
the intention of the Treasury Department at Wash
tngton to make any call government deposits in
national banks for some time, probably not until
next June ~
APPLICATION TO LIST-The United Fruit
company applies to the New York Stock Fsxcba n oa
TO list SL50S'UO additional capital stock