New-York tribune., 1905-03-26
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses were
setive factors II the local market. buying 10000
shares on balance In London Corsols were steady
md unchanged but strength in the Russian and
Japaese issues gave considerable point TO the peace
runors current Money easy and London ex-
pects such conditions rule the fortnightly
settlement and the end OF the quarter The rally
in Russian bonds has done something to relieve
anxiety about the forthcoming Paris settlement
ST. LOUIS SOUTHWESTERN H Erttton
president and general manager OF the st Louis
Southwestern Railway Company, says the general
prospects for large business in tho territory OF
that. company were better The lumber
markets good. and there is a free movement Of
timber. which Will continue. The general business
situation throughout the Southwest has never been
better and there IS every indication for a pros
porous season. Plentiful rains throughout all of
tbs Southwest have put the ground in good condi-
tion for riling While it IS too early to forecast
the acreage Of prospects present conditions all
point 10 favorable Developments. On account of
the incIement weather the work the Mississippi
Bridge was somewhat retarded In the last few
months. but the work now progressing so rapid
~ that II Is expected be ready for business on
about April Is. This viii very materially reduce
the expenses Of handling freight. Mr.. Britton
looks for continued improvement in earnings and
estimates that earnings for the current fiscal
win reach at least $4,000 against s7e5oooo
last year. with corresponding increase In the
net The recent reports of the daily
rnents OF the company corToborate what Vice
Ifce1OeIb Di-tpoI says roT example. on Marcn -
the company handled hfty-four cars more of cotton
rhan the corresponding day OF last year. sixty
nine OF local freight, and received from
connecting roads forty-four more than last
year. making a total increase OF ls7 cars Again
on March = the increase IN OF cotton handled
was seyenty-four. while the local freight moye-
-neFt and receipts from connecting lines made the
Increase for tho day 2o7 cars. The advance in the
Price of cotton IS stimulating the movement of
that sts pie materially.
COTTON. AfCVFaf A
Financial Chronicle the total receipts Of cotton
against 1852 last week and 1866 the previous
week. making the receipts since September l.
1904 7.sos5cs bales. against ess5.4s4 for the same
period OF 19oS-'9. showing an increase since Sep
ternber !. 1904 OF ssi044 bales Reports from the
South indicate that rain has been quite general
during the week. IN portions of the Southwest and
81 Alabama and Mississippi the rainfall ha. been
rather excessive. interfering with farm work Else
where, rule, the weather has been fairly favor
able. and crop preparations have uede good prog
-esss
PRESSED STEEI, CAR.-Interests IN Pressed
steel Car expect the earnings in the cure
scar will be large enough TO pay the regular divi-
6end Of per cert the preferred stock. pay OF
1T least 10000 of the outstanding gold notes and
show substantial surplus applicable 10 dividends
on the common stock The fact that the amount Of
business on the cornpzlys books IS the largest In
fts history indicates what urgent demand for
a-tsrs there has been iE the recent past
ROPE AND TVINE REoRGANrZATTON-Nou
fhar the Manhattan Trust Company, as trustee OF
she So 10000 mortgage on the Standard Rope and
Ts1ns Conapsa5's property now In the hands OF 8