New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
$1,000 shares H the local market, selling 5000
balance In London consols were unchanged. but
Russian bonds heavy, although Japanese issues
developed no feature of interest. Rio Tnto was
lower. and the general market was rather unset
tied Money was in pretty good supply and apart
from occasional special requirements. should be
easy enough for considerable time to come. Gables
generally made peace prospects look considerably
more remote and 1t is now thought that Russia will
risk some action by the Baltic feet before admitting
defeat
POSITION OF ATLANTIC COAST LINE.-The
sharp rise in Atlantic Coast Line and the substan
tal advance in Louisville and Nashville excited
fresh comment with regard to the first named COM
pany which controls the majority Of Louisville and
Nashville stock. The friends OF the Atlantic Coast
Line assert that in proportion to it's capital it con-
trolls valuable railway equities than many
other big railroad systems. 1t would not surprise
some well informed people If in the course OF time
the Southern Railway. the Atlantic Coast Line and
the Seaboard Air Line should be under one control
MARKET GOSSIP.-The simultaneous strength
in Shelters and National Lead had. Of course, the
natural effect Of strengthening the stories current
of the absorption OF the latter by the former. A
larger amalgamatiOn which would also include
United Lead is said to be among the possibilities,
especially as the National Lead and United Lead
interests differ very important points. which
might be adjusted in that way. The Western crowd
seemed TO have taken Southern stocks, like Louis
Vile and Atlantic Coast, in hand and was doing
what it could to stimulate buying Opinion is d.
vided as the form the United States Rubber dlv-
dSnd will take, but it to be assured that the
preferred stock will go per cent basis. The
regular IL per cent and 2 per cent extra would
make ND a years dividend of per cent and
clear the way for early declaration on the COM
mon Something rather more conservative Is anticl-
pated American Sugar was bought for Boston ac-
count with fair following from lower Wall Street
Floor traders are much more ready to follow move
ments in industrals than they were. and very gen.
eraIlv believe that the market will be large
w in these issues ST. Louis Southwestern preferred
was again absorbed by good buyers.
THE CANADIAN NORTHWESTERN first
through train on the Canadian Northern to Sas-
katchewan Valley left Winnipeg Monday morning
Land companies report that sales OF farm lands IN
the West are much more active than they were
last s.,ring The March record of the Canadian
Pacific Railway land department shows that 15.-
sO6;61 acres of the company's lands were disposed
of in that period for $ 756, average of s. So per
acre In the twenty-four hours between 10 o'clock
Saturday and 10 o'clock Sunday there were $50 car
loads Of settlers effects reported at Winnipeg. OF
these 100 cars arrived from the East and twenty
nine from the South via Emerson and Gretna-
Arrivals via Portal not included in these fig
Ures
ANOTHER CALL FOR GOVERNMENT FUNDS.
Secretary Shaw announced yesterday that he
would call for so per cent Of the government funds
now held by temporary depositartes and such por-
ton Of the funds held by permanent depositaries
they can appropriately spare IN view OF the
amount of business done by the several banks for
the government not exceeding 50 per cent the same
to be paid in two instruments. onehals on or before
May Is and the balance before July l. This call
will yield in the aggregate about S21,OO0OOO. The
last instalment falling due on July l. is not
pected to have any influence on the money market.
in view OF recent Congress appropriations made
available on that date and which will be paid out
soon thereafter by the government.
AMERICAN I4OCONIOTIVE--Ohicers of the
American Locomotive Company say that the earn
ings of the plants now are equal 10 more than
10 per cent on the common stock. after paying all
charges and the preferred dividend. They expect
a dividend on the common stock IN the fall and
predict that it's price will sell much higher. Il is
commended that the stock has more merit and
greater possibilities than many other Industrial
shares as the business of the company IS estab-
lished and is without single element OF risk
JOHN c. MCCULLOUGH AGAIN IN ATCHISON
DIRECTORATE.-At the meeting OF the directors
OF the Atchson. Topeka and Santa Fe Railway
Company yesterday. General John c. Mccullough