New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-10
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
10000 shares in local market. mostly purchases
In London the feature was. OF course the reduc-
ton Of the Bank OF England rate to "a per cent.
Consols made substantial advance of 5-l6 per
cent TO e1A. Japanese bonds were strong the
confirmation of the great victory in the Far East.
The copper stocks made striking advances. and all
departments were buoyant. The volume Of bust
ness within two days of the fortnghtiy settlement
was remarkably good Money easy. and is
likely continue for the rest OF the month.
longer. there is tendency OF gold to
return from the Continent to London.
MARKET GOSSIP.-Canadian Pacific. Atchison.
Erie common and first preferred the stocks
most frequently mentioned likely TO be the
active features One goes far to say
that he believes that before the present movement
is Erie common will be selling at double the
present price 1t is expected that the first pre-
ferred will have advance Of ten points at least
from the present price. sharp advance OF five
points in Atchison is predicted for the
next few days. Private cables from London pre-
dict $50 for Canadian Pacific within a short time
and state that the traders In that market have
been caught heavily short of the stock. John w.
Gates is said to be the active centre of specuia-
ton in Mexican Central at present. Charles G.
Gates & Co. were buyers of 5000 shares and
have taken a good deal of stock In the recent
past Politicians still buying Consolidated Gas
and do not believe that the calling of an extra
session by Governor Higgins would result in any
adverse legislation. One of the bull factors In
Union Pacific. and perhaps indirectly in Southern
Pacific also. was the report that James J. Hill on
the dissolution of the Northern Securities Com
pany. would give out some figures the earnings
which would have very bullsh effect upon all
the roads concerned. The old pool I'm Ch1capo Ter
minal was active and succeeded In marking I'm tho
price without much difficulty. II Is stu clsirnad
that the Hartman interest needs the stocls and
cannot afford to let the terminal facilities fan into
other hands
TRUST COMPANY LoANs.-Howard P Frotb-
ingham says
II has been rurorsd around for the last .
days that two large trust companies OF Chicago
at per cen This statement is incorrect and
ton TO deny it absolutely These COMPANIES bays
MADE ma no offers to lend money here except :or
A WALL STREET MANS oRSEpv.r,o>-.
Henry Davis Of A A. Housman & Co. has re-
turned from trip OF several weeks to San Fran
CISCO lie says that high degree OF prosperit,,
is clearly in evidence all the way from New
iorh 10 the Pacific Coast. Mr. Davis Is a man
thoroughly familiar with me railroads OF ,ha
country and the conditions under which tb.,, -
operated. He saws that n very large amount a,
traffic Is being offered tho railroads all through
the country and that there is every indication
Oh a highly prosperous year only for the rail-
roads. but in all classes OF business
NEW STOCK EXCHANGE MEMBERS -J,,,u.
Gordon Douglas. at the office OF Keecb Toan a
Co.. Louis Heineman. at Sutro Bros & Co -. FraDL
t. Schoonmaker, of Edward Sweet a Go or.
Nharles nelson falrchfld. OF Charles FafrcbfIa
Co. were elected members OF the Stock Fxcba,~n
Yesterday Thomas 5. Smith, OF w b. Mack q
Co. ard William S. Alley OF the fir, q, an
Conger II Co, were renstated TO .nenbershir
AMERICAN CAR AND FOUNDRY-Or,ars ,o-
new cars now on the books of the American Car 40
Foundry Company aggregate 5000 cars Eu,,r..
has increased rapidly in the last few weeks owing
TO the disposition OF the railroads 20 come into ,h
market for equipment. So far this improva,,s,,
has not been reflected in the securities OF the
lean Car and Foundry Company. but In well in
formed circles. 1t was said yesterday that an NJ
ward tendency would soon develop
AMALGAMATED coPPER.-Ths featur. IN
Amalgamated Copper the heavy buvinr or
J. Manning and Van Edinburgh & Attsrbury. who
took oUo shares between them The full r.nort
expected In April and a permanent incra.x.
In the dividend are the bull arguments rha
buying Is thought to have a trade origin and r,..
materially influenced by the great strength IN Pic
fnto and Anaconda In London
CANADIAN PACIFIc-Canadian Pacific ~
sponded readily 10 the advance In the stock On
London. The movement is part of an ext.n,,v.
pun campaign. which covers all Canadian .tock.
many OF which are not dealt In herr. Il IA. ths