New-York tribune., 1905-02-22
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
$1,000 shares in the local market, all pur-
chases In London consols continued to show the
great strength they exhibited for some time, max
ing further advance of 5-6 per cent. TO 81. This
a total gain of "a points since the beginning of
the month. Japanese bonds We're strong, while
Russian issues heavy. Peace rumors are
plentiful abroad. but so far show no substantial
in London for the settlement but is expected to
ease off after the end of the month.
NO FURTHER TIME FOR LEATHER DE-
POSITS-The stockholders committee of the
United States Leather Company. of which p A.
Valentine is chairman which has been in charge
of the proposition for readiustment of the COM
panys capitalization. has issued circular to stock
holders who have not yet deposited their stock
stating:
The deposits already made very largely exceed
66 % per of the preferred stock and 66 2S
cent of the common stock of the leather company,
onG orsaniGation as the holder of much more than
twothirds Of the entire capital stock of the leather
Jersey statute under which the New-Jersey COM
PPafyYneS d in the pan, to wit To acquire I'm such
lawful and suitable manner as shall be determined
thsTeupon ae drey take Over and eonduct its bas
ness While the committee has had and still
has every disposition to afford to stockholders the
fullest opportunity to consider and verify the
ers ne gepoted 90 their Holdings are hereby formally
given fair and final warning that the COMMITTEES
beSond beS ND MarsR RSfgfSe 15 1905 ~ ' '' D''S
INTERNATIONAL PUMP--The advance in the
common stock OF the international Steam Pump
Company was due TO buying for the account of in
terests who we'll informed regarding the affairs
of the property It may be stated authority
that the company has orders on hand valued at
$4,000. more than orders at this time a year
ago when orders heavier than at any
preceding time in the records of the concern Since
the opening of the companys plant at Harri-
son. n. J., the output has been largely increased
BREAK IN FOREIGN EXCHANGE.-The for
egn exchange market broke violently in the day
sterling falling nearly I4c the pound Francs
and marks likewise experienced a heavy slump
short francs falling 517la short reichsmarks
to 95is. Offerings of bills were in large volume
while the demand for remittance was comparative
ly light Loan bills and security bills were a con-
spicuous feature of the market which together
with the easier discounts abroad and the further
rise in the rate Of sterling Berlin and Paris re-
suited in the depression of the local exchange mar
ket
PROGRESS AT THE DOUGLAS MINF-Malhar,
B. Cary, vice-pTesident of the Douglas Conner Com
pany. and In charge of its New-York ofT1ce has
just received the following dispatch from Theodore
Douglas the manager OF the company al Cocorit
Mexico: Am extending the 5oO-foot level north
ore Is coming in which assays IL per cent conner
N2 IN gold and six ounces In silver"
UNION PAClFIC.-J1nion Pacific maid 90, -
February s1o.OO0oO0 of notes falling due ON that
date The notes were paid from the gene,,I cash
on hand. and special financing was necessar
IL may be that later on the company win re,r,,