New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-19
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt in
0.eo0 shares I'm the local market. evenly distrfb-
uted- In London consols a shade irrner but
foreign bonds were heavy, with Russian issues still
depressed both in Paris and London. In spite of
this. most cables indicate that the peace sentiment
is growing. Money continues plentiful abroad. and
bankers show no nervousness about the situation
in Paris. Alarming from that centre cur
rent on Friday were absolutely unconhrmed.
MARKET GOSSIP-The selling OF Amalgamated
Copper came from Hooley. Learnard & Co. and
other houses with Boston connections. The special
list was intrusted with the selling orders in
siderable block. The support is considered good.
and the expected report April is Is lost sight
Of The Western houses were sellers in consider
able volume IN the aggregate. Their sales were
mostly made In St Paul, Union Pacific and New
York Central Traders thought that Reading looked
somewhat sold out. There is still fairly strong
pool in it which to be taking stock London
had a strong bull point Ontario and Western
and responsible for the high opening here. IL
thought that little OF the foreign holdings OF
that stock out in the last few days but there
is good reason for believing that OF this has
been taken back. Metropolitan issues again took
the lead in the traction stocks The buying seems
well informed. From the number OF houses with
political connections. both Tammany and other
wise who buying for customers there appears
little doubt that the subway franchise Is the
bull influence With respect TO Canadian Pacific.
there is still decidedly bullish talk the basis OF
the company's large mineral possessions and the
outlook for a tremendous development of the cOun-
try through which the road operates. Men who
have been right on this stock all along confidently
express the opinion that II win sell eventually as
high as Great Northern preferred
MOVEMENT OF COTTON-According to The
Financial Chronicle" the total receipts OF cotton
the week ending March II reached 1882 bales.
against 1866 last week and 152.472 the previous
week making the total receipts since the first
OF September, 1904 ls7 bales. against s,5sO43
for the period of 1903 o. showing increase
since September l. 1904 of ~ .155 bales. Reports
from the South indicate that, a rule, the
weather has been favorable during the week over
most of the dry weather has prevailed, and
where rain has fallen the precipitation has been
light or moderate. The temperature has been
seasonable Good progress is being made with
farm work quite generally.
COPPER TRADE CONDITIONS.-Coprer pro-
ducers say that the metal is strong az 152sq1515
cents with the best grades of Lake Copper sell
ing at 15Is cents They do not anticipate that the
price will huctuate cent either way for the
mander of the year The selling agencies
pretty well cleaned up, and il is estimated that
the United Metals Selling Company has not 100000
pounds OF undeIivered copper hand.
PIG observation-disclosures OF pig iron believe
the current month will break many records IN
far production is concerned All the furnaces
are being operated to the full extent OF their
pacity. and better weather will also contribute
largely in making the month record breaker II
is believed that production will not fall much
below 100000
APPLICATIONS TO LIST.-Appication has been
made to the New-Yorl Stock x0hange list
s3G72 900 first mortgage guaranteed per cent bonds
of 1885 of the Des Moines and Fort Dodge Railroad
Company. and s5.ssO.I00 preferred stock Ss524-
100 common stock of the Eastman Kodak Company
OF New-Je-sey.
KANSAS CITY SOUTHERN.-The application 20
list the common and preferred stocks of Kansas
City Southern is preparatory to the dissolution
of the voting trust The stock trust certificates.
of course. viii leave the street and the original
stocks viii be re-issued.
BANK CLEARINGS.-The total bank cIearings
of al the clearing houses OF the United States
for the week ended March IS were SSOs1 2S4 So
against s265s.5S605l in the preceding week and
s1s5e0.5is in the corresponding week last year