New-York tribune., 1905-02-04
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses dealt in
600 shares in the local market, mostly purchases
In the London market consols were steady, and
the foreign government bonds a triie lower The
general market was without important change
The only important development in the money
situation a reduction in the price of bar gold
doubtless indicating cessation In the Paris de-
mand for the metal
COMMISSION HOUSE BUstNEss.-A we'll
known commission house broker said yesterday:
The commission houses in Wall Street report
ing. with the indications that whatever restraint
may still be felt by the public will soon depart
in the market and the continued improvement in
dence not alone in current values ot securities
but also in the prospect for a further advance in
rise'' in stocks has hardly more than begun and
will be facilitated It by the inereasps supply and
greater accumulation of money in New-York and
fore, and with an abundance OF money there can
not be any effective obstruction of the upward
movement in stocks.
BEEF TRUST BUYING-An interesting report
in circulation IN Wall Street that the
tinued liberal buying of Chicago Great Western
represented in part at least to increase the
holdings of the stock by the Beef Trust interests
which have long had important transportation
contracts with the road 1t was said that the beef
interests were fortifyng themselves against posi-
bic changes in the control of other railroads in the
West by which they might be disadvantageously
affected The Great Western runs from Chicago to
st. Paul. Minneapolis. Council Bluffs Omaha. st.
Joseph. Leavenworth and Kansas City, that 1t
reaches the important packing house and dstrbut-
ing points in the West
JANUARY CLEARINGSi-Bank clearings at
ninetyfour cities for January. reported to Brad
Streets" aggregate the largest sum ever reported
in that month. but smaller than those OF De-
cember last year. The total clearings at ninety
four American cities for January aggregated s11.-
7s4 S7S.994 a gain OF 25s per cent January a
year ago. but decrease of "a per cent from De-
cember 1894. This is the first time in five years
that the January total has fallen behind that the
preceding December: Compared with January 1903
the last months clearings show gain of 6S per
cent the increase January. 1902. is ia per
cent and the gain January 1901 is 1913 per cent.
CURRENCY MOVEMENT-The reported move
ments of currency this week indicate a loss in
cash held by the banks of S5.4795O0 They received
the interior s27S5OO and sent to the interior
s. j6 000 including about sS 100000 national bank
notes sent to Washington for redemption. The gain
from the interior was s6,s2S,500. The total gain
the interior. s6,s2S5OO. and gold. sSiSSOo
was SS271 800; deducting this from the loss by gold
exports 81. .191 400 Sub-Treasury operations
proper 81 613s0o. in all SS ,SOO the net loss
s. 479,5O
CANADIAN PACIFTC.-Canadian Pacific in 1909
sold at 145. against 1S4 present. 1t was then on
a per cent dividend basis, and valuable rights
had been given to the stockholders 1t pays
per cent dividends, and within year has given
privileges valued marketwise at than SO
share. The company's business is arge-in fact,
the greatest in its history-and the net earnings.
after allowing most liberal expense account,
equal TO fully y per cent the capitalization.
GRAIN EXPORTS -"Bradstreets" reports the
exports of wheat including -four. for the week at
1883 bushels. against 110l5S7 last week and $780,
26 last year Since July l. 40057133 bushels against
1O1 S5 344 last year Corn. 5S025O3 bushels against
SO35,7S3 last week and 14l116S last Since July
l. S3143646 bushels against 3sss5SS last Corn
shipments were the largest for four years.
DOUGLAS COPPER-At the annual meeting Of
the Douglas Copper Company the following officers
were elected: President and general manager.
Theodore Douglas; vice-president. Melbert B. Cary;
treasurer Victor NJ Tyler: secretary. John e.
Rowe. Gustave NJ. Gouyard appointed
sulting mining engineer and Frank Klepetko con-
sulting metaurgcal engineer.
PIG IRON CERTIFICATES MARKET-Pig iron
certificates at the New-York Produce Exchange
opened inactive. and quotations were weaker.
Prices follow: Cash SIC p bid: February. SIG 2oGl
Sl6 II; March $15 70 asked; April SIS 2GQS6 To- May,
SIG 25dSl6 20; June A6 90 asked July, SIG 90 asked
On the second call there were no new features
and business resulted Closing asked prices fol-
low: February. March, April and May Sl6 IS. June
SIG 90; July, sic ~.
AMERICAN TOBACCO.-The American Tobacco
Company old preferred stock and the Morton Trust
Company certificates of deposit for old American
Tobacco Company preferred stock, Continental To-
bacco Company preferred stock and Consolidated
Tobacco Company per cent bonds were stricken
from the Stock Exchange list yesterday morning
The preferred stock OF the Continental Tobacco
Company Also stricken from the list.
PUT SOLD ON ARIZONA SToCK.-A put has
been given by n prominent Wall Street firm on 5000
shares of Arizona Consolidated<at 2els for ninety
days 1t IS generally supposed that this put was
given on account of some recent developments at
the mines which viii have a tendency to enhance
tho value of the stock.
TRENTON BONDS.-R. L. Day & Co have been
awarded two of Trenton IN j. bonds az
gresating Sl3oSSI consisting of an issue of S50t0o
per cent water bonds. awarded at 10 50 ard an
issuo of SsoSS7 per cent ten year Pavement bonds
awarded al 1854
WIRE PRODUCTS ADNANCED.-An wire prod
ucts have been advanced 5 cents a hundred mounds
or 81 o ton making nails 81 so keg base P1ttsburr
UNITED STATES STEEL-The January saIss
of the American Bridge Company Of the Steel Cor