New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
$1,000 shares in the local market. selling heavily on
balance. In London consos lost ground, showing
Il per cent decline 81. Foreign bonds were
steady, and the market generally inactive as
II usually is on the day before settlement Money
was in good nut not remarkable demand, and it is
likely to continue the settlement and the
end of the quarter.
ACTIVITY IN DRYGOoDs-Thc head of one OF
the largest New-York drygoods houses has this
to say:
The activity which the drygoods market has
shown since March has surprised many of the
best men in the trade Great confidence in the
and South are ordering goods for delivery late
there is a great scarcity of goods for Immediate
delivery Many houses have instructed their agents
with Headquarters. This shows what boom we
are now enJ0yd d nm ne iact Is Ihat the country
has not Increased. Our gross receipts for Febru-
those of the best two months in history.
AMERICAN LoCoMoTIvE-Buy of Amer
lean Locomotive common in yesterdays market
for the account of interests who are we'll In
formed regarding the affairs of the company and
the prospects for the declaration Of dividend on
this issue. 1t is believed that in the course of
the current year payment will be made to the
common shareholders. and thai the stock will be
placed a permanent dividend basis. Earnings
of the company have been heavy ever since the
Incorporation of the concern. but present returns
likely that steady Improvement will be recorded
throughout the wear. owing to the increasing dis
position of the railroad companies to order new
equipment.
ATCHISON'S EARNINGS.-The fact that the
earnings If the Atchison. Topeka and Santa Fe
Company showed large falling off in both gross
and ret receipts in the month of February should
not be taken example of the present earning
power of the company. In February the weather
conditions in the Atchison's territory were ex-
tremely bad. and consequence traffic was
lighter. while operating expenses we're heavier.
Gross earnings of the company decreased S677 55s
and net earnings decreased sS30535.
PIG IRON CERTIFICATES.-Pig iron certificates
opened steady to firm. but trade quiet. There
a sale of 100 tons of April Prices on the call
follow: Cash SIG 5odsl7: March SO 5eGs6 So ApriI
SIC s5@a6 IS; May, SIG s5ds16 so; June SIG SASH:
July, SIS 60dsl7 On the second call prices were
barely steady. No additional business was trans
acted. Closing quotations follow: March and April
SIG 5ogS16 80: May, SIS 60qsl6 so: June and July
SIG 6OaS17.
STEEL CONSUMPTION INCREASING.-A Pitts
burg manufacturer of iron and steel saws that the
outlook continues to improve. and CONSUMPTION
seems still to be increasing. Mills are working
double turn but the material which is turned out Is
being shipped Immediately to the consumer. n
now looks as If the consumption of finished steel in
1875 would break all records The railroads and
builders are ordering tremendous quantities.
VENTURE IN UNION PACIFTC-John W
Gates said to have celebrated his return :,
town by taking the bull side in Union Pachh II,
rallied the stock with fair success In the early deal
ings but from the subsequent course of the issue A
looked as II some one was having considerable fun