New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
FORTY thousand shares in the local market. selhhS
on balance The reduction in the Bank of England
rate was the feature of the cables and faVoraply
affected the general market the other side Con-
soils gained ground and the Copper stocks were the
Only weak feature. The Bank of England maze
strong return fully justifying its policy Inc con-
tinent however seems disposed to draw gold from
London and money was harder In BerIlh- GA-
change continued easy in Paris and Berlin. money
tended easier in the open market in London
STOCK LOAN QUOTATIONs-Loan quotations
were: Analgamated Copper. Anaconda, American
Ice Atchison common and preferred BROOKLYN
Rapid Transit. Baltimore and Ohio common "olo-
RADIO Fuel Delaware and Hudson. Erie common
first and second preferred. Louisville and Nashville
Manhattan Missouri Pacific, NeW-York central
Norfolk and Western, Metropolitan Street Railway
Peoples Gas Reading first preferred, Rock Island
Ct PauI southern Railway preferred. Southern Pa
cfhc Sugar Tennessee Coal and Iron, Union Pacific
common and preferred. United States Steel common
and preferred. United States Leather preferred,
Wabash preferred, Western Union, 2q2A per cent;
Canadian Pacific and Pennsylvania, 1902 per cent
THE CORN CROP.-Reports to 'Dunn's Re
view" from branches OF R. G. Dun & Co. in
important corn centres show that present condi-
lions are favorable There has been an abundance
of moisture and where the crop has suffered from
floods much replanting has been done or is now
under wav Fields that were planted in other
crops have been put down in and from pres
ent indications there will be ultimate reduction
in acreage. The plant Is reported to have gerrnl-
mated well and to have made fair start Much of
It has been cultivated in spite of the wet weather
Reports from Iowa, Illinois and Nebraska. the
three leading States, exceptionally favor
able. Weather conditions the past few days have
shown marked Improvement. In Iowa there may
be some reduction in acreage but it will be small
On upland fields the plant has made such
good progress that the injury the low
lands will be fully compensated for Early
has made good progress. In some
sections a larger yield than in other years Is
promised If fair conditions prevail. In Indiana
corn on the high ground is fairly well advanced
considering the adverse conditions early in the sea-
son. and the acreage will exceed last years. In
Ohio there has been little injury, though the crop
is late because of cold, wet weather. The acreage
will be fully large as last year. In Missouri the
damage by floods will not be heavy at first
reported Fields originally planted in wheat that
have been washed out have been repanted in corn.
Outside of the flood districts the crop looks very
well
DIVIDENDS DECLARED-The Metropolitan
Savings Bank has declared semi annual dividend
of 10 per cent. The Washington Savings Bank has
declared dividends at the annual rate of per cent
deposits under $500 and 80 per cent deposits
from $500 to 5000 The Proctor & Gamble Company
has declared a quarterly dividend of per cent
its preferred stock. The Lake Erie and Western
Railroad Company has declared dividend of
per cent its preferred stock. The Canada South
ern has declared a dividend of l per cent on its
capital stock. The American Telephone and TeIe-
graph Company has declared a dividend of ~ per
cent.
PEOPLES GAS DIVIDEND NOT TO BE RE-
DUCED.-A director of the Peoples Gas, Light and
Coke Company says that the reports that the divi-
dend is be reduced are absurd. Such a thing has
been intimated. either in outside of a
board meeting. Earnings of the company are main
tanning their former rate of gain the previous
year, under such circumstances there not the
least necessity for reducing its disbursements.
PIG IRON PRICES.-The efforts of consumers to
break pig iron prices have thus far failed to get
quotations Birmingham No below $40 25 the
price fixed by the association. Some holders of
small lots of Northern No 1 quoting at
s9 80 and $40. while No 2 Northern is quoted at
s9, No concessions have been made by the asso-
citation.
CANADIAN PACIFIC.-Canadian Pacific was
we'll supported. although probably the scarcity Of
the stock in the loan crowd makes the professional
element hesitate about selling 1t short. 1t ad-
mitted to be held abroad, and there seems to be
a much freer market in London than here The
stock could be borrowed without difficulty at the
last London settlement
ELECTED A MEMBER.-Robert Gilmor, jr OF
Gilbert. Lewis & Gilmor. elected member Of
the Stock Exchange yesterday.
APPLICATION TO LIST.-Application has been
made to the New-York Stock Exchange to list
s75,O94, $50 additional capital stock of the Pennsy-
vana Railroad Company.
MICHIGAN CENTRAL'S MEETING.-The trans
fer books of the Michigan Central will be closed
June 30 for the purpose of a special meeting to
be held Detroit July 10.