New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-05-02
5000 Total sales.
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING-Foreign houses were not
factors in the local market. as the London Ex-
change was closed.
STOCK LOAN QUOTATIONS-Loan quotations
were: AmaIgamated Copper, Anaconda, American
Ice Atchison common and preferred Brooklyn
Rand Transit. Baltimore and Ohio common. Cana
dian Pacific Colorado 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 pre-
ferred Pennsylvania. Republic Steel preferred,
Rock Island. ST. Paul Southern Railway preferred.
Southern Pacific, Sugar, Tennessee Coal and Iron,
Union Pacific common and preferred. United States
Steel common and preferred. United States Leather
preferred Wabash preferred and Western Union
90 per cent.
CURRENCY MOVEMENT.-The principal move
rnents of currency this week, as compiled by me
Wall Street Journal indicate that the banks
gained thereby 81 465500 They received from the
interior ST 700 and sent to the interior $50 20"
of which 100000 transferred through the Sub
Treasury to New-Orleans. Receipts OF new gold
were $1,254S00. of which s9S5,50 was on New-Yo~k
Assay ONCE checks. $4,000 on San Francisco mint
checks and Treasury transfers and IS 5O)
on Seattle assay office checks. Cold exports for the
week were 81 400 of which 1894 400 was in bars TO
Paris $500QG0 in coin to Argentina and $50 wv IN
coin to Canada. The ordinary Treasury dlsburse-
n1ents amounted to SO 1920 and the payments
by banks to the SubTreasury for customs, internal
revenue per cent redemption fund, etc, were
500 10 500 The loss on Sub-Treasury operation
proper was S75S 400 The total gain from the interior
and new gold was $707S.5O0; the total loss by gold
exports and Sub-Treasury operations was S26l2oO,
so the net gain s4,465,500.
MINING DIVIDENDS-'"The Engineering and
Mining Journal" In It's issue for May will say
that investors in the mineral and metaHurgical in
dustries of the United States received in april
dividends amounting to S5505.045 The bulk Of
these dividends been paid to preferred stock
holders in the big combinations. although a large
sum has also been received by smaller investors
Three copper companies disbursed S575000; twenty
six gold silver and lead mines. 9l8; one quick
silver property in California, $4,000 and zinc
mine $12. 402 making total Of g. 408,32o OF the
balance of 81 996 725, or ga per cent, there was
credited to four iron and steel concerns $67Ll2o;
four coal and coke. 025 OS3: eight petroleum, S6S27
and eight chemical and mineral companies. $.226,-
395 With the s. 5o5G5 disbursed in April the divi-
dends since January l amount TO the total of SOL
SAT 221. This is somewhat less than last year, as
fewer gold mines and coal and coke properties have
reported. On the other hand. however, there have
been more payments by close corporations which
do not publish their profits In the same four
months Mexican companies reported dividends of
1872. 327; Central American $4,000. and Canadian,
$4,000
ERIE SECOND PREFERRED.-A Chicago dis
patch says that Erie second preferred stock is to
be retired and that the dividend on the first pre-
ferred will be increased in August The second
preferred stock outstanding Is only SIotVUVOV, an
amount that could be retired with comparative
ease under the present broad methods of railroad
finance. The stock can be taken up at par at the
company's option The amount of first preferred
outstanding is SAT 400 and it would cost less
than $5CGGl0 year to advance the dividend to the
full per cent to which this issue is entitled Semi
annually dividends of ~ per cent have been paid
since August 1901. At the present rate of earning
of the Erie the increase in the first preferred divi
dend would not be 4 burden The company has
$50 onOO nao . 1Or1 str a
SIS 900 coo of funded debt the lines it owns"
NETWORK, ONTARIO AND WESTERN.-On-
tario and Western showed in March an increase in
gross earnings amounting to 20 per cent and in
net So per cent compared with March, 1902. This
is rather remarkable in view OF the fact that the
earnings in March 1902. were heavy. The company
taking advantage of the favorable condition pre-
vaing in the anthracite coal trade TO snip as much
coal as possible, the effect Of which is to give its
customers the beneht of the discounts, which
reduced 10 cents a ton each month, well
swell the volume Of the company's business Ontario
and Western is hampered 70 some extent by the
al times owing To THE lack OF double tracks The
company is now Goub.e tracking us Inc al the con
gested points and III the course OF Jew months The
movement Of traffic viii be greatly facilitated as
result.
GRAIN EXPORTS Bradstreets' reports the
exports of wheat Tor the week S4ls,2S bushels.
against 3SSS t2 bushels last week and o,SSl55 BUSH
els last year Since July l. 1883 4SS bushels against
~ olios bushels last yeah 20 o Corn for the week
bushels, against 25,5.S600 bushels last year
ST LOUIS AND SAN FRANCISCO DIVIDEND.
The directors of ST. Louis and San Francisco have
declared the regular quarterly dividend or l per
cent on the second preferred STOCK. payable June l.
s,TOCK EXCHANGE NEWS.-The series
per cent bonds OF the Chicago. Rock Island and
Pacific Railroad Company and the sinking fund
per cent bonds due 1868. of the Chicago and Alton
Railroad Company were stricken from the Stock
Exchange yesterday
MP VAN HORN IN CHARGE.-F. NJ. Van
Horn, associated with FaFson. Leach 4 Co for the
last nine wears has been placed in charge of the
bond denartment of the First National Bank
PENNSYLVANIA NEUTRALITY-SUSPICIOUS. d-
rectors have declared the regular semi annnal div
dend OF per cent.
MONROE BANK--The certificate OF tncorpora-
tion of the Monroe Bank which is to do business
~ No Of Canal-st.. has been filed at the County
CLERKS office The bank has capi al OF S20o.o0O-
It's president Is Major Kaufman MandeH
AMERICAN CAR AND EOUNDRY CO.
Car and Enil ilr,,