New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-17
WALL STREET AND EXCHANGES.


FOREIGN TRADING.-Foreisn houses dealt in
upward Of 2Oo0 shares in the local market most Of
which were sales. chiefly Southern Pacific In Lon
don the general market was quiet. without inn
portant change, while n similar condition pre-
vailed in Paris and Berlin. The Bank Of England
at its weekly meeting made no change In It's mini
mum OF discount
STOCK LOAN QUOTATIONS.-Loan quotations
were Amagamated Copper, Anaconda, American
lee Brooklyn Rapid Transit. Erie common. first
and second preferred, Louisville and Nashville.
Manhattan Missouri Pacific. Peoples Gas. Read
ing first preferred. Rock Island. Southern Railway
preferred. Southern Pacific Sugar. Tennessee Coal
and Iron. United States Steel common. United
States Leather preferred. Wabash preferred. Smell
ters common Republic Steel common. 1ulA per
cent: Atchison common and preferred, Baltimore
and Ohio common. Canadian Pacific. Consolidated
Gas Delaware and Hudson. Norfolk and Western,
METROPOLITAN Street Railway. Union Pacific COM
mon and preferred. United States Steel preferred
l per cent; New-Yorll Central, u per cent; Penn
sylvauia and s.. Paul, = per cent; Western Union
fiat SHELTERS preferred. Republic Steel preferred
and American Locomotive preferred. 1-2J68l-l2S per
cent: Pressed Car preferred lips per cent
LIGHTER IMPORTS OF IRON AND STEEL
The imports OF foreign pig iron. iron. old iron
rails structural iron. steel billets. steel blooms
steel wire rods scrap steel and old steel ralIs 10
the ports OF New-York, Philadelphia and BATH
more were only 1915 tons for May. whereas Tor
some months within tho last two years such i'm
ro-ts acgregatei 10000 tons Imports OF Iron
chrome and manganese ores were 22.Sl2 tons, as
against 1910 tons for April
LAKE ERIE AND WESTERN DIVIDEND CUT.
The sem!-anaual dividend OF the Lake Erie and
Western preferred stock has been reduced from :
to 1 per cent Earnings OF the company have re
Gently been poor the June quarter showing fall
I'M, OK of about % per from the same time last
year. The company issued the following eNpland-
tory statement;
The ac,ouuts OF the railroad for the. six months
d t.sIl
earnings OF SIta53 against $-S,i5S in the pre-
yious Crar rms decrease is largely accounted for
h, tIe fact that during the months OF January
February and March OF this year the severity OF
the winter and the congestion OF traffic made ser-
GUS .ur,ads upon the earnings Of the company
MOVEMENT OF MONEY.-The local sub-Treas-
ury transferred yesterday $1,000 10 New-OrlcaHs
and paid out here on san Francisco account &-.Uo
The heavy transfer to- san Francisco on Wednesday
WAS reflected yesterday IN loss ~ the banks Of
Sl5oioe hut the banks since Friday gained S2i5eoo
I'm tho same time last week they lost $4,000 The
heavy debit Of the Sub-Ireasury at the Clearing
House yesterday morning Sl.oNGel'-geprcsented
chiefly Increasing pension payments
NETWORK CENTRAL BONDS ALLOTTED
j. T.. Morgan * Co. have made auotments on sub
scriptIlus tu the 100000 Ncw-Nork Central thirty
year / per cent gold deheutuce bonds recently Of
ieT,l 10y Thorn. 1t Will be recalled that the sub
soriptiou books for this issue were closed fifteen
minutes after they were opened II is uaders TODD
that Investment subscribers received practically the
entire amount OF their subscriptions. while specu-
latiyr subscribers We're cut down anywhere from
10 60 so per cent
CROP CONDiTIONS-"Th Price Current" saws.
Wheat is progressing favCrabIy. 1t shows an i'm
proving tendency the East and the Southeast.
Kansas lo"ands have been damaged somewhat,
and il has been too wet for harvest in the South
west. Elsewhere conditions have been maintained.
Corn IS making slow growth, but is well worked.
Its stand is fairly good oats progressing ia
vorably; the average is good. The weeks packing
Of hogs in the West aggregated 4s1No. against
io5ooQ in this week last year"
INTERNATIONAL PUMP DGVIDENDS.LThe di-
rectors ~ The Information Pump Company have
declared tho regular quarterly dividend Il, per
cent on the preferred stock payable August / and
the regular quarterly dividend Of per cent on the
common, payable July /. Tho directors have re-
elected for the next year the present officers
MISSOURI. KANSAS AND TENAS-It has been
runored on tho stock Exchange that there is some
probability Of a dividend on Missouri Kansas and
Texas preferred before the end of the summer In
qulry Of the prominent interests in the compa nv
brings the fact that the directors have decided
not 10 take any action the dividend until they
are assured OF the Texas cotton crop yield
40 ST. PAUL FINANCING.-The rumor that St
Paul Is about to undertake some new financing is
said official quarters to he entirely without foun-
da lion
MECHANTC9' NATIONAL. INCREASES DIvI-
| DEND-The Mechanics National Bank has de-
clared n semi-annual dividend of > per cent an IN
crease of per the last preceding declara-
/ ton. payable July /.
ELECTED A DIRECTOR.-Joseph V Grace was
, yesterday elected q director of the Lincoln Ma
| tiouaI Bank. Mr.. Grace IS a son Of the late ex-
! Mayor William r. Grace.