New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-08
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses were not
active factors IN the local market In London
consos and other gilt edged investment securities
closed steady. but South African mining Issues
which had opened strong. eased of contradictory
labor reports Russian imperial As offered at
90 which Is about the lowest since hostilities began
while japanese securities improved. The Is ad-
yaEccd = per cent TO GS and the - steady
at 7sa4. In other departments the tone was quietly
steady and sentiment appeared comparatively good.
There continued depression OF Russian
curities the curb. Imperial Is further declined
"a cent TO ssa. but closed at s97s- japanese
curities made further advances. the IS closing l.
per cent higher at 6sl4. and the 0s being ma
terialy higher at 1874. The old IS sold 32la.
BOND SALES FOR notwithstanding to the
figures compiled by The United States Investor
bond sales for the month OF April amounted 10 sl4.
I166S. not including temporary loans OF the above
amount N31+t.7Ol were issued by cities and towns
Included In this is the 100000 bond issue OF the
Philippine islands, and S5723s2 by counties. This
amount shows an increase OF Sl.5C4S30 reported
for the month OF April and decrease OF 81 o25.-
SIS A. reported for the month Of April 1903 OF the
largest issues note one or ST15,0D by Columbus.
Ohio: one Of S775.oo by Jersey city. y. j.; one Of
$4,000 by Cincinnati; one Of $4,000 by Los An
geIes one OF $4,000 by Cleveland. Ohio. and
% $4,000 by Brooklyn. y. Y.
BANK CLEARINGS-Bank ciear!ngs for the
week ended with May aggregate t2.O531S7.l7S 10
per cent over the preceding week, but II per cent
city total SSI269l4 increase Of II per cent over
the preceding week. but a decrease OF per cent
from last week. Business failures for the week
ended May number l7e. against ISIS In the preced
ing week 10 in the like week in 1895. i7s in 1902
1873 in 1901 and Ia in 1907
FUEL CONCERNS CONSOLIDATE.-An oficial
announcement IS made that the Pennsylvania Coal
and Coke Company has purchased all the capital
stock and franchises OF the Beech Creek Coal and
Coke Company. Through this acquisition the Penn
sylvania company now controls more than 117CO
acres of coal and surface land chiefly in Blair.
Cambria ClearfieId and Indiana counties. contain
ing it is estimated more than 100000 tons OF
coal.
PANAMA CANAL PAYMENT-Secretary Shaw
is expected to come 10 New-YorIz tomorrow. when
he will deliver ]. Z. Morgan & Co. the Treasury
warrant OF 100000 The sum OF s27OO0OOo now in
the New-York banks. will he transferred 10 the
credit OF j. p. Morgan & Co. leaving si3.OOOOr0 TO
paid direct from the Treasury. Ii is authorita-
lively stated that ]. p. Morgan Co. have in their
possession upward of 100000 which will be trans
nitted TO Europe as soon the FIRMS bond is per-
fected.
DISPOSITION OF DELAWARE AND HUDSON
STOCK SALE.-From the proceeds amounting 70
50 ZOO realized from 10000 shares of new stock.
the Delaware and Hudson Company has made the
following payments: New-York and Canada bonds
natured S5G1oO0O loans incurred for the construc-
ton of the Chateaugay Railroad. s.. $4,000: rolling
stock $4,000 debentures retired $5S5000 and sink
ing fund 600 shares or Delaware and Hudson
stock retired) $6450O; total, sS.95l.5O0 The COM
pany has bought % locomotives which are not yet
delivered.
RECORD CRIPPLE CREEK OUTPUT.-The
output OF the Cripple Creek district for the month
of April has surpassed all previous months of
the year. with record OF $500 tons. valued at
81, s51, 100 This is increase of approximately
$4,000 over the month of March. There was dis
trbuted dividends during the period s323 600
which is also a record for the year.
RAILROAD EARNINCiS.-"The Financial Chron-
icle' computes the gross earnings of thirty-six
for the fourth week of April. 1904 at IS $685.
49, n decrease OF S5l0.2n from the period last
year or 5.44 per cent. Gross earnings OF thirty
seven roads for the month Of April 1884, aggregated
S3s 3OO5sl decrease OF 569s7s from the same time
last year. 3s4 per cent
GOLD TRANSFERRED To SAN FRANCISCO
Gold to the amount of S250O00 deposited I'm
New-York yesterday. and paid by telegraphie
transfer through the Sub-Treasury in San Fran
CISCO
NASSAU ELECTRIC BONDS-Charles Mines
heimer & Co. offer to investors the guaranteed 4
per cent gold bonds of the Nassau Electric Rail-
road Company. which underlying the mort
cages and stock Of the Brooklyn Rapid Transit
md at