New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-03
wall STREET ANp EXCHANGES.

FOREIGN TRADING.-Foreign houses were not
active in the local market. dealing in 5000 shares
mostly purchases In London consols. after ad-
vancing fraction, closed unchanged from the pre-
cediRg day. japanese IS were lower and Russian
As higher. The general list firm. Discounts
were a trihe higher.
AMERICAN CAR AND FOUNDRY.-The annual
meeting Of the American Car and Foundry Com
pany will be held June 80. when the report Of
earnings for the year will be presented. A special
meeting Of the stockholders has been called for
June q to act upon the proposition for the classi-
hcation Of the directors. Dividing the directors
into classes to serve for different terms will guard
against any sudden change in the management. A
report that the company has only two three of
its fifteen plants IN operation is not correct. The
report should read that only two or three of the
plants idle
MOVEMENT OF MONEY.-The decline in the
price OF cotton has been effective IN releasing
large amount OF money that has been tied up for
a considerable period account OF cotton market
speculation Since last Friday the local banks
have gained over S3ooO,O00 owing to payments for
japanese gold received at San Francisco 1t is ex-
pected that the estimated movement Of currency
FOR the week, which will be published to-day. will
show a substantial gain from the interior.
NORFOLK AND WESTERN.-For the month OF
April gross earnings OF the Norfolk and Western
Railway show loss OF nearly $4,000 and net
ings loss OF $4,000 while surplus after interest
and rentals shows loss OF over Sl6OO0, comparison
being made with the same month last year From
o
900. net earnings &lS1 51s and surplus S37I9S
MIsSOURFS CROP REPORT-The Missouri
State crop report for June shows a condition OF
wheat OF 81 per cent. corn 20 per cent and oats Il
per cent. This compares favorably with the re-
port of the preceding month.
DETROIT SOUTHERN'S EARNINGS.-For the
third week in May the Detroit Southern shows
gross earnings OF SCI 52S decline Of S6O25 from the
period a year ago. In yesterdays market on
transactions Of 100 shares Detroit Southern com
mon showed fractional loss while on the same
number of transactions the preferred showed
net gain OF points.
DECREASE IN ST. PAULis EARNINGS
Gross earnings OF the Chicago. Milwaukee and ST.
Paul Railway for April show decrease Of S2l9, 555
in gross and decrease Of SIS els in net. For the
ten months OF the fiscal year the company shows
an increase in gross earnings OF a trihe over 81
1000 and increase OF over $4,000 in net earn
ings.
JAPANESE BOND SYNDICATE PROFITS
Profits Of the syndicate formed to underwrits the
japanese loan per cent bonds amounted It
is understood. to above 100000 Checks were
mailed TO the members of the syndicate yesterday
APPLICATION TO LIsT.-Appncation has been
made 10 the Stock Exchange to list $4,000 addi-
uonal FIRST mortgage per cent bonds OF the Rio
Grande Junction Railway Company.
CONSOLIDATED GAS.-ConsoUdated Gas stock
compauys capital stock from $50 900 to SI00OOO
COO in connection with issuing S20000000 debenture
bonds. convertible into stock after three years.
LOWER PRICE FOR STOCK EXCHANGE
SEATS-A sale of stock Exchange seat was
made yesterday at S5S,0C0 a decline Of 5000 from
the last preceding transfer 1t was reported that
II. d. Spears was the seller
ELECTED PRESIDENT NJ Now
rey who for the last three years has been con-
been elected vice-president OF the Engineering
Company Of America.