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

FOREIGN TRADING.-Foreign houses d..,
5000 shares in the local market all purchases
London the general market was firm Gopher chs
duh. with a decidedly cautious tone among buy--
The consumptive demand is light II was sais
London that one-half OF the japanese loan Of
0oo.0o0 might be offered in New-York Several u
the South African mining corporations anunr.
additional capital issues and more are talked
Nevertheless the selling Of the Kaffr stocks lool
like bear attack American stocks on the EN-
closed easy. with the Steel issues rather weak
good support evident in Union Pacific and sou
ern Pacific
FAILURES REPORTED BY "RRADsTRET7s
-'Bradstreets" in its issue on SATURDAY. win "A
that April had fewer failures and smaller fai-a
loss than In March in fact. any nrsvl-s
months this year, but compared with April a ysr
ago casualties and liabilities alike were nus
heavier The number OF failures in April was 3
with assets s. So 263 and liabilities S1374O 81 agar
70s failures assets S5579 500 and liabilities SN-s
a57 in April. 1903. From January to April IL
failures numbered ASA assets sS4. 75s.55S and ID
bilites So 80 432 against 3341 failures with asses
Of Sl9O23Ss and liabilities OF SOS 5s5522 for the ns
period IN 1908.
GOLD EXPORTS-CsoId. "a. the amount OF s1-gi-
900 engaged for export yesterday for shipmear
70 Paris by tO-day's steamer. OF this amount
Lazard F'reres took 100000 the balance beng en-
gagged by Heldelbach. Ichelheimer & Co. TM'
makes 81 $4,000 taken 80 far this week and s35N
600 since the movement 10 Paris began on Apri
The greater part Of this amount has come hz
the banks.
APPLICATION To LIST.-AppIication has ts
made to the Stock Exchange by the CincinnE
Findlay and Fort Wayne Railway Company TO q
100000 first mortgage 4 per cent bonds Of ~.
The louisiana and Arkansas Railway Compa-
has applied list s2724OoO first mortgage per es
bonds OF 1927.
RAILROAD EARNINGS.-Of the railroads \
far reporting gross earnings for April three SIR
increases over April a year ago and six decrsass
The net falling off from last year Is S1S50o0 ~
heaviest decrease is shown by the Hooking va-E
and the Denver and Rio Grande. Wabash 81
earnings increased nearly S4,O00.
SOUTHERN RAILWAY.-Earning OF the Sou,
ern Railway for March. which were received -
terday. show gain in gross of S2Ss.oOo and g
in net Of Sl4S0oO. From July l. 1905 gross earn-a
OF this company have increased g $50 Sl3. while
earnings have increased $970.Sii
ROCK ISLAND EARNINGS DECREASE
Earnings OF the Rock Island system for Mar
showed a decrease in gross of $4,000 and decrH
in net OF S4Se.010 operating expenses having
creased S4S.00O. From July l gross earnings "a
increased S70toOo. while net earnings have q
creased s.. S62.O9.
EFFECT OF THE BESSENIER ORE DISSOA1
TION.-Iron and steel men in this city beIeve u
the first effect OF the disruption Of the Besssn
/
of by consumers who will look Cor lower prizes
finished products
LACKAWANNAS NEW FREIGHT AGENClsaj
The Lackawanna Road has established two u
commercial freight agencies. one in Clevelaaa a.
the other in Minneapolis. This is undersioa
represent the policy the part OF the LAeA'
wanna Of increasing its identity in the West
representation in these cities hereto ore being
fined 10 line agents The new Cleveland Office
be represented by John J. Byrne. and the new -
neapolis agency will be in charge of z. H. Eae-
HEAVY PAYMENT OF JAPANESE COL
The local Sub-TreasUry has paid 20 the I"
81 20. 600 on Geographic order against the as'
AT the San Francisco mint Of imported Jspa
yen. .,.,Il
PRESIDENT OF UNITED STATES CASlA.I
Ty tOMPANY.-Gen. r. F. Tracy, ex-Secre
Of the Navy. has been elected president o.
United States Casualty Company TO succeed "a
W Huxley. deceased