New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-06
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses deal, I,
5000 shares in the local market buying on baI.r.
In London profit taking was general tbrou,s,
the market up TO the close. The Argentina =,
Mexican issues were about the strongest so-
Of the selling of the Kaffr stocks was SIN :.
tributed to the quarrel among certain -.
African financial interests on pending auas,,,.
OF new finance. Paris was a BUYER AT tha ~,
OF few of the international issues The dacr.,~
of fS14OOO in the bank reserve is due to the rs,,
OF dividends and the requirements over the end =
the month.
STOCK LOAN QUOTATIoNs.-Loan quotati,.,
We're: Amalgamated Copper Anaconda 4r,a-,,
Ice. Brooklyn Rapid Transit Erie common Io~
Vile and Nashville, Manhattan Missouri psas
Norrolk and Western, Metropolitan Street. Pal
way. Peoples Gas. Reading first preferred Po.,
Island. Southern Railway preferred Southern ,.
enc sugar, Tennessee Coal and Iron. Unns
States Steel common. United States Leather NJ.
ferred. Wabash preferred. Shelters common ana
republic Steel common. IA per cent: Atcb,,,,
common and preferred. Baltimore and Ohm cam.
mon. Canadian Pacific. Consolidated Gas. p4,.
ware and Hudson. Erie first and second prsfsr-s,
ana Union Pacific common and preferred 1 n.
cent; New-York Central and St. Paul Il per cent
pennsylvania and United States Steel preferred
ga per cent. and Western Union. SHELTERS re
Ierreo' republic Steel preferred and America
Locomotive preferred fiat
SHELBY IRON DIVIDEND PASSED rt. a
rectors of the Shelby Iron Company held ,bs.
meeting yesterday and decided not TO declare 4,
dividend at this time. The Shelby Iron Comuauy
mas for years declared its dividends at irrseul,-
rates. depending entirely on the profits Of tia CON-
pahy- IL mas paid on an average for the last five
years 1512 per cent annually An officer ~ the
company said after the meeting that II had aunuls
funds on hand TO pay the dividend but a. IN,
market was slow and the company had A xoOs
amount OF iron on hand. for which there was con-
parattvely little sale the directors thought NJ
would be better policy TO hold off for a while as 4.
would be better for the company 10 be ananciaHy
snug and comfortable than TO depIete its cash r..
sources in times like these.
ONTARIO AND WESTERN BONDS TAKEN
Kuhn, Loeb & Co have purchased s.. 10000 New
York. Ontario and Western per cent bOnA
These bonds a part Of a total authorized tssal
OF S0.Oooeoo first mortgage per cent gold borA
of which about $17.OOO.0OO was outstanding prevus
TO this issue. 1t is understood that the process
OF the bonds will be used largely for REIMBURSE;
the treasury Of the company for payments made a.
account of extraordinary expenditures. such 81
double tracking. etc.
PRICE CURRENTS" CROP SUMlIARY.-"Ta
Price Current" says: The conditions during tsl
last week have been favorable for growth All
planting. and rapid progress has been made. Ts
condition of winter wheat has been maintains
and is now fractionally better than it was mont
ago. Preparations for a large acreage Of corn az
progressing favOrably. The interior movement q
all grains is light The weeks packing OF hogs a
the West aggregated 4s5.oOO. against $4,000 in Is
week last year"
RAILROAD EARNINGS DECLINE.-Of e'l
railroads reporting earnings yesterday for III
fourth week in April. nine companies show d
creases and two companies increases as compas
with the same period a year ago. Chicago Grs
Western lost S16.S16; Iowa Central S97c1 LOusaa
Tengt
S2l7S3; Missouri Pacific. $4,000; Southern RaHEsl
S25.125; St. Louis Southwestern ST. 1884, and Tais
and Pacific. S45.531 Kanawha and Michigan and
Central Branch Missouri Pacific showed iuSsnn-
cant increases. For the month OF March ST Loa'
Southwestern shows decrease OF net earninss
$3O1O4
GOLD EXPORTS.-No engagements Of gold y
export were made yesterday. but negotiations Ne
conducted for shipments next week II was =
ported after the close OF business that J. p NJ
gan & Co. might ship large amount Of the ns~
by the Germanic which sails Tomorrow.
ERIE SECURITIES TO BE LISTED-Ths =
Railroad has applied TO the New-York Stock =
change to list $47 S92 400 4 per cent non-cunlulal
first preferred stock; S16.00O,O0O ( per cent ~
cumulative second preferred stock, and Sll-SA
common stock. This application is made as =
suit of the exchange Of stock for voting u
certificates.
MICHIGAN CENTRAL'S NEW DIRECTOAS
The Michigan Central has elected William
Newman. William Rockefeller and James Stia-s
of New-Yor.S. and Frederick s Winston Oh y
cago. directors. .
The land commissioner of the Jackson. La's
and Saginaw Railroad Company reports INC
during the year OF 2S5l2 acres at an aveTaes -
OF Sc cents per acre. making receipts
this source $22214 The unsoId lands sun
hand amount 20 1887 acres. The total rev.
given as S7900 and total disbursement
sT.l6S. leaving a balance on January Ol -
The trustees Of the land grant fund ann. .s
the purchase and cancellations 81 $lOGSo WIS W.
bonds. leaving S1G5 cash on hand at the emu .