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

FOREIGN TRADING.-Foreign houses were not
active in the local market. dealing in 5000 shares
mostly purchases. In London consols, after al
vancing fraction. closed unchanged from the pre-
cedRg day. japanese as were lower and Russian
IS higher. The general list was firm. Discounts
trihe higher.
AMERICAN CAR AND FOUNDRY-The annual
meeting Of the American Car and Foundry Com
pany viii be held o. June 80 when the report OF
earnings for the year will be presented A special
meeting of the stockholders has been called for
June g to act upon the proposition for the CLASH
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 or three Of
its fifteen plants in operation is not correct The
report should read that only two three OF the
plants idle.
MOVEMENT OF MONEY-The decline IN the
price OF cotton has been effective IN releasing a
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 100000 owing to payments for
japanese gold received at San Francisco. It IS ex-
pected that the estimated movement Of currency
Tor 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 earn
ings loss OF $4,000, while surplus after interest
and rentals shows loss Of over Sl160OO comparison
being made with the month last year. From
july = 20 April 50 gross earnings nave increased
$52looo. net earnings Sl1. BIS and surplus S3719S.
MISSOURrS CROP REPORT-The Missouri
State crop report for June shows a condition OF
wheat Of 81 per cent. corn 20 per cent and oats n
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 S252S decline Of s6O25 from the
same period 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. PAUIIs EARNINGS
Gross earnings OF the Chicago Milwaukee and St.
Paul Railway for April show a decrease Of S219 555
In gross and decrease OF SIS 6l5 in net. For the
ten months OF the fiscal year the company shows
increase in gross earnings OF a tribe over 81
CoOc0O and increase OF over $4,000 in net earn
ings
JAPANESE BOND SYNDICATE PROFITS
Profits OF the syndicate formed TO underwrite the
japanese war loan per cent bonds amounted Il
Is understood TO above 100000. Checks were
mailed To the members OF the syndicate yesterday
APPLICATION TO LIST.-Applicaton has been
made 10 the Stock Exchange to list $4,000 addi-
tional first mortgage per cent bonds OF the Rio
Grande Junction Railway Company.
CONSOLIDATED GAS.-Consolidated Gas stock
compauys capital stock from $50 100000 to 000O
coo in connection with issuing $2000OOoO debenture
bonds. convertible into stock after three years.
LOWER PRICE FOR STOCK EXCHANGE
SEATS-A sale of a stock Exchange seat was
made yesterday at $5SOC0 decline OF 5000 from
the last preceding transfer 1t was reported that
H. D. Spears was the seller.
ELECTED VICE-PRESIDENT.-P NJ Now
rev who for the last three years has been con
been elected vice-president OF the Engineering
Company OF America.