New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-25
WALL, STREET AND EXCHANGES.

inward Of ten thousand shares in the local MAJ
ket buying on balance. In the London marks,
British consos were fraetionally lower while the
Japanese Is and the Russian As were higher. Trad
ing on the London Stock Exchange light In
volume with heaviness In the railway shares. In
Paris rentes were higher.
STOCK LOAN QUOTATIONS.-There COCA
demand IN the stock loan department Of the stocx
exchange Yesterday for Atchison common Penn
svIvania and Car Foundry preferred Loan quota
tfons were: Amalgamated Copper, Anaconda
American Ice, Brooklyn Rapid Transit, Baltrnors
and Ohio common Canadian Pacinc. Consolidated
Gas. Delaware and Hudson. Erie common. Louis
willie and Nashville. Manhattan. Missouri Pacific
PaoD1e.s Gas Reading first preferred. Rock Island
Southern Railway preferred. southern Pacific.
Sugar Refining. Tennessee Coal and Iron, United
States Steel common. Wabash preferred, United
states Leather preferred, Shelters common and
ReDubllc Steel common. 1G1A per cent; Atchison
common and preferred. Erie first and second pre-
ferred Norfolk and Western, Metropolitan Street
Railway Union Pacific common and preferred.
United States Steel preferred. 1 per cent; New
York Central. Z per cent; pennsylvania and
St Paul q per cent; Western Union. fiat; smelters
nrafsrred hatG1-256: Republic Steel preferred
American Locomotive preferred and Pressed Steel
Car preferred. 1-256; Car Foundry preferred Liza
NEW RAILROAD OBSERVATION-DISCLOSURES to
..TbA Railroad Gazette the following companies
have ordered cars from the American Car and
Foundry Company: The Minneapolis and ST. Louis
Railroad Company. 400 box cars; the Tehuantepeo
National Railway. 20 freight cars; the chesapeake
and Ohio Railway Company. 1 fat car and gon-
5oIas The Pressed Steel Car Company has e.
cefved an order from the SoIvay Process Company
for y freight cars. The Wisconsin and Michigan
Railway Company is about to build ID" standard
fiat cars at it's Peshtigo shops. The Green Bay and
Western Railroad Company is having ISO freight
cars built The Canadian Pacific Railway Company
has ordered 50 ore cars The American Locomotive
Con,panv has received an order from the Ohio and
Kentucky Railroad Company for two locomotives.
A concern in Philadelphia is building one locono-
tive for the Guatemala Central Railroad
DECLINE IN WHEAT EXPORTS.-Exports os
wheat this week declined 772.OO0 bush. from thu
preceding week and 2.246.u5 bush. as compared
with the same week last year Exports OF corn.
while slightly heavier than week ago. were $500
bush below the corresponding time IN ISS. sincs
Tu1v wheat 7exports have been 1S2. III sSs bush.
against o SCI bush. last year. In the same tine
exports of corn have been 6lOlS's7o nush' against
5.5S5.S14 bush. in 1903.
BALTIMORE AND OHIO EARNINGs-A-
though the May earnings OF the Baltimore and Ohio
Railroad show net decrease OF nearly three
quarters of a million dollars matter OF fact
the real showing is not nearly bad The COM
panv makes public monthly its earnings from
traf1c only and does not include therein its other
income AS a matter OF fact, the company earned
its full fixed charges. taxes and dividends IN thu
first seven months OF the present fiscal year. and
~ is understood that for the first ten months os
the wear the actual decrease IN the total net In
come was only about S250000, which Is an exceed
ingly good showing when IT is taken into considers
zion that there has been a large falling on IN
traffic and the expenses OF maintenance OF tho
nro,ertv very greatly increased by the foods and
other ravages OF the hardest winter that the rail-
roads have had in good many years The ex-
penses OF the company are now very well IN hand
and II IS understood from good authority that q
large reduction has been made in the working torce
20 conform with the conditions that now exist.
and that the June showing will Be much better
As IT IS the company expects to end this fiscal
wear with a comfortable surplus over al charges
and dividends.
WEEKS MOVEMENT OF MONEY.-Estimatss
r,ade Yesterday by the local banks indicate that
cash holdings have increased the weeks move
nent OF currency nearly 81 10000 The greater part
OF the gain was due 20 receipts OF currency from
the interior.
APPLICATION TO LIST.-Applcation has been
made 10 the Stock Exchange by the Chicago, Bur-
1lDgton and Quincy Railroad Company to list SS5'-
90 additional Illinois division mortgage ss per cent
bonds
WESTERN MARYLAND sYNDIcATE--Ths
svdicate formed 70 underwrtte S50oOoo first mort
age bonds OF the Western Maryland company
I expIres BY limitation July l. and 1t IS UNDER
stood that II will not be extended beyond that date
JULY STOCK EXCHANGE DIRECTORf-A
new Stock Exchange directory corlpiled by Charles
I. Burnhan. acting secretary or the exchange IS
now ready for distribution
LARGE STETSON DIVIDENDS-The regular
semi-annual dividend OF per cent on the pre-
ferred stock and interim dividend or 10 per
cent on the common stock OF the John B. Stetson
COMPANY have been declared by the directors The
business OF the company for the half year was
considerably larger than even that Of 1892 and lS
Dividends are payable on July IS
BACK ON 'CHANGE.-Henry ". Warner ot
Warner & Co, No % Broadway, was yesterday re-
instated 10 membership on the New-York Stock
Exchange. On June %, 1895 he was suspended for
a year for alleged interference with employs Of
another firm.
CONNECTICUT RAILWAY AND LIGHTING
CONIPANY'S BONDS-J. & W. Seliguan & Co. ct
New-York City advise the holders OF the Connecti-
cut Railway and Lighting Companys first and
refunding AZ per cent hfty-year gold bonds that
agreement and supplemental mortgage. dated Juns
8 1874 has been executed BY the United Gas
Improvement Company. the Connecticut Railway
and Lighting COMPANY and the Colonial Trust Com
pauy By which the nrst named agrees 10 guarantees
by Endorsement the interest OF the bonds Of the
Railway and Lighting company. Of which S50N"o
have been authorized and SO269 600 outstanding
The Connecticut Railway and Lighting Company
agrees 10 establish for the benefit OF the bonds 50
guaranteed a sinking fund OF one-hals OF per eens
per annum on the total amount OF outstanding first
and refundins bonds. in consideration OF an Opuon
TO the United Gas IMPROVEMENT Company to pur-
and Lighting Company call the bonds so guar
anteed on any coupon date at 106 and interest. .
Holders of first and refunding bonds desiring 70
secure the benefits Of this agreement and supR.e-
mental mortgage by giving TO the United Gas In
prOvement Company the option to purchase, ana 20
the Connecticut Railway and Lighting Company
the option to call. bonds guaranteed, at any
coupon date at 100 and interest are requested 20
present their bonds. on or before August 10. EvI,
TO the Colonial Trust Company. New-YOrk TO pa
stamped subject thereto and for the endorsements
thereon of the guarantee and stipulation
Copies OF the agreement and supplemental agres-
ment may be obtained at the offices OF ]. & W.
seIigman & Co. or that OF the Colonial Trust COM
pany New-YOrk.
s MUM. SON & CO.'S SEATS POSTED FOR
TRANSFER-The seats the New-YOrk Cotton
/ e haV3