New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-25

Is are 1S per cent higher at $751; Tia PART.
was firm and the Berlin Boerse quiet
STOCK LOAN OUOTATIONs-Loan ouo.,.,.-
were: Amalgamated Copper, Anaconda sD,a~,o'
Ice Brooklyn Rapid Transit. Erie common psoo,s@'
Gas. Reading first preferred Rock Island -.t
Railway preferred. Southern Pacific s,,s, III -
nessee Coal and Iron. United States SteoI -ei'
United States Leather preferred Waba.h
: ferred, Shelters common. Republic Steel Cows
ia per cent; Atchison common and ,rs ,-'
Baltimore and Ohio common Canadt 1,9lie a.
Consolidated Gas. Delaware and Hudso, 49,
and Western. Metropolitan Street Railvra, lis
Pacific common and preferred Units5 s.-.on
Steel preferred. IL per cent: Erie first a,a ~
preferred. Louisville and Nashville. Manba.+a"
Missouri Pacific. 11z@1% per cent ~ !, oa,
Central. Pennsylvania. 1Gp1l4 per cent. 81
per cent; Western Union Shelters prefarros :, -
public Steel preferred. nat; American I, ,;- re
preferred, LES per cent; Pressed Car nres o.lss
LIS Per cent. Ted
WABASH'S FIFTY-YEAR CONTRACv
tract to last fifty years for an INTERCHANGE eun-
between the Wabash Railroad and the v-ss ealo
and Lake Erie Terminal Railroad Companv ing ing
signed. This contract provides that of the zen
Of all freight originating in the Pittshrr - IS
minal and accruins 10 the Wabash and 49,. 1er-
and Pittsburg railroads % per cent shan,
aside to guarantee the interest on the SIS oon
mortgage bonds OF the Terminal road and ~
100000 second mortgage bonds. This prov,s, -A-
made because of the fact that for a vaa. = As
the Terminal will be in a constructive. oos, sso
and that heavy earnings will be irpossbI ~
amount in excess Of the s25.Oe0OOO of the Arv+ No
gage bonds viii be issued until the interest ~.
in the second mortgage bonds. o
TO REDUCE PIG IRON OCTPUT-A co,.,s
able curtailment OF the pig iron output a, g.
United States is expected by or before July I rL
general estimate of this reduction is from ~ -
10 per cent Of the present output In 1902 the ~.
iron production was about IS 900 coo tons
APPLICATION To LIST
made to the Stock Exchange TO list Of Pfttsbrr-
Fort Wayne and Chicago Railroad Conpanv e.
$4,000 additional guaranteed special stock
BROOKLYN RAPID TRANsITS HEAvIEsr
DAY.-It was officially stated at the Office 90 ~.
Brooklyn Rapid Transit Company that SUNDAY
was not only the heaviest May Sunday thar tba
company ever experienced. but that it was o1.o
the heaviest day in the history of the company,
NEW CUBAN BONDS IN DEMAND.-Tbe nazv
Cuban bonds were a feature OF the trading on tha
curb yesterday, advancing Z per cent over Mon,
days price and selling at premium of IL per cent
Over s25oON0 bonds. when issued were dealt in a,
a price ranging from 9S14 to 9Sai. and the latter
price was bid for small lots. From indications a,
present the issue will be heavily oversubscrbe5
The interest taken in them abroad is as keen as
here. and London cable advices report that they
are being traded in there at -. per cent premium
To BE CLOSED SATURDAY-The Produce
Cotton and Coffee exchanges will be closed on Sat-
urday. The governing committee of the Stock Fx-
change will to-day take action on the recent resolu-
ton OF the members in favor OF closing the Ex-
change on Saturday. making triple holiday and
it is understood that the Consolidated Exchangs
will follow the course decided on by the Stock
Exchange.
NEW DIRECTOR CHOSEN.-At a meeting Of
the board Of directors of the Philadelphia and
Reading Coal and Iron Company held in this city
yesterday. George c. Thomas resigned as a direc-
tor and Edward T. Stotesbury was elected in his
place. Both men are members Of the house OF J. P
Morgan & Co.. and the change is said to have no
significance.
HAVE SOLD THEIR SEATS.-Howard Bayley
Of No. % Broadway. and J. H. Goldberg. OF No. so
Broadway. have sold their seats on the Consol-
dated Exchange. Whether or not the seats were
sold TO the exchange could not be learned.
MORE GOLD To Go OUT.-At the Assay Ofics
IT said yesterday that from 81 10000 to S2O0Oeo
in gold bars would be available for shipment TO-
morrow. 1t IS expected that Lazard Freres VIII
ship TO Paris the full amount.