New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-12

FOREIGN TRADING.-F FOREIGN houses dealt I'm
l5,GG9 shares. buying balance In London the
general market still rather heavy and I'M
settled, Consos lost Is per cent at S9i. and Jap
anese bonds weaker. The uncertainties OF
the settlement were stl the dominant factor. but
apparently the forced liquidation in the American
market has about its course. The Bank of
England did not charge its rate, but made q no
tceab!y good return, showing a high promotion
of reserve to liabilities and substantial gain In
bullion on the week, due, of course, to the sus-
pension OF the French demand for gold. Consld-
ering the settlement requirements money VAS
easy, and unless the demands on Friday are quite
unexpectedly large should continue for some
time 20 come
SOUTHERN PACIFIC DIVIDEND PROS
PECTS.-In the last three years the Southern Pa
cifc Company has expended on improvements on
its property average cf about $l5O0oCJ0 a year.
all Of which taken out Of current earnings,
In the last four years these diversions from earn
ings into Improvements have totsued over $1,000,
0D. As a consequence of these improvements,
which have included largely increased equipment,
the company's gross earnings from transportation
IN four years have increased from 100000 year
$50. 0OOC0o n year. 1t is understood that the
agoment now considers it unnecessary further 10
divert earnings FOR this purpose. the proceeds
OF the bonds available for marketing win pro-
vide the funds necessary to complete the original
Hartman programme for bringing the physical
condition OF the property up TO the first class
BANKERS OFFICERS ELECTED.-At the
nual meeting OF Group No. 5 OF the NewYoril
State Bankers Association. held Wednesday At
the New-York Clearing House. the following
elected 10 serve for the present year: Herbert l.
GriEEs. president Of the Bank ~ Ecw-York. chair
man. Francis Halpin. cashier Of the Chemical Ma
tional Bank secretary and treasurer. These elected
70 serve on the executive committee were a. 5.
Frisscl. William c. Duyau. William Woodward II.
NJ, Kllboru and e.. G.. Thompson. The secretary
and treasurer report the group In nourishing
ditiou. and that IL now comprises l1G banks.
ARIZONA CoNSOLIDATED.-Thc was
IN Arizona Consolidated Copper. Transactions in
about zo shares we're reported at 29's to Sols at
the CLOSE This stock reacted only about points
In me recent recession in prices. a circumstance
familiar with thu property TO ACQUIRE The stocE
because recent developments Al the mines have
yeloping The property the richness OF the ore
and the profits VIII be more than fulfilled.
KANSAS CITY SOUTHERN CONTROL.-A
utiye committee Of the Kansas City Southern
ns H6c6 % BE- oa May 70 Af5 @PG 5he meet meet
The me rn Wa nam hons o'TT NE Hfe M At;
it is now settled beyond dispute that Mr. sSlcken
ana the interests he represents Will control the an
nual meeting.
SOUTHERN RAILWAYS GAIN-Earnings OF
sho " q, gain of sh see, making from July gain
period year ago.
soUTHWEsTERN RAILROAD EARNINGS
shows gain in gross Of 81 ass Missouri = Pacd,
a gain OF $1,000 Missouri Kansas and Texas a gain
of $54eis and Texas and Pacific a gain Of $ll.OS4.
AINNEAPOI4IS AND ST. IOUIS.-The Minneap-
oils and St. Louis Railroad Company has applied
to list on the Stock Exchange 100000 additional
first mortgage per cent bonds of 1919
LEAD MERGER PLANS-TEe plans for the
merger OF the National Lead Company and the
United Lead Company practically have been COM
Peted and It Is understood viii be submitted to
approval at their meeting on May IS '''p'''S '0'
iron AGE DIRECTORY" ISSUED-The ninth
annual edition of the Iron Aee Directory pub
lshed by The Iron Age" has Just been IssI,ed
The 9rincipa feature Of the little volume is the
Users in The Iron Age with the names Of tho
several manufacturers. The directory also rIvrs
many interesting and valuable details regarding the
iron trade. ''9 ''iO