New-York tribune., 1905-07-07
WALL STREET AND EXCHANGES.

FOREIGN TRADING-ForeiGn houses dealt in
$4,000 shares OF which 20,000 were purchases In
London consoIs were Is per cent lower at So1s and
the foreign bond market rather weak. The
mining market lost some of it's recent rally The
Bank of England did not change its rate. and made
a rather weak return, showing exceptionally low
proportion of to liabilities even for the time
of the year and a heavy loss of bullion on the
week The Bank of England figures had more
direct influence prices than the International
political situation. which seems TO cause only
moderate amount of anxiety so long as monthly and
fortnightly settlements are out of the way. Money
was easy enough abroad. but the French demand
for gold from London continues
MARKET GOSSIP.-There are indications that
there is more powerful and active bull party in
Peoples Gas than there has been for some time
Advices from Chicago to indicate that the en-
forcement of 75-cent gas is still a long way on
Some of the traders think that Mr.. Keene's hand
is traceable in recent movements American sugar
was one of the early bull points and a certain
extent made good in the early trading People
close TO the Havemeyers are doing nothing in the
market. if their usual representatives are TO be be-
lieved but lower Wall Street is not bearish. Apart
from the pool realizing in Brooklyn Rapid Transit
there was some selling from quarters where bull
information has been invariably forthcoming for
time past. For some reason not disclosed the
politicians have been taking profits. WaSsermann
Brothers open buyers of Reading, giving
good deal of support; but did not seem to have
quite so good a following Wednesday. Hal
sted & Hodges among the best buyers Of
Erie which seemed 10 be less manipulated than
Reading and perhaps better bought. The traders
thought the Gates following had taken hold OF
Union Pacific again. Charles G. Gates Co
bought freely with fair following OF active COM
mission houses like Halle & Stieglitz and others.
REGULAR UNITED STATES RUBBER PRE-
FFRRED DIVIDEND.-The United States Rubber
Company has declared the regular quarterly dtvt-
dend of per it's preferred stock out of the
rk-FJf
companies for the three months ended June so.
1906 The net earnings for the first quarter OF the
year June gartialy esttmated). were S96s.751- The
net earnings for the corresponding period OF last
year were sS56.5l0 This years figures show in
crease over those OF year ago Of Sl002H- The
dividend declared is the full quarterly rate 10
which the preferred stock is entitled Three months
ago the company declared a regular quarterly divt-
dend OF per cent. and extra dividend Of IL
per cent. This made the full per cent the
preferred stock for the last fiscal year. The d-
rectors decided not TO declare dividend on the
common stock. although the earnings are largely
in excess of the requirements for the preferred
dividend.
CANADIAN PACIFIC.-The revenues Of the
Canadian Pacific and its subsidiaries are showing
among the best of the year. The parent road
shows for the eleven months a net increase Of
81 As.000. or nearly 10 per cent. while the net on
the 500" Line for the same period shows an in
crease Of S90S.0OO. or more than 81 per cent. The
cident upon the development OF the new country
in the Northwest. The Canadian Northwest has
made wonderful progress in the last few years.
The boom appears healthful the people all
going into farming and its branches. The 500
Line carries an immense amount of American made
material the line and is handling an In
creasing amount of Pacific Coast traffic east
and west and of Canadian wheat south The new
business is a natural outgrowth OF the new coun-
try.
UNION PACIFIC.-The Union Pacific dividend
meeting will probably be held this month. as Mr..
Hartman is going away before the beginning ~
August. The best information present obtain
aole points TO a serni-annual dividend of Pc per
cent on the common stock, making per CEN
rGte
GREENE GiOLD-SILVER-J. B. ShowaIter. OF
Washington, and Ex-Governor L a. Woodburg or
Burlington Vt. have been elected directors OF the
Greene Consolidated Gold Silver Company. suc-ev,.-
ing Henry O!lesheimer and Fhili. Nellznei.ner Ie-
signed L. II. Hole. Of W. y. Coies * Co. has
been elected third vice-presiden NJ ami member OF
the executive committee
STOCK TAX RnC EIPTS Receipts from the
safes of stocks unvr the stock transfer tax L4.,
Tor the first month were about SOJ.Uyl or a...ut
|Svoooo for the yeas which Is above the estimate
state Controller Kelsey 70 stlrt an in
vestisation 10 ascertain # ,ne s5-.atea brcixat
shops are 10 comply with the state tax Jaw.
AMERICAN LOCOMOIIv in wei Informed
quarters 1t IS stated that TIE aanu.tl re.o,, M e,
American Locomotive Cclc Iany WI. slcv- an r-yt
mately Nsoo.0oo charged on. .-.er a. ,a.,r....
the preferred dividend for es-t-ao.o4aI., l.l .c,,
ments- This amount, ADDED 10 abo,., s,,-.s. To-. A 3
viii be carried to PROFIT ard icss surpIu. .4A es d,
total Of about s2oott0 4A.s aiLuLnt wouL. L.,
equal to about per cent on the S-5.t41Oo outs,aa
Ing common stock
DENVER AND RIO GRANDE.-The Nav earn
inss Of Denver and Rio Grande show an inersas,