New-York tribune., 1905-02-07
WALL STREET AND EXCHANGES.

-,opr4c>- FADTNG-Foreign houses dealt in
% 900 shares in the local market buying DIV ol
balance In London consols were heaVy' anu iot
eie-, bonds we're steady. The general market as
Quiet without important change money was IN
active. ., >-.,.,oI
pank withdrew $4,000 in gold coin from the
Clearing House for export to-day TO South Amer.
PAIRING Magoun & Co.. who have the can ON 1ii0
Assay Office supply of gold bars ror TINS "eeN'
t.,e decided not to ship by to-day's steamer 1or
r-,,ro-o The exchange market wes strong most OF
the dav. but IN London the price OF bar gold was
reduced and the Paris demand Tor the ihe'A4 was
renorted lighter. Arrangements nave peeh hduo
for the shipment of $5O0oOoO gold oars IFolI ei'
I1bt1adelphia Mint to the New-York Assay once
,+ht- the next two or three days. These bars
will be distributed eQuitably among the eolo eA en-
orters II Is probable that the entire amount WILL
be shipped to Europe this week
[ATTONAI, LF1AD.-Two reasons are assigned
4o- the advance in National Lead stocks. One is
+,o+ the company will soon issue its annual report
showing that In 1904 the earnings were the largest
IN several years past. The other Is thaC IN VOL
Uniformed circles It is known that plans 10 merge
the lead companies again being considered
Enorts have been made repeatedly to merge the
National Lead and the United Lead Company, with
ont success. Standard Oil interests are IN the
former while American Smelling Interests TO-
gether with the Morton Trust company ooh'ro4
the latter.
street Journal says there IS truth in the rumor
that the Minneapolis and ST. Louis Will Duy the
Chicago Great Western Nor Is there any TuUh
in the statement that the same road has bought
the Iowa Central. The Hawley system IN the
Northwest consists Of the Minneapolis and 81
Touis and the Iowa Central, distinct companies
The former has recently bought the Des MONIES
and Fort Dodge and has arranged tracKase over
the Chicago. Burlington and quincy 10 connect TINS
line with the Iowa Central.
a
certificates at the New-York Produce Exchange
opened dull and featureless. There were no Dlos'
Asked quotations follow: February, $40 20; March
and Nav. SIC 70; June S16 co. July. SIG 80. On the
second call there a slight improvement IN lie
demand. but prices were weaker There was a
sale Of 100 tons of March. Closing quotations fol-
low: March, SIG O5@s16 %; April. May June and
July SIC O5Qs16 90.
UNITED STATES STEEL.-In January the Unit
ed States Steel Corporation added 10000 tons TO
IT'S orders on hand At the close of the December
81 quarter the United States Steel Corporation re-
ported a total of 46s6.2o3 tons OF steel materials
contracted for. and the further receipt OF orders
for 5OoOeO tons during January has brought the
orders booked to about 100000 tons, or within
100000 of the record tonnage for the company.
which was 541o.7l9 tons.
PENNSYLVANIA EARNINGS IN 1sO4.-In the
year ended December 81, 1903 the Pennsylvania
Railroad showed a surplus over fixed charges
amounting to $275065O7. equal to per cent on the
S300OOeG0O stock. This surplus represented the
earnings over charges the Eastern lines and
the other income. The loss of 81 100000 IN the net
earnings Of Eastern lines in 1904 indicates that
the direct earnings of the stock amounted to a
little less than per cent.
800" EARNINGS MISUNDERSTANDING of the
Minneapolis St. Paul Sault Ste. Marie for the
last week in February show increase of s4S Alb.
or &c per cent. making from the first of the fiscal
year a gain Of $7A72, comparison being made with
the same period in the year before
RAILROAD EARNINGS HEAVY-RaiIroa6s re
porting earnings yesterday for the last week in
January show for fifteen companies a total IN
crease Of $685. and for five companies a total
loss OF SSS'SS2. as compared with the same week a
year ago.
SOUTHERN RAILWAY EARNINGs.-Esrntpqs
Of the Southern Railway for the last week IN
January show decrease OF S5595o ss cororara5
with the same time a year ago