New-York tribune., 1905-06-07
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses oeate ~ ~ |
ZOO shares in the local market seinns - 1s
sbsras In London consol5 were unchahBeu' civ
Tie General market was steady at first, out "eaN-
w @ - .ho,pina some depression in the Rus
,a, ,,d KafBr issues on the resignation OF NJ Del-
casse the French Foreign Minister. MONEY ""
s.sy although there are calls due efnls "eeA
which NAV harden rates for the moment Inoro =
no prospect, however. Of any reaI suiieiiiAe
the end of the half year at tho earnest
C,osT OF LIyING.-Dun's Index Numoer VI
nrices proportoned to consumption was
sos 75s on June I. compared with ss'oo4 .
nreviors and 500 951 year ago. Ihe rise VI L. 70
cont during the month of May was an unseasonaois
-. ne +he tendency is usually downward
~ +b,s time OF wear but the exceptional aoVaiee
"a really explained by the sensational specuia sp,
IN grain that forced settlements OF the May op0A
az inflated figures. Despite tho Violent ao' anee'
h-aods+urs are still lower than at any time iroliA
80, hecr IN the beeinning of last year, indicat-
ING tne. abnormal quotations for grain ere sraoa
aIIy becoming eliminated. This is an especial.
important fact in it's bearing upon foreign trsao' ~
during the last year or more exports nave iai'eN
an INSIGNIFICANT position. Anotnef eioit.AI
.sr.+h In the course of prices was the advance
IN ram materials Of the textile industry, notaDi'
cotton and wool AS all these articles arc u "a %
ner captta consumption they have mucn weight IA
a compilation Of this nature. which takes into &C
count the relative Importance OF each OF the iii,
hundred quotations considered The decline VI
slightly over 2 Der cent in comparison WIN INC
corresponding date in 1904 occurred IN arucles %
food chiefly breadstuffs and dairy ana garoen
products while most other sections sho"eo MUS
or less advance during the year
ROCK ISLAND EXTRA DIVlDENO-AIIiois
tho "deferred liabilities" showing on the oaIance
sheet Of the Chicago Rock Island and Pacino fIau-
way Company OF June 80. lsO4, Is tite 80
..stockbolders' Improvement Loan. s1,222sAL Inc
directors have determined to discharge TINS AAph-
,t,, The item consists of sT5o,00O transferred oy
the board of directors IN 1885 from income account
to the credit Of addition and improvement . ao9
sAs9 400 similarly transferred In 1885, anu cei'a
small unpaid balances upon aodilioH anu -
rnent bonds No. to hereinafter referreo TO- 0oi
~. s76o Ooo 40 transferred IN 1885 the company II
June 1885 issued its Improvement pono w. o.
1ybare,n Il acknowledged itself to be lndeoteu u
the treasurer Of the company, Whlch sum 1t p,o
,..a IN nav twenty years thereafter with either
.,sb or yul maid shares of capital stock, as the
connnany should at the time elect The poho iuf
ther provided that when the same shoulo pe p
tho proceeds OF the payment should be olstrlOuleo
nronort,onateIy among the stockholders OF the
cononanv This bond was of like tenor Win auoi
t,on and Improvement bonds No. to previously
issued aggregating s7Ooo.0oo. all Of which was paio
by the company by the distribution 10 stOcAlioiU0
on July l. 1898, of shares Of capital Stock assFe-
eating 10 per cent OF the holdings, and oy the pay
rnent for the period July l, 1898, to January
1909 of a special quarterly dividend OF one
quarter of l per cent on the capital STOCK. DIS
tribution OF the amount pro rata among suocA-
holders will be made on ana e1te1 JuIe 10 4OOO
For the purposes OF these payments the uaiisiei
hooks will close June 16 and reopen July ).
roNDON STOCK EXCHANGE IISTINGs.-The
london Stock Exchange has granted an ofncla4
quotation for st. Paul. Minneapolis and Aianitooa
Railway Company 100000 additional hf1y-year
ner cent sterling bonds Pacific extension ana que
bee and Lake ST. Johns Railway Company furtner
Iss,,e of f75 COO per cent prior lien bonds and
Cuayaoun and Quito Railway Company further
issue of $4,000 per cent first mortgage gold bonus
The following have applied for official quotauoa Oh
the London Stock Exchange: United States OF Mex
leo 81 $4,000 per gold bonds of 1884, IN heu OF
the temporary certificates now quoted and S8SSO'o"
4 per cent gold bonds 1904. issued abroad; Gfalhu
Trunk Railway Company of Canada. further lssue
of S55143 per cent stock and Buenos Ayres ana
Rosario Railway Company. Limited, 10000 ne"
shares, 1885, of f10 each f2 paid.
IRON CONDITIONS IMPROvE.-A contract for
5000 of basic iron has been placed with Rogers
Brown & Co. This is the largest order that has
been reported in time The price paid for
the iron was slightly higher then the quotations
for preceding sales Within the next few days 1t
is expected that number of inquiries will develop
into actual contracts. Manufacturers report quite
al Improvement in conditions The dull period
started in about five weeks ago. and they now say
that indications point to an early break in the
deadlock that has existed between producers and
consum ers.
AMERICAN STEEL FOUNDRIEs.-The sharp
break in American Steel Foundries preferred over
the last two days is due to liquidation by interests
who are confident that dividends will not be re-
surned the preferred stock in July. 1t was re-
ported yesterday. however. that a majority of the
directors favored the declaration of a dividend
STEEL BILLET POOL.-The report from Pitts
burg that the United States Steel Corporation and
other influential members Of the steel billet pool
have decided that the association need not now
be dissolved is confirmed so far the views OF the
individual members concerned. It Is now con-
sidered possible that the pool schedule may be
tinued into the second half year without change
The threatened trouble prices and pending
contracts is said to be well on toward adjust
ment that all the members are satisfied
REPUBLIC IRON AND STEEL.-It is under
manufacturer OF Western PENNSYLVANIA VIII be
elected the vacancy in the board of the Republic
Iron and Steel Company caused by the death OF
p. L. Kimberly Mr. OH was at time direc-
tor of the Republic. but resigned some time ago.
He will probably represent the Kimberly estate on
the board.
SUGAR MARKET CONDITIONS--on o. two
lots of Just arrived offered at present
basis of ssc for 96 test centrifugal sugar but the
is held for higher prices Meanwhile refrers seem
to be quite Indifferent about buying sugar but II Is
said that they will have come into the market
very soon for considerable line CT sugar The
demand for refined sugar is picking up as result
Of the warmer weather.
ST. LOUIS SOUTHWESTERN EARNINGS
Earnings CT the St Louis Southwestern continue
TO reflect great prosperity in the section of the
country served by the company's lines For the
last week in May gross receipts showed an increase
of s24.5sl making for the month gain Of sll4 503
comparison being made with the same period a
year From July l gross earnings have in
creased Sl,I24.425.