New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-19
WALL STREET AND EXCHANGES.

FOREIGN TRApING.-Foreign houses sold 5000
shares In the local market. In London Importance
was attached to the queter business IN the steel
trade and the probability Of the tariff question being
raised on the matter Of supplies for Panama The
Bank Of England did not change its rate, but made
a strong return, showing & high proportion OF re-
serve to liabilities and a good gain in bullion on
the week. Foreign bonds were weak early, but re-
covered later. Money very easy. Consols
firm,
UNITED STATES sTEEL.-A director Of the
United States Steel Corporation says:
There seem TO be two sides to the steel business
Hne Is Ln az b otber ' Is What We see rs
directors OF the corporation, when We give our
attending meetings and sit up nights to consider
what we shall propose at the next meeting TO meet
arrears TO have discovered decline in the steel
demand for increased facilities to I'LL our steel
cent full in order to make proper renewals, but
we are now running them at 70 per cent OF tneiT
80 per cent, and 1t must further be increased I'M
but we see ahead of US steel situation 10 cope
with which our plants must be enlarged beyond
each week simply amazing US all
BALTIMORE AND OHIO's EARNINGs-The
statement Of the earnings from traffic and ex-
penses of the Baltimore and Ohio Railroad, eN-
elusive OF the controlled affiliated lines for the
month Of April, 1905, shows gross earnings OF Sot-3-
go against $500 $50 in April 1901 ncre So Of S22
304 Expenses 1895, $S3359.: 1901 $2Stt& increase,
$6S S Not earnings 1866, $7S994o; 1sl+ $l6AH+; in
crease, $5S.s75 For the ten months of the fiscal
year ended Spril 80. 1860 the gross earnings from
traffic We're S5501,7lS an increase Of $l6SSd92 The
expenses were $36.754,8S7. an increase Of $4lSg59
The net earnings We're $93r.3S1. an increase OF
S. ZIG 503 over the ten corresponding months Of 1901
TOLEDO, ST. LOUIS AND WESTERN.-Toledo,
St Louis and Western has applied to list 100000
preferred stock and 100000 common stock. The
ends
by limitation July / The listing Of 100000
preferred and 100000 common stock Is pre-
liminary step to the calling IN Of the certificates
NEW STOCK EXCHANGE MEM 8ERS.-Phlllp
O. Mills. son Of Colonel 8. NJ Mills. L. S A. has
boon elected q member Of the Nev-YoTk Stock
Exchange he will join the firm OF Mills & GO.
Hubert NJ Schott and Morton D. Hutzler also nave
been elected members Of the Stock Exchange.
APPLICATIONS TO LIST-The following com
names have applied to the New-York Stock Elk
change TO list additional securities; The WABASH
Pi++shurg Terminal Railway Company. &Oa'O adj
dltional first mortgage per cent bonds Of 1851 the
Chicago Great Western Railway Company A.1SS''Vt
additional common stock
CANADIAN PACIFIC.-Vice-Presid Whyte OF
the Canadian Pacific Railway announces that the
work OF double tracking the main line from Fort
wraru to Winnipeg Will be started at once. and
will be completed within two years
DUN'S COTTON ACKNOWLEDGEMENTS to ''Dun's
Review from branch offices Of r. G. Dun & Co
located in the cotton belt indicate that it will re-
qulre abnormay favorable weather during the
rest Of the season to produce another record break
Inc crop, but a large yield may be- secured with
average conditions. In many sections there has
been a reduction Of about 10 per cent in acreage
although the voluntary decrease will not average
that much for the entire belt, but heavy rain has
retarded planting to such an extent in the South
west that further areas may be abandoned. These
reports Of slow progress in parts of Texas. Louis
ana and Arkansas also add to the probable loss
from insects later in the season. On the other
hand conditions in Georgia and the CarOlinas are
particularly favorable, planting being ended and
the cotton showing a good stand. For the entire
region there is only a moderate reduction in sales
Of fertilizers but the increased use for grain and
fruit suggests that actual cotton cultivation has
probably taken 10 per cent less than last year.