New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-05
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-Forelgn houses deaII IN
OO0 shares in the local market mostly sales. In
London consols lost Il per cent in the early trad
ing. but recovered part of it, Russian bonds were
little better and Japanese issues were unchanged
but peace talk seems to be abandoned for the pres
emit Copper stocks were frmer and the general
market was cheerful. Money was plentiful enough,
and. according to all European authorities. should
continue easy for some little time to come. 1t Is
thought that the Bank OF England rate may be
reduced to per cent early this spring
ST. LOUIS SOUTHWESTERN EARNINGS
Earnings of the st. Louis Southwestern for the
last week in March showed gain Of S1O5OSS. max
ing for the month gain of S204.2S0 and from July
a gain of S743,22s. The earnings for March are
the largest of any month in the history of the
company. The car movement has shown steady
increase over the same period Of last year in prac
tically every line of commodities carried by the
road. There has been large gain in the cotton
movement and significant and gratifying feature
has been the large increase in the local freight
movement. The winter wheat crop prospects all
through the Southwest reported to be extreme
~ promising and it will not be long before the
movement of this cereal to market will add further
the traffic of the company. The traffic. Of
hciaIs say that the freight movement is so heavy
in all directions that the company's equipment is
taxed to the utmost.
THREE MONTHS INSOLVENCIES.-
cia failures in the United States in the first quar-
ter Of 1906. reported by R G. Dun Co.. were
S443 in number and SO,162SO5 in amount Of de-
faulted Indebtedness. compared with 1874 failures
in the corresponding months last year. when the
liabilities were S4S066,7H. In manufacturing occu-
pations there were 776 suspensions involving ST.
1861 against 729 failures for a4S7456 last year;
trading defaults were ISIS in number and $685. 7S6
in amount compared with Ass last year for 49,
Isl. 464 other commercial failures 81 in num-
Der and 81 .s79O7S in amount. against Isl in 1904.
when Sl41S1, 81 involved In addition to these
mercantile and manufacturing defaults there were
twenty-five banking suspensions for S2.727SO7, CON-
pairing favorably with the thirty-two failures
involving SSO13O9S in the same months last year.
The trtng in the total number Of failures
was more than Offset by the large decrease in the
amount Of defaulted Indebtedness This improve
ment is found in every department and the mod
crate increase in number is readily traced to the
numerous small general stores and other lightly
capitalized trading concerns at the South that
unable to withstand the losses produced by the
sudden decline in the price of cotton early in the
year
INSURANCE FIGURES FOR 1sO4-"Insurance
Reference Book" for 1904 has been published
showing that ~ninety-six companies. not including
life companies. made a total profit In the year of
S16544.SA and thirtyzhve companies total loss of
S3l65lS9 The fires at Baltimore and Toronto cost
the 1S1 companies reporting $S0.0iSO51. All New
York companies paid usual dividends, ranging from
10 10 % per cent. and largely increased surplus.
The largest profit was that of the Home Insurance
Company amounting 81 42S 767 SSOO0COO capital
The largest percentage of profit was earned by
Globe and Rutgers. being S6o6!04S on $4,000 of
capital
ERIE'S NEW EQUIPMENT-Within the last
few weeks car builders have delivered to the Erie
Railroad SS2s of the $500 freight cars recently
ordered for use on that road The recent deliv
cries include lO72 hopper bottom 1900 box cars.
$40 gondolas and PSI refrigerator cars all of which
have now been put in service the Erie and its
branches The cars of the latest designs and
best possible steel construction. These, with the
1877 heavy freight locomotives new building and in
course of delivery will aid materially in the han
ding of the traffic. which is now so pressing the
company as TO keep constantly busy every locomo-
tive and it owns.
MARITIME EXCHANGE NOMINATIONS.-Th
following men have been named by the nominating
committee Of the Maritime Association of the Port
OF New-York to hold ONCE for the ensuing year:
President c. b. Parsons; vice president. G. R. Nor
mSn treasurer G. B. LOckhart; directors. William
E Clary. W. F. DalzeH. J. F Durham. C. d. Hoag-
land and r. Sizer- The election will be held
on Tuesday. April %.
AMERICAN CAR AND FOUNDRY.-A director
OF the American Car and Foundry company says
that the company booked larger volume OF busi-
ness in the frst three months OF 1870 than in any