New-York tribune., 1905-07-21
MINING STOCKS.
4.oOO Total Sales.
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt In
1900 shares the local market. all sales In Lon
don consols were a shade easier, after opening
higher and there was no feature Of interest in the
foreign bond market Rio Ttnto losc some OF the
big advance Of the previous day, but other cop
per stocks were strong. The Kaflr market was
rather heavy. The Bank OF England did not
change its rate. and made good return for the
time OF year. showing satisfactory proportion Of
reserve to liabilities and sons gain in bullion on
the week, In spite Of the French demand for gold
Money was plentiful and shows signs of hard
ening.
MARKET GOSSIP-Jaues r. Keene and An
thony Brady are believed to be the leaders OF the
bull party in United States Rubber. Some OF their
following took profits the last advance There
is reason for saying that there is strong bull
pool recently formed in Baltimore and Ohio. which
believes the stock could be carried 10 l5 II acted
remarkably well throughout the forenoon There
does not seem to be much OF it in the Street. and
technical conditions therefore should help manipu
latiou. The feature in Union Pacific before the
declaration of the dividend a per cent basis
was the heavy selling Of the stock by j. H Davis
& Co They were estimated to have sold at least
1000 shares. and effectualIy checked any attempt
Of the traders to bid up considerable section Of
the traders considers the increased discounted
The selling Of Union Pacific the declaration OF
the dividend came from active speculative houses
like Charles G. Gates and Provost Brothers. The
argument was that all the bull news was out. and
that the stock was selling high for per cent
issue as compared with anything but New-York
Central. There seems TO be pool movement on
in Knickerbccktr Ice The advance Is based on
talk Of common dividend. which Chicago people
who ought TO know do not countenance- 1t Is
thought that the weakness in National Biscuit and
the demand for the stock in the loan crowd form
part OF deliberate plan to put the price down to
get stock.
BALTIMORE AND OHIO EARNINGs.-The
statement OF the earnings from traffic and
penses OF the Baltimore and Ohio Railroad. exclu-
sive of the controlled and affiliated lines. for the
month Of June 1905. as compared with June. 1904
shows: Gross earnings. 1905. SS1o2 1904 1SsS;
increase SSS Expenses. 1895. 50 913 2s9: 1894.
s. 52o2os; increase, $3s5Osl. Net earnings. 1905.
81 S54SC4 1904 $l.S6 500 decrease. s6sS6. 1t Is
derstood that the June expenses were affected by
the charging in that month of the years deprecia-
ton on marine equipment and in other adjust
ments in closing the accounts for the year. For
the fiscal year ended June 30. compared with the
fiscal year of 1894 the gross earnings from traffic
follows: 1905 S67 $50 99S; 1901 SOT. .OS1: in
crease S1S 97: expenses. 1906 S44 710604: 1904 49,
62S SS4; increase 81 OS1 80 Net earnings 1906 So
979 39i: 1864 81 42 III; increase. 5S7I77. The lines
included IN this statement arc the Baltimore and
Ohio Railroad Company. the Baltimore and Ohio
Southwestern Railroad Company the Ohio River
Railroad Company West Virginia Short Line Rail-
road. Ripley and Mill Creek Valley Railroad Pitts
burg and Western Railroad Company Pfttsburg
Painesville and Fairport Railroad. Pittsburg
Cleveland and Toledo Railroad and the Pittsburg
Junction Railroad.
UNION PACIFIC INCREASES DIVIDEND
The directors OF the Union Pacific Railroad have
declared seni-annual dividend of pa per cent on
the common stock OF the company. thus placing the
issue per cent basis The company, after
its reorganization in 1897 began dividends on the
common stock in 1900. when ga per cent was paid
In the next year and since that time up to the
present dividend period the rate has been per
cent. The companys capital common stock IS s19s-
1890, Of which there Is outstanding 500 SO
that the advance in the dividend an annual
increase in dividend charges OF N.5S724s The
present Union Pacific Company was incorporated in
1897. succeeding the Union Pacific Railway, which
went into receivers hands in October 1883 The
directors at their meeting yesterday also declared
the usual half yearly dividend OF per cent on
preferred stock. The preferred Ia entitled under
the terms OF the reorganization plan only per
cent year.
AMALGAMATED CoPPER's DIVIDEND AD-
directors OF the Amalgamated Cop
per Company have declared dividend for the
preceding quarter OF one-quarter OF par cent In
In 1901. IA per cent; in 1902 2s per cent; in 1905
per cent. and in 1904. 214 per cent Last February
per cent and y extra were declared.
UNITED STATES STEEL.-The United State.
Steel Corporation has averaged IS 100 tons month
exports OF steel and steel products since January
/. At this rate its total exports for the calendar
year will closely approximate 1GoOOOo tons.
STOCK EXCHANGE SEATS ADVANCING-A
seat on the New-York Stock Exchange sold yes-
terday for SSOO0 an advance OF $500 from the last
preceding sale. Harold weekes tho Columbia
halfback and sprinter OF two years ago. was the
buyer. George H Wilder has been elected a
r,,t1a 1P