New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-30
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses bought
1000 shares in the local market. In London prac-
tically all departments made immediate re-
Spouse to the japanese victory In the Far East
AS it the first day of the settlement stocks
were dealt in for the new account ending Juno 10,
and there general buying. Japanese issues
gained from to points. and the only weakness
in Russian bonds. which declined point.
Consols advanced 81 per cent to 901S One small
bank failure reported from London, but was
not a market influence. The carry over in the
Stock Exchange showed an important reduction
IN the bull account and a generally encouraging
position. The contango American stocks
per cent. with Erie scarce and continued at per
cent. A light speculative account indicated
and bear position. Banks generally charged
per cent for Stock Exchange loans.
UNITED STATES REALTY AND IMPROVE
MENT COMPANY.-The United States Realty and
Improvement Company and It's subsidiary COM
panies report for the ten months from July l. 1904
to April o. -S5 gross earnings of S24O225 derived
follows: From investments 81 1856 100 from build
ing contracts, $654,620; from profit marketable
securities still held, S62S,812 Deductng $3209S3 for
interest paid and accrued expense OF unprOductve
real estate and depreciation and $414.411 for or
ganizaton expenses taxes. general office expenses.
etc. leaves net earnings of ST. 704 SOS from which
is deducted interest on debenture bonds and divi-
dends outstanding stock of subsidiary COM
panies the sum of $S0.512 leaving q surplus for
the ton months of S11H,316. This represents earn
ings during the ten months at the rate of over
per cent a year on the company's capital stock.
PROPOSED COTTON EXCHANGE AMEND
NIENTS.-The members of the Cotton Exchange
will June to discuss changes in the by
laws involving plan to license Southern ware
houses so that Southern cotton may be delvera BILE
on New-York contracts. The special COMMITTEES on
licensing warehouses has reported a plan entirely
practicable. After the discussion the members will
take a vote ii, probably June 8. If action IS
favorable the plan Will go into effect within year
e
MAINE CONIPANY.-Farson, Leach & Co. will
finance the development OF the Bodwell Water
Power Company's property at Oldtown and Milford.
Me. The company will issue 81 100000 stock and
81 900, 600 bonds and will build modern power
plant costing about $1,000, 900.
NO ACTION ON REPUBLIC STEEL PRE-
FERRED DIVIDEND.-The board Of directors of
the Republic Iron and Steel Company held meet
ing yes a.day, and after adjournment II was stated
that only routine business had been transacted. No
action taken in regard the dividend the
preferred stock
UNION PACIFIC.-On the advance in Union Pa
cifo the old question Of an increase in the dividend
raised Some well informed people are conf
dent Of declaration at the of per cent, and
are even talking of an extra distribution, making
per cent IN all for the year
BROOKLYN RAPID TRANSIT.-Now that the
franchise tax decision is out of the way It is said
that the Brady party, which has been accommodating
stock for a long time past is prepared 10
make us pIi campaign IN brooklyn Rapid Transit.
Traders think the technical market position will
help as the days advance disclosed q considerable
short interest.
CRUDE RUBBER PRICES HIGHER.-Crude
rubber is l cent per pound higher this week, at
81 "a for best grades Of Para or within few cents
Of its highest price. The market is not active but
there stocks unsold to create any activity
INQUIRIES FOR IRON.-The week opened with
numerous inquiries for iron. One firm is in the
market for 10000 tons Of basic iron and. Judging
from the tenor Of the inquiry, a contract for the
amount in question will be closed this week