New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
50.6OO shares in the local market buying 5000 on
balance. In London consOlS We're quiet and Jap
anest issues hardened little. Money rates seem
likely to be very easy over the settlement Any
demand will probably be for the settlement in
Paris beginning at the end of the week, which is
q more important market factor at present than
that in London
NO MISSOURI. KANSAS AND TEXAS DIVI-
DEND AT PRESENT.-Henry c. Rouse. chairman
OF the Missouri, Kansas and Texas who sailed from
New York for Bombay last November to spend tho
winter travelling in India and who returned TO
America by the way of China and Japan. arrived
in this city last week Upon having his attention
called to the recent use of his name as authority
for the statement that while abroad. In conference
with the foreign shareholders. the Dutch holders
Of Missouri, Kansas and Texas stock demanded
dividends Mr. Rouse states that on the contrary
the shareholders in Holland have positively de-
clared that they are opposed 10 dividends being
made the preferred stock until the physical
condition Of the property shall be brought up to
the standard Of efficiency desired by the manage
ment.
ST LOUIS SOUTHWESTERN.-Th decided
strength shown in st. Louis Southwestern pre-
ferred yesterday is considered 10 be a reelection
OF the remarkable statement of earnings made
by the company for the third week of April. 1t
is obvious that the forces which geve the
pany so large revenues in March still at work
The increase in gross for the third week in April.
as compared with the corresponding week a year
asO. was only a shade less than II per cent. From
the beginning of the fiscal year 10 April q, little
over months the increase in gross earnings
has exceeded II per cent 1t is confidently
pected tnat the companys annual report will show
a handsome dividend earned upon the preferred
stock, and il Is expected that soCn the
general speculative situation becomes settled, the
price Of the stock Will respond To the quiet
cumulation of it which has been going on for
time.
JERSEY CENTRALA-Jersey CentraIs March
statement very favorable, showing increases
Of about 1S per cent in gross earnings and Of
about IS per cent in This is the first of the
anthracite statements 1cr March, and reflects the
unusually active coal mining operations in that
month For the nine months since June so gross
earnings show an increase Of $6GG62l, or about
per cent. The net showing is much better. the
increase being $s30Oa. or about 1S per cent. The
increase in net is equal to more than 3 per cent
on the capital stock Tho company reported for
the fiscal year ended June 30, 1901. surplus OF
81 661.O 5S fixed charges Before reporting this
surplus il charged off for depreciation 100000
and for improvements Sl.665,146. These charges
We're in addition to ordinary maintenance As
Stunning that charges for improvements and de-
probation in reality share earnings, the
total actual surplus available for dividends in the
twelve months ended March 81, 1885, would be
equivalent to 22S per cent on the stock.
STEEL PRICES RISING.-Structural steel man
ufacturers outside of the United States Steel Cor
pOration have again advanced their price by 3 a
ton making their price for structural steel at Pitts
burg $50 a ton. or twice the low price at which
structural steel sold in 1893. which was SIS
ton. 4 few weeks ago the price So a ton
Pittsburg, and last December the selling price OF
structural steel at Pittsburg SIS 50 a ton. To
these prices for NewEngland delivery points freight
rates at 50 20 must be added
UNITED COPPER. - United Copper directors
have declared the regular senn-annual dividend of
per cent on the preferred stock payable May 10.
1t is the present expectation to begin dividends
United Copper common this summer at the quar-
terly of 80 cents share The best posted peo-
pie United Copper say that the Minnie Healy
decision is worth so share to the price OF the
common stock and they expect TO see it sell up TO
$50 share
STOCK EXCHANGE BASEBALL-A bulletin
has been posted on the Stock Exchange announcing
that game of baseball between mines representing
the New-YOrk Stock Exchange and the Boston
Stock Exchange will be played the American
field May 13 and will be followed by a dinner at
Sherry's.
PETROLEUM MARKET CONDITIONS.-The
general belief in oil circles appears TO be that Pc
troleum prices have not yet seen bottom. some
dealers talking OF 81 oil but there are others
who take the view that reductions will be less rapid
from on, surplus stocks in the Eastern field
getting low. The recent cuts have had a de-
pressing effect producers. Owners OF small wells
have been forced to suspend operations and few
new wells being drilled.
AMERICAN SMELLING AND REFINING.-An
officer Of the American Smelling and Refining
Company says that the continued strength OF the
companys stocks is due more 10 the policy OF the
company to extend its business and to the highly
satisfactory earnings than 70 any other causes.
SOUTHERN'S EARNINGS NEUTRALITY-SUSPICIOUS.
ings of the Southern Railway for the third week
in April show a gain OF 81 BIC over the same time
year ago making from July gain OF 2.1S423T
500" EARNINGS Notwithstanding of the
Minneapolis, st. Paul and Sault Ste Marie for the
third week in April show increase OF $t,532
making from July l a gain OF N.2E.375
GOVERNMENT RECEIPrS-Government
ceipts on March q. for which a Tribune reader
asks. amounted To &2t0l.7b
SECURITIES LISTED.-The following securities
have been added 10 the Stock Exchange list;
Sl55 900 capital stock OF the Northern Pacific
Railway Company. 100000 additional refuRdins
mortgage per coupon bonds OF 1884 OF
Company. $OOoOOOO thiTty-year per cent coupon
honda az 1984 OF tho NsVy-XorR Central and Aud-