New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-02

FOREIGN TRADING.--AIlAouSI INC
market was closed foreign houses were heaVy ouy-
ers on the local Stock Exchange, purchases Oeiiie
estimated at over $4,000 shares. -
IRON AND STEEL EXPORTS AND IMPORTS.
The total exports OF iron and steel for March
we're sl2446S00 against $06SS,7D IN March, 4''i,
For the nine months ending March 81 last the totdl
exports amounted $685. oo18 as against SSo4s,o0'
for the corresponding nine months or 1904 ana Wv
eO5 100 the first nine months Of 1913 steer ran ca
ports in March 24SS5 tons, against 1''4o toNs
in March. 1904 japan and Europe LOOK most %
the increase There were notable increases IN the
exports of steel plates and wire products IN hdIcH
over March 1901 The imports of iron and steel IN
March we're valued at $929S 1872. against SlSS4ooV IN
March, 1904. For the nine months ended Win NHalcn
the total imports were $16273.796, which compares
with SCI 81 9OS in the corresponding nine months IN
1904 and $3S S35 the first nine months OF 1903 In
March last IA 3SS tons of pig iron were imported
against u 400 tons in March 1904 There was a de-
crease in biIlets and large increase in bar iron
UNITED GAS IMPROVEMENT DECLINES.-A
brief but sensational break in United Gas Improve
uent shares was the feature of the Philadelphia
stock market yesterday morning. The opening sale
was at III. or ga points below Saturdays closing
price a quick decline TO Ill followed. From this
level there was prompt rally to 1171a. HUM. Wolf
Brothers Parrish and others supplied the buying
orders Around noon the price again declined to
114a. and rallied to 1853. but this gain was lost
toward the close. Sentiment was divided on the
statement of President Dolan. who said in effect
that II nlrnaterlal 10 the company Whetner OF
not the lease OF the city gasworks was extended
beyond the limits Of the present contract. The
annual meeting of the company was held yesterday
and the old board selected. The report for
the fiscal year ended on December II, 1904. shows
net profit of $4,000 an increase of S+4S.Sl4
the preceding year.
ON THE SHORT SIDE.-CarefuI observation OF
the trading leads TO the belief that many OF those
professional speculative interests which very
bullish the market a month ago and were buy
ers of stocks at the high level have reversed
their position and have taken the short side
the break, in the endeavor to recoup losses made
long stocks. Considerable commitments are
believed to have been made the short side If
stocks like Union Pacific. the stees and other
active issues
La France Copper Company syndicate has
been closed the underwriting having been largely
oversubscribed. The capital of the company is
SOC 900 per cent debenture bonds: 100000 per
cent preferred stock. par value S25. and 5000 90
common stock, par value SO. The company has
acquired the Basin concentrating and smelling
plants which cost ovec 100000 to put up on the
famous Lexington mine.
SECURITIES STRICKEN FROM STOCK LIST.
The following securities having matured and
being redeemed extended, have been stricken
from the Stock Exchange list: Chicago. Rock Island
and Pacific Railway Company collateral trust
per cent series &C. bonds; New York City and
County per cent bonds OF 1906; New-York Con-
ed debenture per cent certificates and Lehigh
Valley Railroad Company Pennsylvania mortgage
collateral 5 per cent bonds due 1897.
500 EARNINGS NEUTRALITY-SUSPICIOUS. of the
Minneapolis St Paul and Sault Ste. Marie for the
month of March show increase in gross of 1902 re
and an increase in net of $22.3l9 For the nine
months of the fiscal year gross earnings have in
creased 81 ,267 and earnings have increased
S76l, 439
COMMISSION HOUSES BARE OF STOCKS-I
is conservative opinion around the Street that the
commission houses have not been bare of stocks
any time this year. They probably not carry
ing SO per cent of what they had open a fortnight
ago. 1t may fairly be taken that weakly margined
accounts have been practically all wiped out as a
result OF the slump.
COPPER NEUTRALITY-SUSPICIOUS. Of copper for the
month of April % 264 TONS against Is 1888 year
ago. These the heaviest exports far this year
STOCK EXCHANGE EXTRA HOLIDAY-It is
understood that efforts will be made by members
Of the Stock Exchange to have business the ex-
change suspended on Monday. May %. we'll as
the following day, Memorial Day.