New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-06

reelected director OF the company 70 MI 'ne
vacancy caused by the death OF Captain T. somels
Hayes General Mccullough was Formerly a.
rector OF the company. but resigned about hVe
weeks ago
CHICAGO TRACTION. - Holders OF Chicago
traction securities are not disturbed by the election
OF Judge Dunno Mayor Of Chicago Ihey reel
that as the Illinois Legislature viii soon adjourn
for two years the term OF Judge Dunno as Mayor
no state legislation can ne enacted to enable Chi
cago to increase its public debt for the purpose OF
purchasing the street railroads of Chicago or for
any other purpose Attention IS also called to the
fact that no one in Chicago will even attempt TO
take the street railway properties without paying
for them at their fun value. 1t would ne sur
prising to see some important developments in the
Chicago traction situation in the near future
OFFERING OF WABASH RAILROAD NOTES.
William A. Read 4 Co. and George p Butter
Bro. announce tnat they are Offering at sSt and
accrued interest to net about AIS per cent to ma
turitv. the 100000 Wabash Railroad Company
fve-year ~ per cent gold notes recently purchaser
by those firms. The ultimate appropriation OF Ole
proceeds of these notes IS principally Tor the Pu
pose Of extending the facilities of the Wabash Es-
road COMPANY and the Wheeling and Lake Erie
Railroad company TO meet the demands of traffic
consigned to and from the Pittsburs district
CONSOLIDATED EXCHANGE SEATS-Consoh-
dated Exchange seats are row selling on a basis
Of $50 Since the first of the year they have sold
as low as $500 and as high $500 The highest level
reached was in 1901. when sales We're made at sz900
Within the last two years seats have sold as low
$751;
DELAWARE AND HUDSON.-Delaware and
Hudson directors have approved a plan to make
the 100000 of Albany and Susquehanna bonds to
be issued for refunding purposes convertible INTO
Delaware and Hudson stock. on the basis of SOW
600 for the $1OOoOOo bonds.
STOCK EXCHANGE ,SEWS.-The following
stocks were placed on the list of Clearing House
stocks to be cleared. beginning with contracts Que
to-day: DistiIIers Securities Corporation. National
Lead Company common Republic Iron and steel
Company common and preferred.
HEAVY EARNINGS IN THE SOUTH-Earnings
OF the railroads in the South and Southwest show
big gains for the last week in March. as compared
with the time year ago. st. Louis South
western makes gain of Sl050tO Missouri Pa
cifc q gain of $1,000. Southern Railway gain of
$4,000 Louisville and Nashville gain of $l03,0oe
and Texas and Pacific a gain of $500
APPLICATION To LdST-Application has been
made to the New-Iork Stock Exchange to list
$l2,0O00O additional capital stock of the North
American company.
ADDED TO NORTH AMERICANS BOARD
At the special meeting recently of stockholders OF
the North American Company the size Of the board
members Two vacancies have occurred, so that
eight places in all were to be filed. Seven
directors have just been elected, as follows.
vacancy remaining: Randolph Rodman PRESLEY
Z. BisIand. Francis d. Pollock Gustav UIbrtcht.
Henry F. Kroyer. Emerson d. Pray and Ferdinand
Sherwood.