New-York tribune., 1905-06-01
MINING STOCKS.
WALL STREET AND EXCHANGES.
0, 500 Total sales.

FOREIGN TRADING.-Foreign houses dealt in
10 900 shares the local market evenly divided In
London liquidation in the Kafir stocks, which was
apparent on Tuesday, appeared to have ceased.
Rumors OF the Cars health had some unfavorable
influence early. but proved unfounded, and there
was consequent recovery both in Paris and here
Consols and the Japanese issues were particularly
strong. The settlement passed off better than could
have been expected. Mexican issues of all sorts
wanted. and there good inquiry in par
ticuIar for Mexican Central. American stocks gen
orally rather idle on the curb, but Erie was
strong Copper closed firm on covering Of shorts.
Tin was strong favorable statistics published
yesterday.
NATIONAL. I,EAD-A special meeting OF the
stockholders Of the National Lead Company has
been called for June 26 to vote on the question OF
increasing the capitai stock $O,VGW0, Of which
100000 0OG is to be preferred stock and 100000 go
common stock making the total capitalization SoO-
100000. The new stock is to be used in acquiring
additional manufacturing plants and for working
capital. While mention is made In the circular
to stockholders regarding the merger with the
United Lead Company, it is believed that the pro-
posed increase in stock has something to do with
the lead merger. President Cole informs stock
holders that the tonnage of the company has been
increased 40 per cent since 1891 by acquiring new
properties. remodelling old plants and constructing
others.
CANADIAN PACIFTC'S EARNINGS.-Earnings
Of the Canadian Pacific for the month OF April
showed a gain in gross Of s167 639 and gain in
net Of s119,273 comparison being made with the
period Year ago. For the ten months of the
fiscal year gross earnings increased S3,SS4 0s3 and
net earnings 81 1852 In the last four years the
growth OF industrial activity in the Dominion of
Canada is reflected in increase in the gross
earnings of the Canadian Pacific of $40 000 900.
This large gain has enabled the company to spend
q large amount of money its property and, as Il
consequence the physical condition of the road has
kept pace with the expansion of the country.
IMPORTS AND EXPORTS OF IRON AND
STEEL.-The total value Of iron and steel imports
in April was $2,114204. against S1,735.64S in
April 1904. In the ten months ended April the i'm
ports were valued at $1S 4SS OOO against s23,077
652 in 1904 and s43 1872, ia in 1903 The total value
of exports Of iron and steel in April was S3,O76,-
975 against SO 58S 051 in April, 1904. This is
increase Of $2.4sS,924 over last year. more than
% per cent. In the ten months ended April the
showing to exports this fiscal year compares
equally we'll the total for this year being S110. 1885,
80 as against $50 107S54 in the first months of
1904 s79, S994e2 in the first months of 1903
STANDARD ROPE AND TWINE.-As a result
OF the decision of the committee representing the
holders Of income bonds and stock ana that repre-
senting the holders of the first mortgage bonds Of
the Standard Rope and Twine Company to unite in
their efforts to bring about reorganization q the
company, it is expected that plan will be evolved
which will be satisfactory to all interests concerned
In the company
CLEVELAND. CINCINNATI, CHICAGO AND
ST. LOUIS-Stockholders of the Big Four" in
special session at Cincinnati yesterday authorized
the increase Of the capital stock from SIS
s0O00GoO OF this amount $56oO,OOO to be offered
to the stockholders par at rate OF 20 per cent
OF their holdings The cash to be derived from the
increase in stock is to be used in construction
so that the big Four may within the next six
months enter Chicago it's own tracks.
BANKING OFFICES REMOVED.-The Offices of
the international Bank and of the International
Banking Corporation have been removed from No.
l Wall Street to No. 60 WaII-st
TITLE GUARANTY DIVIDEND.-The United
States Title Guaranty and Indemnity Company
Nos. 100 and 162 Broadway has declared its fifth
quarterly dividend of ~ per cent. payable on July
l. The company's books show a 200 per cent in
crease over last years business.
SOUTHERN RAILWAYS BIG EARNINGS
Earnings of the Southern Railway for the month
of April show increase OF $32S034 in gross and
an increase of $105122 in The roads controlled
by the Southern also show encouraging gains for
the month Mobile and Ohio, for instance increas-
ing in gross sos. .36i and in S57