New-York tribune., 1905-06-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING-FOTeign houses dealt in
1900 shares in the local market all purchases. In
London the general market strong peace
rumors Consols gained 5-16 per cent. at soA and
both Japanese and Russian issues advanced There
less liquidation in the Kaf1r stocks. The
Bank of England did not change its rate, and
made fairly good return, showing a relatively
high proportion of reserve to liabilities and gain
In bullion on the week. Money easy, and
seems likely to continue UP to the end Of the
month, at least
CHICAGO AND EASTERN ILLINOIS.-The d.
rectors of the Chicago and Eastern Illinois have
decided not to declare the per cent serni-annual
dividend on the nmon stock. annually payable
July I. All the common stock is in the Frisco
treasury. that only that company is interested
The directors have decided that 1t will be better to
spend the money the property than In dividends
The stock trust certificates. of course get their
regular semi-annual per cent. The Frisco pays
this out of its earnings. The omission Of the dvi-
dend is not important, the only difference being
that the cash will stay in the Eastern Illinois
treasury instead of passing to the Frisco treas
ury
PIG IRON PRoDUCTIoN-The total anthracite
and coke production of pig iron in May 1.e675S6
tons This compares with 1.a2,oI tons In April and
19S6.2s4 tons in March. The surplus stock of pig
iron increased 63 600 tons in May compared with
April. The total surplus stock Of pig iron June
was 390.I54 tons. against 6649 tons May 1.
The greatest increase In the surplus stock in
the South and the smallest in the East.
JAPANESE MONEY ON DEPOSIT-Approxi-
mately 100000 of Japanese government money
has been placed on deposit IN Wall Street banks
and trust companies. 1t will remain there until
needed to pay for purchases of American materials
and supplies required by Japan for its army and
navy. The allotment of the amounts TO the
eral banks and trust companies was made through
Kuhn, Loeb & Co. Some OF the individual deposits
as high N0.000000. The money is part of
that derived from the sale of japanese bonds
INTEREST IN WHEAT REPORTING large
wire houses with produce business in addition 70
their Stock Exchange connections are paying
good deal of attention the wheat market and
are beginning to forecast the government report.
Various estimates will be given to-day Their
favorable nature is indicated by advice to custom
To buy st. Paul, Missouri Pacific Atchison
and other stocks likely 10 be directly affected by
good showing
JAPANESE BONDS-Apart from the peace
rumors. which possibly had some influence an
important source of strength in Japanese bonds
was the report from London that early attempt
would be made to unity the Japanese external
debt. Foreign houses have been buying both the
6s and the ii2s, these issues would have tc be
retired at the earliest possible date.
LONDON WHITsUN HOLIDAYS-Monday.
June u, being Whit Monday. of the statutory
bank holidays. all exchanges in England and
Wales will be closed The London Stock Exchange
viii take the Saturday holiday as we'll. This is
lfe ct general business the other side. The Lon
don market. therefore. will be closed from tonight
till Tuesday morning.
AMERICAN ICE SECURITIES.-The Knicker-
booker Trust Company announces that the delay
in delivery of the new debentures and stock Of
the American Ice Securities Company. in exchange
for the preferred stock of the American Ice Com
pany. deposited under the plan. is on account of
the delay in the engraving OF the debenture certih-
Gates.
COLORADO FUEL AND IRON.-The manage
ment of Colorado Fuel and Iron will issue state
ment in July detailing the amount expended for
improvements and the additional amount necessary
TO complete the system planned 1t is also
pected 10 de-ail what the capacity of the companys
plants is under the enlarged system.
MONEY FOR NEW-oRLEANs.-The sub-Treas-
ury transferred ior local banks 100000 20 New
Orleans.
MISSOURI PACIFIC.-AIissour Pacific directors
have d2cl l.red the regular semi-annuaI dividend of
% cent