New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-16
WALL STREET AND EXCHANGES,

FOREIGN TRADING-Foreign houses dealt In
$1,000 shares selling 10000 In London Japanese and
Russian bonds were rather heavy but consols were
unchanged. There was one small failure arising
out-of the Hawkins suspension OF last week but
this was expected, and was not a market factor.
Money was easy and Is likely to continue so. There
was complete absence of news from the Far
Last but some ruuors current. mostly fAkU Paris
to account for the heavness in foreign bonds
sIELCKEN PROXIES ON KANSAS CITY
SOUTHERN.-It was learned yesterday that the
S5O00000O Kansas City Southern psscerred and com-
mon stock outstanding Is situated about as FOL
lows with reference to the ELECTION which will take
place on Wednesday: About $14,Q0QOO0 of the stock
is STILL represented by voting trust certificates
which have not been exchanged. the bupk OF which
is held in Holland. This stock will therefore be
unable to vote or the remaining E6,OO0OO0 there
abouts Of stock, tho S1elcken proxy committee
holds proxies for than $33 COCOA Much of the
rest OF the stock is not represented. having failed
TO respond to tho request for proxies sent out by
the secretary Of the company or to that Of the
Siecken committee. 1t Will therefore be seen that
the Sielcken committee will elect its board prac-
tically without opposition Samuel Unterrnyer
counsel for the proxy committee. when asked
whether there was likely to be any opposition at
Wednesdays meeting of the stockholders at Kansas
City. said that the entire position Of this business
had been misunderstood and that Mr. Hartman
and Kuhn. Loeb & Co had from the beginning an
nounoed their entire willingness that the stock
holders should try the experiment Of an indie
pendent control; that they had put nothing In the
way Of this being done, and that there is not and
has not been any controversy over the question of
control
STANDARD OIL DIVIDEND.-rhe Standard OIL
Company has declared quarterly dividend of 50
a share, payable June Is. This compares with Sl5
for the preceding quarter and IS for the CORE
spending quarter last year. The company has paid
dividends as follows for the last fourteen years:
1871 TO 1855. u per cent year; 1886, per cent
1881 30 cent 1885, 80 per cent; 1888 SO per cent?
1900 IS per cent 1901 IS per cent; 1902 45 per cent?
1903 A per cent; 1901 Sc per cent. and "a per cent
SO far in 1905
PITTSBURG COAIA-It is officially announced
that the Pittsburg Coal Company will place several
thousand additional men at work, with the object
of increasing the coal output of the company 70 per
cent This increase also means a largo increase in
the corporation. 1t is unusual for the Pittsburg
Coal Company to make such an announcement at
this time Of the year.
NEW STOCK EXCHANGE FIRM-George w
Stern. member of the New-York Stock Exchange,
who retired from active business several years 60
and William Mcclure. also a member of the Elk
change for many years, and who until recently act
ed its secretary. have formed a copartnership
under the firm name of George w. Stern & Co.,
with offices at No. z5 Broad-st They begin active
active business to-day.
MACKAY & CO.'S NEW ADDRESS-Mackay Sc
Co. have removed to the Offices at Nassau and
Pine SITS. formerly occupied by the firm of Yer
milye 81 CO.