New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-06
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
20, 600 shares in the local market. buying 500
shares. In London Russian bonds a shade
harder but consols were weak at SIS, further de-
cline Of 3-16 per cent, this being the first time
they have sold below 80 since the beginning of the
year. The general market was heavy and unset
tied. One of the more encouraging signs was the
reduction in the price of bar gold and the harder
tendency OF Paris exchange on London. which in
dcates some Improvement in the money situation
in Paris. Money rates were fairly easy in London
outside Of special demands due to the indebted
ness Of Lombard Street to the Bank of England.
UNITED STATES STEEIA-The rail mill at the
Edgar Thomson plant OF the United States Steel
Corporation has made world record by max
ing S67S tons Of steel rails in twentyfour hours.
The best previous record 1929 tons. the gain
being I49 tons. Because Of the fact that the rail
mills of the Illinois Steel Company out of the
market the other rail mills OF the corporation
being to the limit to take care of new orders.
It is considered assured that the Steel Corporation
will make at least 100000 tons Of rails this year.
against 10000 tons last year and over 100000
tons IN 1905 Light rails and rails for traction COM
panes form the bulk Of the current orders. Stand
ard sections for railroads being delivered
against heavy specifications Of booked orders
ST LOUIS sOUTHwESTERN.-T St Louis
Southwestern IS reporting relatively the best earn
ings OF the Gould systems For March the figures
show an increase Of over S. per cent in gross and
nearly so per cent in net. For the nine months
L
showing in gross is stated to be due to general
business probably arising out Of the economic con-
ditions Of the year in Arkansas. There is quite
general prosperity IN all lines Of business. The
people have money to spend and are spending it.
The effect of the cotton boom OF two years ago is
still appreciable.
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets" reports the export of grain for the week
with comparisons, figures in bushels. follows
Wheat flour included 1919 64. against 1260,316 last
week. 1lg27S in this week last year. 3,2ol,6s0 in
1903 and 380224o in 1902; from July /, 53.5SS.04
against 122 565 year 062 in 1903 and
a. 6 626 in 1902. corn 27566. against 1SS566 last
week. SOS Isl IN this week a year ago, l6Sl,7O9 in
1908 126 $50 1902 from July 699790S7 against
4s $50 in 1904 in 1903 and 24l6l 46 in 1902
MOVEMENT OF NONEY.-The reported move
ment of currency this week indicates a gain in
cash held by the banks Of 1866 400. They received
from the interior 02090 and sent TO the interior
81 3H 500 including A.l9OOO national bank notes to
Washington for redemption and 100000 trans
ferred through the Sub-Treasury to San Francisco
The total gain from the interior was S6I940O. and
new gold 1897 100. $L57100; deducting the loss
on Sub-TreasIry operations proper. $4,000. the
net gain was $966,4OO.
APPLICATION TO ILsT.-AppHcatiOn has been
made to the Stock Exchange by the Buffalo
Rochester and Pittsburg Railway Company to list
81 100000 additional common stock
NEW COTTON EXCHANGE MEMBERSHIPS
following have been elected members of the Cot
ton Exchange: James Z. Reynolds, Liverpool.
England Robert 9 Nicholas. New-Brunswlck. n
j., and Alexander c. Cayins Houston Tex.