New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-07
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses sold on
balance in the local market. In London consols
were steady but Russian bonds were rather weak.
as there is nervousness in Paris over the stu
alton IN the Far East. This does not seem TO be
shared in banking circles there. bar gold made
further recession IN London. indicating that the
French demand is falling of. Copper stocks were
hrner but the general market was heavy. Money
was easy in London and IS likely to continue So
although there should be some small demand at the
end OF next week the fortnightly settlement be-
gins Wednesday.
THE COTTON ACKNOWLEDGEMENTS 10 The
Financial Chronicle" the total receipts OF cotton
for the week ended May 5 reached 1884, O9 bales
against 325 bales last week and 16l TBS bales the
previous week making the total receipts since Sep
TENDER l. 1904 S5i20l7 bales. against $500 bales
for the period of 19O5-04. showing increase
September l. 1901. OF 1898 bales Reports
from the South indicate that the weather has been
only partly favorable during the week. Rain has
fallen in most localities, and IN Eastern Gulf and
Atlantic sections well in Tennessee. the pre-
cipitation has been light, rule. although a
portion OF South Carolina heavy rain was reported
In Texas. Arkansas and Mississippi. however, it Is
claimed there has been too much rain interfering
with farming operations.
READING.-The sale by Lake Shore and Balti-
and Ohio OF the additional Reading stock
which they purchased so 10 average the price OF
their original investments in this company has
netted very handsome profit and. according to a
well informed authority. brings the price OF pres
aggregate holdings OF the two companies amount TO
about 40 per cent OF Readings capitalization. which
virtually amounts to control and is all that IT was
ever intended should be held, since in the opinion
OF interests identified with the companies. It was
not desirable absolute control. lest such
should furnish the basis OF legal attack. The ru-
NOR that Reading common may soon be put on
s per cent dividend basis is credited in circles
identified with n large ownership OF the stock and
the expectation held in these circles is that before
long n per cent rate will be adopted and main
tanned.
CLEVELAND. CINCINNATI AND ST. LOUIS
The committee on securities OF the Stock Exchange
rules as TO big Four rights that regular way
and time transactions in the common stock OF the
company made Friday and Saturday. April IS
and % and Monday and Tuesday. May l and 2
1906 and all transactions thereafter (and all trans
actions made prior to April % and settled there
after must carry a due bill representing the
right TO subscribe under the conditions defined in
the above mentioned letter to stockholders. The
stock will not be quoted Eek rights" until further
notice.
BANK CLEARINGS.-Total bank cearings or all
the clearing houses OF the United States last week
show nm increase IN the aggregate or $50 per cent
New-York gained 60. Boston S66. Philadelphia as
Chicago 1919. Baltimore 2i6. ST. Louis 60 and New
Orleans 1875 per cent
COLORADO FUEL AND IRoN.-The committee