New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-20
WALL STREET AID EXCHANGES.

FOREIGN TRADING.-Foreign houses sold up
ward of 100000 shares in the local market All
interest in London centred in the American mar
ket There active liquidation in all the inter
national issues. especially pressing in the Steel
stocks. but also heavy elsewhere. There were
plenty Of selling orders from New-York, but the
Continent also heavy seller. The German
selling accompanied by reports of financial
trouble in Frankfort Consols steady and
although the Kaffir stocks were weak on Paris
liquidation the general market did not act badly.
1t is fortunate that there is full week before the
commencement of the London fortnightly settle
ment and little more before the monthly settle
in Paris, as the declines are likely to cause
anxiety then. Money easy and is likely to
continue
NORTHERN PACIFIC OFFICERS RE
ELECTED.-The directors of the Northern Pacific
Railway Company met yesterday and organized
by re-electng the following officers President,
Howard Elliott: president, Daniel S. Lamont;
controller. Henry A Gray; treasurer Charles A.
Clark: secretary and assistant treasurer. George
H. Earl; assistant secretary, Richard H. Relf;
general counsel in New-York, Francis Lynde Stet-
son. and general counsel in St Paul, Charles w.
Bum The following executive committee was
also elected Robert Bacon. George F. Baker,
William p Clough James n. Hill, John S. Ken
nedy The president or. in his absence. the vice
president will serve an eX-of1cio member of the
committee. r."2
COMMISSION HOUSE ACCOUNTS-A careful
canvass of between forty and fifty representative
commission houses discloses the fact that few
Germs are carrying any great line of stocks, and
many report commitments open for customers as
low as Is per cent of what they were carrying
month ago. One house doing large business
spread a number of important centres had to
call On only two customers for margins on Thurs
days break The selling on account Of exhausted
margins as matter of fact is remarkably small.
There has however. been good deal of realizing
Of stock not carried in Wall Street. From the ad-
vices Of the wire houses it seems probable that
good deal OF this carried with banks in other
centres
PETROLEUM PRODUCTION.-The annual
port of the committee petroleum Of the New
York Produce Exchange, which has Just been sub
mitted. shows that the shipments Of Illuminating
oil last year were 75742CO0 gallons. valued at $50
2S21S7. The total shipments of all products of
petroleum in 1904 S5,729957 gallons. valued at
SIS 221 1911 The amount of crude petroleum exported
in the year was 95,9746f5. valued at $5.7l0@2.
MOVEMENT OF MONEY.-The reported move
ments of currency this week indicate a loss in
cash held by the banks of S6347,S00 They received
from the interior $57647 and the interior
S3.S5S6O0. including S,S2T00O national bank notes
to Washington for redemption The gain from
the interior S1506l0O The total gain from
the interior, Sl9961O0 and new gold. $4,000. was
S2.69S1O0; deductng this from the loss on Sub
Treasury operations proper So COO the net loss
was $6.947.9OO
GRAIN EXPORTS 'Bradstreet's'' reports the
exports Of wheat including flour. for the week
15l2550 bushels, against 500 5 last week and 1225
765 last year. Since July So 500 500 bushels against
lAST,o6f last year Corn I6SS, 29s bushels against
1.52S299 last week and 1887 last Since July
l. 73,l956S5 bushels. against 40 COT 443 year.
CONSUMPTION OF COPPER.-Estimates Of
recen: purchases of copper by the leading Ameri-
can consumers range all the way from 100000 to
100000 pounds First sales were made on the basis
CT 15c, but no eectrolytic is obtainabIe under
l51sc. Purchases were largely for delivery in
June, July and August. There are still heavy pur-
chases being made for domestic account, which
buying would seem to warrant the belief in a 15c
copper market for some months to come
MAY AFFECT ST. PAUL. STOCK.-It is believed
among number of well informed Western houses
that the Wisconsin law which compeIs companies
10 sell new STOCK at a fair market price and limits
the time between authorization and issue will force
St. Paul TO issue the stock authorized some years
ago at a price representing the average for the
last twelve months and therefore not carrying
rights
TRUSTEE FOR \ BIG FRISCO MORTGAGE
The Bankers Trust Company OF this city has
been designated to act trustee under the new
per cent refunding and improvement mortgage of
So 100000 to be issued by the Chicago and Eastern
Illinois Railroad covering the approval Of which
Issue = special meeting Of stockholders has be.n
called for June 90
500" EARNINGS Observation-Disclosures OF
the Minneapolis, st. Paul and Sault Ste Marie for
the second week in MAJ show gain Of sH1SS
making from July gain OF 81 45l, SG9 comparison
being made with the corresponding time in the
preceding year.
COFFEE EXCHANGE HOLLDAY-The New
York Coffee Exchange will be closed on Monday
May %
WABASH PITTSBURG TERMINAI--James w
Patterson, vice-presdent of the Wabash Pittsbura
Terminal Company. has resigned