New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-05-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
$1,000 shares in the local market. buying 10000
balance. In London consols were steady and there
was important change in foreign bonds. al
though Russian IS were frmer. The Paris settle
ment appeared to be passing off without hitch.
although the demand for gold for that centre con-
tinues. Money fairly easy In London and is
likely to continue There one small failure
on the London Stock Exchange
APRIL IMPORTS AT NBW-YoRK.-The Ap-
pra1ser of the Port makes the following report:
The total appraised value of importations at New
York during April 1906 $50 464 COS as increase
OF about S9750,00O in comparison with the same
month last year, Sugar IS the cnler Item showing
increased importations. The appraised value OF
precious cut and gnSu a1a WITH
81 45S,056 for the month last year Sixty
ga Is were imported in April this year, compared
with thrty-one cars, valued at 200. imported In
inclusive, pa cars valued at $S65O0O have been i'm
ported at this port as compared Win ito cars Oh
UNITED COPPER-The United Copper Company
has received a valuable asset in the 100000 OF
stock of the La France Copper Company that has
just been deposited in its treasury The latter is
new corporation having 100000 per cent de-
benture bonds 100000 6 per cent cumulative pre-
ferred stock and 100000 common. 1t has made
contract with the United Copper Company by which
il will receive large amount of It's ore TO treat
yearly. The profit accruing from this Will be sum
cient TO pay the coupons on the bonds and per
dividends on the common r Aus ASN0S I1SlAS
recently made the statement that the Lexington
mine which is now owned by the La France would
net at least $4,000 a month. This would mean at
the rate of 10 per cent the La France common
stock and an added earning power of approximately
JOOO0 yearly or than enough to pay the full
dividend on United Copper preferred stock
PINNsYLvANIA's BIG Observation-Disclosures
Of the Pennsylvania Railroad for the month Of
March received yesterday, make 4 most favorable
comparison with the month year ago and
furnish an excellent indication of the growing in
dtstriaI prosperity Of the United States On the
lines east of Pittsburg gross earnings Increased
S9l7 800 and net earnings increased $552900. From
January gross earnings on the lines east Of Pitts
burg increased s. 09S200 and net earnings Increased
81 0S7 500 On the lines west of Pttsburg gross earn
iugs in March increased $375.700 and net earnings
increased $1,000. making from January an in
crease in gross of 81 800 and an increase in net
Of S532 400.
DEMANDS OF WABASH 'sB" BONDHOLDERS
Members Of the Wabash debenture b bond
holders protective committee have arranged for
meeting to-day. which George J. Gould or his
counsel and Joseph Ramsey. il. have been invited
10 attend it is said that the committee contem-
plates taking some decisive action which will be
IN the nature OF ultmatum TO the Wabash man
age1ncnt The committed is said. insists upon the
payment of considerable back interest due on the
bonds, while the management is reported to have
conceded so far as TO promise that the securities
will hereafter he placed on I per cent basis.
MARKET GOSSIP.-Although Jacob Field was
open buyer Of Union Pacific and other stocks round
the room, the traders of mis- class are by no means
all buuish. There seemed be a disposition TO
put out some Of the shorts covered on Monday
morning The general disposition among the Hoff
man House crowd is to look for active traders
market with swings not exceeding two or three
points Tor some little time to come, at least until
the nervousness created by the recent declines has
disa appeared.
UNITED STATES STEEIA-The United States
Steel Corporation will probably close contracts this
week for from 10000 10000 Of pig iron for
May delivery. Inquiries for tonnage ap-
proNimatey that large, and it is presumed that
contracts will be closed unless prices should De
satisfactory. The price which the Steel Corpora
ton is said be willing pay is about $3.50 per
ton the furnace.
SOUTHERN RAILWAY EARNINGS Earnings
of the Southern Railway for the month of March
increased in gross $4S7.s57 and earnings in
creased $352, lO3. making from July an increase IN
gross Of & 09 22 and increase in $73l ala
THIRTY FOURTH STREET BANK-Arrange-
Taents have been made by the Thirty-fourth Street
Bank to clear through the Fourth National Bank
IT Is interesting note the cact that in the last
year the deposits Of the Thirty fourth Street Bank
have shown large gain.
PETITION TO SELL PRODGCE EXCHANGE
BUILDING.-A petition Is in circulation on the
floor OF the New-York Produce Exchange asking
that the present building be sold and the proceeds
DO divided among the members; also that twenty
story structure DO erected the site OF the pres
ent annex with an exchange the top floor,
NEW PTIENIx BANK DIRECTORS ELECTED
R H. Higgins. OF Harvey Fisk Sons. and L,
w Bloomingdale. of BloonngdaIe Bros. were
yesterday elected directors OF the Phenix National
Bank completing the board
NEW RULES FOR COTTONsEED OIL
TRADHy-The members of the Produce Exchange
- n nil az will