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

FOREIGN TRADING-Foreign houses dealt IN
5000 shares in the local market. buying balance
upward Of 15.o0o shares. In London Consols were
heavy. but in spite OF this foreign bonds We're
rather better. There was no news OF any conse-
quence from the FAR East, and some disposition
was shown to revive peace runors. evidently based
upon the delav in the meeting OF the TWO fleets
The Bank OF England did not change its rate.
but made rather weak return. showing heavy
reduction in the proportion OF reserve TO Iabti-
ties compared with last week and a position not
strong at this time last year. This was
probably the principal influence In the heaviness
in consols. Money was IN great demand. and
seems likely TO be easy enough FOR some time to
come although the commercial demand is iraprov-
ing
MARKET GOssIP.-In the forenoon weakness
the strength in Reading remarkable. The most
tangible report current was that the stock would
be placed upon per cent basis next month
or would at least receive 81 per cent dividend,
making T per cent for the year. The buying was
undeniably good. The Hoffman House following
was bearish, and sold stocks on every rally. II
IS noteworthy that the uptown operators have
been printing as much bull talk as some news
channels would take. but have been on the short
side OF the market throughout most OF the present
decline. The Western crowd, on the other hand
appears 10 have been long at the top and short at
the bottom. and is probably selling now +. W
Savin was conspicuous IN the early attack on the
market by traders He sold St Paul and offered
the stock down with considerable success. Traders
thought he had been selling for one OF the most
active bear operators at present in the street
There was some further liquidation in Tennessee
Coal and Iron, believed 10 be for the Hoadley
market following. which was buling tbs stock
20 points merger rumors.
SHOWS CROP REPORT.-B. ". Snow says the
condition OF winter wheat on May Is 81 LILO Per
cent The condition a year ago was 1850 Per
cent The acreage OF winter wheat Is given al
80 Sd coo acres against -S.-5ifoe harvested last
seeded last fail nave
been pIoughed up and abandoned which Is an III
usually small percentage. A preliminary estimate
Of the spring wheat crop shows an acreage Of ~
$4,000 against 100000 on last crop Only one
State shows condition under 80
ST. LOUIS SOUTHWESTERN EARNINGS IN
CRBASEs-Earnings OF the St Louis Southwestern
for the last week in April show gain OF over 80
600 making for the month gain OF S21l!46O com
parison being mado with the same perloo q yea
ago For the month OF March net earnings N
creased S1O56S For the nine months OF ths HsCa-
year net earnings amount to S2,z72,S60 against y
AS 6lS In the same time IN the preceN-ie '
g. $50 $40 in 1903. -,
RIG ACCOUNT LLQUIDATED-A local stock
commission house with extensive wire coLheo
lions says:
rrpara has been a big account uquidated BY soma
Stock Exchange house TINS IV I'm $500 besv-
NV This with heavy selling py GaLeS oSSC1Jisssor
yin; knocked the market down al along ts
1e brokers in the board say II looks As = o Nv
i.',j,a ZION for the account mentioned ls -,
aS0ut over and that therefore the SeHst-4i- Ne
49, - have some rally from its low po4nE W
SoS9rever still feel II IL az the best OlLI . Soy
e aD market, with still lower tendency
CIVILIZATIONS TO LIST.-AppIcation has been
- >, the stock Exchange 10 list S'."'.oeo GU
oIt5,rad mortgage 4 per cent gold oohoS OI -
series A Of the Vandaha Railroad Coilp@-S' =.
= 155 90 first mortgage per cent MY yea 80 80
boDds Of 1852 OF the Western Maryland I-Ai-i''
Company. -. a. S.at4
MISSOURI CROPS-The report OF 'Ie 50"
pa - Agriculture says rain in the latter par
of Aprl brought relief Corn acreage Is -iN7.'
be large. - per cent is planted this year. -,
y rer cent the same time last year Average 80
tion Of crop planted, 80 against % last year
acreage is only per cent below the acreage LEI
vested last year. 49,
y,-E,S1,t-FN NARYI.AND.-T Western MAY
Ind Railroad Company has applied 10 the S'0'A
Exchange TO list 81 .15S.ooo hrst mortgage pV' ~
-sr,, year gold bonds Of 1872
CURRENCY FOR SAN F'FANCISCO.-IheIo W
transferred yesterday through the local ouo-Ll 1,
,,,r for the account OF New-YOr banks AOoo'"'" -
Francisco