New-York tribune., 1906-05-24
WALL STREET AND EXCHANGES

FOREIGN TRADING-Fo houses dealt "A
1Oora shares in the local market, buying on bal
ance. The heaviest purchases we're in Erie ana
the chief selling in Pennsylvania In London con
soIs were strong and the general market was nm
The most important development in the fOreisa
money situation was the reduction oy tne lnpe'i1l
Bank Of Germany Of its discount rate from . to -
per cent.
SIGNIFICANCE OF NORTH BUTTE Dl'l-
DEND.-The raising Of the dividend On W.
Butte copper stock from a basis Of 8 per cent "
* Der cent is held 10 have great deal Of ssiin-
canoe. as North Butte is controlled oy uis S---'
general interests which arranged the AIlais
T4ainz- settlement and are Influential IN tne 80
rarnated rnanagement The Anaconda c0i-s--- ~
far stronger in cash resources than y Nui'-
and if those in control of the latter Ieel 'e -
20 the assured long life OF the NORM - =,
bodies. they can distribute big dividendS 'As'
! do no less with Anaconda
CANADIAN .PACIFIC'S LAND GRAN -
SET-Proceeds from the sale OF land os e,.-s -o
dian Pacific Railway Company so 70 d - -
and do not appear in the weekly OF Hi'A'.-I
in,,s-a fact that is often overlooked or Is ul ~,
=, ~, study these returns. This funa -
so grown that within few WeeAs go -..r.4
grant bond will be paid out Of It ana caA'.- -,
This will leave the Canadian Pacihc WIN -
than 100000 acres OF land and eNlsHsl, ,,,
estate holdings in many towns and ci'''S'
10 be worth easily Sl50@o0ao. as a iEte SSS'
DIVIDENDS Observation-Disclosures 3 - :. !,
Illinois directors have declared the iesI- s,o-s
cent quarterly dividend on tne pre- po,s
pavable Julv . The directors Of the Ch037a' 7l,,4
Island & Pacific Railway have deC1--' - csnt fos
of per cent. making dividends OF - -. 4 Sa1
the year. payable July The y - -, ,rs-.
Francisco has declared the regular per -,r,rs
erara
JuIv ? The directors of ere Associates - "A
have declared the regular quarterly os rhs
per cent and one-haIf of per cent - ..,rs q
common stock payable June ! IDe .-,,r,d t.s
the International Paper Company have - !, tho
regular quarterly dividend ot l's pe'
preferred stock. payable July
TENNESSEE COAL. AND IRON ~ Iroa
ing Of the directors OF the Tennessee v-srtrssss
Company the merger Of the Sou'hei" ,.sl eorl-
Of the Tennessee and Republic IRON ""L - vhca
paries was approved The extension p -, ,,,,,usssd
will involve several million dollars W. w. I,yt1enss
The directors will meet in June 70 a''
POOR'S RAILROAD MANUAL ~ ...gssss
AND DIARY-POor's Railroad Na"'' feat
and Diary. recently issued, contains -. ,ssges
ures which have not appeared m -,.,,stcs q
Among the innovations are cohu-l' - s-,tss aa1
steam and street railways OF the tn''ei Isaiai
railroads for the period 1910 70 1870. .,,,s
SECURITIES LISTED The toli'W''S =. s,t.
have been added to the stock E,Nchanse :, - he
100000 per cent registered corporate ,,oa 90
city of New York due November l. -. '.t staiss
additional first preferred stock Of the r,ors,
Rubber Company and $666. 900 additional - oai-
gage per cent coupon bonds Of lS-' "a
ana & Arkansas Railway Company -.
MONEY FROM CALIFOFSSlA-A Eis.--, $50, sa>
Washington says: Banks in Fresno .,,-nin:
ramento and Oakland in California are 80 ,h.
money 20 the East received by them - -
earthquake More than S5OO,0'S was
day In various amounts. -,-rE
INrERBoRoUGH METROPOLITAN slCS !, III n,
TIES.-The committee on unlisted seo''.,.s sseus-
stock Exchange has given notice thal '" -, vi
ties of the Interborough- Metropolitan O0'-''
be Deliverable TO- morrow. .,-r
JERSEY CENTRAItS EARNINGS Ds-e .."-.s I,rssl
Earnings Of the Central Railroad q - and
for April show a decrease in gross o. ,.,,ia'
decrease in net Of SS54 495 the falling o.. -,,nts
the suspension e active coal mains u ,.,ors q
CORN PRODUCTS REFINING. - '' N IN ~
the Corn Products Refining Company