New-York tribune., 1906-06-19
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses sold 5000
shares in the local market. chiefly Union Pacific
and United States Steel Sales for London ac-
count apparently were due to the urwtIlingness OF
foreign SPECTATORS to carry large lines OF stocks
pending more favorable advices from Russia In
the London market consolS trihe frmer but
the Russian Is continued heavy. The Paris market
was the weakest point abroad. owing TO the nqui-
dalton caused by the serious situation in the Rus
sian Empire. There was no material change IN
foreign money rates.
DIVIDENDS DECLARED The trustees OF the
Bowery Savings Rank have declared semi-annuaI
dividend at the rate Of 81 per cent year. payable
July 16. on all sums of s. and upward. and not ex-
ceedng 5000. which shall have been deposited
three months prior to July next The directors
OF the Lake Shore & Michigan Southern Railway
have declared the regular semi-an1ual dividend
of 4 per cent. The Copper Range Company. one
of the subsidiary companies of the Copper Range
Consolidated. has declared its third dividend Of
81 50 share. due June l6. 1860. This is the first
dividend declared by the Copper Range Company
this year. The last dividend. amounting to 81 80 a
share. paid December 81. 1895. The directors
of the Home Telephone Company have declared
the regular quarterly dividend Of ! per cent. The
board Of directors of the State Bank have declared
the regular semi-annual dividend OF 80 per cent
payable July .. The directors OF the Columbia
Bank have declared a semi-annuaI dividend of
per cent, payable July The directors of the Citi-
zens' Union Realty and Mortgage Company have
declared = dividend of 115 per cent payable July .
The regular scm-annuaI dividend of per cent
will be paid on the capital stock OF the Temple
Iron Company on July TO holders OF certificates
OF beneficial interest OF record on June so The
directors OF the Michigan Central Railroad have
declared the regular sen;i-annual dividend OF per
cent. The regular quarterly dividend OF IL per
cent the New York Central stock is payable
July Is to stockholders of record on June so The
Lake Erie * Western has declared the regular
dividend of per cent on its preferred stock. pay
able July IS. The directors of the Mahonins Coal
dividend of per cent the common stock and
2la per cent on the preferred payable August l. TO
stockholders of record June 80.
BESSEMER SALES.-Statennents as TO the
amount of Bessemer iron that has been sold In the
Pittsburg district differ. 1t is figured that last
week sales of Bessemer aggregated more than
10000 tons. The Republic Iron and Steel Company
is said to have bought 1000 additional TONS bring
Ing its total purchases up TO 4l.Ooo tons. The
Youngstown Iron and Steel Company Is credited
with 1880 tons; Sharon Steel Hoop Company 5000
tons of Bessemer and 1900 tons OF Basic ALLEGHENY
Steel and Iron Company. 5000 of Besseuner and
6ooo tons OF basic and the Otis Steel Company 1900
tons As result of the recent heavy purchases OF
iron. prices stfening In the local market Sat
urday and yesterday several thousand tons Of
foundry iron sold
SCARCITY OF LABOR.-Rogers Brown 4. Co
have received the following from their Cincinnati
office: "A feature of the industrial situation which
is not cited generally. but which is source OF con-
siderable apprehension those Interested In South
ern advancement. is the great shortage of labor
which exists and has existed In the South for sew
eral yearo. and which Is every day falling behind
tho demand made by the increase In new industries
IN that part Of tho world -Four years ago labor