New-York tribune., 1906-04-26
5000 Total sales.
WHEAT.
WALL STREET AND EXCHANGES

FOREIGN TRADING.-FOreign houses sold 10,
900 shares In the local market. In London the gem
eral market firm. consoIs closing above the
last figures of the preceding day. Money was in
good demand at all the foreign capitals but the
application for the Russian loan failed to. exert
an appreciabe effect rates for funds. Discounts.
however, remained firm owing chiefly to the de-
mand for gold for American account.
SUB-TREASURY TRANSFERS. local Sub
Treasury transferred yesterday ssS3.50O San
Francisco and $4,000 TO Chicago. The San Fran
cisco transfer included $4,000 raised by the New
York Stock Exchange for the California sufferers.
Not including yesterdays transfers the banks have
lost to the 5UbTreasury since last Friday sa7SO0O
conpare+ with gain of s166S0OO0 in the time
in the preceding week. There deposited at the
Sub-Freasury yesterday for the account Of local
banks q coo gold. and bonds to the amount
were withdrawn So far there has been received
rom Europe against the deposit OF Ss37o0oo securi-
ties at the SubTreasury gold to the amount OF So
100000
CANADIAN PACIFTCS BIG EARNINGS
Earnings OF the Canadian Pacific for the third
week IN April show increase OF $4,000, making
from July 1st gain of sS.46s 800 comparison be-
ing made with the period year ago.. The
Minneapolis ST. Paul & Sault Ste. Marie which Is
controlled by the Canadian Pacific shows earnings
for the first eight months Of present fiscal year
nearly as large shown in the entire fiscal year
ended June 30. 1895. which equivalent to 70
per cent the common stock.
STEEL PRODUCTION.-If there are no unfavor-
dDio ueNtlopHlSuIS tue prOQuCJlOn OF JE6 UnJeQ
States Steel Corporation Will show an increase IN
every department this year. The corporation will
break new record IN the matter Of steel rail pro-
duction, and 20O00 tons for the year is considered
conservative estimate Increase OF about 10000
tons over the preceding year and little 10000
tons over the high record year. Total finished and
semi-fnished steel production by the United States
Steel Corporation is expected to reach 10sOoOO0 tons
compared with 9,226, $50 in the preceding
year
Ny1rv1A
The American Chiels Company has declared the
customary monthly dividend OF 1 per cent and an
extra dividend OF per cent its common stock
pay able May 19
IRON SITUATION.-Buying OF iron Is reported
good by manufacturers and inquiries in the mar rket
increasing. The LehIgh furnaces are finding no
relief, number OF them having been forced TO
close account or adverse coal conditions A
large amount OF iron has been sold over the last
two weeks for delivery in the latter half OF the
rent year
SECURITIES LTSTED-The following securities
have been added to the Stock Exchange list:
Wabash -Pittsburg Terminal Railway Company
100000 additional first mortgage per cent gold
bonds or 1884 making total listed S9OOOOOO So $4,000
additional first and refunding mortgage 4 per cent
100 year coupon bonds OF 3O0t of the Missouri Kan
sas & Texas Railway Company; s50eCO additional
4 per cent lien gold bonds OF 1895 making total
listed s,0oOoo of the Detroit & Mackinac Railway
Company; aooo@OoO guaranteed S1s per cent 20 year
Railroad Company: $4,000 additional common
capital stock making the total listed Gs 10000 OF
the United Railways Investment Company OF San
Francisco o
DIVIDEND IN SCRIP-The directors OF the
United Railways and Investment Company Of San
Francisco have decided to pay the dividend OF 4@t
per cent on the preferred stock RECENTLY declared
and payable on May l. in scrip. instead OF cash
owing 10 the disaster at San Francisco The d.
rectors deem II essential to employ all the cash
available in restoring the property OF the United
Railroads OF San Francisco 20 its full earning ca
pacity. The statement of the directors regarding
this decision says:
In view Of the uncertainty surrounding tha sim
alton In San Francisco. which cause the actual
cash balance carried by the railroads company to
be unavailable for the time, and OF the fact that
the insurance to which the company may become
entitled may not be Immediately collected, II seems
70 your directors wise and conservative TO husband
all the cash In the treasury OF the company in
order to be prepared to Immediately meet any
emergency that may arise by loaning such OF the
United Railroads.
All dividend scrip issued by the company to meet
present emergencies will be redeemed at par and
accrued interest before any cash dividends are paid
on either the preferred or common stock OF the
company.
The whole dividend amounts TO $7125oo The scrip
VIII draw interest from May l. 1906. at 8 per cent