New-York tribune., 1906-07-03
WALL STREET AND EXCHANGES.

active in the local market. total operations aggre
eating $500 shares, evenly divided between sales
and purchases In London consols were steady and
foreign bonds were slightly frner. The general
market dull and without feature A further
advance in bar gold in London rejected the com
petition IN the open market for the metal 5ut
Paris the only outside place which secured any
OF the &.ooo.O00 gol5 which arrived in London yes
terday.
GUGGENHEIN EXPLORATION CO2PANY.-
At the meeting Of the Guggeaheiun Exploration
Company, at Perth Annboy. it was voted 70 in
crease the capital stock from $1zC00OO to SOO00G
II was stated by President Daniel Guggenheim
that the company had acquired had made con-
tracts for the purchase Of larger interests in i'm
portant mining properties in Nevada Utah, Alaska,
Yukon Territory and British Columbia, had in
CURED obligations OF more than A0O0OOoO and that
further outlay viii be required take certain
valuable options Each subscriber OF record viii
be entitled to subscribe to 80 per cent Of present
holdings at 500 share and all unsubscribed stock
may be sold at the discretion Of the directors at
not less than 500 4 share
ATLANTA, BIRMINGHAM ATLANTTC-The
recent increase OF 100000 in the capital stock OF
the Atlanta, Birmingham & Atlantic Railroad was
determined upon. acco9ding to an Official state
rnent in order to meet the cost OF new construc-
ton and equipment over ana above that originally
contemplated The stock wilt now consist oe $S15o-
O00 preferred and SS17O60O common It IS expected
that the entire system. GO miles IN al, viii be in
operation by July l. 1907.
DIVIDENDS DECLARED-The trustees OF the
Minneapolis Brewing Company have declared the
regular quarterly dividend Of ger cent on the
common stock payable August L The Georgia
Railway ard Electric Company has declared reg
ular quarterly dividend Of 81 . on the preferred
stock, payable July 20 TO stock OF record July Il
The trustees OF the Italian Savings Bank have de-
cla-ed dividend at the rate Of per cent year
or deposits credited July , The directors OF the
H B. ClaAin Company have declared the regular
quarterly dividend OF per cent on the common
stock payable July 16.
CANADIAN CROPS-The last week IN the
Canadian crop territory was hot. with heavy rains
Wheat is improving rapidly from the early cold
weather and is thirty inches high IN parts OF
Manitoba Fall wheat IN Southern Alberta has
the increased acreage brings the yield back 20 nor
nal. The Agricultural Department. OF Manitoba
expects to have the biggest yield this year on rec
ord Il is reported that the outlook for exporting
the crop IS excellent. and that Il will bring great
y increased price over last year
UNION SWITCH AND SIGNAI4-The earnings
of the Union Switch and Signal Company OF
swissvale. Penn. for the first three months OF this
year were large enough TO pay the dividends for
the entire year. The company has a capital OF
g 25oOOo and pays quarterly dividend Of 2ls per
cent on the preferred, and per cent on the com
mon stock.
PIG IRON sTOCKS-The American Pig storage
Warrant Company makes the following statement
oI SSOcES n warrant yslfCS as o. June 30 1893.
hand May 3. u eco tons received in the month OF
June 200 tons; total 1850 tons Deliveries in
June 74co tens: total on hand June go. 14100 tons
PACIFIC COAST COMPANY.-The Pacific Coass
Company has decided TO transfer its headquarters
70 Seattle from San Francisco The work oe re-
raova Is n progress. Reasons given arc ea-th-
quake, searnen's strike ard the growing Alaska
trade
GENERAL CUT IN MISSOURI RIVER GRAIN
RATEs.-An lines tc the Missouri River have de-
fho o1Tf1 20 Cy.s-
Western IN reducing the grain rates
NO GOLD ENGAGED-Of the 81 OO0OO0 bar Gala
offered in the open London market the Bank ~
England secured $4,000 and Paris practically an
that was left
COPPER ExPoETs-Total exports o. copper
for the month Of June were 1853 tons since Van
uary 1coTeO tons.
FRIES s FAVORABLE SHOWING-Froua the
Erie statement fer the month Of Nav made public
it viii be noticed that regardless OF the
suspension Of operations in the anthracite coal
district in the greater part Of that month. the
gross earnings show material decrease from the
preceding year II Is evident that the cornpan-
has been able 70 secure sufficient traffic from other
sources 70 offset the loss OF its coal traffic the
same as in the month OF APRIL and AZ the same
time make material reduction In its operatta. ex
penseS thereby efIecting increase in net which
must be considered favorable showing Judcne-
from the experience Of the company in the strike
IN the anthracite industry three years ao and ,ha
recent suspension. II would seem THAI the general
traffic OF the company Is being developed 10 the
extent Of keeping up its earnings in such times
and that when its facilities ana equipment ara e,
larged. contemplated larger increases in s-vos-
earnings may be expected at a dirninishe1 CO
Grating cost
SOUND WALL STREET SENSE Henry clews
in his weekly market letter. says:
The Presidents policy will temporarily be uses
Oy market operators as pretence for bearlsh orr
eEallons ont "a the long run the railroads ana ali
other corpora atons are likely 10 be BENEFITED ~ the
aoolshing OF rebates and other abuses which II iz
tAs Presidents determined purpose to accararIish