New-York tribune., 1906-06-15
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses were not
active IN the local market trading being about
evenly divided. There were sales of copper for Lon
don account. which offset TO a great extent by
purchases of Steel and Union Pacific. Most OF the
arbitrage houses were short of Baltimore & Ohio.
and their buying helped the advance in that issue
In London consols steady but foreign bonds
were heavy with especial weakness in the Russian
issues. Copper stocks weak being Influenced
by lower prices for the metal The Bank OF Eng
land made no change In its discount rate. its
weekly return showing substantial increase in
proportion OF reserve TO liabilities as compared with
a week ago. The decline in the Russian bonds
due to uneasness over the disquietins report
regarding internal conditions In the Russian EN-
plre.
DIVIDENDS DECLARED.-rhe westinghouse
Air Brake Company has declared the regular quar-
tery dividend of 215 cent, and the usual extra
dividend Of 219 ser cent. both payable July To-
The Hudson Realty Company has declared the
regular quarterly dividend of per cent payable
July l. The Southern Pacific Railroad Company
has declared the usual semi-annuaI dividend Of Sa
per cent its preferred stock, payable July to
holders of record June 80. The Tennessee Coal and
Iron Railroad Company has declared the regular
quarterly dividends of per cent on it's common and
per cent on its preferred stock, PAYABLE August
The Guaranty Trust Company has declared the
usual quarterly dividend of per cent PAYABLE
June so The jefferson Bank has declared a semi
annual dividend of per cent. an increase of per
cent over the last preceding payment The dividend
National Bank of Cuba declared it's usual semi
annual dividend of per cent. payable July / The
AeOlian. Weber Piano and Pfanola Company has
declared the regular quarterly dividend of Is. per
cent its preferred stock. payable June 80 The
Baltimore & Annapolis Short Line Railroad Com
pany has declared the usual seri-annual divi-
dend of per cent, payable in July. The United
Gas Improvement Company, of Philadelphia, has
declared the regular quarterly dividend OF per
cent payable July IA to holders OF record June So
PRODUCTION OF IRON-The production OF N
thracite and coke pig iron In the month OF May
aggregated 2o9s Ti6 TONS making the total for ths
five months OF the current year 10 800 $50
The latter figures compare with 926s127 In the
corresponding period OF last year and 666 So2 tons
in the corresponding period OF 1901. II will be seen
from this that production OF pig iron since the
first of the year has heen making new high records
The output In May larger than In any preced-
ing month IN history with the exception OF March,
1906, when production of e.165 $50 tons was re-
ported
REPUBLIC-TENNESSEE COAL AND IRON
The directors of the Tennessee Coal and Iron Com
pany and the Republic Iron and Steel Com
pany have concluded a series OF meetings held In
this city this week. The meetings OF the directors
OF the Tennessee company were devoted largely o
discussing and passing upon extension plans The
most important extension proposed the erection
OF steel mill which viii enable the company to