New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-05-22

FOREIGN TRADING FOREIGN houses aa,l, q.
1900 shares in the local market chiefly rureb,...
IN London the general market was quiet and 49,
ureless. Money rates continued easy. and n ~,
thought that there would be a reduction this v,sz
in the Bank OF England's minimum rate a. AZ.
count Exchange IN Paris and Berlin On Ir1so7
advanced.
REPUBLIC IRON AND STEEL.-Ths dr-,,,-,
Of the Republic Iron and Steel Company vfI nsos
to-day for the purpose OF acting on dividends ma
regular quarterly dividend OF ia per cent and PEE
cent on deferred payments on the preferred ara
expected. The earnings OF the company are nos
at rate OF more than SAOOO,Oo0 year Deferred
dividends aggregate 10 per cent A Representative,
of the company says that for the first SIX months
Of the current year the Republic Iron and s,esi
Company will show substantial surplus. notzith.
standing payments on back divideHds m con-
pany is we'll supplied with cash and Is receiving IN.
terest on 100000 lent in Wall Street
IRON CONDITIONS IN THE WEST-RossIs
Brown & Co. have received the following from
their Chicago office: During the week Interest
has seemed 20 centre about the malleabls hal
market not to the entire exclusion OF other trade
but it is pretty well conceded that the demand Cor
maIleabe castings during the remainder Of the
year at least will be strong Quite number q
contracts for maIleable Bessemer pig iron vera
made. some for the third quarter and some for de-
Iiveries running through the last half Il would
not be surprising 70 find within very short tua
that Ohio irons will be in better demand az hons
at higher prices. and that the low figures hereto
fore quoted for Chicago delivery viii no longer b
available. No one seems 70 be willing 70 make thu
a positive prediction. but the tendency is in this
direction
London and local market suffered q sharp declls
yesterday under the pressure Of sales for the O.
count OF operators who were active in the raa'1
bull campaign The net loss for spot tin vasA
which gave the closing price OF fls4 This wa
out the advance OF about tn established in thse
cent upward movement and il puts the pEesl
price Of fs4 against the quotation Of f1sS 5S Waii
was quoted on May l. when the bull campaign VA
inaugurated New York followed the lead Of Lon
DON and declined Sls cents 70 O94le for the Spa
position.
AMERICAN LOCOMOTIVES-Traders on the
floor consider that the Gates party is the leader o
the speculation in American Locomotive. The VU'
NOR Of a 1 per cent quarterly dividend on July a.
pears to have originated in that quarter ne
stock is not difcult 70 manipulate, probably tor ne
reason that pool holdings were unsalaole Vael Nc
market broke in April. and are still intact
APPLICATIONS To ILST-Applicatil mas
been made to the New York Stock E1.-ss 4"
list the following securities, City OF Nv -
S20CC0OOO corporate per cent stock, Chicqz, -
Western Railway Company. 14eo0e aq
preferred ''B'' stock, United states Ruolel -.
panv $4,000 additional first preferred s1oe@s -
cago & Western Indiana Railroad Cospeas, -
1900 consolidated mortgage per cent oa, {"
1882: Louisiana & Arkansas Railway Company -
600 additional first mortgage per cent oo-l- -
1921
MONEY AT CHICAGO-Money here m Ca.-s'
is harder. So per cent being the miniHlQal e =
but favored customers pay per cent. Ne- 80
exchange. which was par Friday ana % -
premium Saturday, IS now % cents preHiai-.. -
a tendency TO work higher. Al Chicago ollas
well loaned up. Commercial demand shows a 50
ual increase -
SJTB-TREASURY TRANSVERSE
Treasury transferred for local. banks S-- \.
San Francisco. There was deposited az u.S -,
Francisco mint for transfer 70 New 4o-A
for the account of al Oakland bank
ST. PAUL FINANCING early ruEaot 49,
day. which found no confirmation. but WASH - -.
time caused weakness in the stock OF the - ,S-s
THAI the ST. Paul was about 10 put ont $500 $500 y
two-year So per cent notes Tor the P~s
meeting the COST % The Pacific Coast eNte-s-.-