New-York tribune., 1906-05-25
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses were rot
active factors in the local market dealing in only
a few thousand shares. mostly purchases Of Erie
In London cOnsols were steady. and the general
market quiet and featureless. The Bank of Eng
land made change in its minimum rate of dis
count Open market discounts in the foreign
capitals showed important changes.
DUN'S CORN ACKNOWLEDGEMENTS to 'tDun's
Review" from branch Offices of r G. Dun & Co
situated in the corn belt Indicate that prospects
for the crop this year are most encouraging. After
much irreguarity the weather is becoming general
Iy favorable for production. earlier drawbacks
being overcome Planting late in the East
and in of the Central Western States. but
there IS no reason TO anticipate any curtailment
of yield on this account Some damage 10 early
corn by worms necessitated repantng. and almost
all the area is now sown. while In many states the
grain is well above the ground vet the crop.
whole, is backward.
PACIFIC COAST SUGAR WAR.-The Pacific
Coast branch of the American Sugar Refining Com
pany has met the latest cut in prices made by the
California and Hawaiian Sugar Company. and the
rate war started last week between these conflicting
interests for control in the Western sugar market
we'll under way. Both concerns are selling sugar
ass cents pound. which, less the rebate. brings
the net cash price down to 40 cents pound. or
10 cents hundred pounds below the price prevail
ing in the local market
ATCHISON CROPS.-Atchison's crop reports in
dicate more than twice last years yield of wheat
in oklahoma fully as much as last year in Kansas
and considerably more in Texas Rains this week
came just where they most needed. Corn is
in good condition and the acreage is the same as
last year Oats are about normal Ripley's figures
for Kansas are 75OOOO0 to SOOOOOO bushels and for
Oklahoma 25.OGO000 bushels.
REPUBLICS IRON PURCHASE-ConsiderarI
interest is taken in the announcement OF the mr.
chase by the Republic Iron and Steel Company Of
0O0O of pig iron from the independent furnace
interests. The order placed 10 augment the
supply of the Republic company from its own fur
naces the prices that have ruled during the last
month. The purchase is regarded as an indication
that the big consumers stin running exceed
ingly close to their available supply for current
business
UNITED STATES STEEL ORDERS-It is Off
cially stated that the production OF the United
States Steel Corporation in the current month will
run close that OF March record month The
corporation has a larger capacity than ever
before In its history. II also be said that the
business coming in is running close TO p.o-
ductiOn
SAN FRANCISCO SENDS MONEY To NEW
YORK-The local Sub-TreasuTy paid To banks YES
terday Ni7O.OO on teegraphc transfers from san
Francisco. Most Of this money represented the
gold received at the Pacific Coast from Australia
The National City Bank. which received 81 Oa 40
OF this amount returned It 10 the Sub-Treasury in
CHICAGO & SOUTHWESTERN DIVIDENDS
UNCHANGED.-Chcago & Northwestern directors
have declared the regular quarterly dividend of =
per cent on the preferred stock and the regular
semi-annual dividend of Sls per on the com
mon stock both payable July TO stockholders OF
record June 8
LACKAWANNA'S NEW HIGH RECORD
PRICE-Delaware. Lackawanpa & Western stocks
made new high record yesterday. selling at 6,O a