New-York tribune., 1906-04-01

have to take up a little over 90 per cent OF the
issue. These bonds have been moderately succe 80
full chiefly on account Of tho fact that thu Dtseonto
Geseschaft took $4,000 70 dispose OF IN Germany
the counter The syndicats has dons vel
with them as the price the Westinghouse company
IS understood to have received is considerably be-
low the present quotation for ths bonds Ths ISSUE
is subject to call at 105
ROCK ISLAND NOTES.-The Chicago. Rock
Island & Pacific Railway Company has sold s6.oc0.s
OOO notes to Speyer & Co. The notes are 70 rua
for two years and bear interest az ~ per cent
They are collateral trusts and are secured on
81 10000 per cent 50-year bonds OF the Rock ISL
and Arkansas & louisiana They are offered II
the Street at present at IS sss. The purpose o.
the issue carry the construction OF tbs nsS
lines toward the Gulf OF Mexico.
STOCK EXCHANGE ENEWs.-Membership trans
ferred: Benno Klopfer to William Baylis. Jr.. o.
BayIIs & Co. No. Is Wall street. New ecpartner-
ships: Du VAL Greer & Co, H. c. Du VAL Wflliarn
A Greer and ". S. Crane; Henry Mathswz,
Douglas Henry and James F. Mathews Changes
In firms: S. L. Blood & Co. Edward D. Jones and
Charles BlackwOOd admitted; William P. Bonbright
& Co. Startling w Chids. Frederick ". Stehr and
George r. Buckman admitted; Whitney & Kitchen,
Cyrus Baker Kitchen, interest ceased; G. 3 Sails
bury & Co., Benjamin W. Worth admitted and W
z. Sheffield retired The amount heretofore listed
of convertible bonds Of the company namsd below
has been reduced by conversion into stock. by ad'
vices to March 90. 1906 follows: Union Pacific
Railroad Company first lien convertible per cent?
SOO000COO Istings; S2S4Ooo present outstand'
ing Stock. listed amount increased BY conversion
of convertible bonds as advised to March 60 1876;
Union Pacific Railroad Company common stock,
s19S. .3B5, SO present outstanding
MEXICAN TELEGRAPH STOCK DIVIDEND
The directors OF the Mexican Telegraph Com
pany have declared stock dividend OF 20 per cent
on the present outstanding stock. This dividend
amounts 81 10000 par value OF stock as the OUT
standing stock IS 100000. The total stock VIII
now be 100000. The dividend is declared on ac-
count of expenditures made out OF earnings for
several years up 70 December 81, 1905
UNITED STATES STEEL-The fact that the
Pittsburg Coal Company will operate its mines
under the wage scale OF 1893 means that the United
States Steel Corporation will not suffer for the
want Of coal The corporation secures al its steam
coal from the Pittsburg company. with the excep-
ton OF 25O000O tons II mines itself.
THE COTTON ADMINISTRATIONS to This
Financial Chronicle" the total receipts OF cotton
for the week ended March So 1865 were 1oooss
bales as against 1o45S1 bales in the preceding week
The total receipts since September I have been
6545744 bales. against 1850 for the same period
last year. a decrease OF 1o59.58 bales
PIG IRON CERTIFICATES.-Pig iron ceTtI1-
Gates were dull There were no transactions Req
uIar and foundry grades were about steady, Wnha
standard grade opened shade higher. Final prices
for regular follow. Cash. April and May, 80 niai
June and October, SIC . bid Closing quotations.
for foundry follow: Cash. $6 bid; April, 10 S"~
foundry follow: April May and June. ST 5o9S7 -;
October ST 259SIT Is.
DISSOLUTION OF Barring. MAGOUN & CO.
Formal announcements sent out yesterday
that the we'll known Arm Of Barring Magoun & Co
was dissolved. The firm consisted OF Thomas Bar
ing. OF London, who has taken no active part in
the affairs CT Barring. Magoun & Co.; T. SuIeTn
Taller. Hugo Barring and George d. Hallock
Thomas Barring now retires from active business
in America. T SuTern Taller who viii hquidats
he STOC p07rra rFN Nha Lara GrU1
has formed the banking house OF Taller q Co.
consisting Of himself, Grenville Kane and Charles
Ames. with George Crocker as special partner
The firm has offices at No. q Pine street. Hugo
Barring and George D. Hallock. with Albert Mason.
will form new firm OF Barring & CO. and VIII
have offices az No Is Wall street
BOND MAN RESIGSS-Leonard Snider has re-
signed officer of the corporation of Lawrence
Barnum Co, where he has conducted their New
York bond business for number OF years He
will transact a general bond brokerage business
with Offices with Fl. L Horton Co.. No. IS Broad
way.
UTAH CONSOLIDATED REPORT.-The annual
report OF the Utah Consolidated Mining Company
shows increase in sales of 2S1, and bal
hand after expenses OF s. ~ a gain et
S.O571si. comparison being made with 1904 There
was a balance available for dividends OF ASSTSS5
and surplus after dividends OF SS7SSs; increase.
$27S.OS7
BANK CI4EARINGs.-The total bank cIearings
of the United States for the week ended March 81
SECS SeS.S7O against S2SSSs64OS4 In the pre-
ceding week and s. 7Ss. .iS61f1 last year
MEXICAN TELEGRAPH INCREASES STOCK.
The Mexican Telegraph Company has increased
It's capital stock from 100000 10 SCO0OOO notice
having been received by Secretary Ely OF the Stock
Exchange.
AMALGAMATED COPPER-AmaIgamate Cop
per interests admit that the earnings OF the COM
pany are now in the neighborhcOd Of S20OOOOOO net
wear, and that the showing will even better
before the close of the current year II there IS
material change in the situation.
b. r. T. STOCK TRANSFER AGENT.-Begia-
ming tomorrow. the Colonial Trust Company Will
transfer the stock OF the Brooklyn Rapid Transit
Company.