New-York tribune., 1906-05-10
MINING STOCKS.
WALL STREET AND EXCHANGES

FOhEIt5N TRADlNG.-Foreign houses dealt IN
upward Of m.ooo shares in the local market OF
Wnlch lo'OoO shares were purchases In London the
general market was heavy. Money was IN fair de-
mand and discount rates were a t-iAe easier rho
beginning Of the fortnightIy settlement showed a
disappointing absence OF buying for the new ac-
count.
sUB-TREAsURY TRANSFERS AND GOLD
MoVEMENT.-The sub-Treasury transferred yes
terday for local banks SlOl9OOe, Of which arnount
S'Z"Wo was for San Francisco and $4,000 for
Denver The receipts Of gold yesterday from Eu-
rope amounted 20 S.aS5OOo. The National City Bank
returned to the Sub-Treasury 100000 which had
oeen deposited against gold imports. The Sub
Treasury was debtor at the Clearing House TO the
extent Of S6OS5o yesterday morning and its loss II
the banks since last Friday amounted to 81 4O2 OOO
The advance in domestic exchange at interior points
on New York suggests the probability OF a gain by
the New York institutions on the weekly movement
OF Csrrency-
ANACONDA'S HEAVY PRODUCTION.-In April
the output Of the Anaconda properties exceeded the
production Of the Boston and Montana mines by
$4,000 pounds and It is estimated that the produc-
ton in May vs. likely to run ahead Of Boston and
N1Ontanas by probably 100000 pounds. 1t is esti-
mated that Anaconda will earn 30 per cent this
year, or 10 per cent price OF 100. as quoted in
the market. The next quarterly dividend il is
thought. may he the rate OF either % or % per
cent. Before the end OF the year the earnings Of
Anaconda are expected to show 80 per cent a year
and those largely interested in the property pre-
dict ESQ it's price
SECURITIES LIsTED-The following securities
have been added to the Stock Exchange list: Chi
cago Northwestern. $1s.2S7.4OO additional COM
mon stock. making total listed s75. .271 OOO and
S4.97sO00 capital stock of the Manila Electric Rail-
road and Lighting Corporation.
TO ASK FOR A DIVIDEND ON LOCOMOTIVE
CONIMON.-It is understood that at the next fun
meeting of the board Of directors Of the American
Locomotive Company resolution will be presented
favOring the beginning of dividends on the COM
panys common stock. The company has been
averaging earnings Of 10 per cent on its common
stock for a number Of years. including the fiscal
year of depression in 10000
EXPRESS COMPANIES DIVIDENDS IN
Observation-Disclosures Of the American Express
Company have declared the regular sen1i-annual
dividend of sS and the usual extra dividend Of 81
payable July 10 stockholders OF record May 81.
The Adams Express COmpany's directors have de-
clared the regular sem-annJial dividend Of 50 and
the usual extra dividend of 50. payable June 1.
TO BE LISTED IN BOSTON.-The stock of the
Mcmac Mining Company is about be listed in
Boston. which centre is largely interested in the
property. Advces from the company's mines say
that in the last month the record for Nova Scotia
drifting broken. the company having driven
it's three hundred foot level east 1O feet high and
about five feet wide.
PENNSYLVANIA Rail-. ORDERS-The d;rec-
tors Of the Pennsylvania Railroad Company have
approved the steel rail contracts making the fol-
lowing allOtments Of orders: United States Steel
Corporation. W.aoO tons; PennSyiVania Steel Com
pany, 3s,O0O tons; Cambria Steel Company SS,OOl
tons Lackawanna Steel Company. 14.4SO tons. max
ing total OF 1s0. $50 tons
STRICKEN FROM THE STOCK IIST-Georse
W. Ely. secretary OF the New York Stock Exchange.
that owing to the practical conversion OF
all of the bonds into stock the lien convert
bic per cent bonds of 1911 OF the Union Pacific
Railroad Company have been stricken from the list
DELAWARE & HUDSON OFFICERS RE-
ELECTED.-The board of managers OF the Della
& Hudson Company organized yesterday. and
reelected all the retiring officers.
INTERBOROCGH RAPID TRANSIT DIREC-
TORS REEL LECTED.-At the annual meeting OF
the stockholders of the InterbOroush Rapid Tran
sit Company yesterday the retiring directors were
reelected