New-York tribune., 1906-06-30
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses sold l5,ooo
shares in the local market In London the general
market was heavy under the influence OF French
selling. In the Paris market prices were weak
and trading was somewhat panicky, due TO the con-
slant development of adverse internal condittons
in Russia Foreign discount rates were stea.ly
somewhat frmer tendency in London being due 70
the American demand for gold
DIVIDENDS DECLARED-Th directors OF the
Boardway Bank of Brooklyn, have declared divi-
dend of per cent. payable July 2 This dividend
is at the rate of IA per cent year and is an in
crease at the rate of 2 per cent year over the
dividends heretofore declared The directors OF
the Des Moines & Fort Dodge Railroad have de-
clared the annual dividend OF per cent the
preferred stock. payable August L The board of
directors OF the John B. Stetson Company has de-
clared a senni-annual dividend Of per cent the
preferred stock for the half year ended May 81
and an ad interim dividend of 10 per cent on the
common stock. payable July IA
GOLD IMPORTS RESUMED.-Gold to the
amount of 10000 engaged yesterday by the
Hanover National Bank for shipment to this coun-
try from London. This gold was sold by the Bank
of England IN bars. A dispatch from London
nounced that New York interests bidding
rs 10l4d for the gold arrivals due week, this
being advance of Id. since last Monday. 1t is
quite generally believed that the resumption OF
gold imports represents the reittances Of foreign
insurance money for the payment of San Fran
cisco losses and payments on the Pennsylvania
loan.
CHICAGO SUBWAY.-A G. Wheeler president
of the Chicago Subway Company gives emphatic
denial TO the many adverse reports that have been
circulated recently in connection with the affairs
of the company. He says: The reports that the
financial plan of the Chicago Subway has failed or
has been abandoned without the least founda-
ton wha atever. 1t is also that the telephone
exchange OF the company has been is to be
abandoned. The Chicago Subway Company
never in better shape financially or physically,
the directors reported can also say that no
attempt has been made TO float a loan abroad"
MOVEMENT OF METALS-A total of 1885 4s1
pounds of lead. valued at SSf7,4O0 imported
into the United States in Nav this comparing with
994S9s0 pounds. valued AT S1s1 456. a year ago. In
eleven months OF the fiscal year there have been
shipped 10 the United States 166.H3,5SS pounds Of
lead valued at S3773 3 as compared with 203 COS
pounds with value of S,634516 in 1875. Aoout
sIO7.29 pounds of tin, valued S3363.722. were
brought in during May against 5,310, ,+OS pounds
year ago. Eleven months imports were S.53SS70
pounds. against IT, 2Ss pounds year ago. Lead
exports in May valued AT sS2.1S7, against SSN7
IN May. 1905 Since July ! 1895. there shipped
lead valued at Ssso.3l2-
VULCAN DEFINING COMPANY.--At a meet
ing OF the directors of the Vulcan DEFINING Com
pany Thursday the regular quarterly dividend
of IA per cent and a extra dividend OF y per
cent on account of the accumulated back divi
dends declared on the preferred stock.
Dividends are payable July 20 The reason for
the reduction Of the extra dividend 10 !. OF per
cent Qast quarter the dividend was 1A and per
cent extra) account of the addition TO the
Sewaren plant now in Irse of construction. which
will be in operation August l. and which is being
paid for out of earnings. The company has ac-
cumuated and now has hand a stock of raw
material sufficient keep its entire plant running
full time the remainder of the year.
FOR RETIRING KANAWHA & MICHIGAN
STOCK-The Hooking Valley Railway Company
will issue S. 10000 additional common stock. max
ing the total Sl6,40o0o0 TO be used for the
absorption Ct the kaaawha s Michigan Hooking
Valley now owns control, but all ka1awha stock
will be re- ired The outstanding capital stock Of
the Kanawha & Michigan is 100000, and the ex-
change will be the basis of CO. 1t is proposed 10
retire Hooking Valley preferred in exchange for (
per cent bonds
GiAIN EXPORTS FOR THE wEEK-''Brad-
streets's'' reports the exports OF grain for the
week with comparisons. figures IN bushels, as fol-
lows: Wheat, -four included. 1902555. against 100
coo last week 75G6H in this week last year ll-7SS5
in 1864 and 2e656S2 in !Se from July !. 1404S24o
contrasted with 62,4S3.757 last year. l33S72oH il
1904 ma 22}c1 275 in 1903; com s7o2S5. compared
with 20 as7 week. 12eG36i in this week year
ago 55sCs7 in 1904 ana 1420l72 in 1903; from July =
rO 20 ~. against 7s.27SC59 in 1865. 5ooS'Sh IN l9O
ard CT. $50 In 1895
RECORD YEAR IN CUSTOMS RECEIPTS
gross &c, c,eirts from customs at this city for the
fiscal year ended to-day will be more than 800
Ooa 0G1 the largest IN stCry of this port The
previous high record for the fiscal year lSo2-o3
whom the receipts were as3ooo.0'O The detailed re-
vort viii be issued to-day.
SOUTHERN RAILWAY COMPANT.-A2plca
ticn has been made to tine New York Stock IN
chante 20 list the following securities. An addi-
ttonal g oil COO of first consolidated mortgage
per cent bonds of 1904 S-0aCo additional ST Louis
Division first rnorts1re per cent bonds of 1851,
and 100000 additional Memphis Division first mort
gage t. a.. per cert bends of the Southern Ran
way Company
MARKET OPINiCN-Ope-ators who have made
regulations in the past all look fcr lower prices.
but intimate that II is the desire OF large banking
interests 10 prevent collapse of the market. and
that these banking interests win for this purpose
offer support when stocks are in danger OF demon
alization.
INDUSTRIAL POOLS LIQUIDATING.- is un-
derstood that number OF the smaller Industrial
pools are finding difficulty in financing their hold
ings and arranging new loans OF time funds MANY
OF these pools supplied with time loans which
expire at the end of the month.
GOVERNMENT DEPOSITS RECALLED D-Sec-
retary Shaw has sent letters TO banks which re-
ceved part of the Soooooo special deposits OF last
March requiring them 20 return these deposits be-
tween July 10 and July 20 This special deposit
distributed among forty-eight banks in New
York. Chicago, Philadelphia, Boston. St Louis and
Baltimore
COPPER ENPoRTS.-ENports OF copper for the