New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-28

fessiouaIs so peculiarly bsarish. IN spite OF the
tempting decline and the fact that trading for the
new account IN London begins before the market
here reopeus. and may usually be relied upon to
stimulate q little new foreign buying. arbftraSeurs
nevertheless old not take q position overnight
fearing failures in the London market.
CU-RA EASTERN RAILROAD.-A. Y. SIMS
president and general manager OF the cuba East
Railroad and allied interests has Just arrived
from Cuba. and reports the completion Of their
new extension TO San Luis. being a junction with
the main line 10 Havana The people of the dense
ly populated Guantanamo district now have rail
communication 10 all parts OF the island Ths
construction OF this road has involved bold engt-
neerirS work, resembling IN many parts the Den
< Rio Grande, and has been the most expea-
sive railroad work done in Cuba The rails used
are S-pound and S-pound. the heaviest 50 far en-
ployed the island.
DIVIDENDS DECLARED-TAe directors OF ths
ChesebrouEh Company have declared the regular
seml-annuaI dividend OF sls per cent on ths COM
mon stock, payable on June 4. The Detroit i Mac
kinac Railway Company has declared the regular
semi-anuual dividend Of 2ia cent, payable On
July / The Federal Mining and Smelling Com
pany has declared the regular quarterly dividend
Ia per cent on the preferred stock and the usual
IL per cent and extra OF Sl3 per cent on tns
common, payable June i.
HARTMAN GETS THE ST. LOUIS. BROWNS
WILLIE & MEXICO.-It IS understood that the 81
Louis. Brownsville & Mexico Railroad. just COM
pleted, has passed to the control OF E H Harri-
man through the Union Trust Company. which
financed its construction. The road will Be con-
nected with the southern Paci7c's HOuston-Gai-
weston line, Twenty-Five miles north OF Galveston
1t Will also connect the Hartman lines 20 be ouilk
in Mexico.
Observation-Disclosures! John Weir. q the Ne
vada-Utah Mines and Smelling Corporation Pc
fore sailing for Europe Saturday passed the TIE
papers completing the titles - al the Nevaoa
Utah properties paying 500 G1G from the comPanys
treasury 10 clear title and take up all the opCoa'
held on the Phoebe properties. which are the man
asset OF the Nevada-Ctah- Colonel Weir said g..
though he had resigned president. he hao HO'
sold share OF his stock. The comp ny now OWES
all It's properties free and clear has in It's treasury
more than $l50Oo0 and 10000 shares out OF an su
thorized capital Of t,500600 shares, OF when me-
are outstanding LOS00oO shares. The railroad "
Phoebe" he said. lis within fifteen miles OF u
camp. II Will be completed in about sixty ga,
With railroad communication. shipments viii
gin and that part Of the property VIII then % :.
paying basis The Last Chance property
Bingham is already paying expenses and q -
more. New bodies have been opened anu
years supply OF ore is hand
DEMAND FOR IRON.-Tht demand for iron 80
tinues brisk One large consumer is in the m MAJ
for 1900 tons for delivery in the first hall OF w
Another consumer 5000 tons for delivery -
the last quarter Spot iron continues sesT' ron
fancy premiums are being paid Foreign -"
SECURITY FOR UNITED STATES DEPOSITS
tlonai banks SoVt9VVO Is secGreu % tSe balance
being secured by government bonds VI t.ts - Ths
and railroad bonds $Sl50o.0O are on deposl. -
sub treasures New York and San FTanesGHti-
PIG IRON CERTIFlCATES.-E1g ron we're
Gates at the New York Produce ENchALSe sales.
duh and about steady. There were nc xaS bid;
Prices for standard foundry follow; cash. - hid
MAY June and July. SO 80 bid August, = TWO
SCHENECTADY RAILWAY DIREcIOfn SSS,-,nsny
new directors of the Schenectady Railway SSrstors
were elected a meeting OF the board OF G4srf ot
in this city yesterday-L F. Loree, pTesIa e5 tho
the Delaware & Hudson Company, 10 sucSSI9 -,an-
iate David Wilcox and c. s Sims. general na.bsl
ager OF the Delaware & Hudson. TO succeeu
l. Culver.