New-York tribune., 1909-06-03
mPICS OF THE STREET

-oprTcN TRADING houses dealt in
FohEIo-as in the local market. practically all
,s0V sA~.t - T.on5on market consols were heavy
siss - - General list quiet at unimportant
shae ues u.e except in the Hartman shares in
g-s'e o5-an department. which showed note
.ae AH.--arrrn Money was easy the British
Eo.i25 I'D Continental discounts We're unchanged
cp' 1-resdav's decline The cessation Of the de-
tSL ear gold al London and the ease in tl.s
rlf1 .-,,a+ suggest the possibility Of a redue~-
Gss ~ Bank Of England's minimum rate Of
s9a,, - - in the current month to per cent
Ss-rnEN-DS Observation-Disclosures have been
y y.E os Follows: American Tobacco COMPANY.
60 ollarteTly p per cent on the preferred.
fsuS,. IYlv / American Smelling and Refining
ry.-v regular quarterly ! ;. per cent on the
USSp-a5 and I per cent on the common; Thornp-
C,s--ctt Company. regular semi-annual 1 per
s' na,-able July !: J. H Durham Coupany
e--, ouarterly ~ per cent on the first pre-
- and L. per cent or the second preferred
lsblA July J. Atchison. Topeka & Santa Fe'
81 sernj-annual 2la per cent on the preferred
lfat-sb1s August >: American Snuff, regular quar-
= rer cent the common and u per cent
re rreferred. both payable July !; Rubber
e.5s Manufacturing Company. regular quarterly
:, ner cent the preferred payable June is.
.s.iord Railway. Light and Power. regular quar-
- IL per cent on the preferred, payable June
y MARYLAND Coal Company. regular semi-annual
= per cent on the preferred. payable June 80:
y--+b American Company regular quarterly i.
- cent payable July l; Interborough Rapid
--ansit Company, regular quarterly "a per cent
arabic July !.
IowA CENTRAL BOND SALE.-The Iowa Cen
"a Railway Company has sold TO Taller & Co
.r issue Of per cent equipment bonds. under the
-rrsl car trust conditions. maturing annually TO
-orires 50 Eondola cars and 25O coal cars
T-ountinE in all TO about 100000, against which
/. is understood. about $3.50, ,000 Of equIpment
h5as have been issued.
COPPER Quotations ADVANCED - The
xstsl Exchange has advanced the asked qubta-
11s ef ali grades OF copper Is per cent, lake now
SIC tc 1850 and casting at I5c to IS4c Con
s5srsble sales OF copper were reported yesterday
On basis Of 1870 for electrolytic
BANK CI.EARINGS FOR NTAY-Ranl1 cIearings
although having fallen of slightly toward the end
O. he last month. hold up remarkably We'll The
1Eues for Nay far above those OF last year
snd slightly larger than the record wear 1906
Total exchanges for the month. according 20 the
szement issued by r. Q. Dun & Co. for all cities
-srorting IN the United States. embracing 10 lead
tr centres, 81. $50 0S5 an increase Of ls5
psr cent compared with last year One less bust
day IL May. 1906, affects unfavorabiy the
sarssor with that year; the average daily figures
.o- May in which this difference is eliminated,
show gain OF 10 per cent and exchanges in that
year were a. the record for that month. The in
eszse last year is shared by all sections. but
II the comparison with 1875 the depression this year
L the iron and steel trades reduced the totals at
Philadelphia and Pittsburg, and in turn that Of
ne Middle Atlantic division, but number OF other
cites notably Scranton and Reading. show consid
ersble increases over both years Large gains ap-
in New England over last year. but there are
s-nalllosses at Boston and other leading New Eng
and cities in the comparison with May. 1906,
Springfield and Worcester being notable exceptions
II the West Improvement is well maintained, espe-
risllv AT Chicago and Kansas City, where ine
changes were the largest ever reported for May.
The ma jority Of the leading centres OF the South
and Southwest report gains At Pacific Coast points
exchanges are very much larger than in either
preceding year
IRON MARKET CONDTTIONs-Rogers. Brown
& Co. say: The chief activity is still in basic
hgE~a fn1ra
closed this week by Eastern sellers at the advance
ot 50 cents from the low point Foundry irons are
ouieter but seem TO hold all the ground they have
ssined in the way Of prices. at the close OF the
veek fresh Inquiries for a considerable tonnage
have cropped up The reports from the steel com
psres indicate more activity IN ali nnished hhes'
and some advances in schedules There appears 10
be moderate buying OF rails and equipment oy GER
tain railroads and a liberal placing or orders Tor
t-isre work While it is difficult TO define the
actual increase IN melt Of pig iron any one IooA
- g .soDc NJ Improvement find plenty or
80 S,r-sge17ent There have been good safes o!
s,-,aca coke for the rest Of the year anu IOU4u
tonnage of lake has also been placed.
FOREIGN CROP ONDITIONS.-BrooInhaL
summary of foreign crop conditions states that the
final Official estimates OF the funJap anu lHo
United Provinces show much larger yields than
last wear Argentina is in need Of rains. Australia
has continued favorable weather for new seedihgs-
Southwestern Russia suffers from excessive neat.
Runania enjoys excellent temperature out .s IA
need Of rain Favorable crop reports come IFolh
Bulgaria and Turkey. Backward season has re
CURED repianting OF corn in Hungary and com
plants OF wheat damage have advanced prices az
Budapest. IN France conditions have recently
improved. but Germany still suffers from backward
season il most crops. Spain and North AFRICA are
tavoratlz situated, while the United Kingdom and
Italy need rain
SOUTHERN RAILWAYS EARNINGS-In the
month Of april the Southern Railway showed gross
earnings OF & 30 COS increase Of Sslszo aho hes
earnings after taxes OF a13l,74s, an increase OF
EETI3. For the ten months of the fiscal year the
company's gross earnings have decreased Sl5',O--'
against an increase in net of S3,5ol3s5.
SJOSS-S SHEFFIELD EARNINGS.-An interest
identified with the Soss-Sheffield Steel and iron
Company says that IN the companys quarter ended
Nay g earnings were at the rate Of per cent d
year on the outstanding common stock. Official
figures for the month Of March showed 9s per cent
On the stock.
COTTON NOV EENENTS.-I1nprovemen in cotton
Manufacturing conditions in the South Is Indicated
IN the increase in the number OF inquiries repoTbeu
from tie Southern markets for spot cotton on the
par1 Of The mills AS a rule the Southern mills run
much closer 10 actual stocks for consumption than
tie Northern mills