New-York tribune. [volume], May 08, 1906, Page 12, Image 12

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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••-
Bankers and Broken.
Lee, Hlgginson
& Co.
44 State St, Boston
CHICAGO OFFICE
The Rookery
Do you Appreciate the safety of
CAR TRUST NOTES
of established railroads as an in
vestment?
CORRESPONDENCE INVITED.
A. B. LEACH & CO.
formerly Farson, Leach & Co*,
149 BROADWAY.
NEW YORK.
Henry Clews & Co.,
9 Mi US, 7
11. IS. 15 AND IT BROAD ST.
Mfmb*r« of the N. Y. Stock Exrhanrc
Order* f^nilnl for ln>"klmrnl or on Margin.
lnt*r<>«i :iil< -»<d on d«"|»o».tt suhj.-<-t to ohni.
Finanrial «<••!!<>. for Corporation* and Investor*.
Covernment £ other High-Grade bond* bought £ sold.
Letters of Credit
Is sued available the world over.
Ancufttn* 8. Gorham. John B. Vmm 6ehalck.
1«I. 1510-151 1 and 1313 Rector. Cable Tarpolmim.
VAN SCH/MCK & CO..
ST. Y. Stock Exchange.
XEMBEKB OF l > rodnce Exchange, and
Chicago Board of Trad*.
7 WALL STREET.
.„ . rt«w. «<22!« <22! r - ast St.. Baltimore.
Branch Officea j 7g . Broad st ( Xe wark. N. *.
WANTED.
International Silver Debenture 6s.
Acker, Merrall _ Condit 6s.
Atlanta Gas Light Ist ss.
New Jersey Steamboat Ist ss.
F. H. Leggett _ Co. Ist 6s.
FREDERIC H. HATCH.
IV-aW in T*r.li«ted Sec-jntips of Railroads and other
Corporation!' In th«* United states and Plsewhera.
Tel, V. 6 Broad. 30 Broad St, New York.
SPECIAL rir.ro.Aß ON
Pennsylvania Convertible 3^s 1915
■ *,' AND
Delaware - Hudson Convertible 4s 1 91 6
OX APPLICATION.
JOSEPH WALKER & SONS,
BANKERS.
MEMBERS" OF NEW YORK STOCK EXCHANGE.
20 Broad Street, New York City.
IREtend-Co.
HIGH GRADE INVESTMENT
SECURITIES
33 Pine St., New York
FRED'K F. MARQUAND
35-37 BROAD STREET.
STOCKS ax_d. 33OITIDS
FOR INVESTMENT OR ON MARGIN.
tJ*%; Ual of ?o?I !st!rs , £bowlu s fluctuations of the Market
for the year 1605. mailed free on application.
Franklin Trust Co. Stock « Rights
Day and Night Bank
DEALT IN.
CLINTOItf GILBERT
a Wall St.
Ghas. D. Barney & Co.
BANKERS & BROKERS.
tS Broad Street.
NfcVV iOKH.
i;: South fourth Street.
rUIL,%BEI-PHIA.
""SPECIAL LETTERS
en any active Curb or Mining Stock. Mar
" letter and Quotation List. free.
Curb Stocks Carried on Margin-
J. Thomas Reinhardt,
Specialist In Curb Stock*.
7>lTT'*'< > np 1K»O Ittvlor 15 \\ \\ gj
LEITKR ESTATE ROBBED.
Burglars Break Door and Get Se
curities Valued at $12,000.
Chicago, May 7.— The office of Joseph Loiter and
of the estate of his father. L<;vi Z. Letter, was
lobbwi last night or Saturday night, and bonds and
negotiable securities valued at $12,000 were stolen.
The burglars entered the office by breaking In the
door v.ith a skdKC'iia miner, using rubber mats to
<3«>ad<-n the noise of their blows.
The robbery was not discovered until the clerks
entered the ofliw to-day. A hasty examination of
the contents of the vault caused the assertion by
the clerks tiiat securities Uued at from $100,000 to
Jlss,<jui> had bc-^ti taken. When Hugh Crabbe.' man
ager of the Ley! Z. loiter estate, arrived at th«
offlc*. he at once declared that the amount was not
more than H0,0» or tSS,<M<X and produced a package
of bonas valued at 325,000 which the clerks thought
n r,T OI< ; ! '- An ,'nyentory showed that only
>12, C«» worth of f=ecuritirs were mlsstajr •
rhe, offices of Robert K. and Frank <>owe attor
■ v. ore also
ataL valued
were V !lil vault doors
thPtr, vJurtcd tliHr work in
UNDERWRITERS GET WHOLE ISSUE.
The stockholders of the Columbus and Hocking
Valley Coal and Iron Compare on March m »v
thorized the issu* of VM.Mt v^ preferred stock
and SI.OW.UO collaieral trust bonds, for the pur
pose of acquiring property of a clay «nd brick
manufectMrinJß company, ar.d tMO.OOO'of the bond*.
Jfita tSyO.ft/J preferred Block as l»oniis, was offered
Jcr s-übscrlptio^. The right to sub^rtbe expired
yesterday, but no subscriptions have b4n received
end the anderwrlters will «;.k- the whole amount
VOTE BIG STOCK INCREASE.
The stockholders <tf the New England Telephone
aid Ttl«gr*vn Comr>any vote.l yesterday to In
orease the co?npany« capital stock from SaoOutOdO
to »>.000.0n0. F. H. DewMr si;* J. F. Hill' were
elected directors, to succeed Stephen Salisbury and
BROKERS FAVOR CIIAXaE.
Produce Exchange Caucus for a
Different Management.
At the special meeting yesterday of members
of the Produce Exchange, called by President
Perrln at the request of the "reform element."
a nominating committee was elected, composed
of men favorable to a change In the present man
agement. Heretofore it has been the custom
to bold a caucus a few days before the annual
election, which Is held In June, the nominating
committee elected at such caucus presenting
a ticket. In the choice of which little Interest
has been taken by the general body of the
membership. Henry B. Hebert. an ex-president
of the exchange, presided at yesterday's meot-
Ing. Charles Rabadan offered resolutions stat
ing it to be the sense of the meeting "that we
should nominate for officers and members of
the board of managers to serve for the ensuing
year men who can be depended upon in a Just
yet thorough manner to inaugurate such
changes in the management of our affairs as
will place the administration ot our exchange
on the plane of up-to-date methods, with a
view to our future prosperity, commercial
growth and material advancement." and naming
as the nominating committee E. H. Outerbridjre.
who was chairman of the special committee.
which recently advocated certain reforms Jn the
management: Charles C. Burke, John V. Barnes
Henry B. Hebert. Frank A. Ferris, A. N. Clark
and William H. Trafton.
It is reported that ex-Congressman William
H. Douglas will probably be the nominee for
president.
BRIDGE BIDS OPENED.
Ryan-Parker Company Offers Low
est Figures for Steel Work.
Commissioner Stevenson opened bids yesterday
for tho steel superstructure of the Manhattan
Bridge. Tho bids were to have been opened last
week, but were held up by an Injunction granted
by Justice Garrettson in a Brooklyn taxpayer's
suit.
The lowest bidder yesterday, the Ryan-Parker
Construction Company, bid nearly a million dol
lars less than the figures at which the same
contract was awarded last August to the Penn
sylvania Steel Company. The Pennsylvania
company's figures were $7,284,739. There was
considerable controversy over the form of the
specifications at that time, and the bid was
thrown out by the Supreme Court. The company
has appealed from the decision, says the con
tract rightfully belongs to the Pennsylvania
Steel Company, and refuses to enter into the
latest competition.
There were six bidders at the advertised date
last week. When the injunction order was served
the Kingsbridge company demanded the return
of its bid and certified check for $75,000, and on
the advice of Assistant Corporation Counsel
O'Brien this was granted yesterday. The other
five bidders and the prices were:
American Bridge Company 5R.312.14ft 00
.1 ohn Pierce Company fi.MW.tMB ;?0
Uyan-Parker Construction Company «,4M,_3 00
<;pneral Erecting Company «,7»M.i*« 00
Milliken Brothers 7,566.11)1 63
Russian Hare, counsel for John Gray, general
manager of the General Erecting Company, pro
tested, before they were opened, the bids of all
the other competitors, on the ground that the
envelopes did not show tho date of presentation.
Mr. Ryan, of the Ryan-Parker Company, pro
tested the Erecting Company's bid, because it
was improperly sealed.
Commissioner Stevenson said he would an
nounce the awards when the prices have been
tabulated and the Controller has passed upon
the sureties offered. It is certain the company
named will have a legal fight on its hands. The
Pennsylvania St?el Company has served notice
on the Bridge Department that It holds the
contract, and will hold the city responsible for
any loss through the failure of the city to let it
carry the contract out.
In the mean time nothing has been done on
the bridge superstructure, though the founda
tions and towers have been finished more than
two years.
WOODBVRY ON THE STAND
Sails Advantages Were Gained by
Stopping Sea Dumping-
Captain Alexander R. Piper, Commissioner
Woodbury and Mr. De Wilde, superintendent of
final disposition, were called yesterday before
the committee of aldermen investigating the
Street Cleaning Department. Much of their
t> stimony was regarding the city's use of the
government derricks at Rlker'a Island. Captain
Piper testified that the derricks were turned
over to him personally by EHhu Root, at that
time Secretary of War. He said that the gov
ernment also loaned scows, tools and machinery.
H. A. 8. Martin, general manager of the
Water Front Improvement Company, which had
the scow trimming contract in lUO-, had the
free use of this government property, which was
worth $150,000^ without an Increase of his con
tract price to the city, it was brought ont. Cap
tain Piper testified that Martin had repairs made
to the property which cost him about $3,(M>,
that no bids were called for on the basis of the
use of the government property, and that he did
not know what it would have cost to hire simi
lar property.
Mi. Wilde testified that the present work at
inkers Island was being done on a day to day
agreement, and not .by advertised bids. He
said that there was a scow congestion despite
Martin's use of the government property. The
cost of unloading- scows at present, the witness
said, varied from ?C5 to $95 a scow.
When be took charge of the department.
Major Woodbury said, the dumping was done at
sea, but that he had stopped it, as he wanted
to keep the beaches clear during the summer.
In explaining the day to day agreement, he said
that when he advertised for the third time there
were no bidders, and acting- on the advice of
Controller Grout he had adopted the present sys
tem. He said ashes and garbage should be used
in filling in and not taken to sea. With the ces
sation of sea dumping Commissioner Woodbury
said he had succeeded In rebuilding Riker's Isl
and. "If this Inquisition." continued Mr. Wood
bury, "does no more good than to till in Ja
maica Bay, it will have done much good."
Mr. Ivins assured the Commissioner that It
will at least do that much. An adjournment
was then taken until to-morrow morning.
ACCEPTS WHITBHEAD RESIGNATION.
Secretary Shaw Sends Letter Corroborating
Appraiser's Denial of Friction.
Appraiser George W. Whltehead received a let
ter yesterday from the Secretary of the Treasury,
Leslie M. Shaw, regarding Mr. Whitehead's resig
nation. The letter, which came unsolicited, cor
| roborates Mr. White head's statement, made last
Saturday, denying the report that the resignation
was due to friction between the Appraiser and some
of his official superiors.
Mr. Shaw's letter Is as follows:
I am directed by th« President to accept your
resignation as Appraiser of Merchandise for the
District of New York, the same to take effect at
your convenience after June 1. and a vacation Is
hereby granted until such date. This vacation is
granted, however, with full knowledge that your
interest in the work of the department In which
you have so faithfu'ly tolled is still sufficient to
Injure your watchful supervision until your suc
cessor la appointed.
! Your resignation was an entire surprise to me.
and is accepted with regret. In thus voluntarily
1 severing your connection with the department I
wish to thank you for the uniform courtesy and
■ £*L. Mpport :, whleh you hay « at all times ae
*2i.tlJ?"* and to wl?h you In your new field of
I endeavor every possible success.
MR. VANDERLIP TO BPEAK.
Frank A. Vanderllp. vice-president of the Na-
UonsJ City Bank, will deliver an address on "New
York Cltys Credit" before the Savings Banks' ' A
ssociation of the State of New York st Its m » nt )p~
J to-morrow at the Chamber oYcomra free. m*m '* -
XEW-YOKK DATTA TRIBUNE. TUESDAY. .MAY 8. 1006.
STOCKS GENERALLY HIGHER
IRKEGVLASITY FOLLOW l-:n HY STKKSOTII IS
LAST HOVB.
Time Money Easier and Sterling Exchange Advance*— Gold Impart
Movement Apparently Over.
Closing prices of stocks dealt In, with net
changes, follow. !
AUls-Chal C 0... 2H» + ty! X Ice ot Chic... 63* + H
do pref 66 + % U>n« 151 and..... 72 +2%
Amal Copper... 103 i» + H Louis A N_th...l— +Jt
Am Ag Chem.. 20 — H Man Beach 6*4 —2%
Am C & Fdry.. 38 , -! H Met Street Ry...112 — H
do pref.. .....102 +1H do oertillcatM. .110V4 + %
Am Cotton OH.. 30Vi — % Met Subs 71 , 4- H
Am II & L «'« Mexican central. 2OH — H
do pref 31V4 -« USPtSSM.IM +1
Am Ice Secur... 63 +2% do pref 160% + %
•Am Unseed... 18 +Hi Mo Kan & Tex.. 81 - — H
•do pref 3J» | do pref 67 —^
•Am Locomotive (UK + %' Missouri Pac... CO + %
do pref.. 113% +1 Nat Biscuit. . 64
•Am Malt pf. .. 28 + % »Nat Lead 76% +2
•Am Smelt 140H +1% do pref 102 + %
do pref 117% + % N V Air Brake.. 148%
Am I'nrumat... 4:« +2 NY , Central ..... 137% — %
do I ref SO +» V C & St L... 66H —1
•Am Sugar 132 + » N V N H &. H..197 +2*
Am Tob pref. . .103 +1 NYO A W 47% — %
•Am Wool SO?* + ■«! Norf & West.... 86% Hi
•Anaconda 240 —1% North American. 05% + %
Ass,! M Ist pf. .110 —1 Northern Pac 104%
A T & S F 80 +14 Pacific Coast 134% +2
do pref lOlVi + % do 2d pref 133 +7
At Coast Line.. l 43 + % Pacific Mail 37H + M
do rights 4 + % Perm Railroad.. .134% + %
Bait & 0hi0.... 107% — 3 Peo G & C »2»» + H
do rights % C C ft St 1V... 80 +1
Bklyn Rap Tr.. 81 V, -^SVji Pitts Coal Co 14% + tt
•Butt Prick C 0 . .. C6>4 +4Vi Pressed Steel Car 48H + %
Canadian Pac...15»% +V- do pref... ««% — U
do rights 11** — H Ry Steel Spring. SO
Cent of N J.... 217 +2 | 'do pref HMJ +H
Central Leather. 41% + «4 Reading .: 128% +2%
(lies & Ohio TiCti —Vi do Ist pref »1 ■
Chic & Alton... 29% +4% »Rep Iron A Stl. 28%
Chic Gt West... '19% do pref 96% +114
do pref 8..... 34% v + % Rock Island 25 — %
C M & St P.. 164% + % St LA SF2d pf 44% +24
do pref 181 +3 St Louts Southw. 21% +1
C& N W 200 —1 do prof 53% — %
Chic Union Tr. . 5% + % Sloss-Sheff 75 + %
do pref 17% +1 Southern Pac 6.1%
CCC*St L. . 9(5% +"i do pref 118 —
Col Fuel & Iron 47% +1%! Southern Ry 36Vi — ">•
Col & South. . . . 33% +IT4 do pref Wt^,
do 2d pref.... 4«% +1 Term C& I 14C% +2%
C at 11 C & 1... 18% — % Texas & Pac.... 30% + '«
Conpol Gas 136% — % do Land Trust. IHI +6
Corn Pr R. Co.. 23% — % Tol Ry & Lt 30% + %
do pref 78 —1 T S»t L& W 32 +%
Del & Hud50n.. 202% + % do pref. MMi + %
Dpl L & W 458% — % Twin City R. T..118
Den & R G. . . . 3fl>4 4- %Cn Bag AP. ... 8 1 4 —*«
do pref 8«V» +1%! do pref .... 71 + %
Dist Sec Cor... 58% +1% Union Pacific. . . 14«Ti — H
D S S & A pf.. 36% — % I Unit Ry Invest.. 63% +1%
Erie 41% —%■ do pref: 68% 4- %
do Ist yrct.... 77% — % US Cast I P.... 47% +1
do 2d pref. ... 67% — V do pr, f 92% —
FM& Sm pf.. 97% +%I* SR & Imp... 89 —I
Gen Elec Co 167 +% V S Red & R... 34% +2%
Gt North pf....290 —1 do pref 73 + %
Hay Elec Ry... 47 + % U B Rubber 50% + %
do pref Ul +4% do Ist pref 10S% +*
Hock Val pf. ... 05% do 2d pref 78 —
Illinois Central. l7o V S Steel 38% +%
Inter Paper 10% — % do pref 106% +%
do pref B.'. Va-Car Chem.... 39 — -
•Int Power 56% +1% Vulcan Detln 12% 4- %
Int Pump riS -1-4 Wabash 20% — %
do pref 85% — % do pref 44*., +•»
Int Met 60% + % West Un Te1..... 91%
do pref 84H — % WALE Ist pf. 30% — ,
lowa Central... 26 —%! Wls Central 2«% +7 m
do pref 51 —1 | do pref 43
•Unlisted.
Closing prices of active bonds dealt In. with
net changes, follow:
Japan 6s »7% — % Erie cony ** . . ■ .102% — %
do 2d series... 97% —Mi Mcx Cent Ist Ino 20 — %
Am o^ 8 4,::::::i^ +%do 2d Inc 17% +1
Am Tt)b _ 1124 - H } Perm cony 3%5.. !W\» - %
BnT 4s W +*l Union Tec Ist 45.104H —%
Chic & Alt 8% . 79 +1 ■ Wabash T) .... 75 — %
Col Ind As 76% + V, Wab P T M 5.... 85% — %
Col & So Ist 4s. 03% — %
STOCK MARKET OPEEATIONS.
After opening at general advances as com
pared with the closing in Saturday's market,
prices receded in the greater number of issues
under the influence of heavy profit taking sales
and renewed pressure from the bear element.
The declines suffered on this movement, how
ever, were recovered ln the last hour of busi
ness, when the greater number of issues en
joyed pronounced strength, the advances repre
senting short covering rather tnan an active out
side demand for securities. Heaviness ln United
States Steel common ln the best part of the day,
pressure against Union Pacific and some of the
other high grade issues served to discourage an
active commission house demand for stocks,
though they failed to bring about public liquida
tion, while lower quotations in L«ondon for
American stocks and heavy selling in the local
market for foreign account also were without
important influence on values. Weakness In
United States Steel was said to be due to sales
based on the strike on the Great I_kes, the the
ory being that as tho United States Steel Cor
poration receives a large proportion of its sup
ply of ore by lake transportation an extended
lake shipping labor disturbance should seriously
interfere with the company's business. The
strength ln Reading, which waa the chief feat
ure of the day. apparently was due to the wind
ing up of the big short interest In that stock,
the movement, of course, being helped by the
decision of the anthracite miners to return to
work under the award of the strike commission
of 1903. Among the features of strength in tbe
last hour were Brooklyn Rapid Transit, which
enjoyed a net gain of more than l\ points, Col
orado Fuel, Havana Electric Railway preferred.
International Pump, Tennessee Coal and Iron
and Pacific Coast. As a rule, last quotations
were only fractionally under the highest figures
of the day.
Local banks have gained upward of $8,000,000
in their operations with the Sub-Treasury slnco
Friday, owing to government deposits of gold
against an equivalent amount engaged for ship
ment to this country from Europe. Gold en
gagements in the last four weeks have aggre
gated $30,000,000, wliile in the same time there
has been transferred from New York to San
Francisco more than $&»,OOt.M»»X>, and from pres
ent Indications th;> chances favor a ceHsation of
these two movements in the near future, as the
demands of the Pacific Coast city apparently, in
great part, have been satisfied for the time, an
Indication of which Js presented in the absence
of important transfers of money through the
Sub-Treaaury ln th* last few days. The price
of bar gold and American eagles has been ad
vanced ln London, and this rise, together with
the high rate for discounts In the British capi
tal and on the Continent and higher exchange
here, will be Important factors In lessening the
power of this country to draw gold from Eu
rope. With the large receipts at San Francisco
from New York It is not likely that the opening
of the banks at that centre will be attended
with unfavorable developments, though In the
event of an enormous run on deposits it might
be necessary for San FrancUco bankers to call
on Xew York for further sums of money, and
until the banking business, therefore, is actually
resumed In the stricken city it may be well not
to count on the development of easy rates for
funds In this city. The money market situation
is still surrounded with uncertainties, and it
doubtless will be some time before the abnormal
conditions are eliminated. It Is not believed
that call money will rule at extreme figures
until the fall, but on the other hand there is lit
tle reason to suppose that there will soon be
such a plethora of money at this centre as to
bring about a 1 per cent call market.
Time money, while easier than recently re
ported, continues to rule at a firm level" and
until there Is a material reduction in rates it is
not likely that there will be extended Investment
operations in stocks. Th e fact, however that
there Is still a large short Interest on the Stock
Exchange suggests the probability of activity
on the part of speculators who are anxious to
bring about better prices for securities. Wall
Street commission houses are more bullish than
they were a wsek ago. and they are advising
customers to buy at the present level, notwith
standing the fact that prices already have en-
Joyed marked Improvement from the low figures
recorded last week. Rsadlmr. for Instance has
advanced more than 17 points. This stock is a
4 per cent issue, and at Its present price It Is
not considered cheap as an Investment, ami It Is
not likely that there will be Investment pur
chases In It until It moves to a level where buy
ers will be able to secure at least 4 per cent
on ' the Investment. . The . same thins; may be
said of such stocks as Northern Pacific and
Great Northern, while throughout the list there
are many Instances of securities which are
quoted at figures not at all attractive to people
who wish to make permanent investments. Of
course, such considerations will have little In
fluence on speculative* buying if evidence ,is
presented of an aggressive bull campaign for
the account of substantial market Interests.
Before the San Francisco ': earthquake and fire
the leading men in the Street were committed
to the bull side of the market, and had made
active preparations for extended operations for
better quotations, but perhaps they may now
be unable to carry out their plans, owing to the
severe losses which were suffered by so many
pools and individual operators in the recent
break in prices.
BOND MARKET SALES.
47i;00 Japanese «• . . . . . 08 I 2000 Dirt Sec Co» 5 < . . . 84
'•""» do 87% UK*) Krle _ t con 45. .101
501) do 88«4 1000 do Convt 45. ...103
™Si 2° _ 97! * 10W» do 102
,£"*» do2d 97«*| 9000 do 101%
IWKH> do W7^j 1000 do 1021*
8600 do »7%) low do Perm C T 4s. »2^j
"SS^ 5° V 87 i*! 1000 ° do 3d Kxt 4Yfcs. .107V4
Sllut '''"•ft" 91 »i 4000 Ft W*l> c 1«t..H2>4
£**> do oMi| sa-K» 111 Cent 41 1»33..M»
2£**> do »is, aooo int ft at n 31..»8«i
I?** 1 do M * 6<XH> In » Paper «• 10ft
J*2 ( S do New Ctf»... Wli 10000 Int Met 4H» 88H
"*g d ° 8OX»|«400O d 0..... 87
i™* d " 90% l«Otn> do 86%
"**> «Jo 91H|30mi0 do B«'i
?'"* do 909; 47000 do 87%
.J2f° do «• Ctfs 88%, 1000 do. .. BTH
11000 2° S3?« , -MMM do .. 87*2
**» <jo • 84J4 | W)0») iMckti Steel 0*...102?5
li Z% 2° —:»l ZU)Ot> L S & M 8 D«b 4s U6!»
,™°. «*• 84H 3000 do 98Tfc
™£t do 84 I(rKH> do 9d
3000 Adam. Xx 4«. . . .102% 3000 L I Ret 4* 100%
WOO Am H a X. «,... 92H WOO.* I!.SA&C 15t... 107
i»oo $.° :::::::::::: »2% 3000 L. *NBoßy Jt w
j .nil m do 931 4s 96
iInS! m 109.I 09 . 0 . 8 "-- **''»l Boo ° M «* csi**os»-i_ 7»
i22S Am Spirits 65... 102 | 1000 do Ist Inc 20%
£?> Am Tobacco Oa..H2V, 18000 do 2Wi
££!{ do uag 6000 do 30&
-™°, do 1124 1500U0 do 20
?!?£ do *■ 78H 7000 do „ Inc 17
'***> "Jo 78% 10000 do 17%
n J™> .. d o TB* 10000 do 17%
JPJS Ann Ar Ist 4a... 90 16000 do 17?J
8000 A^ T &S F Adj 1000 Mo KA T Ist 48.101
innnft 4«6tpd 91 * 400 do 10O*
10 ** do 91% 7000 do 101
rtXK do G * n 4 " 101 3000 a ° 448 Sub Rets 87%
*221 do •» 1007410000 do .7. M
.i* 0 ™ do Reg 100 1000 Mo Pao 4a 62%
innn d ° X ••••• 80% 5000 Nof M Ist Con 4s 83
•in2i 5° Convt *"• • 103 100 NYC D«b 193*.. 90
222! d l^— **" 9W! *! 100 « do .T. «9
8000 Bo * o Gold 4a..101%| 1000 XTQft E L H
4<Joo do 102 1 ft P4s 86*4
.s°^°. do Prior 8H " .94% 1000 XV S ftJWT 68.115%
5222 2? BB^ l COOO Odo & N Con 45.10« i
•$S2 2° S2*i «X»° r* .v Con 45.101H
g^ s - l9 iV:fo^! t^> _&ȣ 48
"0$ fit* _.'•«_•_••?£» l 200 Perm <*»"•* 3Hs.. ©814
£«« eof via Con Os.. 110% 1 1000 do .„.. 98%
Sc|^m|S llili
ilifili^iil
1000 d« J2* 5000 St LA S F Ref 4s Si%
?S2 do 98T» 20OOS AA A Pi,.... 83
10000 C R I ft P Oen 3000 Po Ry a I. Dlv 4a 9S
%00ft h 2T; 1W«4I 10000 T C I ft R Gen
,:;££ "Jo Ref 4s »3V4! Ba 100
100 ft h° » »•; ° 31 * 100 ° Thlr<l Ay« Con 4«. 82%
nSSS 50*.* . "..: • 7747 7 4 JSw °_ EI *° L 59 - IS 4
5888 c, d ev cI,Tc I ,TV Bsti^8 st i^ X r r nyn v " o '^*:_a
24000 Cof* Joi.i-4,: 1^ I 4000 IT £R of SP4«.
11000 Co d l ln« 8. A :::: %T\ «?200 V*£ M 8 TU. J?
"°°°. do 7 «4 34000 do 9«%
do 7«%| ,000 do ... . ...S M?
*£! do 7BT, 18000 Jo 97
,^ <£ 77 2000 Waba»h 1«t6a....113
1^ 2° r' ■» 76% 8000 do 2d Bo MM
"l^ ? ; "••"•"" "& ! 7000 doD«bB :::::::?^
52S 2 75H1 8000 do 75«4
J%£ do TM{ 10000 do . 78
,g coJ-Gii-be* i.:iI?S '88 So 24 ::::::::::: s3
W°® £« «n Con 4Us. 90 I 0000 to ... .......... SB
«000 Dist Sco Cor Ss. 8414 5000 West Ghor* 4» j(«H
1000 do 84H 2000 do Re e 105%
Total aale.s of bond*. 53.084.000.
GOVERNMENT BONDS.
The following shows yesterday's closing quota
tions for government bonds, compared ■with Satur
day's:
May 6. • May 7.
V. 8. U. registered. 1030. ... . .?«!% *%£* f03% *$&
V. 9. 2 . coupon. 1930 103% 104 ltfli* 104
V. 8. 8». registered 1918 ,03" lu4 103 104
V. s:^s°TVl 18 :::::::^ *_ ]% ™
v. s. s Suptr_#* zi iss mZ
V. S4 . revered. !*».... liS* Si* Sg H |^'»
V. 8. 4s. coupon. 1925 130 131 ,*> Jvl
I'istrl.t of Columbia 3 _5....11«'i _ 16% _
Phillfptna 4s 100H tH% 1(K no%
AMERICAN SECURITIES ABROAD.
London. May 7. 4 p. m.-The market for American
securities was weak. Last quotations follow:
. . Saturday's
Uindon. NY. _»don, NY. NY.
Alison .^L"- t 'l u| v- May .V equlv. olos*.
i«iE f I is i ! 1
Chic &Ct Went 2O lo«J SWS W ?*J*
WimSm 1 1 1 i
doi«pr;f.v.v:;:::::::79% ?t h $J5 ss* $*
„£l'&: ■•;:;:;: ; litiii
MMSi Ii 1 1
do pref m 98% m S»!* £!&
Ontario & West 49 47% 47% J?i? VIJJ
Pennsylvania 70% 136% 7OH 116*4 .19^
R«*dln»-.... 68% 127 «2?J 122$ JS
<lo Ist pref ..47 »1 46 M BAU.
do 2d pr»f 40 J» 4* S3 22! i
Southern Pac 65% 63% 65% m% ♦»«?
Southern Rr 37% 36% 37^ 38? i a.3
do pref ....102 98% 102 MTi 22
Union Paclno 148% 144% 149% 146 i«tt
do pref >v; 94 «>• M SHS H
US Steel 4O}i 3» ♦(»% "H" H g u
«°P_»« I«i4 106% 1 8 I >%l 10« H
Wjh«»h 21 20% 21 a 205 '5^
d«»pref 45% 44% 48 44% 44
FOREIGN MONET MARKET— CaII money m
London. 3^3% per cent. Open market discount rate
for short bills. 3%3« 15-1« per cent; long bills. 3?« M
per cent. Berlin discount rate, 3 9-l« per cent.
Berlin exchange on London. 20 marks 83% pfennigs
Paris discount rate. 3% per cent. . Paris exchange
on London. 36 francs IC',4 centimes. Bar sold In
London. 77s lOHd.
FOREIGN SBCTJRITnB- - British consols for
money. 88 8-18; for the account. »T-1& French
rentes. M franca 2% centimes. Japanese to. first
series. 10l>£.
AMERICAN RUBBER CO. ANNUAL REPORT
The American Rubber Company has filed Its con
dition as of March SI. not, with the Secretary of the
Commonwealth of Massachusetts.
A " iett - 1008. ißnn —-*•-* -
n.al estate $188,008 $82M_ I>J Ts^l?b-hi
Machinery 138.987 *"* « »««»• •Jf.S!
Mdse. A stk. In pr... 1.790. | mMI r2i' "JS-KI
Cn.h A d^Hi recv... 660.817 Slam Eae «_ _?
Pveclel debt 800.000 800 ODA CSe * 800.884
Mticellaneous 25.123 jag , no m
Si'tTut,^- • i - a9l - 000 »-— »* H555
Capital stock , $1,000,000 |1.0OA.Oa»
Aects. payable 12.000 11.849 moi no mi
Special debt 800.000 800.080 •**>
rioatlng debt 489.000 Sac «_ m*
Surplus „.... 886.784 808.784 *om,ooo
profit and loss 818.1T8 7UL4OS Ino. <v\Tt, 3
Total. .C 8.501.000 $8,804,080 r*« Vk«.(»i«
RAILROAD AND OTHER STOCKS.
EbarMl .-.-■■ . I Arrant Mlnit I— Closing—
_— «• 1 :- |Or>a|m>;b|l^r^.t Fla.| Bfcll A.IL
- Adams mum — — -. — « — 210 as •
— — Albany & bum ___—»•> —
I.eCO Alli.-Cfcalmsrj ; 207; a-i SOTS an 21 ȣ
mZ .JSJT&i* ::: £& ,_» £& .8% A &
UltaO -AmaT Copper. .. 102;; 103% lol4i 103% IC3H 103%
200 Am A r Cham.. _% 20 £5% 20 , £5% 20
do prc-f _ _ — — Ct% —
— - *A.-n nwt susar - — - - g |<U
4 '^ AmMeu Goal.. iM* £ — — *°* ***
— — American Coal.. — — — — 130 133 .
t.EX) Amer Cotton OH U» 81U Wt BOU «> *•*•
do pref — — — — •© t»
- AntrDlitTii" — — — - — — »
— Anier Express. .. - ■ — * ■•
-Am Or U'wla-j.. — — — — £J4 »
1.000 Am HMa A L.. 6T. »6Tj «X JTi «'- T
I.KM do prof 81*; bfl BWi 8«k gji J3
?,100 Amer Ice 8*3... 61 e3',i CO?; C 3 «Z% «3
TW 'Aner Unseed.. l.Vi H £U 13 lSfc 19
100 ♦do or«f J* — ' 3» W> 3» 4O
6.960 'Am Locomotive 61* dr. COT. Cl>; « «1%
! 300 «do plot ...114 114 113% 113% 113 114
• — - *Amer Malttnzv. — — — — 4% ■ *
100 •Amr ßMKta» 14T14 MM4 U?% IS% 27% l*s'»
CS.K-1 'Aotr eneltte.T. HUS U0?; Hi!'. 14? V, 140% 14»%
•• «do prsf. .VTr: IKH 113 UIH 11T* 117H 117%
'"towrß — — — — Wi ioo»;
'American -muff — — — - W> 213
' Ms> r-r*£ — — — — 102% 10»
-AmSU A F-dry — , — - — — 11 12
— do prer — — — — 44 4«
4.3* Miner Sugar...! 181% 132* 131* 183 192 132*
♦dopwf — — — — 133% 138
rAm Tat & Cable — — - — — 90 «Q
Am Tel A Tel. . — — — — lit 135
400 Amer Tob praf.. MM MB 102% 103 101% 102
2,709 'Aroer Woollen. 38$ 87 86*, St%| 3*4 3«*
10 »do praf 106* 108% UK*! 105* 104* lftS%
40.100 •Anaconda 239 242% 237% 240 240 240%
Ann Arbor — — — — 190 36
do prat — — — — | 70 so
109 Amo Mer Ist p: HO 110 110 110 109 112
«.«on!AtcbU?n ....... «•% ear. 88% 89 j 88% ft»
«©| do pref 100% 1101% 100% |1O1%! 101 linn,
900; Atl coast Una.. 143 144 143 143 142% 143%
OX» do right. 4 4 4 4 — —
400 Am Pneu Serr.. 42 48 42 43 42 44
100 do prat 80 80 BO 80 75 TO
840 Bait & 0hi0.... 107% 107% 10. 107% 107% 107%
1.500 do rlcnt* % % % % — —
do ore*... — — — — 93 65
Boston A U pf. . — — — — 110 —
57.4K Bklyn Rap Tr.. 77% 81% 77% £1% 81% 81%
B'klyn Vm Qaa.. — — — — ia» iso
- Brunswick .....— — — — 17 118
Buff R A Pitta. — — — — 142% ! 143
do prtr....... — — — _ 151 170
Buff & Bus praf. — — — — 83 88
1.700 *ButteHck C 0... 80 08% «0 86% 84% 66%
Canada South... — — — — ess g. ■
1.000 Canadian Pacific 158% 190% ISB% 158% ls»% 15,^;
2 tOO do rißhta. ..„. 11% 11* ll*i U* - _
C*SoAm TW — -- — | — 13« 140
2.080 Central _»ther. 41% 41% 40% | 41%; 41 | 41%
*0| do pref 108% 103% i 103%|103»i , 102% 1 103%
525 Central of N J.. 217 218 215% 217 _* 218
6.400 Che» & 0hi0.... 08 M* 65% 06% M% W'i
200 Chicago A Alton 27% 29% 27% -* » 31
1 do pref — — — — 71 76
— £5. & 1 "L pnt - — - — 130 145
Chic Bur A Qy. — — — — 200
11.100 chic Gt West... 18% 19& 18T4 19% lay, 1»%
1 do pref A — — — — 751, 7e
200; do pref B M 84% 84 84% 33% 84%
do deb — | — — — g3u t)j
Ch Ind A V pref — . — — — go 10»»
24 410! Chic Mil ASt F| lß2% i 1* 182% Wl\% 164% 164%
200 do pref 181 191 181 181 ISO 1S3«?
618 Chic & Northw. 1«» 2lX> 19» 2uO 180% 200
Ch St PII A O — — — — 175 190
1-5? f-"^1-"f -"^l-" — — — — IS© 180
Chic Term Tr. .. — — — — n 12%
do pref — — — 27% 30
500 Chic Union Trac 6% 5% 6% 5% 5% 8
8.000 do pref 16$ 17^ 16% 17%! 17* 17%
100 CC £_.?.*?• _*?*!!* -^iSSiS*
do pr«f — _ _ — 105 113
Clev Lop &Wh — — — — 9588
do pref — — — — no 115
.-—; Clev A Pitta.... — _ — — 176 182
17.8301 Col Fuel A Iron 47 47% 45% 47% 47% 47%
2.800 COI A Southern. 83 83%! 82 33% 33% 33%
do Ist prof — — — — 68 70
. *15i do 2d pref 45% 46% 45% 46% 4* 46%
1.6001 Col A H C A It 19% lft% 18% 18% 18% W»
1«K» •Comstock Tun.. .12 .12 .12 .12 — —
• Conaol Coal — — — — 75 —
2. 700 Consul Gas 188% 187% 138 136% 130%: 137
1.200 Com Prod Ref.. 231* 23% 22%; 23%! 22% 1 2.1%
214 do pref | 78% 78%! 78 i 78 .77 ! 75%
3.100! Del & Hudson.. 201 203 1 200% 1 202% 202% 20.1
200 Del Lack A W. 48»% 459% 430% 459% 46» 460
1.600 : Deny A Rio Or. 80% 80% 30% 3»% 39% 3»%
400 do pref 88 66% 88 86% 60% 87
Dei M A Ft D. — — — — 18 20
Det United R X — — — — 194 94%
3.8601 «DUt Securities. 38% 60% 63% 6»V» 59% 69%
Bft!»Dul So S A Atl 19S 19%; 17% 17% 17% li>v»
200 'do pref. 36% 3*% 88% 36% i 30% i 37%
Bleo Btor Bat. — — — — — 88
28.230 Erie 41% 42% 41% 41% 41% 41%
700! do Ist pref.... 77% I 77% 78% j 77% 77 77%
3.1001 do 2d pref 67% 68% 67% 67% 67% «7%
— - Federal M A 8.. — ' — — * — * ; 155 166
900 do pref. 83 86 »7% 97% 07% 97%
O«n Chemical... — — — —.76 82
do pref — — — — 103 104%
900 General Electric ICC. i 167 166% 167 167 16H
4.300 Gt Northern pf . 290 1201 2K%i290 280% 290
700, Havana glee Ry 48% 47 46% 47 i 47 47%
600 do pref 88 91 88 01 91% 91**
'Hocking Valley. — — — — 127 131
100; do pref 96%; 95* 95% 05% 96%! $•>
755! Illinois Central- 170 170% 169% 170 ,V» 178
700 Int Paper £t>% | 20% 10% 10% 10% 10%
100 do pref 85 85 85 85 I « 1 85%
300 *Int Power 56 66% 56 C«% 51 5»%
8.600 Int Steam Pump 64% 60 64% 6S 67%! 58%
700 do pref 85 I 85% 85 83% 84% 65
200 lowa Central.... 26 28 28 28 28 2B^
1.200, do pref 50% 1 61% 50 61 61 51%
2.963 *lnt Met w i .. 60 I 50% 60 ; 50% — | —
4.700; «do pref w 1.. 84% 84% 84% 84% — —
Kana A Mich... — — — I — 67 | «•>
Kan City south. — — — ! — 24% 25%
BO do pref 68 68 68 63 62% 56
— - KCFBAMpf— — — — 8091
Keok A Dea M. — — — — 10 15
40. pref _____ 40 ,SO
1.200 Kafek Ice of Cn 62% 63% 62% 63% 63% 6a%
do pref — — — — 77% 82
Laclede. Gas _____ 105
do pref — — — — 05 110
LEA Western. — — — — 33 M
do pref — — — — I so !••'•
800 Uonjr Island 71% 72 71 T i 72 J7O! 73
5.400 Louis A Nash... 142 142% 141% 142% 142% 142%
I.3oo] Manhat Beach.. 8 j 8 | 5% 3% 5%| 6
- Manhattan E1... — — — — 151 153
Md Coal pref... — I — I — — 100 i —
400 *Met Bao S ctfa 70% 71 ' 70% 71 70% 71
l.lt<»i*Met Street Ry. 112 112 112 112 — 1 —
1.600 1 do ctfs 109% 110% 109% 110% 109% 110
4.ooo! Mexican Central 20% 21U 20% ' 20%, 20%! _©'*
Michigan Cent.. — — — - 140 145
'Minn ASt L. ... | — — [ — — «0 T<>
i do pref : — 1 — I — — i 93 MO
1.000 ÜBtP«SSU 153T, 13-i-i 153% 134 158 154
1.100 do pref iia6%|l6»»»;l_%;lt»>i4 I*4 169
1.200 Mo Kan * Tex. 31%! SIS I _ 31 31 31%
1.115 do pref , 87% "-7", wi% 67 66% 67<~
2.400 Missouri Partite 90% 90% 89% 90 89% 90
Xash A Chat... — — | — — . 138 140
200 *Nat Biscuit... «4 84 64 84 88% 64Vi
1 «do pref — — — — U3%!1175»
Nat Enana A St. — — — — 13W 13 1
do praf — - — — — 83 87
8.623 'National I_td.. 73 77% 74% 78% 78% 78%
62S Mo pref 1 101% 102 101% 102 101% ! 101%
M RftofMpf- — I — I — 86% 37%
do 2d pref. — ___ 20 21
New Cant Coal., — — 1 — — 35 45
1.8001 »N V Air Brake! 143% 14'::«;M1% 143% i 143 145
3.8001 X V Central .... 137 137%!1?6% 137% 1 137% 137«;
300! XChStßt L. «17 67 68% 60% 166 67
do Ist pref , — — — — 114 115
do 2d pref — — — — 80 84
N T Dock __.—■_ 42% —
— - do pref — — — —I 78 82
'STt.NJTtI — — — — 142 144
100 IN YNII A 11. 197 197 107 107 »l ilttS
6.400 V Oat A W. . 47%! 48 47% 47% 47% 48
2.2-0 Norfolk A West 87% l 87% 68% 80S t>7>» 87%
— - do pref........ ' — I — I — I — 00 ; US:
7<">> North American 08 ! 98 I 85%; »%! «6%' 941
9.000 Northern Pacific! 194% >li<tt 192 !194% 194%! 1&5
B.loo|Paelfio Coast 13d vm\ i.v; , I^4-.* 1H4% 1 .!.".„
do Ist pref. ... — _ t — I — 100 lOS
300 do 1M pref 133 138 133 133 liS 133
325! Pacific Mall 38 S3 i 87% 37% 36% 87%
25.2U0 Perm R R 134 1134H 133% 134% 134 134',
P..-orla A £3ast. . — ; — — | — 134 I 4*
1.100 Peo Cas A Cuke _ | 92% 03 92% tC>% ».t
100 Pittsbur* Coal.. 14% 14% 14% 14% 14% j IS
1 Jo pref — — — — 63 '5«
100 PCC ASt L.. . SO 80 80 SO ft ISO
do pref — — —1 — 101 !10»i^
PFt W A Chic — — — — 175 ISo
do special — — — — 1174 | —
Pressed Stl Car. 47% 48% 47% 48% 43% 48%
100 do pref 1 98%! M% 9<;% D«% 06% I 97
Pullman P Car. — — — — 224 21*7%
Quicksilver . . . .» — — — — 1% »
1 do pref — — — — I 3% 4%
20 R R Securities.. 86 95 96 |93 M I 9*
»00 -Rv Stl Spring..! 49% 50 ' 49% M 50% M
200 *do pref 100 1100 100 100 9»V10»
329.900, Reading 125 UP* 124%'12h%: 128%: 128%
100! do Ist i>ref 91 I»1 91 191 i — ; —
Km» A Sara — — — i — 200 —
2.900. «Rep irot A Stl 26% 27 28% 20% 28% i 26%
1.600! Mo pref 98 »7 M 98% 96% »7
1.090! Roolc Island 25% 25% 25 26 26% mi
— , do pref _ — — _ 681, €4%
Rome W A Ogd. — — — — 130 —
1 Rutland RRpf— — — — 50 62
St I*9 F Ist pf — — — — 84 f.,1
800 do 3d pref 45 45% 44% 44% 44Vi 45%
• do CA E 1 eta — — — — ! 17© i 185
do pref. — — — — 12» ]132 l »
200 St Louts Southw 21% 21% 21 ' i 21%! 21% 21%
200 do pref 63% C 3%! 63% CSV. I 63% 64
8.810 8)oss-8h St A Ir 74 76 74 75 74% 75%
do pref — — I — — 110 114
8.000 Southern Pacific %i 63% 88>« 63%: 63% 63%
100 do pref 118 ill* 118 118 118 US'.
7.800 Southern R R. .. 88% 88% 38% 38% 86% 3«%
SCO do pref 90% 99% 80% OOH 08 99%
-~_l do MA O cUs — — — — 05 100
3.300 jenn Coal A Ir. 144 148% 144 148% 148 146%
MOtauaFUUc. 80% 30% 30% 80« i 80% atH,
100 do Land Trust 08 OS 68 68 eo£ 7O
-— • Third A«RR. — — — — 125 130
»0 Tol Ry & U,rht 80^ 80% 80% B*l 80% 31
2W Tol Bt I, St W. . 81% 32 \H\ 82 31?* 32%
, *£» * prer B0»l 61% 60% 81% 61 61%
»-JW Twin Oty nTr U3H 113% U3 113 112% 113
_JS _?**" 8]; BtJ 8% 8% 8% »
.„ «"» 'do pref 70% 71% 70% Tl 70 71
128.000 Union Paeine.... 144% 143* 143%! 144% 144%' 146
LiSunVrrnveai.:: P «l S* S§ 8* it%
1.100 Un Ry Invest... Si* X 61 '* «£ 61* «%
Un Ry 8t It pf . — — 63 «a
1.450 'CBCIP6P 47 4T\ 47 47% 47V. 4^
100 XT •dopre£ : . — — C2?i _ lot* US
XT 8 Express.... — . — — — 105 in
— — »V B Leather... — — — — 1O 15
Mo pief. — — — — no 118
Son ÜBRy A Imp. 0© 00 80 8* 8» ts»%
1.200 «U 8 Bad A Ref 83% 34% 88% 3«% 81% 84%
*TOO •tepref 72H 73« 71% 73* 73 755
1.700 U 8 Rubber 60% | 51 ! 60% COS 60% 60%
400 do pref 108% 10*% WSS li*%>io*>. 1««
200 do 3d praf 78 i7B 78 7* 177 i 78%
81,000 U 8 Steel 80 SOW 38%|58% 38%! 30
28.800 do pref 106% XC'» 1054. 108% 108%; 108%
— — Vandalta, — — — — S3 95
000 Vacant Chun.. 80% 80% 88% SO 30%! 39%
do pref — _ „ _ 108 ; 100 '
— — Va iron CA C. — — — — 4845
100 *Vulc Pet inning. 12% 12% 12% 12% 11% 12
*do praf — — — — 61 K4V>
— — West Maryland. — — — — 36% 37
JfOWabash oh sou -ox 4 tnv; 20? 20%
7CO do pnrf.... UK 44? 41!» 4i*i 41U 44%
— — Well. Far:o Ex. — — — — 243 rct>
4W We ft Union 1 Tel. OIK BITi 81% BUi 01!; 82
- dp lat pref — — — in) if.
Wlieel ,t T. X. .. — — _ __ i7T- iy—
-Taw- «• ~=. =» 5^ '*
$r*\ r.-isecn f rn Ccatl Ml Ttvi it» *tK: Si,
«*S> do pref <S 4.S 4.4 4s <t^ 4S»i
IUUII Total sales for th» _*. •UuL i «t«i
CONSOLIDATED EXCHANGE
STOCKS. - f
, * \
"WPfffi
*a_:a3ST.-- vst _B* i
SH> At Toa> * ■ r... W% 23 *S <
» _tft * Ohio i«3 i5?2 JS *\
101 do rtchta S, MV 'g I **l> H
■4_M__i 555 5 j}' 3 ,
s»as_.M*v. Wj H& «» 1
i»ic«_oi Gas ...... 135% iaJ2l ,S ••-%
SisrA^ «i*i «£ »?
»s__ii' Eg §■ §g 9 3
_?£4l^ :::: 8 ; b» W
iSOO Peimt>iv«nla .-.::: 134 mm jtU. £
10 Prop!.'. Cte> ..... JW% «^ I SS BJ'S
140 Pra«<4 Sta.l Car. 47% 4* , 4% _•
CeSO Reading 125% 129%' i%?} «,
I*> Rep Steel 28% »? SJI lt5S
210 Rock Island 25% »% ?£ »'
1.280 Southern Fu .... 63% o? i;.'> S
94.9 Southern Ry .... MS 3#£ S 9
30|Ta»a« P«c 30%: *mJ; §£ M
27.940, Union Pa« 144* 145% ,52 »S. A
20 U 8 Rubber 80% so* 2% '«• .
7.*40, FT S Steel ; 3»% .-»u Sc •«
2.180! do pref 108*1 io«% l«%! JL
4olw_«9h ! a>% aoiS! »$! ■
175.180 Total mm. " ~~ r-
MINING STOCKS.
io»a. I I'-Tl'aKgrg
_a>icai___ .^..77! Ii» [4* «> ,X~
ao©!Chryao»M« 12 .12 "S •£
700OMratock 13 .is _i "ii
1.000 Elkton 43 .41 43 '_
1.80» ilontsomary in... .so .0 "5 i •;.•
1.300' Moon Anchor ..... .04 .0* 0* ' "2
COOphlr 5.00 B.CO 8^ av£
l.M»r— OS 08 £ *-£
800 eaadatona 96 .05 ;g
430 Total nlct. : '
WHEAT.
b_h. » I teg. I eat f lag. | *cV
188.000 : July gptton | T»%i 7»%| T»%| ""y
MOHET ABB EZCEAEGS. ;:'
MONET MARKET.— Money en call opened at pi
per cent; highest. 5 per cent: lowest. 4 per eea
last loan. 5 per cent; close. 4 per cent; ruling- raja
4H per cent. Time money was quoted at 1004 p.*
cent for sixty and ninety days and 898% par c;;
for four. Are and six months. Commercial papa*
was quoted at 6)g&o per cent for ■»»- t y t» __ty
days. 5%®« per cent for roar to ■*»"Ttln. aa|
6®6^ per cent for others.
FOREIGN EXCHANGE.- Market* Ijßj
Actual closing rates follow:
Cable*. sight ■»_.._—
Eterllng 4.M40 4.*4%94.84% 4- I
Francs 5.15% •9.10!fc86.»% LtVik^'l
Re|rhsmaraa.._... 04% 04HSMO-18 *s- M J.
Guilder* .„ S»IS-18w4» «\*?i
•__ HO.
Bankers' posted rate* ware as follows: .
atx tyaays. Ir*^-*.
Bterllnr 4.53 455. .
Germany rrichsmarks..^..^......^. 94% f.\
France franca ....................... BV2CH CI V
Belgium francs .....— .~..... ..>..— 0.12H C.«)
Switzerland francs ... 0.21', ti.v,
Holland guilders M . M ... 39% t -,
DOMESTIC EXCHANGE.— Orleans— O_»
mercial. ?5o discount: hank. SI preminm. 8b
Francisco — Sight, par; telegraph. Yin. Tiusaiiii
Par. Chicago— 2oo premium. Charleston—
par; selling. l-100 premium. Cincinnati— 3Se pre
mium. Savannah — Buying. 80c dtseount; seAsff.
75c discount. Minneapolis; — 60c premium, at
Louis premium bid. 40e premium asked.
BANK CLEARINGS.— New _tch_ftj»*
$174,147,891; balances. 15.735,426. Chicago—
changes. 936.660.783: balances, 93,573.89*. PhOad*.
phla— Exchanges. «15.9»7.6ie: balances. $3.038.TTt
Boston— Exchanges. $18.~4.84»; balances. ».75X.
487. Baltimore— Exchanges. $*,TT»,514: ba__sß>
1401,257.
SIL\"ER MARKET.— Bar sHrar. O8I40; Mss»gi
silTer dollars. BOHc Bar sttrsr _ London etosat
at 30 11-16 d.
GOLD PREMIL _L— ln Madrid. UM; X__ «. 4.08.
MEXICAN EXCHANGE.— M— Iean exchange aa
New York Is aaotsd at 108%.
GOVERNMENT RECEIPTS.— Customs nussjOJ
reported from 'Washington, Stt9,_t: Internal rasa*
nue receipts. tl.840.00S; mtsceHaneorai recskj(s»
5113.339. Receipts for th« day. SXOSMBO; expsadl •
tures. $1,690,000. Receipts for the month to data.
510.572.539; expenditures, Jlt.040.000; excess of os>
pendltures. $667,461. Receipts for the) fiscal fssrto
date. $501,040,149; expenditures. $498,577,044; -a -ta
of receipts, 53.598.108.
BTTB- TREASURY.— The Sub-Treasury w_ tr?4-
Itor to the Clearing House $373,876.
WALL STREET AHD EXCHAHOIS
FOREIGN TRADING.— Foreign houses «_tt fct
upward of 40.C0& shares In the local marls*. OB «
which were sales. Belling was especially l.«« 7 a
Union Paciflo and United States Steel posswm
In London the) general market was hea^y^ioso*
the Influence of selling, which was Induce* ir t-»
unsatisfactory money situation and the M ■
trouble at the forthcoming fortnightly se___
Discount rates were firm, while there was a_ Of*
vance In the price of bar gold and American 4S£»s.
The higher price for gold, however, failed to chs_
the American demand for the metal.
PACIFIC COAST.— The steady advance *oj— '
price of Pacific Coast stock Is due m great sari
buying by Interests •which are Identified ws_ — *
property and Interests which are anxious to ssssb>
control of the company. Owing to the tact fJB]
the prominent railroads In the West w_c. BW
no terminal facilities in Seattle desire to Is*
prove their Pacific Coast position. It Is *ss=»i
that they are anxious to secure control of tko Is
clflc Coast Company, which owns raluaNo ••>
mlnals In that city. As a matter of fact. — o m
Interests, the Union Pacific, the St. Pa— — *j«;
Canadian Pacific, through people closely •*•■•
with them, have been picking. up Paclfio Ctii
stock in the last few months, and naturaUj
buying has attracted a demand from Wall EtreKD
the expectation that the competitive buying SJBI
carry the price many points higher. ™]__~l"
of the possibility of other companies sec— ■!■>
control of the Pacific Coast Company, the «*---?'
of the property warrant the improvement ■ i
taken place In the market value of Its sscta ■*•>
SUB-TREASTJRT TRANSFERS AND •■■
IMPORTS.— local Sub-Treasury trass .e-
yesterday for the banks $388,000 to San FsißjSfcSs.
While it was reported In London that further en
gagements of gold for American account hat ■■■
made, this centre had no official adrica «> W
effect. An advance in sterling exchange °*J*?T|
and a higher price for bar gold * * - *2ss»»
eagles In London doubtless will be •*-"**••
bringing to an end the movement of gold » i~
centre for the present. The backs pa.4 t ~^ m
Sub-Treasury $1,000,000 on account gold^-^
deposited against imports. Since Friday ta» 080W
have, gained on their operations with «a c-^
Treasury upward of SS.OCC.OOO.
"SOOT EARNINGS -For the last week of AP»
the Increase In gross earnings of the MB
St. Paul and Sault Ste. Marie over the «««=;,
Ing week last year showed the great P*^ 3 '
of 80.21 per cent. For the month th *_J*" " „
crease of 60.99 per cent and for the fiscal T- •
date gross earnings are now 32.90 per^l "
cess of th« corresponding period of th» JJgS
year. If substantiation were need '?: fc eo^V4^
able exhibits would certainly support **• «*£, J .4
of Important holders of the stock «ta*tt^S \. n
paid on the common issue will bo tacres«a «
early date. fc- B _ aa al
UNITED GAS IMPROVE3IENT.-At tas a-^^
meettng of the stockholders of th© UnltedJ^^
provement Company of Phtladetphia. a r^ I!T^1 !T^« 1
to Increase the capital stock from 7JL^» '
of the par value of $80 to 918.06* shares W ***T^
cd. The company's report for the year •*^T: m
profits equal to more than 1S»» P»r cent. „~T_»a
crease over the preceding year to net •arnra*
$d 90.32& Wests*)
PIG IRON STOCKa-Advices from *°
Pennsylvania are that pig Iron stocks are ■*•• *^
considering the fact that a number ™JZ\_B_if
banked, consumers may experience • O>B V It
In getting quick delivery. Pittsk— « •f™^-.,,
that orders for large tonnages of all kiwr.^-^
Iron are being placed, same for prompt *-^^
and also for second and third quarters -*■ m
The consumption of Iron Is keeping «] *» *■£*&
erd of the last few months, and It looks 00 l —