New-York tribune. [volume] (New York [N.Y.]) 1866-1924, May 03, 1907, Image 10

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New-York tribune. [volume], May 03, 1907, Page 10, Image 10
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New-York tribune. [volume] (New York [N.Y.]), 03 May 1907. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1907-05-03/ed-1/seq-10/>

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TO
Bankers and Brokers.
William P. Bonbright & Co.
• Members Hew York Stock Exchange
Orders Executed on the
London Stock Exchange.
New York. 24 Broad St.
London. 16 George St., Mansion
House, E. C.
Colorado Springs, Colorado.
N. W. HALSEY & CO.,
BANKERS.
Bonds for Investment
Interest Allowed on Deposit Accounts
Fiscal Agents for Cities and Corporations
49 Wall St., New York
Philadelphia, Chicago. San Francisco.
CHICAGO & NORTHWESTERN
STOCK SCRIP
BOUGHT AND SOLD
SCHMIDT & GALLATIN
111 BROADWAY.
f?«dimmdi<to. "£?
Make a specialty of providing
Funds for Travelers
in any part of the world
through carefully selected agents
Descriptive booklet on request.
Nevada-Utah >
Bought and Sold
Orders Executed
J. Thomas Reinhardt
■psCtSSBSI In Curb Mock*
15 WALJ, STKE2T, NEW YORK
I Kohioo <>.!le«\ 19 Kxrhnnje I'lare
V^ I'rlvnte Wire to B«>*ton J
Financial Meetings.
riTTMJUKGH. FORT WAYNE & CHICAGO
RAILWAY CO.
Pittsburgh, Pa.. April 80. 1907.
NOTICE.— The Annual Meeting of the Stock and Bond
i< Men of the Pittsburgh. Fort Wayne & Chicago Kail
w«] 10 will be held at the office of the Company. In the
City of Pittsburgh, on Wednesday. May ISth. l'JO". at 12
o'clock, for the purpose of electing; four Directors, three
in the place of a like number whose term expires on that
day and one to nil a vacancy.
J. B. UPHAM, Secretary.
OFFICE OF
Amalgamated Copper Company,
42 Broadway, New York. May 1. 1!>07.
Notice is hereb/ given that the stock certificate
transfer books of the Company will be close.; on Mon
day. May IS. 1007. at 3 o'clock P. M.. for the, purpose
of the annual meeting of the Company, to be h< '1
June 3. 1907. and that such books will bo reopened on
Tuesday. June 4. UH>7, at 10 o'clock A. M.
A. H. MELIN, Secretary.
Dividend Notices.
AMERICAN SMELTERS SECURITIES CO.
71 Broadway, New York. May 1. 1907.
QUARTERLY DIV. No. S. TFD. STOCK SERIES B.
The Board of Director* of the American Smelters
Becurltien Company have this day declared a dividend
of 1^", m Preferred Ftock. Perils "U." of the Com
far,. . payable- June let, 1&07, to stockholders of record
on that date.
The. book* of the Company for transfer of the Pre
ferred Stock. Series • i P." will b» closed at 3 P. M.. May
:.'4th. 1907. and will reopen at 10 A. M.. June 4th. 1007.
S. M. BORDEN. Secretary.
AMERICAN LOCOMOTIVE COMPANY.
11l Broadway. New Fork. March 21, IPO7.
The Board of Directors this day declared a dividend of
one an--; or.e-quarter per rent, upon the. common capital
*tock. payable May 27. 1907, to the common stockholders
of record at the rinse <-f business on May 10, rS(J7. Checks
■will be nailed.
Transfer book* of the coma stock will close at 3 P.
M . May 10, 1907, anl reopen May 27, 1907.
LEIGH BEST, Secretary.
THE AMERICAN TOBACCO COMPANY.
No. 11l Fifth Avenue. New York.
May 3 st. IM7.
A dividend of 2* s '> and an extra dividend of Vt,
have, been declared upon the common stock of The
American Tobacco Company, payable on June Ist, 1907,
to stockholders of record at the close of business May
l".th. IWi7. CheckF will be mailed Transfer books
olo*e at 3 p. m.. May IMb. 3i»"7. and re-open at 30
a. m., June 3rd. 11*01
J. M. W. HICKS, Treasurer.
MISSOURI. KANSAS * TEXAS RAH.WAV CO.
4-.i Wall Street. New York, April 4. 1007.
The Board of Directors has this day declared a
semi-annual dividend of Two Per Cent. t-1) on the.
Preferred Stock of this company, payable Mijr 10,
I*o7. to stockholders of record on April 20, 1907. The
transfer bpok* of the Preferred Stock will close at 12
r>>l««k noon on April 38). 1907. and will reopen on the
muriiag of May 10, 1907.
c G. HEDGE, Vire.-President.
Savings Banks.
Kiwrjxffii '![ril!HllllllM!l!
Removal Notice
This Institution is* now located in its
New Bank Building
5 and 7 Park Place
UNITED STATES STEEL HOLDINGS.
Big Increase in Number of Dividend Checks
on May 31.
There has been a large increase in the number
if United States Steel stockholders In the last
:hree months, and on May 31 the number of checks
"or dividends which will be sent out will exceed
the total at the last dividend period by ten thou
sand. Following- the March break In prices on the
Stock Exchange there was an active investment
absorption of United States Steel preferred and
large buying of the common, and as a consequence
of these operations the list or shareholders exceeds
one hundred thousand holders of record.
Many people who own the Mock are not listed
on the corpora transfer books, as their stock
in In other names, mi instance; of which is furnished
by one. holding company in Europe which has In
its name In the neighborhcod of four hundred thou
rand shares, representing many Individual owners.
It (■ estimated that at the present time the Ger
man and British Investors hold in the nelchbor
hood of a million sharp* of the United KtaU-s Steel
Corporation, of the par value of KM8.988.900. Moro
than otis hundred nr.d fifty thousand shares are
hejd by* employ** of the concern.
CHICAGO STOCKS.
Bid. Asked. l m<\ Afk»(J
A. •e»tb * Co.. an n% Met WfiKl.. 24 ">e
do pr»f 106 110 , do p»ef ... '." m tv,
American Can.. « *s'« National Biscuit 76. 77«4
flo pref :*4\ ROY do pref 114 jj 4
Amerlcaa Fhip.. 744 — j National Carbon. 7] 771?
<Jo pref 1041^ JO7 ■ do pref lid lt«
Canal A- Dock.. M SS Nor Chin st Ily.. ;.j 37
Chic City Ry... 1P0 189 .Nor We»t El 21 22
Chic Edison 140 143 i do pref — r.s
Chic *.- O p El. 4 5 | Quaker Oats 16.'. 172
do pref 344 if. ■ do pref 100 10114
Chic Fneu Tool. 4" 41 '■ South Side El M 83
Cble Title * Tr.los»i 100 [ St W Stable C L 28 ••<.•,
Chic Union Tr. .4 4*l do pr«f SB jis
do i**f 1.1 "3 |Bubm-ay . . 10U 1714
Chjc Teleohoiie.ll''* 13»» Bwttl &Co . ;<t,;i!, 107
m&mond Match. 1-* !Un Bos & Par>er. I " '>'■'.
llllnol* Brick. . &C'» 57 | do pref uk jj:
do pref — r.4 IFeateni Btone . . 25 '■•«
KCUjriU... «5 H7 I West Chic St R;.-.' 27 31
::'.iN!).s
(»lc i'n»-u t is. N) M IFf-oples <;-'s Os. us ._
LHt El lit mSs — Mli So Bide R| 4. „ nf, ,,.-
>• -miss — '.¥) |w Oil«? v, .„.;; 87 jp
do Sxten 4«.. ►:; «4V4l So Cons 5s ' ■;•• -,t
Xor P7«St El 4*. >i BB4i
FOREIGN GOVERNMENT SECURITIES.
r'» r ,, , fti'- ' }]• A»ked.
'jermfcTi coasots 3 '/is to I ** BfV
J'iviiuian g<sifTT;tii<-r;t 4* 104 V 107
llwlun aw*nnrn< 3Hs ;i|i, -.
haxony cov«-rntnent S* '. ; K4 ', MS
H«trobir»-ir e«rt«rntn<-nt :ir m >t ,
City of '"oolkw 4x ; ;'»" ! . UN',
Oltyff Mum.li 41- Klo ', i,.. ( ."
<.l • of AUSSburs 4i », .,,'
City of Fisnkf^t on Main 88 l*«l *« ft 4' i«i?
City of Vl»niu <* 574 j/si?
M*nc«x go\e.-i.i:-er.t gr..j St !..UlOo«i 101
SECURITIES VALUES STRONG.
PRICES UP UNDER LEAD OF UNION PACIFIC.
Harriman Shares Helped by Various Rumors — Money Rate* Relatively
Easy — Sterling Exchange Finn.
Closing prices of stocks dealt in. with net
changes, follow:
>11I«-Chal C 0... 11 T 4 4- SI lowa Central 10 + %
•Aniul Copper... PT'- t + 2*% do pref 30%
Am Ag Chem... 19^ — H Kan City So '£> — %
American Can.. fl«t + % do pref ♦*> — %
do pref S3 I»ul« & Nash...l2o'i -4- M
Am C & Fdry.. M + >» • Markay Cos 71V» — '4
do pref 09 —V, do P r( " f **» +*»
Am Cotton Oil.. .'lev* -i- >* Manhattan E1«T.140 — 4
Am Grata T... <) ->■ % Mexican Central. 'Si - — —
Am II &I. pf.. 21 *« - : » M & St i. 50' i + %
•Am Ice Berur. 74 * -$|II 8 P*B 3 M pMß4">i —*4
•Am Locomotive 64 + '»IMo Kan * Tex.. 37', + V
•do pref 110 I Missouri I'ac 70S ■+ S
Am Malt Cor... JV» - Nash & Chat. . . .131 1 * 4- '»
•Am Smelt 130H +1 *>•"« I^ead «3*» - 1 1 .,
•do i>ref 103 - — - do pref $»>■, 4- '■■,
Am Tel A T Co. 1234 -2'-,N It M & S ... U>'» + H
•Anaconda «4», 4-l>^lN V Air Brake. .ÜBS4 -fl'i
A T * S I" KUj + »4» 4 N V Central 11!>» +1
do pr.f Mitt + i;|STCft St I-. . . 42'» + «i
Bait & 0hi0.... «!•'•» + H N V & N .1 Tel.lUH 4- «.»
do praf M>-» X V O & \V .. 37 » —'.
Rklyn Rap Tr.. t,f> Northern Par 13fl^ +2
Canadian Pac ..17fi T » +>,[ do rights 117' i —l i
Cent Leather... 2n<4 — UlTenn Railroad. . .128 +1
do pref Jl7 — |I>o C, & c M + l i
C f» Am Tel IBSI4 4-4 i Pitts Coal Co.. . 12"4 4- H
Ches & Ohio 42 | Pressed Stl Car. 30
Chic &• Alton... 15»; —> 4 ! do pref 02 ! 4 — 4
Chic Qt West... 11*» + i;' Reading 113 -> IS
do pref B 18', 4- Hi do Ist prr-f. . «4V* —
C M A.- St p . 137»i • I', 'Rep Iron A Btl. 2S* 4- l «
do pref lfi» 4-1 | Rock Island 22' i - '?
do pf lit p<J.l3Si^ 4-1 I do prof •''<•
C&NW 1544 4-2%!Pt I, A S F 2.1 pf 34' i
C St P M A O 1.1.V* — 3i»!St I. A S W pf.. M —Hi
chic t Tr pf... IB ! Sloi«»~Shefr f>.V-i — »i
Chic Vnion Tr. . 4»; +%\ Southern Tac . . . «fl T » 4-2
do pref IB** 4- H! do pref IIS 4-1
CC C A St 1... 72' i I Southern Ity 22<4 4- 14
Col Fuel a I ... 36»i -»- *»! do pref «7 — H
Col A South 2,V» - - Term Copper .41 4- H
do Ist pref.... <'.(> ' Texan A Pac.... 20
do 2d pref ... 40 7 4 — H Tol By A l-< 26
C A II C A 1... 27» — ' St I. & W 30
Conrol Oa« 133' i — V do pref 53% +H
Corn PR Co pf. 77% + 'iiVnion Pa.m- .. .150. 4-3' i
Del A Huflfon..l9«»i 4-3' i! do pref '.<",•* +8
Den * H (i 21)» 4- 14 V B Cast IV ... 37'n — (4
Pet Un R P. ... 71 -1 US Rubber 43 -— -
Hist Bee Cor. . 7"-, 4- i;| do Ist pref 1O2 T 4 4- Mi
Erie _. > 4- Hi da 3d pref 72 — %
do Ist pref ... &64 4- "i'U S Bteel 88 4- \
do 2.1 pref .. . HU 4-14! do pref lf>2'i 4- "-
Gen Elec Co 148>i 4- 14! rtah Copper 20 ; , — U
Gt North pf 13S -2 v« car Chen 2* —Mi
do pref ctfe... f»2'i 4-14!w«baah 18% — i M
do 40 p c . 127 ! do pref 26 4- '»
Int-Met 2.'.'4 • West Tn Te1.... ««'» 4- H
do pref 61>-4 f2}t WAI- B2d pf. IB +'i
Int Mer Marine ~\ 4 H'Wls Cent 184 4-14
do pref 23 1
•Unlisted.
Closlns priOM of active bonds dealt In, with
net changes, follow:
Japan 2d series. PS»i 4- sB A O gold 45...1<W14 4- 4
Am Tol, «■ 73»i — >-, Chic B A Q 4? . . fl*»i — *+
do 6* JW-i 4- !4! 4 ■ Perm cony 1915 . P3 l ; --'4
A TAS V (ten 4» P«H — S' Reading Ken 4«.. 1»74 4- H
do cony 45.... 90 4-1 !
STOCK MARKET OPERATIONS.
Activity in yfsterday'B stock market was con
fined to a few shares, but in the general list
prices were strong, despite the fact that there
was no outside response to the speculative buy-
Ing movement in Union Pacific, the copper
shares, Heading and Southern Pacific. Union
Pacific was again the chirf feature of interest
and the sharp advance in the preferred natur
ally attracted attention to the various rumors
afloat regarding the company and intensified the
belief that matters of material importance to
the stockholders of the Union Pacific company
were being discussed by the management, par
ticularly in regard to the company's holdings of
the securities of other roads. The advance in
the preferred, the first movement of Importance
in this-: issue in several years, created the im
preuion that there would be a distribution of
the assets of the Union Pacific company In
which the preferred holders would share with
the common, while it was reported on circum
stantial grounds that the company would or
ganize a banking corporation to take over the
stock interests of Union Pacific in Southern Pa
cific and other companies. The preferred en-
Joyed a maximum gain of more than 7 point*,
while the common advanced 4 points, with its
last price at a net gain of K 7 » points. The
strength in the copper shares followed the ad
vance in the Rio Tlrito issues abroad, and the
character of the buying suggested accumulation
by important market interests who baaed their
operations on the strong position of the metal
at home and in Kurope. Rio Tlnto shares nave
enjoyed an advance of 525 a share in the la^t
few days, and it is pointed out by interests Iden
tified with the Amalgamated and Anaconda
companies that the stocks of these two concerns
are remarkably cheap in comparison with Rio
Tinto. I>ast prices in the general list were
strong at about the best figures of the day.
In many banking houses objection is made to
the Atchison's bond plan on the theory that the
f» per cent rate on the new issue will make it
More difficult to sell the old 4s. hut this ap
parently does not bother the Atchison manage
ment, which points to the fact that the grf-at'-r
part of the former issue has been sold to tin
stockholders iiiid that as long as the latter an
willing to take the bonds the company need not
concern itself with the complaints of bond deal
ers. The now bonds are of a short maturity
with the conversion privilege limited to the next
six years, and It therefore may be assumed thai
the directors believe all high clam Investments
will sell on a lower Income basis in that time,
an idea which is quite generally held In con
servative investment circles, though the quali
fication is made that prit es for securities In
general may until after the next Presidential
election average a u-v»-i which will return as
much as. if not more than, that which can \,(- ob
tained at present. Prices for most securities in
the Investment class an? abnormally cheap and
the yield correspondingly high, and in view of
the soundness of the conditions governing
Investment values such a situation would be dif
ficult to explain on any theory other than that
vested rights In this country are in danger i>:
collapse wera it known that the speculative
movermnts of the last two years are respon
sible lor the big decline that has taken place in
solid Investment securities, as well as in those "f
a wholly speculative character. Market wiso good
stocks have been injured with the bad, but In
trinsic values have not been damaged. To re
turn to Atchison, it is Interesting to note that
though the system has Increased its mileage by
'*) per cent since the organization of iij». present
company. Its total capitalization a mile has
decreased, atui even if there should be no in
crease in the mil obit in the next twelve months,
the time in which paymnts on the pew bonds
will be made, the total capitalization at the end
fit' this period would only \,o $53,300 a mile.
Bo fnr in the current week the local banks
have lost on their operations With the Sub-
TreaSUry l'-s* than Sl.<KK>.oo<». while it is esti
mated the shipments to the inteti,,r have been
lighter than reported a week ago. Unless, thero
fore, there has been a large expansion in the
loans, to- nor low's Clearing House statement
Might not to show a material falling off to the
reserve above legal requirements, though this
item may be affected by the week's operations
in connection with the May interest and divi
dend disbursements. At its weekly meeting yes
terday the Bank of England made no change la
its discount rate, th<- movement of holdings in
the week not warranting a reduction, which in
T^ondon financial quarters had been hoped for.
Reserve declined £S."/<MXK), but the proportion of
reserve to liability was much more favorable
tha.il at the corresponding ilme last year. Mun, y
conditions in London are strong enough to per
mit withdrawals of gold for J J aris account; in
Paris the situation is better than it has l.een In
months, while lhe same may be said of con
ditions in Berlin. In the United States financial
conditions throughout the country are strongei
than they have been for ;i year or more, both as
regards the position of the open money market
and th< federal Treasury, and tor th« informa
tion of ppoplo who are ur.rasy over the situation
here it Is worth reporting that New York soon
■ .. ■ a lar^e lender of funda in London.
NEW-YORK DAILY TRIBUNE, FRTDAY. MAY 3. 1007.
BOND MARKET SALES.
70(>0 V B3s Re X 19oS.1024!lii<XiO L S £ M Bo Deb
11500 Japanese (is 9tHil 4s' 034
20<«> do US', 1000 L I Gold 4s !Wi
15000 do U(*V 1000 do Kef 4s !»'I T ,
BUOO do 2d m\ O*KW do »7
29000 do 08?j 2000 L. & N Unit 4s. .101
fciOO do 44s 01«il 1000 do X O & Mob
1000 do HP- let 12.'."4
2000 do 1M ;>1 ' . 2000 M St By Gen 65. .104
600 do »n I MOO Mo K& T Ist 4s. 1184
•"«!<> Kof C Da.. 102 11000 do 2d Ml,M 1 ,
7000 V 3 of Mcx 45.. »4>,| MXiO do *4
1000 Va Fund Debt.. 03Vi| 2000 Mo Pac 3d '.'7' ii
1000 Alb & Sus.i 345. i)o\ lt'HHMi NYC Gen 345.. '•'*'•'
i!<x»j Am Spirits Us ... ■,)l>4i 1-0(«i0 do lH a i
81000 Am Tobacco 65.. , 17000 do »*4
•000 do l<HSa» 1000 do Deb 1034 . 1t44
♦MM do 1004 3>JO XVC& St li 4>.1"1S
(1000 d.. 1004 ' 3(100 do 1014
13000 da 10C«,ii 10000 N V'? & X LII
4(HK) do 4s 73 7 », & 1> 5s 103';
8"0» do 73^4 1000 do 4s 834
COO A T & S F AdJ ! 1000 N V L. & W <'■"'
4" 92 Sa 10»'4
5000 do Gen 4s 084 j 1000 n v O jfc \V Her
8000 do ttS»» I 4r J»T
5000 do lIH> 4 .VIOO do »74
I'kKin do Convt 45... us | BOOO>Norf & W Gen 126
Ifiooo do »st-« r>(HX) do Con 4s 07%
20000 do »B%i aOOO do PC & C 45. . >- s \
32S(HK> do 89Vj 1 14000 Nor Pac Gen 35.. 71i 4
r.(lf»i do !!!>V 8000 do Prior 4* ....101%
68000 do il*J4 Li«H» do Term Ist li:i%
Hloiii) do 99 1000 OK & N Con 4«. BSVi
B4NK) n& (i Gold 4s..KH>4! i;>khi <> sI- : td itff 4s M
12ot» do 100*1, 1 6000 «'o l»2 J i
1.1000 do sloi-MiHts 4<hio do 1*24
3.V» d.. 1004 500 Perm Convt 345.. M\
1000 do PLiK ft W ! 2000 do 04%
4h !>3 I nooo do >«
2000 do Prior 845.. M (54000 do 34s m!> . »»3i;
1000 do Swn 2 .-<... M>H SRiiOi> do t.i«
1000 do Mtv 4 1 4t>S0i> do 034
2000 Bkln fn t.as 55.10r»4| aiHK) «i.. MS
1000 BK & P Con r>s.H4\ I 20*>00 do 03V 4
40iO Cent leather 6». Hi., 7(Xh» Peo * E In.- 02
2ihjO do ui>V 8000 Heading Gen ** ■ !»74
6000 Cent Pac Gtd 4s. 06V4 8000 do VI
2000 C& O Gen 445.. 102 10000 do 074
8000 do Con 5s ..11l ' ,-.<» m» fat I. S 2d..»10F. 80
000<> Chic & V. Ist ss. 113 1000 St !¥! ¥ M & M 4H5.107%
SO(KI c II 4 Q Jt *»■■ it', s, 10000 Scab A I.. Kef 6s. it"
8000 do U7< 2000 So PCITr4» . . . !»>
8000 do MV 5000 do Ist K.-f 4s. . . 03%
7000 da Deb 5s 101' , ; I<mhm> Sl' of Cal Con .'.M.lltt
2000 do lowa Dlv 4s m> , 2(XK> South liy Ist 110%
1000 do 11l Dlv 45..11J SHOO Tex .*• P Ist .'.5...M.".4
9000 C It 1 & l' Gen ' 10000 Union Pao Ist 41.102
4S iof> ; r>oo do ion;
0000 do HIT, 1000 17 8 leather Ba. . .102*4
7000 do l!-'f 4s «!>», MiKt fS R & Hit Bs. '."I
1000 do Reg Ro4'7'.tO<irt V S Steel B r6s. 07
T>ooo do RR 4s 70*; I 18000 do Ott T i
2000 D& II Convt 4s. 102» 4 1 24000 do 07
1000 DL&W 7b .. lor, 600 do v.,-g :<'■■■,
2000 Dlst Bee Cor sa. . £44 49000 Va I C *:• C T. 5... 024
6000 E T v & Q Con 6000 Wabash Ist 5s 10!>«,
Ist 5s 113 86000 do lnt Cfs Rf 4.« ««4
POOO Erie Ist Con 4a.. 9f 11100 do «7
2000 Int-Met 44s ...T9 ' 6000 .1" '■■'• !3! 3
lr^iOO Int Nay f.s M : Woo Wab Pitts T Ist.. 7. r
.'.'«■'■' do KS4 r.OOO do 7"i
1000 Int P Convt r.s. .I" | 2000 do 2.1 M
20Of> X C P 8 & M 4s 804 5000 WMd Cbnvl 45... 54
2000 Ken Cent 4s 'llonO Westlna;)i S F r.s. 04
1000 L 3 & M 80 Deb I 1000 W NOT C I*'-- .1084
4s 04 I 2000 ■VY Is Cent Won 4." SH
Tn;«i sales of bonds. $1.549.0f0.
GOVERNMENT BONDS.
The following shows yesterday's closing quota
tions for government bonds, compared with
Wednesday's:
—May I.— —May 2 —
■Rid. Asked. Bid. Asked,
V. B. -'. rc»r!!»t<TP' 1030. :. V. 104 1044 I'M 1044
U. B. 2s, coupon. 1830 1"4 l<i-) 4 104 lm4
U. B. Ss. restored. 1806 1024 K>;i' 4 1024 lO3U
V. S. Bs, coupon. 100S 1024 103'» 1024 lOSVt
V. 8. .Ms small bonds ... 102<4 — I<T>\
U. S. 45. registered, 1007 101 "«, I<»2 lvl 1 * 102'
U. B. 4s. coupon, 1007 101 l * 1"2 101 »* 109
V. P. 4i>. refcistered. 1823. . 1204 13O<; 12114 I»H
U. B. 4s. coupon. 1025 . . .1204 13O'* 1204 i:m : »
Panama Canal 2s, registered.. 11 Ci I'M 100
Phlllpplna 4s 1004 — I<>«4 —
AMERICAN SECURITIES ABROAD.
London, May 2, 4 p. m.- The market for Ameri
can securities was dull, ii"sit:({ nt unimportant
price changes. Last Quotation a follow:
London New Tork New v >!■;<
.i «•'. equivalent. close. Charm**.
Anaconda IS BSM «3'; — 4
Atcbison 07 4 04 H 04** — %
Can Paclflo I*l4 17rt 17B\ — "*
6t Paul 140 ISA 1SU"» — '»
Erie. 24 \ 24 4 2* « — '■*
do l»t pref 574 M 56 S 4- »»
Illinois Cent 151 '■»•!•, ■
I>ouU & Nash 123 lll»4 110"* — U
N V Central 1224 110 11K'» 4- \
Pennsylvania 88 127 127
Readlmr 574 11 1*4 HIS -r N
Po Pacific 8716 s»»* s« -, — 4
Vn Pa. lilt! 1504 u:\ :*•■ . — »«
U B Steal SK4 37 37 * — 'i
do pref 1044 JOl% 101 4- '«
FOREIGN MONEY MARKET. -Call money in
London, ajt2'i Per cent. Open market dlßcount
rate for short bills, 3 per cent; long bills, 3<- 4 per
cent. Berlin discount rate, 44 a N per cent Paris dis
count rate, ?,\ per cent. Paris exchange on Lon
don, 25 francs 10 centimes. Bar gold, 77s 9'id. i:. 1 -
lin exchango on London, 20 marks, 47 1 * pfennigs.
FOREIGN SECURITIES.— consols for
money, 84 15-16; for Ute account, 80 3-16. French
rentes, 95 francs 5 centimes.
MONEY AND EXCHANGE.
MONEY MARKET.— Money on call opened at 'J'-i
per cent; highest, 3 ! 4 per cent; lowest, 2',i per nt;
closing', 2fi2 i per cent; last loan, 3 per cent; ruling
rate, 2^ per cent. Time money was quoted at
3';fi4 per cent for tslxty days, 4Vi per cent for ninety
days, and l\'<.i ~i per cent for four, five and six
months. Commercial paper was quoted at 6VIOB
per cent for sixty to ninety days and four months,
and i.<>>;._. per cent for others.
FOREIGN EXCHANGE.— The foreign exchange
market opened steadier, with sterling rates up 5
points to 4J5V&04.8880 for cables, 4.SO2u<"a4.SCV; for de
mand sterling and 4.833094.8340 for sixty day bills.
Short francs were quoted at :. 17' 2 and short relchs
rnarkwat 95. The market became a shade higher
liter the opening, with an additional advance of &
points in sterling rates to i.8856@18566 for cables,
l.SC>;^-J.5630 for demand sterling and 4.8355&4.8845 Tor
sixty day bills. In the afternoon short francs were
quoted at 5.17%@5.1?V4 plus 1-82, and short reichs
marks at 95 plus 1-32. Offerings of bills were light
ami the market became dull, but the undertone
continued firm. Actual closing rates follow:
Cables. Slulit. sixty days
Sl»rlir.g. 4.fWSS 4.86^4<tf4.R84 4.V1U@4.h34
Franca 017', ft.nHlQ'o.lo% 6.20%tt0.20
Kelchsmarks .... 88 t>.". c; 1 ..:, l -111 84H@044s
Oullders 4Ov«-»" 1-10 4>K(Hv'-»
Bankers' posted rates were as follows:
Sixty day». Demand.
Sterling 4.84 4 si
Germany relchsmarkn ims .-,i 4
Parts francs 6.19% 5 HP*
Relclum franca 6.21% n.174
RwltzerUnd francs 0.20 fi lii 7 i
Holland guilders 404 4,,^
DOMESTIC EXCHANGE.— Boston-lOc discount
Chicago Par. Charleston— Buying, &•<• discount;
Belling, l-100 premium! St. Louis— 2oc premium bid.
San Francisco— Sight, -'jo premium; telegraph, So
premium. New Orleans— Commercial, DOc discount;
bank, $1 premium. Cincinnati— 3oc discount. Sa
vannah—Buying. We discount; selling, 75c premium.
BANK CLEARINGS.— New fork— Exchanges,
$410,829,704; balances, 816,635,600, Philadelphia Ex
changes, $32,308,314; balances, $3,165,771 Chicago—
Exchanges. $64.174, 3W; balances, 15,336,268. Baltimore
— Exchanges, 16.113,843; balances, 8489,665. Boston—
Exchanges 841,884,819; balances, $2.563,9«6.
SILVER MARKET. Bar silver. 66% c. Mexican
silver dollars, 50% c. Bar silver in l^ondon closed
at SO 3-16 d.
COLD PREMIUM In Madrid, 10.95; Lisbon. L'..V>.
MEXICAN EXCHANGE. Mexican exchange on
New York is quoted at 20<Hi.
GOVERNMENT RECEIPTS— Customs receipts
reported from Washington. 11.206.362; Internal reve
nue receipts, $815,445; miscellaneous receipts, $538,539
Receipts for the day, $2,559,307; expenditures, $1,870,
000. Receipts for the month to date, $5,947,790:; ex
penditures, $4,040,000; excess of receipts, $!,93*4,790
Receipts for the year to date, 1351,081,450; expend!
tures, $492,670,908; excess of receipts, 158.410,542.
SUB-TREASURY. The Sub-Treasury was debtor
to tilts Clearing House $583,492.
FOREIGN BANK RETURNS.
London, May 2.— The weekly return of th.- Bank
of England shows the following changes: Total re
serve decreased £562,00t>, circulation Increased £129,
000, bullion decreased £433,330, other securities de
creased £888,000, other deposits decreased 145,000
public deposits Increased £415.000, notes In reserve
decreased £SjB,(WO, and government securities un
changed. The proportion of the bank's reserves to
liabilities Is now 43.21 per cent, as against 45.32 per
cent last week, and compared with SB*4 per cent
last year. The rate of discount is unchanged at
4 per cent.
Paris, May 2.— The weekly return of the Bank
of Franco shows the following changes: Notes In
circulation increased 86,175,088 francs; treasury de
posits decreased (0,415,000 francs; general deposits
Increased 78,950,000 francs; gold on hand Increased
1.700.000 francs; silver on hand decreased 378,0<)<)
francs; bills discounted Increased 1h8, 200.000 francs,
and advances Increased 1,650,000 francs.
Berlin, May 2.— Th.' weekly return of tin* Im
perial Bank of Germany shows? the following
changes: Cash on hand decreased C-J3.580.000 marks,
treasury notes Increased B9XOM mirks, other securi
ties Increased <ir..«ft.nnf> marks, and notes in cir
culation Increased &4,3£0,000 marks.
RAILROAD AND OTHER STOCKS.
Phareai I, Actual sales ,I^-Closlnf-,
sold/l , I Open | High | Low | Fin.| Bid. | Ask.
lAdams Express. I — L — I — I — 280 J(V)
300 .Mils Chalmers . 11** 11%! lIV ll »i 11% '-
i Jo pre( — — - - 1 — 3 " L *i x - v *
BU,o<>o 'Amal Copper.. D»*i 97' i »si 97 : ,, H7H, »•'»
100 Am .Art Cnem.. lit'- 104 !«'« I»S » ! '- 10
do pref — - | - - *" I '••"
•Am Best Sugar — — — I — j 154, «
i •.lo pref : — f—l —f — I — v -
Ms|Am can , B S%| « OH — I —
1.340 do pref 55'; 55>l 60 I •*>«'> j — —
1.100 Am Car & Fdry. 871 :!S 37V4 :is *t%\ H
-00 do pref Ill) |m» BB UW , !♦» , 89* i
;Am Coal — — — — U'3 IfiO
300 Am Cotton Oil.. 30*, 30H 30i« 80' i 3OU 3"i',
1 do pref 1 — , — — — »2 »2
Am Dtat TH.... — I — — — 23 40
Am Express.... — — — — «•» )**
100 'Am (} r Twine. 1 « J 6 « 6 6^l ,C%
Am Hide * L. . — — — — 4»* ft
200! d 0d 0 pref 21> 4 21'; 2U; 2U; 21Vi 22
100, Am 1.. Sec 74*« 74»«; 74%. 74** 73»» 74»i
20 •Am Unseed.... 13V«I 13'» 13,*, it» 12*4 13
1 •do pref — ' ( — I — ' — 27 38
4i«> 'Am Locomotive *A ; <!4 , *4 | «4 , «■(** «4 ; »
200 Mo pref 110 110 110 110 10» 11
120! Am Malting £>■; f. 1 * .'.'* 6Vi| 5 1 7
1 do pref — i — : — I — 25 30
81,830 •Am Smelting... 188 IST.% 1345; 13554 1351^ 133»4
317 Mo pref lliwii, ' 101)^ .00 109 108* H>9
■ do pref B — ' — I — i — »'-»H 88
•Am Snuff — — — — 103 240
1 'do pref.. — — I — — U«) jIOW
Am Strel Fdry.. — — — — I* B '*
do pref — — — — 37 40
•Am Sugar ___.— 12»H 12Mi
Mo pref | — — — I — ',122 127
Am Tel ,v ciibl* — — —J — 78 m
2001 Am Tel & Tel.. 122 123H 122 128H 122% 125
ii.". Am Tob pref 1»3 P"l ,Wl JW V- [ M
•Am Woollen... — — — — 1 29* i3O
1 •.10 pref — _ _ _ 04 , «3«. 4
23.0G5 1 •Anaconda 63% 1 G4'i 63' i 64« i 64H 64^
Ann Arbor _____ 2l> , 81 »
do pref — I — — i — 70 . 80
Asso Mer Ist pf — 1 — — — 100 , —
B.Boo j Atohison 04»» »5Vi »4H 03»4 l*H; 6& 1 4
li>" ■!.. pref Xi?» M , H.V4' *♦»% »3% 9«
— - Atl coast Line. — — — — lO3»i l"4 l »
6.ofiOiUalt & Ohio I 99 i W\ l)S'4 »»H, O»Vi »9Vi
I'"' do pref hll4 8U".,, H»4| 88^ «9 ■ 00
Btthlohem Steel. - — I — — 11 112
- , do pref _____&>
2. lihi Bklyn Hap Tr.. .'.:» 59' i '■'■* 39 GO rr ' IH *
iHklyn t"n Gas.. — — — — 1118 125
- Brunswick — — — — 10* 13
Buf, Rooh &P. — — — — 190 i 12S
do pref , — — — — 110 1384
Hut & Susq pf. — — — ! — — jM\
■ 'Hutterlck C 0... — — — — 43 j «
■ Can Southern... — .—. — — — , «2 U2i4
1,200 Canada Taclflo. 17«'* 177'» 175^ 176 T 4'177 [ 177'%
I 127! Cent A S A Tel 13-SV, 18S^ ; 18S'», 13» 140
Cent Leather... 2«*« ffl>»« 2» 2*.i' 4 i a«%i '_<•»,
200 1 do pref 97 i 97 :97 67 |90 187
Central of N J. — 1 — — —1186 180
1,110 Phes * 0hi0.... in, 42 41*; 42 41 T 4; 42
loolchltf & Alton... 15>* 15% 15? i 16% | U\ I 51 *
do pref 1 — — — — — 65
!Chl i B ill pf — — — — ! 110 ISO
jChtc Hur & (J.. — — — — 190 I —
100 Chic Qt West.. 11", 11% 11H UK US 11%
do pret A — — — ; — I 62'; 63
200 do prei B lU'.i l»5 7 » 164 ?<,? <, I ( 'V 17 4
do deb — — — i — 744 75
Chi In.l & L j>f — — — . — 60 txt
9,680 Chi M & St V. 126 I.'IS 13T,»; 137« i 137 ! 187%
! Mo etf» I — — — I — 11» 120
825 CM& St P if. U8 108 159 K.J» 167 168
1.400 »do ctfs 137 ! 1314 137 1.W4 138 13»
1,160 Chlo * N"west. 132 1544 133 1344 1544 100
200 CBtl' M & 0.. 133'; 133 1 135 1 ; 133' t 133 140
j do pref — — ' — — 130 ISO
Chic Term Tr.. — — — — 8 84
100 do pref 15 10 15 13 15 17',
1.4110 Chic tnl.n Tr. 4'; 4«; 4i» «% 44 4*«
200 do pref i:.»* 13'» 16* 4 13 t » I*'** 16
200 CC C A St 1... Tl\ 72H 72.* 7214 71 ' TiM
1 do pref _____ 101 109
Clev Lor & W.. — — — — 70 ! —
1 do pref — — — ' — ' lia 1 123
Cleve & Pitts .. — — — — 163 —
2.000! Col Fuel ft Iron 834 86% 834 86% 36% a*' 1 *
L 600 1 Col A South.... 26H 2.'.'- ; 20% 1.".-. 26H 254
40.1 do Ist pref. ...l 60 .80 «IO 68 50» t ho
1 100 do „ praf.. .1 4H 4« 7 i 4» «6% 48% 47".*
800 Col &llCft I. 2t5»; 27V; 28% i' 7' 4 27 274
Consol Coal — _ I — _ — »»0
840IConsol Uas 133'; lilt; 133 1* 183V4 1834 133
Corn Prod Kef.. 19*. 19»» 10% l^S IDS' 20
1001 do pref 77", 77 , 77T4 77%' 774 '-.
4'«> Del A Hudson . 188 190* 189 1901; 190 190' i
1 1*1 I,«rk & \V. — — — — 470 471
1.600! Denver & « O. 284 88% 284 29Vi 28% 3'>
do ref — I — — — 74 "84
ID MA Ft D... - — — — ; — !15
1 do prof — _ — -- 100 113
Detroit Southern — — — — 3 I 7
1 do pref !_ — — - - 17 35
Detroit Un R Rl 71 ' 71 ' 71 71 I 71 72
t««> »Dlsi Berurltles 7'»* 70H 70i; 704 7(»'i 704
•D 8 8 ft At... I — — — — 12 144
1 »do pref I— 1 — I — - 21 ! 3
Bit Stor Bat.. — i — — — I — ■ "
4.700 Erie 24', 25 24 2.-. ' 24*; 23
1,000 do Ist pref ... 634! 86% 88% MS IW 06U
200 do -•: pref j 3V> | 304' .lit 894 j 3«Vi 304
Evans ft T 11.. — I — — — SB TO
do pr»f — — — — 186 M
•K«"l Sujtar _____ no 60
••I" nref — — — — 'H4 I«7
Fed M & S — _ _ _ ;.trt ISO
1 do pref ... r_ _ _ «fiH fi 7
lOlOrmnby 180 130 130 130 125 133
• •>n (.Item Co I — j — — — •« 7.1
! do pref I — I _ I _ _ PS4 80
1.400 (ien Blea »>>... 1474 14S<» 1474 14«'i 148 14>4
8.880 .;r Northern pf. 136 ITS 1.15% !.1h 137» 4 :13H
TOO Mo -üb« 11271 127 127 (127 127 — —
8.350! •,;,, r.ro .-if. . . 60H 82i» H<>4 ti2-* 83 . «12%
Havana Elee Hy — — — — 2.1 43
! ■'•;• i — — _ _ !74 77
Hock Valley, pf, _ : — — ! _ 834 »4
— ll'<m<>atakx . ... — I — — _ 6«J 1 75
l.« 00 [nt Mer Marine I 7S 7"» 7S' 7% — —
100 do t>ref 23 23 23 V. — —
'Illinois Central. — — — — 140 147
1 do 1.--.1- IL — — — _ — Ml
Insenoll Rand. — 1 — — — 84 I —
1 do pref — — — — 9O —
l"" Inter Metro . 2. r >4 2541 234! 254 234 i&\
600 do pref BOM 6l'»! 694' «14i «14 62
Inter I'ane- — — _ _ IIS U\
■'■ ■• I""' ; — — — — 74V; 74V
# Int Power. ... — — — — 43 | —
Int Stenm l*ump — — — — :'; ' 2".»
j do pref I _ _ _ _ IS 7:.
■'■■ low* Central...] IS4 18 184 19 IS\ 134
-•>• ■■ pref 38T» 36% Brt', ar,\ ;i.i 37
100 'Iron Sllvtr |2. 33 2.30 12.35 12.33 — — I
Kanawha * M..| — | — { _ ( — 40 SB I
100 Kan City _ 5..1 » i 23 23 23 25 254
1,300 do tTrt I :•.•", ; <■" :.:.-, .... sou «<»»,
|X cKS i- M J>f — ! — ( — — 7rt«. *»
Keokulc ft D m '— — — —18 10
~! do pref _ — _ _ 88 140
Knt ■ los of Chi. — — — — .... -.:.
di> pref...... ; _ _ — _ 146 75
LacledA i;m ... — — _ -_ 105
to pref _ _ _ _ tO 110
1.-ik« Brie ft W[ — — — — 20 '84
do pref — — — — SB Tit
I- ns Island — — — — 50 ."•■>
auo.isuii* ft xa.h... 1201; 12"'» i3>'« 1201; 12<>'. 122
800, Macks j C 05.... 714 714! 71>» 71' 4 70\ 71- 4
-'■■, 00 pref .. 88 CUSI C 9 , COS «9 8->4
- - •'.Manhat Beach.. — — — I — v. ' 6
lOOlManhat Kiev 14.» 140 1140 140 l:i<>»* 140<i
Maryl'd Coal pf — 1 — — 7,-, '
I'Met1 'Met St Rj _ _ _. _ M I w
400; lies Central 22 22 22 22 21», 2_!
IMlrli central... — — — — — 190
600 Ml n a. st Louis 48% .i«», 49*» 6O1; 404 >>-,
do pref — — — — «• 114 I
m 81*& a 8 m —:(—"— _ no 1,,;
i"" do pref . 134«;1134'i]a34'; 184U1133 13rt I
li'" M Kan & Tex 88% 87V 3«V 37>»i 37 ■» 37*. |
— — , do pref — I — f j — - — t net, n.ji;
200! Missouri Paclflo 70'; | T6% 7«V; i 7»»s TO 7«4
-— - 1 Morris & Essex _ — — — J175J 175 I*3'
200 Nash ft Chatt.. 131 l.il', 131 1314 128 135
I .Vat Biscuit.... _ — I — — I 7,.,.. 774
*'''» pref — — — — us', 11.1
Nat Kn A Btpr.i — — _ _ ll>, 1:,
do I" ■ ■j — — I— - — ! (11 I«8
>.SBO*Nat Lsad... m 88% 02% «3* 4 [ 68>i 63%
100 »d 0 Pref 86% 0941 W><a W»4 — —
Nltßof Mpf — — _ _ 62 M
do 2d prof.... — — . • °1 "1
1,700 »New M&S. . 18% 19« i 18% 19V» - '
New Cent Coat.. — I — . 1 ■ ISB I S7U
200 «X V Air Brako 118 ! 11S<» 118 11814 113 lit»
2.827 New York <-ont 11M>. 1194 11SV. 119v!ll9V; Him
100 N V Chi & 8t L 42?» 42", 42', 42% 424 4-t
- do Ist pref.... — I— _ _ 10» 115
do Id pref — . — — — '77 I 1.5
N V Dock — — _ —ISIS
i do pref — — — — ; rtS» 170
N v Lack &W. — — — — 12i» la.)
ISO N V & N J Tel 1145114% 114H 114% 114%! 114% '
IX V :%' II ft 11. . — — — '— , 173 «J7U i
100 IN V Out & V.'.. 87T4 87! i 87?. 37; i Riff-
Xorf & Weit... — — _ _ 771, - H '
do pr«f. ! — — ] — _ si 1.3
■North American) — — ! — — 75 7-,,
1C.»«>! Northern Pacto 134 1384 1 i:t.t*»l3«H 13GH in.;».
1,100 »do ctfs 116% 117', 110', 1174U17 117^
Ontario silver... — — — — | 4«| 514
Pacific Coast... - — — _ ! OR*! W.i! I
J do Ist pref . . . . — — — _ ItC 102
Ido 2.1 pref — — ._ _ ) j(1)j (1 ) i,, a
Pacific Mall — — — _- I«u •>-
02.4B0|Penn It It 127 12HV127 128 lIM .las', ;
~ Peoria & East.. — -— — —■ ; 5 25
808 Peo ':•!« & c .. 82% 93 : 83% 93 j t»2*i 9.1
I'C.C* StL... _ _ _ _ 701! 7a
do nref '1 — — — — oo' 1 ' |."«
100 Pittsburjj Coal.. 12'; 12i; 12*; 12".; 12 lS
do pref I— . ; — I — — 63 3ti
850 Pressed Bt'l Car R<l I 311 I mi 3(1 — —
186 do ml 82% :>2 ; i »2' 92<J — —
Pull Pal Car... — I — _ — 106 .,,
Quicksilver . ... .—. — — — . T » 1
! do pref — — — — I 14 4
Hlt Securities.. — — — — '•, i' <t s
•ny Bt'l Boring. I — I — — _ 44 4.-,
*do pref — — — __ 1,5 ! ji^it
124.400 Reading 1114 "3«; 111 113 U2*,,!11.V
100 do Ist pr.-f....! 84% 84% »44 844 88% 844 :
—— do 2d pref — — — _ 81 #"<Z
BMI «R°p jron & 28% 28% 2«4 2S«; is»i ! -ii
3«i »do pref 84J; Si\ 84»; fi4». H4U R5
I.MOinoek Island.... 21% 22% 21% 22% 22', aju
200 do prat r»0 | M !60 160 S3 50
Rome, \v A Ob<l — — — — lav --
Rutland It It pf — — -- _ 40 47
- Ist Ift 01.... _ - - _ la w
do Ist pref _ — — _ no flu
do 2,1 pref.... — — — — as :v>
■ S Ii»!IP Ist pf — — .___„,, (l 7
100 do 2.1 pref... ■ 34' t 84% 34i 4 84i; 33 BS'4 1
doCA X I cfs — - — _ 150 ],«, i
do pref ; — -" — —110 128
m 1. & B' west. l — — . _ _ am 214
i" 11 do pref I«V 163 .14 54 68 57
800 gloss Bn 8 a'- 1. 1 r..v r*i;i uk 89%j 88% 86
do pral ; — — v- — 88 108
01 •■ ■■ Southern Pac... M\ 87% 844 H«"kj m\\ 87
1001 do pref 118 118 I|H |n» '117 MS
1.200 Southern it U.. 21*; 22Vi 214 22'; 22 •>«';
"»: do pr«-f : 1J74 074 ! Btf'» «7 07 «H
! do M* O ctfa — I — I — — H2 (15
1.400 *Teno Copper... 40'; 41 40V; 41
1 Term Ooal * 1. — I — — — 143 1471%'
300 Texas ft Pacific. I 21> ' 29 20 20 20 •'»'*
1 do Ld IV — — — — 75 7!.
101 Third A\.« It R. 115 1 11.% 115 116 116 120
loo! Toledo Kya a i. 211 2il | 21} ' M 234 20K
400 To] st I. it \V 2!t\: 30 1 39% 80 2tt% HO',
200 do pr'f 034 OOH 5.14 .'..is (.'lt, 634
I>■ in City It T. — — — — b54 f(J
•I 11 Haic ft V.. — — — — « U';
- • Mo praf — _ — —&*%. r,7
240.130 liil.. Pacific... 148%1100>4 148% i.v> hut, i3o
2,100 do ore! 8P 86 HO it.i'j MS t'l' j
United ity lav . . — — - — as 874
1 do praf — — ! — — 50 57
l l'nlt Hy st i. pf — — — — 70 88%
100 'II 8C If X 374 .174! 374 374 37% 37«;
- do pref. — — — — ~i v,
IT s K*pre»s -— — — — Ijo net
•U S leather... — — — — I 6I 12
Mo pref — — _ _ ICS 112
IT S Realty * I - — -— -- 08% 7.1
*IT S Red & Ref — — — .- is ■-,!
: »do prsf -- — — — M !66
400 U H It. -i. ...: 42"-, 4.1 424 4-1 42% 43U
I'"' do Ist pref.... lOStg iOS% 103% 102 7 . 10ii'« n>2-,
210! do 3d pref..... 172 72 72 72 71', 7-.*'..
;t;i.<H»o r s Steel .... :i7V 3si; ,171; ns 3S .isu
s.(>">6| '1,, pref 10I»;|102'« nip k.^i ]o2'i 1l">i:
400 *(,'tab Copper... 28% j 2tt4 20. 294 — -Z
Vnndsllii ft R..1 — I — — _ SJ R7
1"" v«-Ca r Chem...| 28 )28 28 28 274 2S
— 1 <J0 P«* J — I — I — — 10» liOft
RAILROAD AND OTHER STOCKS.
chares' li Actual sales ■ | -Clojlngr- 1
,old \ 1 Open iHl«h; Low Fin.! BH.'Ask.
|Va Iron C * C. ; — 1 - —|—\ ** / •'■*
/Vulcan Detln..| —f — — — ! 4*4 * ;■»
gs UnSssSTf ::::::] >» I m »h| Jf. m j*
000 do pref. 23*; M 24 W MM 1 * 2«
. j Wells Fargo Ex. — — — — -,'J ■*
West Maryland. — — — — U >*
080 West I'nlon Tel. | «2T4 Wt 82Ti 83«. ! M2V| 83»»
i do pref — — — — l«Wi *«*
1 Wheel *I. E.. — — — — is 2
-— do Ist pref — — — 1 — M ?*
100 do 2<l pr»f..... 116 13 13 15 14H }*
300 Wls Central j 18' ii 184 1S& 19H g }».
-] do pref I- — — — 40 «»■
788.302 Total sales for the day. • Unlisted.
CONSOLIDATED EXCHANGE SALES.
STOCKS^
Shares I - I Open- I High- 1 Low- I Last
sold. ! ! Ins. i «st. | en. 1 sale.
25.600 Amal Copper .... j OSS 07? i »»H' J»7'*
30 Am Car & Fdry.. I • 374; 37% 37 '» 17 ■»
6.0601 Am Smelt IMS 180 S 134H 135S
4<>! Anaconda Cop ! «4 «4S 04 "i-,
2.370 At Top * F....1 84*«: BflH »4S MS
420 Bait 4 Ohio. J)S»4 BBH 1 OTHi 9t»S
680 Brook It Tr 00 \ S»%| 59 > 9»H
10 Can Pacific 170 1 ; 17fl'i 17fl'i 17«'4
20 Cent leather .... 294 28H 294' 2fr*4
80'Chea & Ohio 41** 41 \ 41*4 41%
2.020 Chic Mil &StP. , ISBV 1374 13A T i 1.17S
70 CM Fuel & 1r.... 33»1 36V4 35% i 8«
840 Erie ' 24H, 25 | 24<« 25
.V) Mo Kan 4 Tex... 3fi*4 37 :W< 37
120 Nat Lead . j «2V «3 62\ 88
336 X V Central 118*4 110*4 IIBV4 1 119*4
60 Nor Pacific I IS3WI 135H ISSH 135H
6.060 Pennsylvania, .... 127 123*4 127 ' 12S'i
ailO People's Gbs ' 83 ; 8.1 | 83 «3
lOlPreaped St-el Car. M» 86 I 38 | 36
Resdln* '. lll»i llU'i 11l I 113 l i
130 Rock Inland 21*4 22 <« 21*;! 22
8.4.50 Poufh I'aciflc 84*4 87V,' MS »7
110 South By 23 , 22U ; 21»« 22 l i
18H.7RO 1 Union IVIIIo ... 14« 150*4 ! 14.'.«4 15OH
10.330; U S Steel 37^4 3HV »TH 3<«H
8101 do pref | 101 lO2>*| 101 St- 102H
243.030 Total sales.
MINING STOCKS.
Shares I I Open- I High- I Iy>w- I I>tst
sold. I • I in*. I eat. ; eat. ! sal*. .
l,<W)<Acca?la J .O8 j .08- I .09 ' .09
700 Atlanta 77 .77 | .73 .73
100 fielshaziar ' 83- ! .m ; .S3 .*3
1.000 Hlue Bell j .25 ! .2» I .23 25
800 Calodonla 34 .34 I .34 I .34
000 ('hollar 12 .12 .12 .13
000 ton Cal * Vs ! .BO i .M ' .»» .02
2.of«>fC!omstoek SI ' .32 .31 .32
I.3oO:Crack»r Jack .24. ! .2+ .28 .23
1.300 Ooldfleld * 1.50 1.00 ' 1.45 1.43
8O(>!Gould St Curry... .31 .31 I .31 .31
75 Ontario 1 8.00 6.<iO : o.«*> B.SS
100 Ophlr 2. 80 2. C0 ' 2.50 ' 2.IM>
800 Pharmacist OBH .03H or,', .»» l 4
1.501. Red Ml! .m .60 I .00 .5»
1.000 Tramps Con ' S3 I .88 I .85 | .83
12.870 Total sales.
BONDS.
_ , I ! Open- ; High I I^>w- : I^»t
Sales. ' I Ing. 1 eat. I est. I sale.
SflOOiOomstock SB .. I 17 I 17 | 17 I 17 *
WHEAT.
B* 1 ** I j Open- I Hlxh-I tow- | Last
.»>"»"• I I Ing. I est. f e«t. 1 sale.
1.825.000' July option 1 84 | MVii 84 ! *4'i
OUTSIDE SECUBITIES.
The market for outside securities was more
active, and while, prices at times developed more
or less Irregularity, the general undertone was firm.
( Atchlson rights showed a material Improvement. I
Manhattan Transit was Irregular. Trl-Bulllon ad
vanced nearly *i point on heavy trading. Boston
j Copper was active, and advanced more than a
1 point. Batopilas ruled firm. Butte Coalition was ;
up \. Dominion Copper was steady. Niplsdlng wa«i |
i slightly lower. Cumberland-Ely and Nevada Con- [
solidated Improved fractionally. Nevada-Utah was ;
Irregular. British Columbia was down % A fair i
amount of activity wan shown in the Goldflold ;
shares. Bonds were dull and about steady. Th* !
advance in Tri-Bullion was due to Inside buying. :
the purchases being based on the company's Im
proved prospects and on new rich ore discoveries
on Its properties. Considerable realizing was re- i
ported in Manhattan Transit, but Interests Identi
fied with th« company were not sellers. The latter
believe the stock will sell many points higher, and !
they are advising their friends to hold It as a long
time proposition.
ACTIVE CITRB STOCKS.
INDUSTRIALS.
Shar , ps ' I Open- t Ht«h- ' Low- I Iji»t I
/o'd- I . ing. 1 eat. ) eat. | nale.
108 American Nickel.. 1 I 11 1 i i~"
100 Am Wr Paper rf.. 23 | 23 23 ' 23
Internet Halt .... 1 I 15 i 15 13
4. r«. Manhat Transit... *s*» 5S 5U J 5»4 |
2,800 Meerschaum B H| OH P V*
6.N i Transport ... 41 4 | 4 4
2; Standard Oil .... 025' i I C2T.H! C 25«, 0234
W«>)\\atorbury Co ... 43%! 43'*i 42»; 42»!
(W'HVllmaml.4 M. «S «S rtS 6S
2.100; Western Ice Co . . 33 ■» .13 83 83 Si [
RAILROAD.
Shares I I open- I High- I Low- : La "
» oIJ - ! 1 Ing. 1 est. [ est. [ sale.
3i\O<» Atchlson rights ..I V 7-l«! 8-18 7-19
I.3»Q!OHcago t«ubway..l 17(4! UH\ 17U| 17 S
MINING.
8h *"»l '"" I Open- 1 ll\sh- I Low- j Last "
■ old - I . Ing. 1 eat. I eat. ! tale.
SSS Alaska Mines .... 1 \ 1 i 1 j . '
■»'•• Arliona Amal ... Ri; BS ai: a si
'Atlanta (toldneM. ' 72 I 73 7.. Tiki,
!>■> HalaJiulaU I 1O>; I lt>>; 10»; 10>»
I.SBB Barnes King Dev. 4S 4», «2 «2
•!"U|tßetaliHsxar Gold. 81 I S3 I •» I 82
200 » Iv « MM * 8 CO. »3 23 83 2.1 $3 S3 $3 23
'.IW.Uonanxa Belt j S«;i 5Vi 5> 4 fti;
500 Bonansa Creek i>\ S2 * l>* '
B.23o' Batopllaa | s>, SHI BH Ms
7. 000 Boston Copper ... 210,! 80S I 2»41 So- !
2,Bo»»|tUr Mint M ill M : 1« 1 10 1«
1.888 Brit Col Copper..! 7'i 8 7S 7\
1 Untie Coalition ..I 27» •IN 1 , 27*4 2S>«
1.600 Huttu Kxemptton..] 11,I 1 , 11,I 1 , ' Hi n,
H"«> Butt- A !<ondon..i IS IS I*4! 1»»
«H> Hutte *X V i 4-, ' 4S 4i»i 4 s .
JUOUTiKiulta ■ lo'il I" 1 * li>'» ]»»,
S.Oti)j*i.\ibalt Central .. S.S »>'. 83 S'>i,
■•..lull* 1. Kxt#ns.. 2*41 2»« 2»; 242 4
Colonial Sliver .. .I>4l ;ii» 3 %\.
100 Crown King lUI I? 1 . 1««
4»> do pref si ss SSI :<s
'.'.*•!> Cumberland- Ely .. tt ! » » | <i
»*«». •IHumomlneM ' StJ ' 8U 3t» I SH
I,2oo; Dominion Cop ... rtS •»»*» ' rt 1 , ! *' a
4tV) Douglas Copper... 10"; 104 »\. 8»»
4iiOjEl Itayo ! * .i o*4 " 0»*
200 Ely Central I • ft'- OH RH OH
oik); Ely conaol i IS IS IS 1 IS
l.««>i Foster Cobalt IS. 15tft Hi 1 3 l.»
l.«<>.>| F>irn Creek Cop... I IV 11»1 1 » 1 v* IV
6U» t<Slbraltar '■ 3H SV 8 1-1* 3 1 16
«>0 GlrouK I !M» OH »> »
100 Golden Anchor I 35 ! B.V I US 85
1.0«> (;«Men Sceptre. ...I 17 ' 17 17 I 17
3.30»» OoMfleld Con 7 »' 7T» 7S IK
l.AOO'Ooldnel.l l»al*y... 1»8 200 ; 1 S7>» 1 J»7'j
lOO'OoldneM I 147 I 147 I 147 ' 147
B.oUO|Uold Hill 2 I 2 I it,' 2
l,3oo|fJre«n«-Cananea...l 1«'» MS M% I«SS I
NO j Greene. Con Copper 2 1 '4 2rt ' 24V 24 H
■:<* >ir«.«n« GoM ' IS 1 IS 1 I*. IS
10.330'Oreene Gold-Bllver IS M\ l'» IS
8001 do pref ' »>S ><S : ss SS
4ui Greenwater C0n...! I*4 \\ \\ I**
ROit Greenw &T> Val. I R<> ft* ' SO so
1.000 liumboldt Con : 1 1-16 1 1-16 ! I 1 16 1 1-1«
1.200! Jim llutler 100 I 102 100 102
1.000 King Edward 1' 2 ' 14 ( lV li
»l« * Concord... R2 I 32 ' ■ ' 82
2.500 MeKlnley-Darragh 1 » »«' IS 1 »-!«' IS
l.aoo Ml.-ma.' GoM i 4V 4V 4 V » 4' 4
4.ooo!Mtnra Co of Am.. IH IS I ', iS
I.SOO Mitchell ' 4' 4 4H 1 V»| 4'»
l7<xiolMoliawk Kxten... 22 ' Xi • 22 I 32
UH> Mont Bhoshona ... »H P . 0"i 9*4
I.lSftlaf of Costa Mem. .1 SH 1 8«» .tv 34
l,J>iK> NNvada con Cop. 14S 18 14S 14*;
»!00 Nevada Sm»ltln«r. 3 S 2% 2 T n
R. 200 Npv ITtah M* S. BH OS • OS RH
3.700 Nlplimlnir M C 0... 14 14»i 13*4 1 14
I.2OOitNlppeno «> 60 f,» j HO
l.OOOjtNorth Hullfrog. . 44 45 44 45
•MM* oi.l Ilundre.l 3V» »H 8U 3S
2.i»»»if|"tis li * Zinc. 89 83 84 84
100 Portland Copper.. H S S S
s.»on'tu-d mil «i «l JlMj .V.S
.'.<«! ItM Klnit 22 22 22 22
«»> Red Teak -2 . 3) 2 I 1
8.01 Red Top Kxten... 4."> 45 44 l » 44 1 i
- 000 Rellanrn M St 8.. 1% IS ■ \\ IS
1.000 t Sandstorm ...... '65 «W • 69 6M
000 Silver Queen 1% 14 1 l»j IS
100 Stewart 2'j UH 2H 2'i
l..vn» Tonopah Kxtt-n... SH :«H 3 S
I.HOO Tramps Con Srt 88 84 85
imi'tTrtaiiKlr 42 43 42 42
6 700: Trt- Bullion 24 3 2% 2*4
20 Trinity Copper.... 2.V 23 23 23
I.HIIO Union Copper 1 14 % 14
1.3101 l?nlted Copper «IS 82 »61 I «1"
1,&«|IT U* I> Va1.... 2H 28 254 3H, I
10»|I?nlon Exploration 8S 8S <*»» M
200 :\V Knob Cop pref. SH 24 1 SHI 2S
BONOS.
I I Open- I High- I Low- I Last '
BMsa I I Inc. I eat. | est. I sale.
S2O.ouo|Morn Tel »>» Int..! tt2V, »2V»| «2 V, 82
•iKld tots. tSells cents per share! *"'" ~
. •
COBALT STOCKS,
(burnished by Wills & Co.. 43 Exchange Place.)
Hi.l. Asked J ,' Bid. Asked
Buffalo 2.7(1 3.<M> Trethewey ... 1.27 I.3ft
Foster 1 *> 1.83 ' University ... 8.31 B.SO
McKin Par . 1.80 1.04' Green Meeaai .65 81
Kerr f.ake. . 4 «'• 6.00 I AmalgamatM M .ft>
M— t».. .49 .50 Central . 39 .89
Silver Que«n. 1.00 1.84 ; Ntplaslng .14 00 14.10
Sllvar ]>ai.. .14 .16 I
TOPICS OF THE STREET,
FOREIGN TRADING.-Foreign bosjscs were Bflsi
active factors in the local market, dealing In oalyi
a few thousand shares, mostly purchases, th« onl/
sales being in Union Pacific and United states^
Steel. In London the general market was dull i
The British money market was quiet at unchanged*
quotation!., but there was a good demand for jun3
bills at 2% per cent. The uncertainty regardhiJ
the French gold requirements was responsible fo*J
the absence of demand for hills of long maturity*,!
At the Continental centres there were no move?
ments of importance in stocks and money
MARKET GOSSIP -Interests Identified with W
Amalgamated and Anaconda copper companies ar»<
buying the stocks, and traders whose information!
comes from inside sources # a re bullish on the issue.
The consumption of copper proceeds on an enor
mous scale, and, according to D. Houston & Co j
the well known copper firm, consumers are takin
the metal with a regularity that indicates a health
ful trade situation at the various industrial plants
j where the melting down operations are carried on.
The foreign shorts In th* metal ar* making '
progress In their campaign against price*, and «cli
: •rs of Rio Tinto shares In London and Paris are it
is believed, digging a pit for themselves rather than
for the Interests which are buying copper shares on
trade conditions. There nppears to be something «C
a stale bull account In the local market for stocks 1
and Its liquidation prevents the maintenance of
rallies for any length of time. Nevertheless, moss*
houses advise purchases on weak spots. Crop con
ditions are not as favorable a* recently Indicated'
. by government reports, and the percentage state- 1
ment of condition which will be Issued on tbe iotl»'
of th» current month undoubtedly will show a ma-j
terlal decline, as compared with a month ago. Tot"
winter wheat, and In view of this probability tha>
stock market hardly will run into a bull affair at
present. Grain houses believe there will be am'
enormous speculation In wheat this year, and thas>
the course of the grain market sill be an lmpor«j
tant factor in shaping th« movements on the Stoclej
Exchange. New York Central stock Is not moving)'
in a manner acceptable to the bulls on the Issue,
but Its Intrinsic value Is not decreasing, a reflectioaj
of which Is presented In Its steady but quiet ab
sorption by Investors. The Vanderbllt and Rocke
feller interests are doing nothing to make the stock!
a speculative leader, and it is a noteworthy fact
that in the last seven weeks the weekly average'
dealings in it have amounted to only a trifle more.
than 33.000 shares. The New York Central has;
$72, •**.<¥>•> of stock authorized, but yet unissued. It
circumstances should allow, there Is no doubt bust
that the management would use this stock for tn«
financing that cannot be postponed beyond the en I
of the year. The preparation of a plan for th* !
Issuance of equipment trust securities provides th«
management with an alternative course, but proba
bly the one would have no more favorable effect
upon the market position of the stock than the)
other. Union Pacific's activity foreshadows lm.i
portant financial operations by the company. whle.V
are discussed In another column of The Tribune.
AMERICAN ICE COMPANY'S SPECIAL MEET
ING.—A special meeting of the stockholders of thai
American Ice Company is called for May 13 to !
authorize a change in the articles of Incorporation
so as to permit the company to engage in other
lines of business aside from the wholesale deal-;
Ings In ice. A special meeting for this purpose
was called for Monday last, but a quorum was noSJ
present and it had to be deferred. At that tim»
the stockholders of the American Ice Securities
Company approved the proposed amendments to>
the charter of that company.
NEW MEMBERS OF WHEELING & LAKH
ERIE BOARD.— At the annual meeting of th<»
stockholders of the Wheeling & Lake Erie Railroad'
Company. S. C. Reynolds was elected a director. BS
succeed Robert Blickensderfer. resigned. His term
of office did not expire for two years ye». The di
rectors whose term of office expired at the annual
meeting Wednesday were George J. Gould. D. R.
Hanna. W. G. Mather. E. W. Oglebay and C. M-
Spitxer. of whom the three last named were re
elected, and E. T. Jeffrey and W. H. Duncan wer»
elected directors to succeed George J. Gould an I
D. R. Hanna.
MORE CAPITAL FOR OLD DOMINION.— At a
special meeting of the stockholders of the Old Do
minion Company, of Maine, held tier* yesterday.
the proposition to increase the company's capital
stock by an issue of 12. 'M^ shares was adopted.
The shares will be allotted to stockholders at their
par value of $o*> a share pro rata. The issue has
been underwritten by some of the largest stock
holders in the company at KO a share, without
commissions. The proceeds of the sale wi'.l b*
used for working capital and to enable the company
to make earlier distribution of its earnings trial
heretofore, and also for the constructions and im
provements during the year in the way si in
creased furnace capacity and additional equipment
and acquisition of new properties.
VULCAN DETINNING.— At th- annual meeting
of the stockholders of the Vulcan Detinnlng Com
pany, held in Jersey City yesterday, the retiring
board of directors was re-elected. At a subsequent
meeting the newly elected board organized by re
electing the retiring officers. The annual report vt
the company shows net earnings of {£6.233. and a
surplus after dividends of $377!. T9G. The capacity
of the plants was Increased over 40 per cent in th»
year.
VAN ETTEN ELECTED PRESIDENT.— Edgar,
Van Etten. long- identified with Vanderbilt inter-!
ests and formerly general manager of the New-
York Central, has. resigned his vice-presidency of
the Boston & Albany Railroad to assume th« presi
dency of the. Icons' Acre Electric Light and Power;
Company, which is controlled by the Manhattan
Transit Company.
ADVANCE IN IRON.—T he tendency of pig Iron
prices is decidedly upward, and the Tennessee Coal
an.l Iron Company has advanced the pric*» of No.
2 foundry iron from $IS 50 to $19 Birmingham for
delivery In the last half of the current year. How
ever, the Tennessee company has sold practically
it. entire capacity for the remainder of the year
and can take little iron for delivery at any price.
BANK CLEARINGS.— The total bank clearing-*
for April of all cities in the United States outsiJ*
New York, according to R. G. Dun & Co.. ai»
}4,900,259.550. an increase of 13.9 per cent over last
year, and 22.1 per cent over April. 1905. New York;
clearings, were $7,667,523,614. a decrease of 10.3 per
cent from last year and of 11.7 per cent from April.
190u.
AMERICAN RADIATOR DIVIDENDS.— The di
rectors of the American Radiator Company have> •
declared the regular quarterly dividend on the. pre
ferred stock and the regular dividend on the com
mon stock, the preferred payable on May 15 an!
the common on May li».
ST. LOUIS SOUTHWESTERN— At a meeting
of the. board of directors of th« St. Louis South
western Railway Company, held yesterday. "William
H. Taylor was elected a vice-president and Arthur !
J. Trussell secretary. The question of a dividend
on the company's preferred stock was not consid
ered. ■ '*•
PIG IRON CERTIFICATES— Pig Iron certifi
cates at the New York Produce Exchange- were So
higher. There were- no sales. Prices for standard
foundry follow: Cash. 12390; May and June. $2323;
July and August. $22 50. and September. 121.
GOLD FOR CANADA.— Canadian Bank of
Commerce has taken $C»\(W gold from th» local
banks for shipment to Montreal.
GENERAL ELECTRIC PRICES UP.
The General Electric Company has ordered aai
advance in the price of electrical railway apparatus'
Si S per cent, effective ss of May J. This follows »j
previous advance of 5 jtfr rent made on February »!
last, makin* an increase, of 10 p#r cent In this lln«,
of isoods since the beginning of the fiscal TesM
Railway apparatus constitutes about 10 per cent of:
the gross volume of the company's business, or»f
say. about 16,000,000 a year. Last November the com-|
pany ordered an advance, of 10 per cent in various
classes of electrical goods, comprising about 40 per
cent of the total gross business. The present ad-,
vance ■will therefore mean an average of 10 pe*»
cent higher prices tor fully one-half of the com-!
pany's gross orders booked this year. -On the basis);
of the groan business for th» fiscal year just ••"*•*!
this would be equivalent to an Increase of- |B,oSa>Bßßl
a year In rscaSSSm
PRODUCE EXCHANGE STOCKS.
Trading in the securities? department of the N«*
York Produce Exchange yesterday w*» confined t<x
six mining stocks. The market was unsettled, wlta.
a tendency to §8 lower. Branch Mint sold dowaj
to l*Vic. ZH points below '■■» closing price of «•,
preceding day. It reacted later to 16. N p evafl^
Exploration Company was firm at Me. a half roin^
below Wednesday close, and Tramp Consolidate*,
remained steady at Me. The total iraa "f" 0"
were 6.900 shares, as follows: i v.i Branch Mint »8
14«ic and 15c. 1.000 Gold Bar GoldfleH at **.J£2
San Toy at 83c. 700 Nevada Exploration Com*M»»J

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New-York tribune. [volume], May 03, 1907, Page 10, Image 10
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