New-York tribune. [volume] (New York [N.Y.]) 1866-1924, May 30, 1908, Image 12

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New-York tribune. [volume], May 30, 1908, Page 12, Image 12
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New-York tribune. [volume] (New York [N.Y.]), 30 May 1908. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1908-05-30/ed-1/seq-12/>

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X 2
TREATISE ON OPTIONS.
Mr. Arthur Cramp. \mU> City Edtta* •« »*»• Tisam
«CM-rtbe4 -Optl»a»" ••
• The most fcicntiflc and prudent way of
excreting on the Stock Exchanre-"
Thl# »y»trm. all beach T»rr popaUr »■ th« C«aitl»eß»
•n« In America. l« o«t •• well knowa aaaoacat I»
•**i«»r» ■• lt» merltß inwflfy.
Wo hare JnM published • i»w Tr»atl«s •■ OU«
•i,l.frrt which will b* *ral JMMit fre* •■ «ppUc»tloa »•
The t»«-cTel»ry.
London Paris Exchange, Ltd.
BANKERS.
Basildon House, Bank,
London, England.
Or tr&m any «( >•• Brmnctaea.
R. L. DAY & CO.,
37 Wall St., 35 Congress St.
XEM YORK BOSTON
HIGH GRADE INVESTMENT BONDS
Municipal and Railroad
Members »w Tork •»)<
BoAtoa ftcrk Ezrbance*
BANKERS' TRUST CO..
CARNEGIE TRUST CO..
BROOKLYN TRUST CO
METROPOLITAN TR
DEALT IN.
CLIIMTOM GILBERT
2 HALL ST.. N. V. CITY.
Cnpqri nership Dissolu tion.
STATE OF NEW YORK. OFFICE OF THE SECRE
»O Tary at State. BB
Thl« certlJsc«Te. laaned in Suplicate. hereby certiflea
that the H. 'Webster Company, a domestic stork corpora
•ion. hat fii^'l in this oaloe cvn this nineteenth da% of
May. lf>OS. r«r*r» Tor the voluntary dissolution of «ucb
<" -rr oration BaMaK fecticn *7 <■■! Th» stock Corroration
lam. ana that it appear* therefrom that such corporation
lia» romrll*!J ■wiTh fail section In order to be dissolved.
Witness my hand anT the s»al of office or the Secre
tary, at th» City at Albany, this nineteenth day
[?'&■ ] cf May. one thousand r.me hundred and »l(rht.
JAMB? [» WHALES.
IVputy fecretar>- of State.
Dividend Notices.
UNITED STATES OF MEXICO
*<~r r.old Debt of 1004.
□tapaaai Sue June 1. iivt*. of the alum i-»nds will be.
jiaiii on [aia* iaailni at our office en ar j -after that date.
SPEYER & CO.,
24-21 Tine Street.
New Tork. Ma 1 . 29. MM
IOWA CENTRAL RAILWAY CO.
Coujvms dii- June 1. IPOK. from First Mort*fait» 5 per
cent, bonds of this company »i!'. be paid on and after
that date upen presentation at the cflice of the Mercan
1 la Trust Company. 120 Broadway. Xew York City.
F. H. DAVIS. Treasurer.
SOUTHERN RAILWAY PROGRESS.
An officer of the Southern Railway Company in
commentinc on the exceptionally favorable show
ing of the net earnings of that company for the
month Ol April yesterday said: "We had hoped
that th» net income from operations of the South
ern Railway tar the month of April would reach
SL.OOO.COfi. The final result fell slightly under our
•■xpectations. but the net Income of J362.240 was
the largest made by th<* company in any April for
eleven years, representing an Increase of $244,000
over the eorresixindins; month in 1997. This was
Bccomrjitehed in the face of a contraction in the
groaa operating •*>-.-.. of J352.100. leaving the
total receipts for the month at J3.936.30€.
"The main problem confronting us. in view of the
loss in cross, has been 10 cut down expenses in a
preater ratio than the decrease of gross, in order
10 provide net earnings sufficient to meet the stable
lactor ■:■: fixed charges. This has been done, as
fhown by the decrease in operating expenses for
the month of 1i.4t8.M1, or 26 per cent, while the
pross earnings fell oft 18 per cent, leaving an ex
pansion in net of 34 1 •: cent. The ratio of operat
ire expenses to gross earnincs in April was 75.56
per cent compared with 7.V7(i per cent in March
and **i.:-t "p«" cent in April. 1907. showing a cur
tailment in this item of nearly 10 per cent from
last year's April operating outlay.
"We believe this saving in expenses was made
•without failure to reasonably maintain the prop
erty, most of it having been accomplished by a de
crease in the cost of conducting transportation,
Btdcb in April was cut down 62.16 per cent."
TrtADI CONDITIONS IMPROVE.
DuaVa Review fays:
"Industrial conditions continue to improve, and
arra.nsfments have been made forth* resumption of
many" plants next week, while retail trade is in
creasod by reasonable ■reatber. Then Is still a
<Jegr<fr of conservatism regarding plans for forward
deliveries, bui sentiment is definitely better, and
jiropress is in the lielit direction, although slow.
Floods have caused <i.imac<-. but crop reports are
unusualK enoouraajrinaj. and higher prices for grain
lire d'Jt to lieht. supplies of last year's yield, with
thr. aid of vigorous manipulation. Mercantile col
lections are more prompt and money rates are low,
O*-Fj.iHi exports of $+>.<>• i.oi»t in gold and Treasury
■withdrawals of J45/'"!."". Easy financial conditions
abroad are indicated by a reduction in the official
rate of discount at the Bank of England to - l 3
per cent, (toe lowest quotation since August IMB.
Traffic conditions are slightly better, but railroad
•troat «-crni!igs for May thus far were 21.7 per cent
.' ■- than in the same month last year, and the se
curity market has jost ■•• of the recent violent
advance. Foreign commerce returns indicate a
further cain in International trade balances, ex
ports from this port alone for the latest week ln
cr*apin? Si.:iS4.l'Y. as compared with Urn swme week
cf 1907. while imports declined $4,573.^21. Real eAate
and building operations •"■■• gradually gaining, and
ihr leading manufacturing industries' receive larger
contracts. Bank exchanges at New York were 303
r^r c-ni larger than In the anon week last year,
and at o'her leading cities there was a gain of 4 8
per cent."
Eradstreet's VS.
•Weather, crop and trade repwts are Irregular
There are some rather ]es.= reassuring advices
from seme sections as to leading crops, due mainly
to excessive rainfall la wide areas; bad roads are
1 neOßGSary result of this, and trade in affected sec-
Uoss naturally has suffered. In other places,
•where a few days of warm, forclne aceatner have/
Intervened, trade is better, this ha many instances
being due to reductions, which have resulted In
large stocks of goods being cleaned up. There
Is a feeling that retailers' stocks are pretty well
reduced and that the fall season will atari in with
]"'"" clear shelve*. Taken as a whole, the East
ern and Central Western sections send best re
ports as to final distribution. Very poor report"
come from T«>xas. where mod] damage has been
dene to crops and railroads; Southern reports are
Of -lull tra<j«\ as .') whole, and heavy rains ha\«
*-vok«>d rather less satisfactory advices from the-
Northwest. In some primary lines of distribution
the better feeling imf.-d some time ago has be
come more widespread. Thus, in cot!«n goods re
ductions or advances In quotations have induced
more demand, and the same is true of leather. pig
ion. some kinds of machinery and railroad track
Fupp'ies. In some cf these the growth of the senti
ment that the oomer ha^ been turned is thought
to have <"ncouraced some speculative purchase*.
v -• the Ton«>. whatever the cause, Is rather better
than for a long time past."
BOSTON STOCKS.
<Fi;rnishe<i by R. I. Pay * Co.. No. 37 "SVall gtr»et.)
May .- 1 - May _* I May 2«. May 20
Bon i A'.izny . SOI 202 'Bonfjn C^n» ll 1 * 'in,
B^f:on Kiev *134 *133>ajCaJ * H»cli M <>7O 672
CJRi U B r.145 ■< ■ letsnia Mr. 22'« 22'»
y.trhbuir ;••' 127 '-" pper P.ar.ce M. 70 i 71',
•C V N H & H I^4 132^ j Franklin Mln St, «S
0M kmy If] 1O Granby Mil so" 51
W»« Kr:-i f>* P.y -1 , R3iij Mai Con Mln... IU 3'»
as pref WI l"2 iMohamk Kin .'.34 .141-
Mai>h El»cCc§.. *H J'"- No Butt" «2 «4'«
h pr<-f 44 44 1 n r«ola Mr vk «3
Am T*S «• T 0.117>, 117-- <v<J ii nm Kin - 33i« 334
?»>•*• Er.K TH .'lll 11" : Parr«l Mi:, 20 20
■«• M & t Co. •« '■ ■.■'::, I Mm ..... «| »-4
do pref •«! *«7 famarark Mln... .Vi 59
Ca Kh«v- Ma-~h.. '•3'« 53'j ; Wr.l-.erin* Min...l»> 130
do j.r'l 27 T - 27*»!i: S - •••• Co. 37 37';
Arcadia 111n... 3^ 3H '6c i-r'f 41 41';
Am ITeumailr.. 7 4 7'«jf S Oil . 23. 24'~»
do pref 1* 1' \!s- t C, M .-.4 5314
Atlantic M!n 1« 1'". | do pref M >.4. 4
Shannon Mln... 13^ 13'< ; t'tah 40 4014
l:.r,(r^«^. Mir. .. '- 7.'. ! fr.lted Fruit 13<->» 1394
•*».■ .
PHILADELPHIA STOCKS.
<Furr:i*n*d by Charley D Barney & Co.. No 25 Broad
■ ► •.'"•• Haw Tcrtc »nd Xo. 122 South 4th street,
l'bi:aiei r .fcia I
Bi«l. ISBR4 I B:1 Ath"i.
Am Olßent 3?- US I.ehiirh I'al PR di\ 81%
•Am Ry Cf 43'« 13% M»r«den . 1,» IH
Cambria >•«; 3o:« 2«» 4 ; Phlla <v , . afis,, 3!>'
Con Tr '♦ S3. ~'<K 7! : <lo r~^f 40 40> 4
Kler -• «•'-.-•■, Sl', : P-nn HH Co 9*% r.rr,
F!e^ Co <-T Am. I" 101, li*nn Steel C<. . . si «.'{
iJirinour.t 7a- '• ]•• , i n !i- • HI i*l
Ocr. Arpha:t .3 .*. IPhlla Klec ft, . . *S Mi
&f> pref 21 23 I PtllTj Rap Tr. .. us l*%
Jn« Co t» A. :■: 21 ! ,;! Fm'»l^e|»s^ fv.^ . . ft M
J-afce fur Ccrp. 4 S jfi ion Tr«<-t»on .. «1 lIU
<io pref 2". 17 1 Ir. <;a« Irrr Co. M"-* ?4\
I>-h:*-h Nay M fc " } IPMaaal Ca..... > 27
BONDS.
Anj Ry cor.v s*. ■•' ■- 9<? | phlla E>c «■ 70 -r-^
1.)" Sr P'O <s.. »2 ■-■-. <J" '• Ml jAPi
N f ron S* I'ts\ : : "' Phlli Co .'; 87 97»4
I*: Pa« Ry «c. l& Siijl
STOCK VALUES SHOW IMPROVEMENT
sgfass.l -•• io^iMßftSi^i{aE&. ?se\gs*\ -h^B^M^
— ■ ___ A]i rhl)m ... rr." ii — !>~T~"9 " 9 1 9*l >%| Vi 40 I Kansas City Southern pr •>? Bo 00 ,00 -•
1 1 %mM :^ 11 11 1 1111 iiiiiii 1 1 1 1 1 1
1 l^^^i 1 1 ■I H lvi .1 1 Iff I
is - fiSS sSS fill Af«l fi - 11 , 7 SB' r::::::: £ ffi fi Q8 »
1S « -^ S iSSfffi pt::::::::: §feS ;W f i'\ || . | Ng|SUf rip.V--- |.
100 _!* BMlilrlirm St.pl pr 40 4. 140 40 |39 40 , l«0 -— ,Pacm coast • J| g ,
UM ,12 Brooklyn Rapid TranMt... « g g% ;\| 4,". g% gg ! Fenr^lvtn'ia Railroad"::::::... &B M if, »J
160 ._ Central Leather rr 94',, 94', 94', : 94% 94V,j 9d 1- "T jSan Pal re c ar r~r 168% 158% 168% 168% 157 »•
"a :*s aart"AS!*==~:L : s ; wggi rJ » : SB sw &;; ssiai 5 s* : 2
J :,1 aS •;;S"^r. t T,ui.::::: am•% >i ■?•> •« «| «^Sa^.=~E "if l S*i Ti Hf ■£ "£
m i Cblcago. MIL A- Bt Paul pr.... l»Vi J»% -;3> 2 153', ia » . «J HI Iron * Stiri mi IT's 1 H% md »HU »
S - teKsaarssfflssp si si ] |. ! %' >ss ■« i Stir..*?** a » -1 0 1 a
UH - \ Colorado KuH & Iron 25g >' 2 26% JM, >, SM »» . _-* It iV&S F. C. &B. I. ctfs new, 51 51 51 B 51 55
m - S Colorado * Southern 31's 31V M% M% M; SElSii SOTth West. pr...l 32*! &u,| 32% KM 35 3fi
1 ipiiilllillll I IlilgiliiiJliii
I . Detroit United Railroad 1 11118 !; 1 1 I^#= 1i 81 1 1 1 22',
O. i ♦« *IMstUUng Securities 33 34 j33 X\ 33' s! 34 1; 1.100 Mi T«M * £j^VU"^ 57 '57i57 !57 5« MM
,]JS j - : - ; ;n; n ? llulh " mith Shnro *AtprSJSj SJ Bh 8m :\^av^r«:;:::::::; 3 W 5k Sd 33., 3 ?;2 Sg
:.4^o — % Krie ;' 2 ;1* -1* njk -» 2, »» . gjjj _^» .x- n ion Hap & Paper | 5 5 1 5 j 5 BW OMI
SM i **« Erie Ist pr W4 W4 3SU, BW4 W« sf«l:«|S R ■ Union Pacific ! 139^141 i 138:4 141 141 Ul%
300 +»i Erie 3d pr ..- v iPitiS^ i^u i^u i" ,'., ii"v ! < -^' -1 4 United Railway Investment pr. ' 39 »■ 39 39 !39 41
M .—. — General Electric Co 13^. 2 , 137^ 13.U, 13,4 I.^ 13.% | 300 +4 J-nited States Realty & Imp... 50 iso< 50 G» ! « 50
.14.7.V) 41% Oml Northern pr.-"- 12!» ! WPS" : £* 12?% 130 ; «*" 2 United States Rubber 'lii Stfd 24ti 24*1 21 125
• 4U704 U7O -\ 'Great Northern Ore «nfs » 59% 59 5S\ .59% 60% 600 >.% Un Ued States Rubber. ™£ ml 90% 90% 24% » N
100 4% »Hoddn« Valley r. ctfs 80% W. 80?, 80% 82 90 j »■ j* united SUtes Steel ... S*% 37> 4 3« ! 3J%| 3T'-4 -H
inn + 2 Illinois Centra jgad:: 131 131 , 131 '1-. 30 132 69.^00 A |« ?„* ZE H] K Ti^ 100% ■» ■» -?!' 1
1.7.0 Illinois Central nphts 3\ 4 3\ 3^ _ _ 3,.^» +1 v. h n n , „, ,u^ ,2, 2
2100 ; .:- Ilnterboroufrh-Metrnpoliian .... 11 343 4 £ " 3 * 12% I ; 12' «i isss Bte«cEE™3 1 aa- 22V) S5 I s
tSo -— Ilnterboroueh-Metropolitan pr". 32^ 33 32 32 32 321, 2.4^2 +1H Waba-h pr._ ............ -- _^| g l, 4 g» «fc »
100 +»i International Paper I 10% W% W% 10% 10% 10% -™ J^* Westlnghouse MfK ■ .4*5 ■ f/» |46 50 150 51
12 \l* iowa rn remral " 1P ..v.v:::::::::: r^ ; Si g| SSt " i& \+% IwestiSlhouse Mfg. Ist pr | 70%] 70%) 70.,; to*, 65 171
300 I -T* lowa Central pr.'/.V." 1 -"2 I 32 1 31 [ 31 I 31 "j 32 ; .—.. — . ;
S^S S^7T^47l^na^! I co^^re d^ S'IS^SHSK^r 'Ae^W perio, ,n M.
•Tnlisted. -■—-
ST CO..
"FDfAJfCIAL AFFAIfiS
STOCK VALVES HIGHER.
Prices Advance on light Days
Trading— Bank Holdings
Decrease.
A further contraction in the volume of trading
was reported in yesterday's stock market and
all indication* pointed toward a period of specu
lative idleness in the course of the r.ext re*
weeks. Values moved under the Influence of
covering of shorts in the greater part of he
day. Bho«1ngB ho«1ng at the close net gains In all the
leading issues, though material advances were
recorded in only a moderate number of shares^
The pressure against the Gould stocks, which
was a feature in the operations of the preceding
day was not a factor in the trading. Missouri
Pacific betas one of the leaders in the recovery
at a net gain of more than one point. Northern
Pacific and Great Northern again were bid up
on gossip of favorable developments affecting:
stockholder*, but Northern Pacific lost most of
its Rain following the announcement of the
regular dividend.- traders having been under the
Impression for some unknown reason that an
extra dividend would be paid. These stocks,
with Union Pacific. Amalgamated Copper.
American Smelting. Missouri Pacific, Reading,
Union Pacific and United States Steel common,
supplied the larger part of the total business.
and also furnished the chief price fluctuations,
the last two named issues being conspicuous
leaders. There was no outside buying, and '.ess
general interest was exhibited in the trading
than recorded on any preceding day in many
weeks. The weekly bank statement, issued after
the close of business, showed, as expected, a
heavy loss in cash and reserve holdings, the
latter declining .<?s.ri7."».:sTr».. < ?s.ri7."».:sTr». to $47,910,000. which
compares with $1i.7i£J.450 In the same week a
year ago and §(5,510,023 In 1906. In the last
two weeks reserve above legal requirements has
decreased more than $16,300,000. There were
no engagements of gold for export in the day,
but negotiations were under way which will re
sult in further shipments next week. Owing to
the receipts of gold from New York, the Hank
of France in its weekly report shows gold hold
ings of ?»>OS,< mm I. (mm, the heaviest In the history
of the institution. The bank's rate was re
duced to 3!--» per cent on loans.
Some Improvement is reported in trade circles
by the commercial agencies, but railroad earn
ings continue to show heavy decreases in gross
earnings, and in most cases in net as well, the
falling off in net being especially pronounced In
I the case of the Atchison and the Reading.
I Atchison's report for the last month was worse
than that of March, and the figures may well
make stockholders of the company doubtful over
the prospects for the maintenance of dividends
on the common at the current ."» per cent basis
established at the last dividend period. The
company has put into force all the economies
1 practical with the sate running of the road, and
Improvement In net income can only come
through an active revival of business or an
advance in rates, which apparently are out of
the question for a number of months to come.
The Atchison company operates a railroad that
runs through a productive .section of the coun
try. Under ordinary and. normal business con
ditions it is a big money maker, ami in recent
years it has treated its stockholders generously,
but it covers an area that Is quick to feel the,
pinch of hard times, and when depression comes
it is the policy of the management to pay divi
dends en a basis governed by the extent of the
falling off in earnings. It would therefore not
suprise the Street if a further reduction should
I Ik? Ma/ie in the disbursement on the common
stock. At the present rate of earnings the road
is making about H per <rnt on the common,
leaving a dangerously small margin for surplus
account after the payment of dividends at the.
current .". per cent level. Reading's earnings
are less favorable than those reported by other
hard coal companies, especially In net, which
; have lK>en adversely affected by the company's
apparent inability to keep down its operating
ratio, this item standing at ii 4.7 per cent for
April, as compared with 00.8 per cent in the
same month a year ago.
Railroad men believe that net and gross re
turn.s will continue to make p, M .r exhibits until
after the fall election, but they are beginning
to be more optimistic over tHe future and are
counting on an active revival In the country's
industries just as soon as political uncertainties
are out of the way. In the iron trade condi
tions are so much better thai Interests Identified
with the Industry predict marked Improvement
in all lines Just as soon as the outcome of the
year's harvest, can be reasonably measured as
favorable. Bond brokers see Id the Increasing
demand for railroad mortgage issues a forecast
of better times in the business world and they
are not upset because of the troubles of a few
railroads, which for reasons not affecting the
general railroad situation are experiencing^diffl!
culty In meeting Interest charges The trouble.
Uf /""V "'- G«uld properties ought^otHto
affect adversely the bond market except in th«
■-<• of the Gould securities, and even in these
i^ues there is no reason for despair over their
lesuea there la no reason for despair ■, v r h
trouble stronger physically and "n, , ' vi ,y ggj
investors are not advised to part \. ti, .-
SuSS G ° Uld SeCUrlUts " - "
IMPORTS OF DRYGOODS
Imports ud marketings of arygoods this week
witn oampartaooa, Mrere aa follov '
NEW-YORK DAILY TRIBUNE, SATURDAY, MAY 30, 1908.
NEW YORK STOCK EXCHANGE SALES— FRIDAY, MAY 29, 1908.
BOND MARKET SALES.
2000 rJS 3s Coup U>iaiOl%| 6000 M X & T Ref 45. 76' i
W<«o Japanese 4Hs .. SS ,10iX)<) do •■ i*>!?
MOO do M S" T i 60»i00 Mo Pac 49 iw«
1060 do 4s 7&?»|2ts<>o<) do i°>
.I<hhi Rrp of Cuba 55.103H 1009 do i"'*
20000 v a r, s Defd Ctfs 37 I(*V> do '1
i»H><X> X V City 4 l is 1 31)000 X V C Gen •»■ -,
1957 new 10!> s2OF. 80%
10000 X VB 4s crfs.-HiOS 2S0O) do '■•■',»
KKKKi A & Boa 3' 55...5 5... »r.' 2 ]3i>"i>l do •■• •.'.*
a©oo Am Ice Sec 6».. TO 1 I I<m>o do 1.. S Col 3',js i!V»
1000 Am Tobacco 6«.. 10614 I so>> X V X H & H
200Q do I".". 1 -* Convt 3»a ss
l>n«-xt do 4s ...c. Tl j 10f«> do oj™
13000 do 71 Vi 11(mm» do Convt Deb 6b.128*
4000 A T * S F A.]j I .VX»> do Ctfs Ist pd..133%
4s ?tpd 86 ,3'iKlO do 1-4
3r>of«> do (Jpn 4s 98 ] -'«MH> X& W Con 4.«... !»4^-j
l'i"io<> do Convt 45... 92 J 7000 do Convt 45... S.Vs
•+(<(*> do t>l T ii2(KK«> do "' ■*
UltXifl do 81% i 4(XKt do 8»>
2WHM> do (Vnvt 65... 102% 6000 do pC & <• 4s
5000 do 102% bSF. 85%
»XX) A Coast 4s sISF. Jt2'->i 2000 No rac Gen 35... 7" 1 *
Unmi do 1- & S 45.. SI i 3000 do 71
10000 B& <• Gold 4« US'.i KH"» do Prior 4s 101%
4<<oo rin PLE ft W "'•"<» do 101*
V 4S4 S SO I tioOit do 101^2
3000 do Prior ! -s.. f>2 2<<oi) nn & X Con 4s. !«7
;.UK» do Swn 3'-!> .. 89% 10<n) OB 1. Gtd R<-f 4s 01%
sO(>.> ,i, S.t 1 ! 100 i» OCT* St V lst.lol'.
5000 do 100(10 Perm 3'^s 1913... K'-'i
:■■•►' B RT 4s 729 i ! 600i> do «3
8000 Pk l_'n El lrt... 9»%I85OOO do Con 4s Ctfs.lOO 3*3 *
15000 CofGa 2d Inc.. 46 S9<HK» do 1W 7 »
anOO do 21 In- Ctfs 4.") 1 *: 5001) P '• C & St L.
3000 do 4-V« 4 l is A 107\
2.mm> do 45 I<W> Reading Gen 45.. J>s'*
2iK«r do Stpd 4'"> lftiKiO do 98%
2000 C& O Gen 4'-s.lOii s * 2000 do »*4
30110 do 10014] *"km> do 95%
Kirn <* a- Alton 35... 74 ! 4(>fH> R W ft <^c 55...110K
l«K"i00 C.'&" V. I Gen 58.1174 IWh) St L Ir Mt & So
liMMMI c 1;- Q .It 45.. !<«4| R& G 4s ... 83
BOOS do 06% ■ 5000 SI.4SF Ref 4s 72'«
flKMlft (Jo C,rn 4s CtfS 07 1 11000 do 72 l i
1i««(i do 07 I 2»Oo St I, Swn Ist 4s. «■*',
Bn<«i<> do »7V41 200i> do Con 4s 08
2000 d.-. 11l Dlv 3%s f»S7»| 2<:«» St P M & M Ist
Kh«. do 4o 101 I Con 6s 12S'4
3()Of> c M A St P Gen J 1000 Pc V & X E 4s. !>.T»
4« A 10214 3f>Oo Seah A T. Ref . r .s. Sfi>-i
3000 do 102 |140<x> ?o rac Ist R<f4sni'i
4000 c R • A- P R-f I l'Hdi T C I & R Gen .Is 07
4a 87% 1000 do 07 5 i
200 ft d< S7»i 10(N» TP ft W4s R2'»
.V**. Rio S7 i !<«■«» Un Par Ist 45....101%
fil^Hl do RR4a •!<*! i 3000 do P.r-K '■>'■'*
f,<>»o-. do Co] Tr Tis... 71 !2.*ioo<» do Convt 45... OOU
10000 .■"■ So Ist 45... SO : OOrtO dr. 9»\
1000 Comrtock Tun 4s is ! 4f«1« do JtO'i
13000 T> &Ft c, Con 4s. 02 !3400<> r s Bte«l S F - r is B6
3000 E Term Vn &Ga lIROOO do »'.'«
con Ist r.s ...10S% 13000 do ft" T «
1000 )•;•' El X V Convt 710<K» do 0."> x i
5 100^4119000 do JV?
2fKiO Erie Convt 4s A. RO'4 2000 Va ft SWBa . 107:4
4iiihi t>.n 01 ', 'lIWIII Wabash Ist .".'"...104
1(«>O do .. «1 ! 000 it do 2.1 r.s 02
200n c,h II 1;!'1 ;!'- Ist 80.. .109%] lOiiO \do I»«-b R !">♦
1000 Int»r n T Notes ' .ViOfl do ."4 *
ctfn lOOHI IOiTO do .'. US
Sdoo • ioo ' 1000 do r>.', ! 3
].%00i» Inter-Met 4%5. . «7 ' -*000 do T>f & Ext 4." .'.2
11000 d,> 07 « A 1 10000 do .*>2'2
IMMtn rio fi7'*l2.V>no do ft.l
770fi0 do «7' . r >fiOf) do .13' i
loco int Paper fis 102 ' 2000 do .. r 3 ii
4 v, Ke n Cent 4s .... !»3% f»00O do .13 1 i
.•UVk> X <'o El 4s Stf"l SI ! ,'.Oim> dr. .%3^i
.'.<««■> I. ft X V Ist 4s. 07 220<V> Wall Pit Term Ist 45
3000 Lone I?l Ref 4s. •>?.'* WHtO do 44
2000 Manhat Con 45.. BfIHWOOO do 4.'.
2000 Met Kiev Ist fin. 102% '20000 do 2d V>\
3000 Met st r Gen r.s 7* [«0000 do lOH
Rnnno \t<v Cent Con 4s PT.%1132000 do 10
3RikV> do P3UI2WIOO do f> i
a.Wlf» do ctfs *'."«. 1000 do io'i
innno do 85 [lfiUfOO do 9%
mono do ram .wtii w r f * re... ."4
SMtnO do S.Vi! iflOO West S FSo SO 1 ;
iooo do let 1nc.... if- 1^ lfHVt \v AI. X Ist con
2<W> M X * T Ext r.s. 101 I 4* 63
r.ivoo do Ref 4s . 75% '
Total sales of bonds. (2.316.000.
GOVERNMENT BONDS.
The following shows yesterday's closing quota
tions for gfivprnment bonds, compared with Thurs
day
-May2«— —May 20
P.ld. Asked. Rid. Ask».l.
I" p. ?s r^ei=?»rri. IJ*3O ln^'i 1O» 'lfi.T. 103%
V. P. 2?. coupon. 1030 . .103% I"4'j 103%
I*. f=. Bs. recl^tered". 10IW . 100% 1">1 ' 2 1"1 1"! 'i
V. ? 3s, coupon. inofi ioo\, 101 I^. 101 101 V4
V. P. 3s. email bonds likv, — irvrn,
U. B. 4"=. re<!st»rrd. 102S 12" 121 i2o'^ 120%
C S. Is, coupon, 102T> 122 — 122 —
Pnnrima Canal Is. registered.. 102 — 102% —
•ft interest.
AMERICAN SECURITIES ABROAD.
London, May 2?. 4 p. m. The market for Ameri
can securities -was strong. Last quotations follow:
I/iniinn N. V. X. T.
close. equlv. close, Chances.
Anaconda S' * 40'; 39% 4 «i
AtohlFnn Sl 'i 70 1 7f>'- — '-
Canadian I'a-Ifli- I<?2 157% IB7H • l *
St. Paul 133 12!t'i. 120', 4 -»,
Erie- 21 % 21', 21 S — '*
do Ist preferred 39 3* 3« .
Illinois Centra!.. .. 133 Il'O'i 120 4. '4
I.ouisvi!l» & Nashville. . .107 1 -. 104"* 105 — '«
X»w York Central .... 105 101 % 101%
Pennsylvania 81% lin 1 - 110* 4 »»
Readinc 56*4 II"'. 110- . _ »>
Pouthern Pnrinp S.'.> 4 S3 S3
Tnion racine 143% 1*9% 130'; 4- »»
United States Steel 37 1 * 36' i 3il T . 4- ',
do !.i-f>rr«vl 103 li^s, 100% — ',
FOREIGN" MONEY MARKET.— CaII money in
Ixin<inr'.. Hil 1 ; per rent: cjien market discount rit»
for short bills, l'H.f/l per rent; Inn* bills, l» fji\
per cent. Berlin discount rate. 3% per cent. Paris
discount rate, 17»1 7 » per cent. Paris exchange on
Tendon. 25 francs 12^t centimes. Rar gold, 775.
lOVid. Berlin exchange on Iyindon, 20 marks 41
pfennies.
FOREIGN SECURITIES — British consols for
money, S7\ per cent; for th» account, 57 7 . French
rentes, 95 francs '.*'< centimes.
BANK OF FRANCE HOLDINGS.
The Bank of France, in its weekly statement re
ports the following changes for the week:
Frnnes.
Gold holding Inc. (SH.son.ooo
PlKer hoH!nKS Inc. 1.775.000
Notes In circulation Inc. 11.200.000
General deposits In 210.425,0fKl
Hills discounted In- 105.R50.000
Treasury advances Inc. 200,000
The detailed statement compares as fo'lowa
franca
Iflrtfl 10^7. ]>.«
Goll 3.043.01 1, i«ii 2,«47.151.2M 2.&41. 176.1)73
Silver 0m.f104.0n0 O^s >41.«71 l/n8,253;7«H
Circulation 4.7 M.219.000 4,753.1>17.AA5 4 .771 ■ 77 .....
General deposits.. 711.1W7.0f10 574.381 r>93,97<5!-tRS
Bills discounted n!»3,715.0ri0 1,137.41Vi,33S <xtt ...;» :,-,i
Treiißtiry ail 107.374.000 153.f)00i014 21.V82»,818
The most Important Items In the Bank of France's
return at this date in years prior to 190fl were .is
follows:
l"r:in--<i
Cold. filter. Circulation.
l«9B 2.1|7A.M2.n2A l,lAnOlff.A74 4.205,R«?J.3J5
••04 .... '. 2.73.% .207.4.1 a 1 |25.427.7 in 4 n». :■-:. .v.
!'">< ... 2,301.3n7.WV. 1,U7,ia«,032 4.2*4 1130
]'•"-' .... 2..Y74 770 »*4 1. 117,037 4.04. 1U2.110
The hank's sold holdln 'i, are larger thar. ever
before In Us history.
INACTIVE STOCKS.
The following were the Jast actual sales and the
closing quotations for stocks in which there were
no transactions yesterday on the New York Stock
.Exchange:
L*»t Closing,
pale. Bid. Asked.
X I of C pf. «■"« — «•
I Lac Gas »o'i — 100
i do pref ... 9O 5(» 9<)
L E & W. . l«»i 15 19
, flo pref.... 42 40 45
I Lake Shore. 300 275 —
Marine *'* 7 9
Man Beach.. I"* 2 »
Md Coal pf. 90 75 —
•Met St Ry. 27 23 30
! Mich Cent... — li-> 10.1
M * St L. pf 69 67 70
M SP&SStM.III 110', 112',
d. pref l.Js>i 132 1 137
!.MK4Tpf *00 T i •"'!> «2
Nash * C...113 11"» 120
I •Nat Bis pf.HSii ll" 1 , 1144
I N E & Stp. (»'» 0' \»
I do pref ... 77 7<> 7f>
; •Nat Lead pf flO'-i DS»4 *»«V
I New c coal. :<."> 2"« 4<»
1 NYC*-£»tLlpf.lt'2 95 100
d.» 2d pf.. 75 71 75
X V Dock.. 2S 2* —
' do pref 74 73 —
XYL. &W — 117 12.'>
X Y«X J T.IOB l<7t 110
! Nor & West. 6{»-» 67<*i <&'.•,
do pref SO 70 go
(Hit Silver... . > i «4 B
Pac c Ist pf 9<> W I<n>
do 2d pf.. TO S<> I<X>
Peo A B 19 17 -->
I- C C&St L 714 70 75
do pref 92 1H» m
Pitts C0a1... 12 11 I'
do pref 404 44 45
Pr St: Car.. 27 2«»4 27
Quicksilver . M 4 . 7 »
do pref 14 1 5
R R Pec S6 — R4M
Read Ist pf. 87 81 »« ■
R W-* 0...114' i 114 11«
Kut R Co pf 2f»'4 2»'.4 M
St J ft I} I. 13 12 20
do Ist pf. 3!> 35 45
do 2d pf.. 21 19 3<>
3I.&PF lßt pf 51 50 54
doC&Elcfs.lOO 120 i:><>
do ctfs pf. — — l."><>
Si L * S \V 144 15 1«
Scam-R pf . . 00 SJ*4 01
S-9 8 & I pi I>."« 9" !•«
Tol Rwys&l. 10 0\ II
T St L. & "W lO'j M 19
do pref.... 44% 42' 2 4"'i
T <• R T... 9i>H «»4 M
•i: B4ppf 58 sr,t 4 ,V.» 4
In Pac pf.. S3 82 S3
I' P.y Inv... 21 2t>4 23
I' <"i* M pf 91 S."> !>.'.
V S C IP&F 27-» 27 27
do pref .. . 72>i 70 75^
T" S Express So 70 So
•US Leath. 12 5 12
•do pref.;. 100% P"» 102%
•I 8 V. & R 12 ft 13
•dr. pref. . . 30 22 2*
1" S R 2.1 pf 5S ,V«i «1
•Itah Cop.. 30" 304 314
Vnnoaila R. «i — J»5
Va-car Ch.. 234 23 23 7 ,
do pref .. . f>74 97', Pit
Va I c * C 5O 4S 51
•Vulcan net 3 4 4<j
•do pref . . 2« 2 1 * 55
Well»-F Ex.2SO 2-'.O S'W
West Md . 12 11 12'»
Wh .<- L K. ft S 0
do Ist pref 154 14 17
do 2d rref 10 <> 11
Wls Central. 17' i 1«4 17
do pref 4O 39 414
La«t I'loelng
sale. Bid. Asked.
Adams Ex.167 16-S 171
AmAgCb pf 86 84 8«
•Am li 9 pf 77 7 i 7."> 78
Am Can ... .*> 4\ SVi
do pi-ef. . . MH 54'» 55
Am C&F pf !>7 !)6>, 97
Am Coal. . .121* 100 " 150
Am C Oil pf SO SO 90
Am Dist T. 30 — 38
Am Exp...100 I<.l 2<V.
A H & L. pf in IS 19
•Am t4n. . 11 » 10>»
•Am Lo pf.103 102 109
•Am Snuff. -IK) I.M) 220
•do pref.. Vi 00 100
Am Stl Kdy 7 <\ 6',
dr. pref... 34 3.1 39
•Am S pf..125% US 139 j
Am Tel & C fiOl^ 56 H.*.
Am Tob pf. Oo'i PO t»2
•Am Wool.. 28% 21 28
•dopref.. 87', 87Vi *•*"•»
Ann Arbor. — 20 30 I
do pref... — 70 80 I
Atchison pf 904 01 a.
Beth Steel. . 19 13v; '•"•
Hkln I" <;..110 110 120 I
Brunswick.. 9 8 JO's
11 H & 1". . 91 7i» i»:> 1
do pref.. .105 108 — i
Huff .£• S pf 64% — fiT. i
Can So H2 t b «2 <53
C& S A T.l<>4' 3 100 110 I
Cent I.fath 33H 23^ 24
Cof X J. !.mi 175 IK
Chic & Apf BOH 55 60 1
»-' & El pf.11.-. — ISO
C B & Q. .228 150 240
C G \V pf A 23 23 24
do pf R. . !><.i Si 9H
do deb... 60 4S M I
C X * I- pf — 40 »O ■
•CMASPcfa 122's 12« 125 1
C& Nw pf.^)4Vi 2011 2"5 I
cSt PM&0.13« 130 139 1
do pr«f. . .1(55 160 lfi.l I
Chic T Tr. 5 4 R
do pref.. . 19 10 2.
C C C&9t I. 57»; 5714 •"•"■ V
d., pref. . . 904 tHi 9S |
Cleve i- p.lMt> I«2M — ;
Col P i I pf .V> 41 fiO ;
C & H C*l 21 SO 21
Con Coal. . . S9'j Hi »o |
Corn Pr R. IB l.~>v; 16
do pref... «H4 68 714
Pel & H. ..1.",6 156% 159
D L & W. .500% .W 939 !
D m & 7- D 11** 1" 15
•D S S * A 14 10 14
Ev & T ft. «2'« RO SO
do pref... 85 80 100
Fed M «• 3 8O 70 80
do prrf. . . 73 72 7fi
•Fed S pf. «> H8 SS» j
Gen Ch Co. «5 f.S R5 I
do pref... SO !X> 10i>
Granbv M. . 02 00 «.'. '
•G N *übs.l2« 12514 130 I
11 a v El Ry 23 23 —
do prff ... 74 7<> 7.". *
Hock Val.. 7!>i£ M' 484 I
Homestake 78 75 7B<4 1
Inpr-R Co.. 5114 .'><■) —
do pref. . . .M'j PS . —
Int Pap pf. •"« "•" B"
•tnt Power. 33 22 .■>!> !
Int Pump pf 724 71 73
Kan A Mich 30 30 42
Kan C So. . 2-'t^ jr. 1 -. 24
KCFS*M pf 68 63% 67
Km ft !> M <*'% 5 8 i
do pref.. .25 20 30 |
•CnliF'ed.
MONEY AND EXCHANGE.
MONEY MARKET — Money on rail opened at
J\ per cent; highest, l\ per cent; lowest, I ' 4
per cent; closing. l@XYt per cent; last loan, 1 'i
per cent; ruling rate. 1% per cent. Time money
was still quiet, with requirements readily sup
plied. Rates were 2^ to 2% per cent for sixty
days, 3 per cent for ninety days, 9% per cent for
four months. " i-2 per cent for five months, and
3% to Z% per cent for six months.
Mercantile paper was in moderate request, con
ditions governing the market earlier in the week
■till ruling. Rates. Z% to 4V* per rent for sixty
to ninety days' indorsements, 4 to A\ per cent
for Choice four to six months' single names, 5 to
fi V 4 per rent for others.
FOREIGN EXCHANGE.— foreign exchange
market opened steady with rates almost unchanged
at 3.57«5rn 4.RTM: for cables, 4.5720 bid and asked
for demand sterling and 4. 8665 #4. 85*0 for sixty
day hills. Short francs were quoted at 6 15% less
I-."..' and short reichsmarks at 95 7-16. The mar
ket was dull In the morning with quotations hold
ins steady. At 1 o'clock the market was un
changed from the morning at 4.574f.i3 4.87 i, for
cables, 4.8720 for demand sterling and I.StHQ
4.8555 for sixty day bills. Short francs held
around 5.15 leas 1-32 and short reichsmarks 95
7-1 fi. The market sagged off a shade in the after
noon, and demand sterling was quoted at 4.87150
4 8720 There was no material change In other
classes of remittance.
Bankers' posted rates were as follows:
Sixty days. Demand.
PtTllnic '4.86 4 ss
Germany, relchsmarku 04 T i O.V-»
Paris franca 5.17S 14»»
H'lKluni. fran. 5 20S B 16i 4
Swttzarland, franm 6.10*1 6.1«' 4
Holland. RuildTs 40 1 40S
- DOMESTIC EXCHANGE Boston, 5c discount;
Chicago, 4- r .c premium; St. Louis, 50c discount; San
Francisco, sight 10c premium, telegraph 12^c pre
mium; New Orleans, commercial 25c discount, bank
$1 premium: Cincinnati, 10c premium. Savannah,
buying 3-16 c discount, selling par.
RANK CLEARINGS. New York, exchanges
1297.684.106. balances 512.637.M3; Chicago, exchanges
$33,380.72*. balance* *2.880.4»7: Boston, exchanges
122.800.718. balances $1, 435,946; Philadelphia, ex
changes $18,431,901, balances $1,880,741; Raltlmore.
exchanges $3,754,177. balances $414,102
SILVER MARKET. Bar silver. 53c. Mexican
silver dollars. -He. Par silver In London closed at
Ci 1 16d; advance. 1- ltd
GOLD PREMIUM In Madrid, IS; Lisbon. 13.
MEXICAN EXCHANGE Mexican exchange on
New fork Is quoted at 2.02 c.
GOVERNMENT RECEIPTS. Customs receipts
reported from Washington, $795,308; Internal reve
nue receipts, {842,559; miscellaneous receipts $42] -
110. Receipts for the day. $2,068,978; expenditures
$■ »<. OOO. Receipts for the month to date. 54-
698,062; expenditures, $54,658,000; excess of ex
pondltureb, $11,969,948. Receipts for the year to
date, $51>">.4pi7,H9; expenditures. $610,011,712; ex
cesH of expenditures, $63,604,563.
SUB-TREASURY. -The Sub-Treasury was debt
or to the Clearing House $1,331,352.
FOREIGN GOVERNMENT SECURITIES.
Bid Anked 1 in,! K . k|>li
tirr crmt SHI &> T 4 &\ | City of Mm «i •»<* " 00
Hay pnvt 45... 804 IO»«* ■ Its 01 Auks 45.. US'* $Sl
Hobs iOVI .l-.S VIS f-2'iflity of F-fi IHI MS MS
Hamb H»1 ]• W% t>l T «|Mex joy | W ficlOO'. 101
C3ty of CoM»-. W-» \i\>*%- - ■*
• ■■. - OUTSIDE SECTJBITIES.
• There was a decided Improvement both In the
volume of securities. Th" bulk or £• ««kjt
for outside securities. The bum 01
wer. concentrated in about Mt • ;7 n _ ' rt
The ...ininc share, were und -r het '^^^ r , f
strons on the * nno "^ em ; oul< ; h £ paW Greene
unchanged.
INDUSTRIALS. _^
2.sOO|Ray State CM...-I I«jJJ 1 1 1 ,fi 13^! * m
200! Manhattan Secur.| 13"»| »T*l «■■» 6
300iranima Cement.. | *> i • . — .
RAILROAD. (
s^ij iiftsiastaaiigj
' eoOlCnlc^ gubway.-l 2041 «>^l -^ |
MINING. _
SOOI Alaska Mines Sec. Hi ;. 16 / j-^j {-
300 tAtlmita Oaaanaaia '• ■• | » % | * 4 |
.;<■») Rarnes King .... » r v ,-, ,! 0-*
500 i Bonanza Creek ... «* '»* 11N if,
600 Boston Cop 11 ♦ "3 \ 4% 47»4 7 » .
2.". Brit (.'..liim Cop.. ♦• •» a 2T.-V,
400 P.utte Coalition .. 23* -> "» ;<IV .-.,,, |
11.500 tcrbalt Central .. 30 l 3l 3 31 * ft M
4.000 tCombina Frac .- •■' ■■ ,\ 7. % 7"i
300jCum-Bly Mln >„ • i* 7 \ 7
20(t Dolores Mm »£ L^\ libll 15-1* I
1.500,' p. mln Cop '• i : 1 % j a
SO rvivglaii Cop .... • '*\ 3 ! .1
4.-.0 Florence *■» " ,-, « 2
2110'Ffftter Cobalt .... ■ ; ;! 5 StS t
anojtFur Creek Cop... » ; a» J^, 4 j 3S
120|Glroux Mm *» • »* 4^ » *-»
4.300 «oMfie!ii Con />'* \ »-* . go*, j>-»
l,W|tGoWfleU Palsy -■ M JJ Ei f | »
«0-»itGoldfleW Gr Bend - i" -• -' 1 „
an JGoMfieM Sil I** l-t ' \ » , V,.^ :
40<» Greene-Can •♦*" v ?\ f» x 4x 4
■J... <;rren- Gold ,4 1 f -,
;^re? OldHI1 : 6^ ■£ I**
12.n0.- trireenw Cop Saa. »\ » 1 •*l ?
7O(. Indian Val Con... » •* ! • 6 */ V
l.snn King Edward .... [ H " * * , 2^
1.000 Klt<-h<-r~r VI \ «J | »; i t
7.% Mx Explor AM! .1 • ) '.} '
MtlMli ia* Mines .... 3% SJJ » * »*
200 Mlnea Co of Am. ' I** 1 J-I*! l'» 1M"
I.sof>|McKln-Dar \ «* | Ji *J A; 1 ,
Montez of C R...., 2.> 2-j IJ -.
BOOfNev Con Cop i ll'i l-\ ."* " •
1 2oO| Nev -Utah M A P 3M« 34 3 t-16 »^»
11.500 Nipl-sin* Mine, Col 7 T% • • •»
20.0r*> North Butt« Ext. 1*» I"* Hi" -* j
MtKOtHo copper , 2% » -** I » ;
.V-.OOM Hum) M1n....| *j •* "V "* ;
4.ooolpenn Wyoming .. 37 ! 3. 8. | 3.
•M 1 Precious Metals ..| » 1 1 ■ -'i .1
lfO tKed Hill ! II I " IS I ls .
1,200 Stewart I ** I % *♦ | -■;*
20 Super A Pitts.... US ll's Il'S! "''
.TOO Tonopah Bel^■.on^ 18 1* *1 '*> 4 1"> *«| '•► '*>
2.6oo!Tonopah Mont ... $1 « »1 43 *1 37 *1 41
4.o>i«">lToiio Mln Of Nev. I 7 T » Ml [ .*! '»
Tramps Con l'i 1 ?I 17 | I*'* IT
1.2001 Tri- Bullion 1 1T » 1T<"!1 T <"! ' " i?
10 Trinity Cop ' I.". 1 * US 1"'« "'* :
T.jvra Dot pref.. 2 1 *! 2% 24 2H <
,100 tnlted Cop 7 1 7 i 9SI •* I
tVnttcd Rico . ... 2S i »-- 2* - » I
1«» Utah cons-.: | 4O ; , I 4O' 2 4'» ? i 4»>i
WVi Yukon Gold Mines | 3 V " '♦ •"* j •'• a «
BONDS.
I 1 Open- j High- I Low- j L.ist
Sales. [ I int. I est. 1 est. | sal-, j
15,0001 < v PS 4s reoptsl l»Si lO', J 10 : 2 : 10 -,
45.000 N Ryu Mcx 4»wij "7 I .^7 ; 83 i »7
jO«>.O»x>; 00 4 i w i I 01*4 1 fH** j O4'i| t>4'»
4.01 V. i x Stl^&W col tr 4s | 7! ■• 71**; 71> 71^«
525.<X« - >]Tiil»-»- •> p c notes! 0* ■» •.»«•-. »7 l »! i>- ■»
•Odd lots. fSells cents per share.
.
CONSOLIDATED EXCHANGE SALES.
■ i
STOCKS.
Shares! I Open | High- ; Low- | Last
Bold. I . ins I «st. , est. I sale.
6.0901 anal Corper i M | «4 V 4V 4 63H| '"►* *
«i|Am Car a Wry.. ST.**, 3H ; •'!.'• : * 35
Ji> Am Beet Sugar. . IS j Is , 1 H i ls
Am Cotton Oii... 3" ; 4 30' ii •!<• * 3O'»
130 iAm Ice , 2SSi »•* 2 . 1 *) ->'•
til Am nmtiv*. . . . , 4S j 4"> 'i | 47%; 4S'»
6.44" Am Smelt 7.; | 7:;", ~-~* < 73 |
10, Am Sugar , V*% l-» l^y'tl I^»'* :
3l«», Anaconda Cop I 4O 1 41 '» i »•> 1 41
44" At Top 4: ? ¥ j 7:>' 1 * 90« i 7»H| 8»*«
Balto & Ohio ... j s.s | »»'i| K% ST 4.
2.riojnklyn Rap Tr.....i 4S j 4^'» 47 1 .; 47' a
•J'< Canadian Pacific.. | I.*>h 15.> j 13* | tM
2,tKH»JChes & Ohio | 43 '» 44 7 » 42 r »| 44 f i
3C>|Chlc Gt West I HH 3*3 * j «*♦ "'* I *'* ;
3.74<> Chic Mil & St P.. I 1-1* 1 ! 131 j lL"i> j l.t'»'i
710 Col Fuel & Ir a* I'B^i •- .'» :»|: »| -• ;
lOlCol Southern 31 | 31 j 31 ; 31
»*<•' Distillers' Sec , 3.1 '• j 33Si XI | CC? 1 * :
2.-.1. Krie | 214 i 21**! -'^i 21*4. I
2i», do Ist pref I 3->'-aj .TH^J 3.S',| 3SV» ]
•I*, .it North pref I l^OVj, l.;>' 4 IJJ»'. H»*a |
70 Inter-Met | 12 | l- ; 4 12 | I2»i j
270 ; do preferred .... 1 32 | 3 - J T » j S3 | ."-'» •
><>, Mexican Central... I 1*514 | l«'aj I^'» l.i ; » '
.'.I. Mo Kan & Tex. ..| 2'". ; i i at^i 2rt'2. -<• •
2.4.'i<» Mo Pacific I 4« l 3;l 3 ; 4«. ; 3i tTMbI 47 f »
220: Nat Lead aft | >*> » , «'• 2 «« i A
4".'» NT Central ! 1"1 4 « l"^ ; a 1"1 ' i l<rj'j
1501 N T Ont &\V | 3»\ .°.f<", i »>, :>-, ,
8.700 North Pacific . ; l.U'.j l.W* i 133% V'.W
40 1 Pacific Mall 1 2T.«»|. 25U| 2T>'« 1 2.V*
.-.HI Pennsylvania I llt» , 11!» T » | 11S» j ll»%
26,300 ; Reading | ll'C, 111 1 -! IMM« 111 1 ,
20 Republic Steel | 174 17S; 17»»| 17 ,
12O' do preferred I OX I *', »i 7 ': «7»»: t»7Mj ;
10! Rock Island pref. 34 34 : M J 34 I
2.s4o 'South Pa>-lnr | BS»i M«i| M',| M ;
3<i| South Railway 17-. 17 j 17 . 17
B<'>2O Union Pacific I l.'.'.'N ; 141 j 13:» • 141
l.Vi C{• Rubber | 24*« | 24\ 24"»- 21 -. '
6.4401 V 8 Steel *.... , 38' i | 374 I 3« I "7 \
PtV>| do preferred l<">'a| I^l S I *■»*» ! 1"! ■'»
HO.Wabash rref | 22 , 2;i'» 22 . 2.; ;
ice.sac Total nale«. I
MINING.
Share?, | Open- I Hi)rh- , Low | Last
■••id. . I Ing. 1 est. j e-t j sale.
500; Atlanta j .19 j Tl^ | .18 i .*» ""
400 Rest & Belcher , .4S ."••• ; .4* , .:>>
Crown Point 33 .32 .X ; .32
7<H>|Con Cal * Va 31 .*> | .31 .m>
SOOillomstock 37 .:t7' : .37 .37 1 * 1
&** Crackerjack , .'« .«• | ••• j .«i
6l*> Diamondfield 17 j .17 1 .lrt'j: . 1»"> 3 i
."'»• r:ikt.T. s*4* .*»S .S-hH .."V > »«a
7<»> Xi Paso I 35 | .35 ■ .35 j .33
2<iO <;..|.iflcid Daisy j ■•♦ i .04 .04 .01
1.0nO!GoM Bar ! <w l i .t^S .»">H t3t 3 [ -«**i
GoWlleld Cons ?0 13 *."> Il*I 1 * »f> 15 S3 1»
2.Vi Isabella i .34 j .31 | .31 j .31
Kendall | .tS | .IS j .IS Il*I 1 *
70(»iMexlcan I .*S j 7.- i .•» I 70
s<«>;Ophir $2 7.". $2 or. $2 7.% $2 o'.
l.«»ift Pharmacist ".'t', .«3"* .""•» .03',
Pofosl «^»jl .I'M', 1 i.s-j i.sj
30<> ; Portland | 1 or. : IT. i 1 M ' I <<.
400 T.-nopah B»!mont.. | .no | .V>>> j .no j .9i>
lrt.7no Total sales.
BONDS.
I I Open- ! HlKh- I I>iw ( I^ast "
Pales. , i ln(t. I est. | est. | sal
s.«,.W>jComstoCk 4s I IS , 11>»»[ 1% i 10"i
WHEAT.
Pales. I ' Open- I Hlrh- | Low l last
bush. I ! Ing. I est. I esr | sale.
42r..iXiO!July option. .." 1 o«>S| 0»-S| «• '■_■ 9»'»
BANK STOCKS.
(Reported by Clinton Gilbert. No. 2 Wall street
Bid Asked. Pi 1 A»k*d.
America .^OO 925 Liberty 435 4*»
Am Bxcnanire. 220 23<> Lincoln 475 aM
.*:tna National 170 — | Manhattan <"• . 2«O 20")
Bronx Borough 300 — 1 Market 4- Ful.. 240 —
Battery Park 11* 125 I Metropolis 375 —
Bowery . 320 335 j Mechanics* .... 230 —
Butch & Prov. I.V» 155 Mercantile 14<"» —
Coal * I Nat. 200 210 Metropolitan ... l*> l*vs
Consolidated .. 115 120 Merchants' ... 1.-.2W 1571^
Century 170 IKS Merchants' Ft. \<V> 17'> 1
Chase 230 — Mount Morris.. 22<> 235 I
Chatham — 310 Mutual . .. 20.1 _ I
Chemtcal *oo 410 Nassau 105 mi I
CH Cent Nat 140 — N V NB A . . 20«» 2f«.»
City 200 205 *N I CtMBBtJ H'"><» —
Chelsea Kurt,. . 200 — New Nethertand l^Oft 22t> i
Commerce .... 1(57 170 Nat Copper 210 21.*,
Colonial 700 — Nineteenth V.d. 500 —
Columbia 40«> HOO ! Night 4 I>ay .. — S2S
Corn Exchange BOTH 315 Northern Nat... — lfiO
Eajt River . 135 14.*. ! Pacific 230 250
Fidelity . 1«O 1«5 I Park 405 415
First National. «•"» — ! P»op!e- 9 300
Fifth National. 3.10 850 Phenlx ..... 140 145
Fifth Avenue.. 3.SoO — \ r"laia . . . 575 —
Fourth Nat... I<2'» — Pro-lur. E.\ch. . 140 —
Fourteenth ."»t . 175 I*s Rl\er«ide .. 200 —
G«!latln 313 32.*. peahoard . 34ft 330
OarfleM — S2."< •Second .W> -_
Gertnan-Am .. 129 U2'-» SI It* 225 —
German Exch. 475 600 Twelfth Ward.. — SV)
Oai mania .... 500 — Twenty-third \v 100 _ I
Greenwich .... 2!V> — t'nlmi Fv!nn«« 175 — I
Hanover . ... 4«V> 455 Washington Hts ?:>* —
Imp * Trad... 520 s*l Weal Side ttt —
Irving Nat Ex. 173 l*o T««lnrUla 400 425
Jefferson 170 ISO I
•New stock.
BALTIMORE STOCKS.
(Furnished by V»n fchalck A- Ov. No. 7 Wall street/*
r.i.-v A»Wr<i I 811. Aak*d
United Railway. 10«, lt»-\ I Cotton Puck I 12
do Income* MS MS ijf, income* . •_•! i%
ci* «• S.%\ M | Sort Rv A L v- f»> fx>w
C, B * R V T... :<S 4'«! Light * P prof.. — 4.1
da Incomei.... I*S M j lo 4'i* — HO
<1n !•'• 41 44 Cha» City Ry.'.s.lOfV KM
*eabn»ni * I I Chan On Eleo .*• M - 1 •
do Ift pref 2.'' 40 IConi Trust Mi IK
(in 3d araj 11 12 ITMI n Trust '■•> • — :
d» 4» Mi, *J I T-'-i Nat Ra!*k..tlt> 120
.1-. U^yeir .^s 81 4 M I Fidelity A l^p . 1:» US
Consul C3aa — I<*S I Miry land Trust.. 3<> M
do «» KH-t — l.Vor Coat Rx.... « ft>
.OKERBOC 7
** TRUST CO. ™*
33* nrrn \\r.. corner -.»rH 3T. /
(6 B'way. 100 W> 123tb St. , 3rt 4w-AJ5'»
TOPICS OF THE STREET ■'>--£&£
FOREIGN* TRADING— For*i=n houses *^flt-i»*.'2
15.000 shares In th« Icc»l market, all purchase*. fi» •
London consols w»r» strong an* th« grwieral rr.a*. ?j
k»t was firm, though d'»» The clearing of t«» ;1; 1
foreign monetary outlook was the beat feature cf :*
the London cable dispatches, and was responsible ■-;
for the advance In British eettsola and the cheer- •
M sentiment in forelsrn *r.rVirisr circles. CMI ■•;
money was a trfffe firmer at the British capital Tjj
There w«-re no important • h»r.ar».-» tn money or. ?
exchange rates at continental centres.
COPPER TRADE CONDITIONS -Waller's CO3-J ']
per Letter say»: Copper is a shade weaker. La** * ;
Is offered at 1.1 cents, and electrolytic at -,. 3 ) ]
per pound. It ii understood that there have -•» . 3
■ales recently at :hef»e -■.-•=«. and also that »!ec- ' |
trolytlc has b'en solrl in million pound lots at 12^x5 j
It Is probable that the reaction will prove — t,. : <
porary. as it m* brnueht about by a sudden lets
of confidence, r'sultir.sr from or iecompanyinsr tfc»:'J
severe break in stock market prices. Whether this
decline in prices forecasts a further rer-ssion in bus- :
ine.<«s activity is not yet known. That busings ii». ■
provoment has begun Is true beyond auction. It '
may be expected that the resumption win be char- j
m l ii l sni by the usual fluctuations, and at tlnas t
the outlook will be exceedingly unpromising. Monsy '
is -•<•-. however, and unless suits to disrupt ex-*-f
' lstins railroad combinations ar» ' by tSkB ■
government, as is now threatened, confidence la r
securities will surely return, and the needs of ••■"■• -
railroad and industrial corporations will t» j
financed. This will result in increased employ- f
ment of labor and a renewal of bus>in»s3 activity, j
It is the financing of proposed extensions and n*ir ]
equipment for these tor»« enterprises which •»• |
make ■ pood demand for copper. Every -■• -**•* .
bond flotation is a bull point <■■ :h» metnl market.
Official reports of last years copper production <r * I
betas published. Th- v show a falling off in prac- :
tlcally every district in th<> United States. For in
stance, in the Lake Superior district th<>r« was * j
shrinkage of over 5.000.000 pounds, compared with tit* [
preceding year, though the curtailment rlxirin^ tia ;
closing months ■ f the year was much lighter th»r» :
than -Iscwhtre. Production throughout the coun
try is no-*- between SO and «.", per cent of ncrmaj;
and th» prospects are Rood that by July 1 al! &m
mine? and smelters will be runntnas to approxi
mately their full capacity, production coa^s *r»
being reduced everywhere. li can '-- put <io-»a
as practically certain that before the end of tt»
year there will be a demand for all the copper ti»
min^s .an pioduce at a higher price than it naif
commends in the market.
MISSOURI. KANSAS & TEXAS —A director of
the Missouri. Kansas & Texas, referring to the »C»
that the President of the United Srates has ißaf
the removal of restriction bill, releasing about
8,000.000 acres of land "• Oklahoma hitherto un
available for settlement owinsr to Indian title, says •
that this is In addition to 1. 500,000 acres on whici
restriction had already been removed. T!U? opeas
up about 9.500.000 acres of the best lands In Oila
horr-a for immediate settlement, and «0 per ..eat
of these lands are on the line of the Missouri. ■
Kansas & Texas Railway Company, which will
receive an enormous accession of business there
from.
DIVIDENDS DECLARED. — Dividend?; hair*
been declared as follows: Chicago <*• Northwest
ern regular auarterly -' per cent on the preferred
and the regular semi-annual 3^2 p«»r cent on "isa
common, payable July 1. American Can Com
pany regular rjuarterlj- I: 4 r»r cent on the pre
ferred, payable July 1. Safety Car Meat Com
pany rasa ■ quarterly - per cent, payable Ji!y
I. Copper Ranee Consolidated quarterly 1 per
cent. Northern Pacific regular quarterly 1* 4 per
cent, aMi Ausr. 1.
DETROijT, TOLEDO & IRONTON — Th- re
ceivers o? the Detroit. Toledo & Ironton Railroad
will pay th<» interest on the $4.253." f| .-» general
lien 4-; which falls due on Monday. No interest
•will be paid on the $5,500,000 5 per cent notes
which are due on the same day. the interest heln<
already in default by reason of the company's
failure to pay the interest upon its consolidated
bonds, which are deposited as security for tha
notes.
PACIFIC MAIL REPORT.— The report of th»
Pacific Mail Steamship Company for the year
ended Apr:. M shows a deficit of '-.-•" c<?o
pared with a deficit of $130,405. Gross earnings
showed a material falling off from those ■' »h#
preceding year, while operating expenses in- =
creased. ,
NEW CONSOLIDATED MEMBERS— The ''
lowing have been elected members of the Cor
solidated Stock Exchange: Henry Sheldon. <"»•= %
F. Hasbrouck. Arthur J. Lefkowits. . Walter 3.
Mandel and Edward I. Graff
GRAIN EXPORTS FOR THE WEEK. — "Brad-" '
street's" reports the exports of grain for the week :
with comparisons, figures in bushels, as follows:
Wheat, flour included. 2.575.255. against 2.33<\234.
last week. 2.101.934 last year and S.SOO. 1 ?^ in.
1902. For the fiscal year to dat* 155.554.317. •
compared with 15».6£1.891 in I!HS-'O7 and ■*.- i
557.393 In 1901--02. Corn 237.131. contracted ttU! '.
75.592 teal week and >-•- . in l? 07. For th»
fiscal year to date 44,77.0.998, against ST.SH.OIS
in 1?06-'07.
CARNEGIE TRUST INITIAL TIVIDEND —
The directors of the Carnegie Trust i m paay
have declared a semi-annual dividend cf 3 per
cent, payable to stock of record on June 1. Thi3
Is an initial dividend, the stock having aa]
placed on a t> per cer.t dividend basis.
PANHANDLE BONDS —The Panhandle Rail
-■■•■:•■: t'itt<hbt;rs. Cincinnati, ♦'hicago & ft
Loots) has sold J5.000.000 of its ♦ per eat
bonds to Speyer & Co. and Kuhn. Loeb I Co
GOLD COIN SENT TO CANADA —Ti-.e Bank
of British North America yesterday shipped 5115.
000 vt cold coin la Montreal.
THE WEEK'S BANK CHANGES.
/ Clearing Houso rr»rr.t I'?r*.1 '?r*. av*nw »
May 'JS. It*? tJian«».
Leans fl.Jl:* i'» 7 •"■• • $1.21.">.n- .^xi P»-- j:: OJS.lOrj
- . 312.055.4rt> - "_ »'■»» Dtc XXSSXim
Li»cal t»Mfr.. ii<i.«i^\**»> T'».rt^7.4"»» Inc. !
r>«>ro.«its« l.^)*<.'.«r! noi> •1.2 V. 7>- >••> Pec. 11.".J4.W«
Circulation ... 37.2a7.38e 57.130.400 Dec. 118. ~"
•United <tat»s d»pc.«its included. Jlft.SJ?^".
The following shows the relation i>etw?en • M
r.i-i! reserve and the total deposits oa the respec
tive dute?:
KitS May CO O.aag** ■ i
ipr-ir ! •"'■♦"■> |3*.?2!>.SPO T»- s'.3 A* ?
L#t;al tender.. •».»•». «>•>"> 7">.fC7.v» lac. !.;"«■«:
Tr>ta!» $3?«\7lrt 2o'> $3K».357.2>"»> I-o J".3S» .P*»_
Cash r»f|Ulr»'l •-■»«■>«
agt. d<?rosits 324v23fl »23 E3.44T.aW Vrr :.^"
aj l. ._ $3fii«*3T3 $47.01". •'•'^ !>•'- Ji.STa.SO
CLEARING HOCSE HANKS. ACTIAL. C-'NOrTIOX
FKIPAT.
r-ear. *. »t.2H*77^ Dec f^«J«
.Te.-te
•rs>r"!>:f» t2»i3043(W De< 1- a
ClrcuUtton 57.«>»i>.( »1»> V--- 'Vii-X
Be»erv» Cm all •*■■■«■ t>ep. i» ■ "'"
R^s^rv^ .->rt* <l#pO9tta -ithT than l'n!re»l .»-«*
States Dec IMS-**
Cash rp«Tv». IS ,*>S jn*r tent.
•!>:•- ?tat-s ffrr o *'^ inohiiifd. $l£>.<7o..'><y |
EUMMART OF itati BANK.-; AND TRUSt 00*
PANIES IN GREATER NEW YORK. NOT RETORT
ING ro THE NEW YORK •!.?:•■ HOCSC
Loans $s.y?.7*M«o.» lac *V '»«« ,
Sp<-,i» R3*»« I" !»22
i^^i imlm ... i-.-.>77.-.«> t ■ ..•*•£>
Total dT-^its 921.e0».«00 I " 1- •*-»■'»
Do., eliniin-it'.ni ami'ir.!' <M
from reserve deposirort^s
and from other bank* an! - r >»v*
trust c"rrpin!es in N. T. C. 7--.».4C7W la ?--•> p "
RESERVE it.
State hank* — : ii 3
Cash tn vault *W».«KUj«P !•♦»
I>»p-!sit» in banks and trust comp.tn!«» U.O'J.fOr. ■
Tot<4 , _ «2».sffis:--- SAX
Trust companies— . ,^.Sl'
Cash In \auit "^iPllJk ' •***
IVpoolta in banks and trust companies- I**^*-*^ 1 » j
Bonds ....... K.I»U.-»W ]1.-—>'
Total S^X^*** *:*,
AaasaaaM nan • vn d'ro«K*. J.Tn.'-.«7.5»>. leHawi
$•:< ;..:» !»«•>. percentase cf !<•£;»! ro«»r\e. ;UJ +'
The following taMea compare'the ile^r-.r:* j^°Tls?
I n n is«a i statement with the statement o. «•*
r**poa | date tn l»" and I90S:
M»v-»v* JuneLflT. £?X£2&
Mvi,. .-■-■-- it>>"« v « I ;.:^*<.:
r
I>p.v.|tr. ;•■-■' l.l>in.tV,> t«B*-SS
. >■. :»s »..• :> . ,
Circulation 57.|-M».*H» :^M^.o>^ O..»~
Tiie fonowlns shows the rel.ntion fcetwecffl w
total rrserve and the totat d»-po.-iits on the !«P« C .
I 1 \*> • '
Mi.- June T. t>7. J *X^Js!ss
.-1-.,^ Jjr>*.7i>.*»> «221.KA«*rt $1 -':iiv-*Xj
Les«l t«vler». ... 70.t"C7.4«'«> g: 80S WO _^__--—
Total rwr»f.. "jSoTjsf SV *3>1.«3J.1«> r>«'» :iM)O
- • 3
d#-iK>»!t» 321.447.t5>> 2>i»»*-*.Hr.<»
Rr#erv 9 f«.9!ft€rt(» $IZT«2.*.'r» J 3 - 51 *-^
j P. .:. of r»rv». .- : » 1
COBALT PRICES IN TORONTO
IFOraUtMd and corrected d.»l!y b> Stewart * LvtW«*
.No. 4.' I- \. K »f|» FUi« >
Fid. MM 1 EW; i'H?
i?ufta!« SI •'■•• $^ si> I ywm Ter-.isKiir.J** 1< M * .** % \
Cufcatl C»nt.. ■?> 31 I N:p!*:!r;* "'- -- '; .
Cob lit Lah- . 1»» I* I N.iv 1 Sk-otia. . . "> : .
« O!1!.1(T.*» .... 4 '"■ .' M> I l'Pt("rf<>rj l^Ci* l»-t _J
Cwra Enen« s^ 4* n 1 Horn. ... »'■? L\'-t;
OrfW >!e?San 12 M s-llver Qoaca. -1 Jg IJ'
,,„,, >..k , ... ).-. »»iver Q * I
KfiT Likr .... Sda s3O TretS^w^v »■*
Little NlpU. . 33 3.'. , \V*iU ** " *{.
UcKinley-D*r 70 TO i , -l-

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New-York tribune. [volume], May 30, 1908, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924