New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-03
WALL STREET AND EXCHANGES.

w ALL OlhbGl AM CAOIlhVOGO'
FOREIGN TRADING.-The London market was
closed and foreign houses were not factors the
local exchange
CHANGES on STOCK EXCHANGE FLOOR
Beginning tomorrow. the arrangement of places on
the floor of the Stock Exchange for dealing in
stocks will be considerably changed. Stocks at
post and post will be reversed. The former in
cludes Metropolitan Street Railway and Rock ISL
and; the latter comprises the gas stocks. Stocks
posts and will be reversed The principal
stock post is Baltimore and Ohio. Post Z IN
cludes New-York Central. Chicago and Northwest
ern Corn Products Woollen Goods and Toledo. St
Louis and Western Stocks posts 10 and II Will
be reversed also. Post 10 includes Reading. Nor
folk and Western. Delaware and Western United
States Rubber and Rubber Goods Manufacturing.
At post II North American Kansas City South
ern and Chicago Terminal Transfer.
CONTROLLER OF CURRENCY'S MONTHLY
REPORT.-The monthly statement OF the circula-
ton, issued by the Controller OF the Currency,
shows that the close OF business March 81 the
total circulation of national bank notes was s4S4.
500 49, increase for the year of S2.5o64 and an
increase for the month OF A.5s5.632. The amount
OF circulation based on United States bonds was
1895 Coo 23 increase for the year OF $3.50 $50,
and an increase for the month OF $5.247 743. The
circulation secured by lawful money aggregated
$50 see 7OS decrease for the year of AS59.736 and
decrease fer the month Of s662,lll. The amount OF
government bonds deposit to secure circulating
notes was S39S OS4.65o. and the amount of bonds
NEW RAILROAD EQUIPMENT.-The following
companies have ordered from the American
Car and Foundry Company: The Pennsylvania and
Delaware oil Company. ten freight cars: the BUf
falo Rochester and Pttsburg Railway Company.
eight coaches. The report that the Grand Trunk
Railway Company has ordered six first class pas
senger coaches. four cafe cars, two dining and
three combination from the Pullman Com
pany. noted last week. IS confirmed The Chihua-
hua and Pacific Railroad Company is in tho mar
rcF,-f arI fiat
Railroad Company is reported In the market for
fifty dump cars. The City OF Winnipeg. Manitoba.
has ordered twenty-hv ballast The Boston
and Maine Railroad Company is about 10 construct
. fifteen refrigerator cars. three baggage cars and
three combination at its shops. The
Chicago. Milwaukee and ST. Paul Railway Company
Is figuring number Of passenger cars.
BOND MARKET IN MARCH-FIsk & Robinson
say:
The month Of March has witnessed a steady
bonds 1nis advance. beginning before the decision
in the Northern Securities case was rendered and
while the stock market was IN a state OF stagnant
anticipation, has since the decision continued in a
in the better class OF railroad bonds shows the
curities based upon known and definite values. and
now that the disturbance that wou'i be caused by
a general attack upon railroad anu Iustrial cor
porationS IS not to be apprehendeu. he present
would seem to be favorable time for Investment
Banks and institutions. regainng faith in the in
vestment situation and taking advantage of the
ease in money. may be expected 10 come into the
bond market more freely as buyers; moreover. the
Co3pSc or tne speculative poor IN cotton. bringing
about a normal condition of affairs in the
market FOR that commodity. and the improved
condition Of the country should tSnd fo increess
the confidence Of the investing public. The official
call issued TO national banks by the Secretary Of
the government ON March p OF % per cent OF the
public moneys deposit in such banks had no
appreclabe eject on the market for government
bonds Undoubtedly large amount of the bonds
is being withheld from the market for the present
and considerable amount is being loaned tempo
~ AZ late rba-r
ket Will develop. This has resulted in only a mod
Ing the month on the Other hand the buying bv
national banks has been very moderate scale
AMERICAN LOCOMOTIVE-According TO THE
Railroad Gazette" the following companies have
ordered locomotives from the American Locomotive
Company: Tine Missouri Kansas and Texas Rail-
way Company. ten simple ten-wheel locomotives.
ten simple mogul locomotives and simple six
wheel switching locomotives; the BOSTON and Maine
Railroad Company, ten mogul locomotives and ten
switching locomotives: the Santa Fc Prescott and
Phoenix Railway Company three locomotives
COINAGE At THE MINIS IN MARCH.-The
mirts of the United States turned cut an unusually
large amount Of gold coin in March to make I'D
for the short coinage Of last summer and autumn
when the minis especially busy with the
special coinage for tine Philippine Islands. The
total coinage in March SIS. 262 16s. of which
$50 30 in gold el.50S in silver and s154 SO
in five-cent and one-cent pieces
DEPRECIATION OF SIL.VER.-The quarterly
estimate of the value of foreign coins. issued by
the Director Of the Mint shows a net decrease In
the value of silver during the quarter of 0O7i6
per fine ounce corresponding decrease in the
value Of FOREIGN silver IS announced
OPINION on COTTO%.-Theodore H. Price says:
II the spectators of the South and the bankers
who fostering any attempt now to withhold
cotton from the market persist in their present
policy they will wreck already disorEaniZed
industry that next years probably large production
will have to he sold at prices relatively far too
low as present prices are too high. II is exceed
ingly doubtful, in my opinion whether the losses
resulting the South from this years speculation
I'm futures do not exceed the increased value
realized for its crop. in addition to which there
remains a permanent Influence the destruction
that has been worked to the manufacturing bust
ness. without which II is well to remember the
entire cotton crop. however small would be value
less.
SUPPLEMENT TO 'POOR'S MANUAI."-As a
supplement TO "Poor's Manual of Railroads there
has been issued special edition entitled Manual
of American Street Railways" The data concern
ing street railways are a reprint from "Poor's
Manual but in addition there is given a sum-
mary Of the street railway mileage. equipment and