New-York tribune., 1906-06-03

Financial Chronicle" the total recAr,., -,
Tor the week ended June l. 1895 were = C''''a Sa
against 1892 bales in the preceding NJ 'ass
total receipts since September are : 4as os rs
SOSo'4O9 lot the same period last year a o..
of I65S,113 TEe weather IN the vveaI, ass -1'eass
iaVordole- ram fell IN most sections wbsra ,a-s-'
ana the temperature was satisfactory On tLa
SNOWS JUNE CROP REPORT-P w SO s
makes June l condition of winter Nh. S.o* Nv
against 81 last month and SIS a year aso - -
WHEAT S4S. against % last year The co,s..,- .,o
U. oats 500 against s3s last year The .o..~-
% spring Wheat IS 100000 acres less than last -
Ihe acreage Of oats about unchaDged ''A"
ONTARIO & WESTERN.-Tbe ,In4,v,-.,,-
turn made by the Ontario & WastA-, 80
month Of April is altogether ascribsb1a :. - - -s
Als on OF coal business. owing to the suspensio !,
WORK by the miners. The importance ~ - =
uainc TO the Ontario & Western is hest ~a,,.-1.
"hen 1t Is considered that almost half - -
gross earnings Of the company is derived f-or, 80
business. --'Ai uls
BANK CLEARINGS.-The total bank eas-,,.,
or the United States for the week ended r,ra .
S-'9S -l'SS9' against S2sf76O2 4ls in the pre-
ceolng week and S2.41+Z77.631 last wear
STRENGTH IN THE GOULD sTOrKs
Strength in the Gould stocks was accomusnied 5v
a report that the Gould interests had come "a a
friendly arrangement with the Pennsylvania and
other important interests with whom thew hava
hitherto been on distant terms
MONEY FROM SAN FRANCIsCo-Tbers WA,
transferred yesterday from San Francisco for New
York account $4,000 in new gold. dispatch from
Washington SAYS that the Treasury Department,
received application to transfer from San Fran
cisco 100000 to the East
GREAT WESTERN DEBENTURE INTEREST
UNCHANGED.-The usual semi-annual interest
payment Of g share on the per cent debentlrs
stock OF the Chicago Great Western Company viii
be made on July Is. 1916, 10 the holders of record
of June So
ADMITTED To OUOTATION-There has been
admitted to quotation in the unlisted department
Canadian Pacific Railway Company certificates ot
subscription full paid. for new ordinary capital
stock, and Baltimore & Ohio Company subscrD
ton receipts, full paid for new capital stock
FOREIGN EXCHANGE CONDITIONS.-C.S Schu.
macher & Co. say:
With the assistance Of the United States Treas
ury, arrangements for the importation of S@h.
COO gold from Australia We're coosumnated aS
week. Without government Interference this in
pOrtation would not nave taken place as the rates
for forelgn exchange Feinalhed p'dcuca4y sua,
ti9narv since writing our last review, and demand
sterling is selling considerably above what is con
ceded the gold import polnL laat 9 IN I,S pee , y,
favorable impression in well informed banking err
cleS which was looked Tor IN some Qu5IleEs = ~
renarkab bic. Indeed, tEere IS a grave douht N tae
minds of our best bankers as TO the advtsabtlty
of government assistance IT m'ernauOhdI tIdiisec-
tions of the kind. unless at time or grave ten
sion. AT such a time Il IS 70 0e eXpecte'i anu We
look with confidence to the Secretary OF the Treas
ury for relief but during time OF compaIatlvs
ease in the money market such assistance by the
government is certainly be looked upon less
favorably. Many are asking the question as tS
The possible attitude of the government IN case or
gold exports If the United States Treasury =
warranted i'm assisting gold Imports might 9 y no1
also in the case of threatened wholesale eXpGte5
tiOn of gold step in and create condlt93ns WIZ @
would make il more difficult or lmposSloe 70 70 "a -
port gold from here? And what would oe ne r.
suit of such arbitrary procedure on the part or no
government? II is sslf-eviden5 that od cslCTlo- o
tiors would be upset. resulting in at least leapo-
rary uncertainty, which. once created ls oot,r .S
do mischief Distrust is hardly calculated 20 Va l
toward stability in finance We firmly 9elleNe '.s
IL is safe TO let the law of supply ana Ceild.I -
sert itself GO. IMPORTS and exports sIDuL -
permitted to take their natural course we go ~
enough confidence in the country 20 Ieet ma ,i h
they are allowed to uo the balance OF tl-iU7 ""
be bound to work out in our favor.