New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-15
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
5000 shares in the local market Of which were
sales In London the general market was heavy.
without important change In quotations. Money
was IN fair demand and discounts were firm
weakness in the Paris exchange rate on London
and an inquiry by Paris for gold in the open mar
ket were taken as indications OF the early an
nouncement of the Russian loan. At the close Of
the London market stocks showed Improvement
from the early heaviness.
WINTER wHEAT.-wheat bulls have TO look
outside the winter wheat belt for ammunition. Re-
ports to private houses and railroads all that
the growing crop is In almost perfect condition.
The snowstorm the section supposed to be
most danger late last week. succeeding the storm
the week before puts at rest the many reports OF
damage 1t IS conceded on all hands that in west
Kansas and other sections most in need OF snow
this winter there has fallen sufficient TO protect
the plant.
LONG ISLAND TO GUARANTEE BONDS
Stockholders OF the Long Island Railroad have
voted to ratify the plan Of the directors to guaran
tee 100000 bonds OF the Long Island Consolidated
Electrical Companies. a corporation to hold
the railroad conpany's electrical lines. The
needed at present to finance these purchases Is
about $2s41ooo. the remainder OF the authorized
issue to be issued needed in future.
UNITED STATES STEEL, EARNINGS.-0Iore
figures indicate that the net earnings OF ths
United States Steel Corporation in the months OF
January and February will run considerably above
s23OOOOO, February being a short month The
earnings o
either January February. and a consequence
1t is expected the net the quarter will be up to
the general estimate Of SSs,O00,OOo.
MISSOURI PACIFIC-The announcement Of the
withdrawal OF the Rockefeller interests from Mis-
souri, Pacific had absolutely no effect on the stock
This would to bear out the assertion that the
shares owned by them sold last fall az a time
when certain well known operator was giving out
detailed information to the effect that Standard oil
interests were then big buyers Of Missouri Pacific.
" e. hat Ny,z7
Rockefeller r.. hardly an excuse for the resig-
nation of his brother-n-law.
I.ACKAWANNA STEEL DIRECTORS-At the
annual meeting Of the stockholders of the Lacka-
wanna Steel Company the following were re-elect-
ed directors. to serve for a term OF three years:
Moses Taylor. James Speyer. C. Iedyard Blair
Warren Delano. jr., Henry Waters and J. c. Nc
Cullough. OF New-York. and J. ]. Albright. Of
Buffalo
PIG IRON ACTIvE-Pig iron production and
consumption exceedingly heavy and the mar
ket strong. The United States Steel CORPORATION
It ia announced, has purchased all the available
Bessemer which the Bessemer Association had for
March delivery, 1000 tons The corporation ia ax
pected to come into the market az an early DAT.
BANK OF ABYSSINIA-The SECOND trs+aIr,a.
on the American subscription to the capital stoc,
OF the Bank OF Abyssnia. for which Barring Ma
goun & Co acted as agents. will soon be due The
STOCK IS TO" seihns IN London at premium. and
prospects are favorable for successful future ror
by a royal proclamation this institution has H.
exclusive banking privileges in Abyssinia
SALES OF COPPER AT 1Sa4 CENTS-sa1.s =,
several million pounds of the best lake conner a.
ie@% cents oy Michigan producers have been made
in the first three days OF this week
APPLICATION TO LIST-The Pittsbrr- o.,
cinnau Chicago St. Louis Railway COMPANY
has applied TO the New-York Stock F,xcba,.a g.
list Sl'oooOoO additional consolidated nnortrag. 4
per cent bonds series F OF 1883
STOCK EXCHANGE IISTINGs -r,. "
STOCK EXCHANGE has authorized the listing =, ~.
IoioWlns securities: Nendaua Railroad Conons,,-
S"e"O additional consolidated mortgage nsr ra,,
' series A or 1903. making the total amount
way Company $2OOco additional guarantee, go,
making the total amount listed $4,000. R,,r.ro a
ousauehanna Railroad Company. 81 600 ON ,5,t
uoIaI per cent non-cumulative preferred sroclr
Railway Company. s5l5Ooo addittoraI a.. 0'1Iern
oated mortgage per cent bonds OF lsa4 raaL,
the total amount listed 81 7ss Ooo ~" making