New-York tribune., 1906-05-08
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses deal, {,
upward OF 1000 shares IN The local market. al q
which were sales. Selling was especially hesSy .
Union Pacific and United States Steel V7stsr-e'-
In London the general market was heavy uacss
the tnfusnce OF selling. which was induced ey q
unsatisfactory money situation and the f1a- 2
trouble az the forthcoming fOTtnightly selaslsn-
Discount rates were firm. while there was an ID
vance in the price Of bar gold and American Gag :.
The higher price for gold. however, failed 70 eaes
the American demand for the metal
PACIFIC COAST-The STEADY advance n -
priee OF Pacific Coast stock IL due IN great part y
buying BY interests which are identified W1ih Is
nronertv and interests which are anxious 70 sscrs
control Of the company. Owing 70 th9 xaot eas
the prominent railroads IN the West WleA nA"
no terminal facilities IN Seattle desire u y
prove thefr Pacific Coast position. II IS osSlla
that they are anxious 70 secure control OF tha "a
cihc Coast Company, which owns valuanls -
minals in that city. AS a matter Of fact INC -
interests the Union Pacific. the St Paul ana -
Canadian Pacific through people closely IAe,- :.
with them, have been picking up Facino - -
stock In the last few months. ana naLuia-S - -.
buying has attracted a demand nom wan StEe7s - -
the expectation that the competitive ouSll. -
carry the price many points higher. 4feesl n.
OF the possibility OF other companies Sacu1ils .
control OF the Pacific Coast Company. the eaE1ilss
OF the property warrant the improvement W. A'
taken place IN the market value OF IT'S sseui--7s
sUB-TREASURY TRANSFERS AND f9-g
IlPORTS-The local Sub-Treasury transfers.
yesterday for the banks SS6.OoO to san -
While II was reported IN London that fuE'n-. -
eagements OF gold for American account hAd - -
made this centre had no Ofacial adVies = - -
effect An advance IN sterling exchange o. = - -
and a higher price for bar gold and AHlts-sn
eagles in London doubtless VIII oe ene.- -
bringing to an end the movement OF so'a y. y -
centre for the present The banks paa = II.
nn
deposited against Imports Since FTitsy e.a -
have GAINED on their operations with tns 80
Treasury upward OF &OoGoo0
"sOOr EARNINGS-For the last wees q - -,
the increase in gross earnings Of the M4lH-ss -
St. Paul and Sault Ste. Marie over the e'--- e'..s,.
ing week last year showed the great pei'1N.' -
Of 5S1 per cent. For the month thefe We - - =,
crease OF 5Os9 per cent and for the M - sx-
date gross earnings are now S2ss per eeul -. =
cess OF the corresponding period ot 'n7 s,v~~
year II substantiatiOn were nee0ea. 1-- -.s,-,s.s
able exhibits would certainly support tns ss.ra
OF important holders OF the stock that ue -
paid on the common issue WIN Be inele--'a
early date. -,,-sl
UNITED GAS IAIPROVEaTENT.-Ar tAs - -,
meeting Of the stockholders OF the Un'e1 -
provement Company or Philadelphia. tns -
20 increase the capital stock frOm Tsas" -
Of the par value OF 50 90 GSOo5 shares ~ - -.
ed The company's report for the year s--' -. -
profits equal TO more than lsis per cent - rs
crease over the preceding year IN net eala'i'''
S5ssS6 r.s.s-a
PIG IRON sTOCKS-Advices nom - "a
Pennsylvania are that pig Iron stocks e -s as
considering the fact that number o. iu-- .s--'.v
banked. consumers may experience som. 49, -
IN getting quick delivery. PittsnuEe 49, y ,.s
that orders for larsa tonnagas OF ell sl-- -.
iron arc being placed. some for prolapt s,.s-gsry
ana also for second and third quarters -. -
The consumption of iron Is keeping up y .S..ca
ord q the last few months. and e looAs - -