New-York tribune., 1906-12-15
WALL STREET AND EXCHANGES

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses dealt in
35,C00 shares in the local market. buying 5000
shares. In London consols were firm and the
copper stocks stronger. Money was In strong de-
mand. bur rates easier the heavy dis
counting of short time bills by the Bank Of Eng
land. There were rumors that s5Ot0O00 gold would
be taken from the Bank next week for South
American account.
SOUTHERN RAILWAY PRONOTIONS-At a.
meeting of the directors of the Southern Railway
yesterday the following appointments were made:
Alexander Andrews. first vice-president: John VI
Culp formerly third vice-president. second vice
president; Charles H. Ackert, formerly fourth
vtce-president, third weep president; Thomas c.
Powell formerly fifth vice-president. fourth vice
president; Henry 8. Spencer. formerly sixth vice
president. fifth vice-president and Fairfax Harri-
son. formerly assistant the president sixth vice
president. Mr. CUP will be in general charge OF
traffic.
CANADIAN PACIFIC.-Canadian Pacific crossed
the 200 mark yesterday. selling 2o1A, and the
people who active in the issue predicted 200
for 1t to-day and price better than Great North
ern the future. The short interest. both in
this city and in London. has been badly punished
in the last fortnight. and apparently is unable 10
make any headway against the bull forces. which
are led by jefferson NJ Levy. Mr. Levy and his
party assert however. that the present price OF
the stock is fully warranted by the actual worth
N4A
its merits.
MOVEMENT OF MONEY--The reported move
nents Of currency in the week show that the local
banks lost in cash holdings 81 500 The loss to
the Sub-Treasury. amounting to more than $1,000
600 was greatly reduced by unusually large re-
ceipts from the interior. The movement OF money
to this centre chiefly from nearby points and
represented the sending of money here to take ad-
vantage of the high rates for loans The gross re-
ceipts the interior the largest since the
week ended July 26.
BIG STATE BANK DIVIDEND. - The State
Bank has declared a semi-annual dividend Of so
per cent. a resolution was also adopted 70 pay
on December q TO the officers. directors and en-
pIoyes gratuities their annual salaries or fees
as follows: These in the employ OF the bank fer
ten years or longer Is per cent; those employed
less than ten years and more than five years.
10 per cent: those in the employ of the bank less
than FIVE years and more than year. per cent.
and owing the hanks prosperity during the last
wear. an extra gratuity Of per cent The same
gratuities We're paid last YEAR
GRAIN EXPORTS FOR THE WEEK--'Brad
streets reports the exports of wheat for the week
with comparisons. figures in bushels. as follows:
Wheat -four included, 4,SS3,951, against 4,79l020
last week 44S5162 In this week last year, 144iS90
in 1904 and Asp S23 in 1901; ttom July / S7.969 57S
compared with 81 25S $40 in 1905 327 47s in 1904
and 13S.O19,951 in 1901; corn, I3S1.774 compared
with 1.1o9477 last week, S,4O7,77s in this week a
year ago and 459.71S in 1874; from July l. 20S4s-
517. against 29.2 S95 in 1905 and 12o55.099 in
1901
AMERICAN LOCOMOTIVE COMPANY SELLS
s. 100000 NOTES-The American Locomotive
Company has sold $4,000, 600 ; per cent notes to
Harvey Fisk & Sons. the proceeds of which will
be used for working capital The notes run from
one 70 five years. $1,0OO000 to be paid of each
year All but $5oo,oo0 of the notes have already
been disposed Of by the banking house The rest
is offered on per cent basis
Gates at the New York Produce Exchange we're
dull and unchanged There were no sales Prices
for regular follew: Cash and December 500 bid
Quotations for new standard foundry follow: Jan
uary. February and March, s23QS24
DIVIDENDS DECLARED-The German Ex-
change Bank has declared a semi-annual dividend
Of per cent The Old Dominion Steamship Com
pany has declared regular quarterly dividend OF
per cent, payable on January . The Boston and
Company has declared a regular semi
annual dividend of 81 share the preferred
stock. payable January / The Bell Telepho,a
Company, Of Missouri, has declared regular quar-
,eriy dividend of per cent, payable January >
COPPER PRICES HIGHER.-E -ElectroIytic COPPER
was advanced yesterday in both bid and askcd
prices. at 2224c 10 &c; casting advanced 1sc 10
22lac to 22ac. Lake was UNCHANGED at 23c 10 a91c
Walkers Copper Letter says: Conner fs in
stronger demand and higher in price than n week
ago Lake is selling at 2S1sc TO 2S4c a pound and
electrolytc has been sold 10 the extent OF rruo,
OF pounds at sc. The market is nor fa,,srIst -
there is almost no speculation in the metal CON
sumers are buying for unusually distant fpt,ra
dates One OF the largest producing interests re-
ports that II has sold its March copper already
Ihls means that the market IS on a four mamie,
advance delivery basis whereas b,s;res, 4 -,,
lone on Two or three morths' account Tho Iarrast
producing interests say that they see no indicario
't any railing off in consumption. II anvtbjnp th,
ehuehey Is sim toward increased demand. not
"l'hstandins the abnormal price level F,urope -
'uSlhs great deal OF copper in this country 90
steadily bidding up the speculative C NJ r., mar
let in London" " " '''''-
F@Of LIE ; GAS.-The Lawyers Title Insurance
'no,. company has been appointed transfer
Jsbt 49,, C ne 'ap''ai stock OF the Peoples Gas |
Asht and Coke Company. of Chicago
OCfIoN SHIPMENTS far this vear ,,ar,
las oeen an Increase Of Is per cent in cotton sbft
Yer sl @ lne CUR a Ship Island Railroad ComnarsI