New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-05-27
WALL STREET AND EXCHANGES.

FOREIGN TRADNG.-Foreign houses were not
active factors IN the local market, buying a few
thousand shares on balance. In London consols
were steady, the Copper stocks were easier and the
general mining market was lower. Money was
in fair demand There no material change IN
discount rates in the various foreign capitals.
FOREIGN EXCHANGE CONDrTIONs-C. schu-
macher & Co. say;
Foreign exchange. remained steady during the
poration Borrowings abroad. The extreme Decline
did not amount more than one-quarter cent per
Slight decline, We understand that some Of our
banks are agrbs On me me o6 Sf sSq q aa
about to be received from South Africa That the
the present Quotations for exchange with the IA
cilties offered by the Treasury is not doubted IN
not be very large with demand sterling above 4S5,
but tsg 1o bere and is uenoe UPON the
course Of the stock market. any trtflng sQuibble
OF S0qS9sas es 70 fs eas Ss GF at
the present time we are not very badly In need OF
pearances at least, has become normal. any sud
den requirements. however from !egtia{e sources s
once more the truth now obscured, viz. that the
be The fact that large corporations have gone
TO Paris to discount their notes at rate OF
iingss here are difcult notwithstanding that both
call and time money are quoted at extremely rea-
sonable figures.
THE Steel, sITUATTON-The new business in
TO the volume Of the preceding week There were
more inquiries for steel rails Than orders This
week is expected to witness the announcement OF
large rail contracts as Inquiries now in the
market run between 10000 and 10000 tons
BANK CLEARINGS-The total bank cleartngs
OF the United States for the week ended May q
s26O4OS7, $40 against E,917570S46 in the pre-
ceding week and s2.7S7, +O6.724 last year
SUGAR ADVANCED.-The American Sugar Ro-
hulng Company. the Arbuctdes and Howells have
advanced all grades Of sugars 10 points
COTTON OBSERVATION-DISCLOSURES 10 The Fl
nancia Chronicle" the total receipts Of cotton for
the week ended May g. 1905. were 7S.so2 bales, as
against 1926 bales in the preceding week The
total receipts since September l were 7.ssS21n
against 1856 495 for the Same period last year.
decrease Of 1606.2S5. Rain has fallen IN the week
in many Districts where needed but in portions OF
the Caro1inas and Tennessee and Texas lack Of
moisture is complained Of In Alabama ana MIS-
sissippi the crop is reported as doing well
WESTERN MARY14AND'S DEvELOPALENT-
The increased activity in Western Maryland STOCK
is ascribed to the showing of the company sncs
April l. On that date the INK between. the West
ern Maryland and the West Virginia Central was
first opened for operation. Since then the COM
pany has shown an increase OF % per cent In it's
gross earnings and the estimates Tor the month Of
April are equal TO about per cent on the stock
PIG IRON CERTTFTCATES.-P.g iron certificates
at the New York Produce Exchange were easier
sale Of 100 OF October regular at SIC 25 Final
quotations for regular follow Cash SIG S04S16 rs;
May. SIS 354Sl6 10 June. $40 404S16 So July SIG 30
4$17; October. $l6QSl6 30. There were quota
lions for foundry Final prices for standard foun-
dry follow: May and June. SIT 1857 IS; July.
ST lbqSI7 90: October. ST 20 asked