New-York tribune., 1906-05-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses bought
upward Of 10000 shares in the local market In
London there were few important movements in
the general market. Consols were heavy and there
was some pressure in the mining department The
weakness in the New York market exerted con-
siderable influence on foreign sentiment Paris ex-
change on London was lower while the Berlin rate
higher. Money firm in London
PRODUCE EXCHANGE REGULATIONS FOR
EXPORT CORN-The Produce Exchange has
adopted new contract for dealings In corn for
future delivery which provides for the delivery or
export billed corn The present contract system Is
retained but export billed corn be delivered on
payment of a difference IN price. This difference
is adjusted according to the season of delivery and
the grade of corn, and it varies from nothing TO
five cents busheL A new grade. steamer mixed
is added to the list The difference is based on the
difference in railroad rates to the seabOard on
corn for export or domestic purposes. The holder
OF export bills retains the right from the
railroads the domestic rate payment OF the
difference, This arrangement will become ef
fective May Z. and affords an effective hedge
for shippers.
GOVERNMENT BONDS.-Fisk & Robinson say:
AS a result of a continuation Of the policy in
augurated by the Secretary Of the Treasury In
banks in localities where funds were most needed.
there was firm and moderately active market for
all issues of government bonds until well toward
the close OF April April q the Secretary an
for currency in San Francisco he would imniedi-
ately deposit there in national banks government
proved collateral would be accepted as
security therefor, At the same time he discon-
banks in other localities Following this announce
in ali sG and sGSseQen decline CT of pe
cent in the price of 2s Ss and As OF 1907. Which
bonds at the end Of the month were offered. re-
s2eetively at 1885. 1885 and 1853 Offerings of Is
or lg2o late in the month found almost entire
absence OF buying orders. ard resulted IN a decline
OF per cent in the bid price for that issue Al the
entirely without feature ~ ISSUES vas
sUB-TREASURY TRANSFERS. Sub-Treas-
ury transferred for local banks T7OAOOO to San
francisco, making, since April Is S26.4lSOO0 The
sCo-Ireasnry also transferred 70 New orleans S2oO
OM Bonds returned by the Sub-Treasurv To the
banks against gold imports amounted 70 Ss7OOO
Whiie there We're no new engagements of the metal
Tor import foreign exchange rates declined ana !,
was reported that negotiations were under NAV, so
additional imports Of the metal
ANTHONY N. BRADY A DIRECTOR -An.bov,.
n. Brady has been elected director Of the TenDas
see Coal. Iron Railroad Company. succeeding Don
II. Bacon resigned
COLORADO FUEL AND IRON-ReferriDp q,
the financial plan 20 raise money to Improve the
Colorado Fuel and Iron plant at Pueblo. Frank y
Hearne. president of the company makes this
statement:
IL Is customary TO have undeTWritten OFFERINGS Of
this character. which pFecautIOn has not bee1
omitted In this instance Every share ~ -tC,l- SS9
POND onered and not taken by the stOchOIdeTS viii
oe s9IoSGTlnea I oy strong Underwriting syndicate
peted precisely as originally intended The a1aD
S4i Sln pans OF the company affected bv the
securities t'' tue
GOLD IMPORTS FACIIITATED-The National
city Bank IN les May circular says:
The Influence OF the Treasury DepartmoDt a
financial matters has seldom been exercised with
more marked effect than Ia the last month. The