New-York tribune., 1906-03-23
MINING STOCKS.
WALL STREET AND EXCHANGES

FOREIGN TRADNG.-Foreigu houses were not
active factors in the local market. buying a few
thousand shares balance. In London consols
were steady, and with the exception Of the copper
shares the general market was firm The Bank Of
England made change IN its minimum rate OF
discount, though the weekly return showed a fall
ing OF IN the proportion Of the reserve Iabili-
ties. The demand for money in the British capital
active
AMERICAN ICE sECURITIEs-The American
Ice Securities Company has completed its first hs-
cal year, and its treasurer has issued statement
Of March 20. showing its financial condition.
Practically the entire OF the company, out
side Of ss6,42o cash IN bank consist Of 1927
shares Of the preferred stock and 231O2 shares Of
the common stock Of the American Ice Company
Its liabilities consist Of SIS S34 200 outstanding cap
ital stock and 50 900, 900 outstanding bonds.
COPPER CONsUNPTION.-A careful and thor
ough canvass OF the leading copper producers ap-
pears 10 show that the consumption Of copper in
this country. well abroad, is going on untn-
terrupted Not in the history Of the world has
sumption been so pronounced as at present, and
Notwithstanding large increase in production pro-
ducers believe that before the close Of the year
there VIII be decided shortage II there are no ad-
verse developments.
STEEL PLATEs-whue all the Eastern plate
mills are IN opera tion, the demand is not brisk
as Il vas earlier IN the year Orders calling for
delivery from three TO six weeks IN The future are
being accepted A large Eastern plate min which
two or three months ago raised its prices from 81
with current prices.
HILL ORE PROPOsITION-Jaues J. hin IS ex-
pected IN the city the latter part OF the current
week, unless he changes his plans Il IS said
good authority that negotiations looking toward
Of the Hi properties 70 the United States
Steel Corporation viii be taken Up where they were
left OF some time next week.
RAILROAD CONSTRUCTION - The Railway
age" this week estimates the increased railway
mileage Of the United States FOR 1896 AT 21,447
mill rrvfa c0v7. "a or nj
live projects Of S,433 miles A year ago there were
1900 miles under contract.
EXPORT WHEAT MOVEMENT. - The wheat
market has greatly improved the last week, and
local opinion is that prices have brought IL close 70
the export basis. one Of the important features
has been the absorption Of surplus Of May by Wall
Street The Wall Street holdings show a big loss
and VIII come out only on a sharp advance or a
break from this level
BIDDING FOR DEPOsITS--Ir is an indication
Of the frmness Of the money market that trust
company In this city has within "a few days offered
10 nay per cent interest on the account Of a firm
keeDing daily balance Of $4,000. A national bank
has offered Per cent interest on a small personal
account
CENTRAL OF GEORGIA RAmROAD.-The Cen
traI OF Georgia Railroad Will issue SO, 900 900 per
cent bonds as soon as the money market condi-
tions make the necessary underwriting practicable
KANSAS & TEXAS DIVDEND.-The directors
OF the Missouri, Kansas Texas Railway Com
pany have decided, it is said to place the pre-
ferred stock on a 4 per cent dividend basis next
month The annual meeting Of the stockholders
viii be held ct Parsons, Kan, on April ..
MONEY TRANSFER--The Sub-Treasury has
traDsferred for banks 10000 10 san Francisco The
operation was not for japanese account but repre-
sents shifting OF a United States dsbursng off,
GERS balance
COLONIAL DIVIDEND-The directors OF the
Colonial Trust and Savings Bank, at their regular
monthly meeting declared the usual quarterly
dividend Of 21s per cent, payable March 81. 20
stockholders OF record March 28