New-York tribune., 1906-10-26
WALL STREET AND EXCHANGES.


N.OOO shares, buying on balance The purchases
evidently were for covering OF calls which mature
later on In the especially in United States
Steel common. In London the general market
steady. There strong demand for money,
and the Bank OF England made change in its
minimum rate OF discount The weekly return of
the Bank showed a further reduction IN the proper
ton OF reserve to liabilities, but 1t thought
that this showing would be the last poor for
time to Foreign bourses quiet
and featureless.
GREENE- BAY & WESTERN.-In the Green
Bay & WSstern plan of reorganization deposits
have been made with the United States Trust Com
pany. No cash payments required at the time
of the deposits of securities. Nor will any cash
payments be at any time called unless satisfactory
arrangements finally concluded for the acquisi-
ton of the property. For any moneys which may
be paid the subscribers entitled to dividends
at the rate Of per cent the present stock. and
that stock is exchangeable under the plan for first
mortgage IA per cent bonds at 20. For each 81 900
paid in holders will receive s., 100 in the bonds
The revenues OF the property after paying fixed
charges will then be distributed among the holders
OF the debentures who have exchanged for reor-
ganization certificates and have received $500 in
per cent non-oomuative preferred stock and $500 in
common stock. The surplus and other funds
will then be under the control of the holders
of the asserting debentures and payable to them
on their preferred stock.
CANADIAN PACIFTC-Earnings OF the Cana
dian Pacific have been increasing at the rate OF
81 00G00 a month. compared with last year,
when, it may be recalled. traffic receipts
heavier than ever before. The question OF tncreas
ing the dividend on the stock In January is now
being talked of. and there are good reasons for
| the belief that 1t Will be raised TO per cent
| basis which, with the per cent recently declared
on land account, viii make per cent Tor the rs
| cal year.
| PIG IRON CERTIFTCATES.-Pig iron certih
| Gates at the New York Produce Exchange opened
strong and higher. There was sale Of 100 tons
of special Nos. l. and standard foundry No
vember at ST. First prices for regular follow:
Cash and October, sS TGs1s: November and De-
cernber, SIS 70 bid. Quotations for standard
foundry started follows: January. So $685.
February, 81 759Sz3 25; March, SCI 5G9S2 90 Final
prices for regular the the morning
quotations. New standard foundry ended fol-
lows: January and February. 81 5o9S2S: March. 81
| bid.
INTERNATIONAL PAPER COMPANY ELEC-
TION.-At the annual meeting OF the stockholders
OF the International Paper Company. held at Cor
inth, N. Y. on Wednesday, the retiring directors
were reelected. together with Frederick S. Flower
and Victor Morawetz, who chosen to fill
vacancies. The new board met later in the day
and organized by the reelection OF all retiring
officers.
| APPLICATIONS TO LIST.-The following COM
panies have applied to the New York Stock ESx-
change to list additional securities: The Michigan
Central Railroad Company 100000 additional first
mortgage 31a cent hfty-year bonds OF 1852, and
the Mergenthaler Linotype Company. Seo.OOO ad-
dtional capital stock.
| COLORADO FUEL & IRON OFFICERS RE-
ELECTED.-The directors OF the Colorado Fuel &
! Iron Company yesterday organized by re-el electing
the former officers. It officially stated after
| the meeting that other business Of importance
| had been transacted
| PRESSED STEEL CAR.-The directors Of the
| Pressed Steel Car Company took action with
! reference to resumng dividends the common
stock at their meeting held In Pittsburg wednes-
| day.
| AMERICAN LOCOMOTIVE-The directors Of
the American Locomotive Company at their organi-
zation meeting reelected the old officers Of the
| company.
UNION PACFTC-Union Pacific directors. at
their meeting yesterday. organized for the coming
year by re-electing the present officers OF the
Union Pacific and the Oregon Short Line roads.
ATCHISON DIRECTORS.-At the annual meet
ing OF the stockholders Of the Atchison. Topeka 81
Santa Fe yesterday all the directors whose terms
expire this year reelected They 2. p
| Jones.
CANADIAN TRADE INCREASING.-For the
quarter ended September 80 Canadian exports were
valued at $50 141. 900 and imports at $40 2sS 0Oo
making a total of s150434.0oo. The gain in exports
was 900 and in imports S14626 900. Imports
for September alone were S2s. .296.6l4 and exports
s24 OF, ,O94 representing gains Of three and four
| millions, respectively
| NEW STOCK EXCHANGE MEArBER-CharIes
Mcclure Clark. Of st. Louis. has been elected a
member Of the New York Stock Exchange