New-York tribune., 1906-10-13
WALL STREET AND ExCHANgEs


FOREIGN TRADING-Foreisn houses dealt 4.
1000 shares in the local market. buyfng 50o =,
balance. In London TIE general market was au,s,
and generally firm There was the usual irouir1
for stock Exchange loans. but these were obtain
able at fairly reasonable rates. Firr1ess va.
noted in the Continental discount markets and H.
dicatiCas pointed to advance IN the discount
rate OF the Bank Of France az its next meeting
CANADIAN PACIFIC OWNERsHIP.-A proml-
nent local fnancie- discussing the principal Cana
dian and American railways. says: "One oftsa
hears OF J. j. Hill owning such railway. and O.
Hartman owning another railway. but do you
want to know who owns the Canadian Pacific Rail-
way? According to the conpany's books there are
thirty thousand shareholders, making the averags
holding only forty shares. and II be rightly
said that there IS not single person who Is what
might be called a very large shareholder. THIS
makes It possible to say that thirty thousand pso-
pie IN all parts OF the world the owners OF ths
big Canadian railway, which IN ten years VIII %
receiving more from Tvs ownership OF lands than
the Hill roads will receive from the deal. Ths
Canadian Pacific oEcs, IN addition 70 other lands
100 COO acres OF coal lands 10000 OF iron ora
lands and 10000 acres in which the precious metal
is being developed"
BANKS GAIN CASH.-The reported movements
OF currency this week indicate gain n cash hsld
by the banks OF SS 126 so The banks received from
the interior si537 100 and sent TO the interior aSz
500 The total gain By new gold was ss.24s,soa by
special United States deposits A000e and
Sub Treasury operations proper S31SN0. making
total gain OF SIS coo DedCctiug nom this amount
the loss TO interior and tne return OF Cnitsds
States deposits against gold imports lsft tbs bal
ance as indicated above. The net loss to the IN
terror compares with q gain in the same week
year ago Shipments chiefly were for Southern sc-
count
THE NEW RUSSIAN LOAN.-Ths new Russian
loan which II is proposed to issue toward the end
Of the year for amount equivalent TO SSss"ss
will have no effect upon the money markets OF
this country or OF Europe, including Russia Nseil'
because arrangements have been made ror II % %
taken by the Russian state savings banks. 4As
ooeration simply amounts investment By these
banks Of their deposits in the new loan They are
authorized by law TO invest the money Of their
depositors only in certain ways. one OF which ID
the purchase OF securities OF the Russian govern
raent.
NEW YORK AIR BRAKE.-The APPOINT advancs
in New York Air Brake was accompanied By ~
Tnors OF an increased dividend. There were even
stories that rights were to be issued All SnaI a
prominent officer OF the company Would say was
that the earnings were improving He woula NOV
commit himself on the other questions. but y -
known that he Is IN favor OF a more liberal return
to stockholders.
GRAIN EXPORTS FOR THE WEEK--"BTad-
streets reports the exports Of grain for the week
with comparisons. figures in bushels. as roHo"s'
Wheat -four included 3,cS7ssS, against +stIoA 1s'
week. 2774462 in this week last year. 1So7r1Io u
1904 and 5ss6 O7s in 1901: fiscal year 10 date. SH
conpared with SST IN 1906 1880 $50 IN lsA ans
so57SS25 in 1901; corn. 1.22.sSo. contrasted WIZ
s4s oss last week esq in this week year ago ana
s575l7 in 1904: fiscal year to date. 1oSO2a asAi''
16 4S2 sol In 1905 and s.047S59 IN 1sA
COLD ARRIVAI.-Fofty-six boxes OF BAR soH'
valued ut E4S550o arrived yesterday morning Hos'
southampton on the steamship Deutschland o. ~,
Hamburg American Line The gold wsS eonsls 50
20 the following; Twenty-eishr boxes 10 s~ lH'
al City Bank value zoo: fourteen boxes 70 oEs
,-a,us ST OOo and four boxes 70 Heideloacn IcN''
heimer & Co. value fSI.5O0.
MONEY FOR THE PHuIPPINEs.-rn' suO'
Treasury has transferred for the deposi1o-s =. -
Philippine government S,NoeOo to san ssI
TO be shipped themes TO Man1a- Ins n.0Nes .-
annear as a loss to the banks. because tns '0as.
~ the PhiIippfnne government Is kept On oo'0s''
IN two banking institutions Of this city, ms 11a.
sn,y Trust Company and ths IntsrnadonA oAA-'
Ing Corporation
CuAsE NATIONAL. BANF--A meeting or 20
stockholders Of the Chase National Bank n.s -
caIlsd fer Monday, November Il. TO consoss -
,ua.+Ion OF increasing the capital stock Ok -
bank and to determine The amount OF SUI ,-.t
craass Ths present capital OF the Chase 49, 49, g.
is aoCoeoO. II has a surplus or t0'V"VV" ar.
the new law. a bank cannot loan 20 any 80 rsa
son NOR, than % per cent OF tbs capirA~ -
nronaIfto1 VIII be made TO transfer pArs % III
surplus TO the capital account 49,. o.rttc-
pro IRON CERTTTICATES.-Pts IRON 20"
Gates at the New York Produce Excnanss -
day steady 20 lID AA0A0 49,
lions Prices for regular we're; Cash' " r.n
November and December. ssGsls T5 January. -,
ruarv and March, so Is asked 0ue"u "a
standard foundry follow; October NoVs ,na
pecsmber SIS 5OGS1: January, FeorHA'
March, 81 asked.
POSITION OF COPPER-Many OF the - ..s S,,-
sucers OF conner including the AnlalsamA'e a..
per Company and Phelps. Dodge s. 90, ,ntf
cIining to sell copper for delivery iaE az s",ur.
they ars IN better position to forecast tns sssa
NEW YORK CENTRAL~-AppAcauoh =, Nat
made to the New York Stock ENohSns - vorx
$50 Sss60o additional capital stock OF - N19
Central & Hudson River Railroad Conlpa1s CpS1,a sau
SAN FRANCISCO BANK c1SASiSs Is-Nso. "a
Francisco bank clearings for the week ,ss
ISL O45 being an Increase OF Il per een' ''~
same week last year. .,,syv-rhs
MANHATTAN MORTGAGE COSif N-,--.a a
Manhattan Mortgage Company mas us--.ssas
stock dividend OF 20 per cent payaoAs " G
holders OF the companys stock on OS's '" ,srss
The holders OF the old shares VIII 49,.
shares OF new stock for each ten no" - tns
SUGAR I.OwER-Au rshners have rsau.
selling price OF granulatsd sugar 10 '