New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-20
WALL STREET AND EXCHANGES

FOREIGN TRADING-ForeiEn houses dealt -
1900 shares IN the local market. OF Wnioh l"VO
shares represented purchases. In London tnsF'
we're few imuortant changes in prices. Ths min
ing department. including the copper shares was
moderately active and firm Money was IN Eooa
supply in the British capital. bus IN inquiry lof
gold for Paris account was reported. Ths LoD1Ol
markets duIness reflects the Unwtugness OF opes'
ators 70 deal extensively until the Moroccan e-'F
ton Is settled
CANADIAN PACIFIC-The Canadian Paal-5
Railway shareholders. at special meeting Tauns
the PROPOSAL 70 increase the common STOCK "
N5OOOOOO. Sir Thomas Shaughnessy. the pTesasa-
announced that an immediate issue would % Ila-'
of s. 600 900 OF old stock at present "a the treasl
and S11.6S0OoO of new capital, making ne l',-
issue so $4,000 In addition. the directors haFo ~
cided 20 supplement the amount 90 Be secured fo-i
the stock sale by 100000. 70 be taken from s-I
plus The new stock viii be Issued at par a. ~
rate OF one share OF new stock for every ~
shares Of old. and the first payment OF - per 60
Will be made on MAY o next. The new stocA "
rank for dividends on December 81, Lro u -
paid up. More proxies I'm proportion 20 the capl-
Of the company were received than az any prs'''-'
meeting.
OTIS ELENATOR.-The directors OF ne -
Elevator Company anticipate that 10 may Dc vs.
In the near future 10 issue $1,000 preferred 500
now IN the COmpany's treasury, this stock y y
offered 20 the stockholders pro rata az par -
directors have purchased new property al lo-
kers, Buffalo and Chicago, and new buildings an
extensions In several other places viii be na--
The directors were reelected at the annual ~
ing yesterday. The president of the company s-''
that n the company's business continues as P'..
porous as now indicated IL Is the intention OF =
directors 10 place tho common stock on a per -
basis. payable Ia per cent semi annually, the y"
payment TO be made on October IS. 1870
WESTERN GAS CONPANY.-At the ar.A
meeting OF the stockholders OF the Western -
Company. Henry 3. Wilson was elected tr'a
I'm the place Of sheldon j. Glass The o;h3
rectors were reelected. The Western Gas 81
OF the American Light and Traction Cons1,
properties, and, as "a consequence. 40 repoi'
earnings was given ont. the usht and u2.-
company having abandoned the plan OF n,4A~
public The earnings Of its subsidiary properties
AMERICAN STEEL FOUNDRIES-TAe =
earnings OF the American Steel F0uudr.es Con7-
FOR the fiscal wear ended July 81 are expected U
In excess OF 100000 Earnings are now TN
at the rate OF more than S15.00o a month -
earnings OF the Simplex Railway Appliances -
pany. recently purchased by the steel FoHa-.~
Company, are understood 10 have been -"
January Of this year. While earnings show q -
nounced Improvement, due largely 20 the res--s.
uou OF demand and the working on OF unpFol.-
contracts. dividends on the preferred stock arg
mote. No dividend is expected for az least -
COPPER CONSUNIPT1ON.-A large copper -
Stunning interest SAYS that statements % 'A5 -
that the big electrical manufacturers are 80
several million pounds OF the metal weekly as'
In the least exaggerated. He also believes
the estimate OF 100 oo00o pounds as che usia- -
sumption OF copper boy the American Br'ss q
pany, the largest consumer IN the WoT''
tremely conservative. "a
NO MORE FRED TRANSFORMERS -
sILVEA-The Sub-Treasury has reee''s'