New-York tribune., 1906-04-10
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses aAal. .
loco shares in the local market. OF which 1a0s
were purchases. In London consols were stsady
and Russian bonds irruer The general rnsrks,
was strong London brokers were busy with tbs
adjustment OF the fortnightIy account owing IN
the beginning OF the settlement. The speculative
position disclosed was small. and money condition,
were decidedly easy.
GOLD IMPORTS AND MONEY-The National
City Bank authorizes the statement that ii ha,
secured 100000 in gold for import. The loss ..
d064,000 sustained by the banks 70 the Su5-Treas-
ury on Saturday included the s750OOO transferred
through tnat institution to San Francisco Fron
Friday up 70 the close OF business on Saturday ts
banks had lost 81 90 600 compared with loss n
the same time week ago OF $50 go. The Sub
Treasury had credit az the Clearing House yes
terday OF S5s369- Pension payments should nov
increase The lowest bid rate for call money was
per cent The opening figure was p per csu
and the maximum . per cent. Some Lenders
renewed standing call loans at 20 per cent and
others at % per cent II was reported that one
prominent bank fixed its renewal rate on standing
call loans at IS per cent Foreign bankers con-
tributed a fairly considerable proportion OF ths
money offered
CORNER IN THE TIN MARKET.-It Is b.
lieved on good authority that spot and April in
have been practically cOrnered in the London mar
ket The price for pig tin at present is the hghes,
on record throughout the worlds markets and un-
less something comes to relieve the situation coz
surners in America alone will be uulcted 70 ths
extent Of 10000 COO for their supplies from foreign
countries during the current year. The statistical
position Of the tin market favors the buIsh spec1
Iator. II is estimated that the spot stocks April
were about 4O0 tons and that ar the present rats
OF consumption this will be reduced 70 500 tons BY
May l. The visible supply OF tin April I was
Exchange statistics. reduction OF 1900 tons during
the year. Prices have advanced during the year
a bout fSO ton in London. and in New York from
251z cents pound TO 50 cents
COPPER TRADE CONDITIONs.-It IS stated
that the American Metal Company. the United
Metals Selling Company, the Aralgarnated Copper
Company and a number Of other prominent pro-
ducing interests practically out OF the market
through June. Recent inquiries at the American
Metal Company by a prospective customer were
met with replies that there was no copper 20 be
obtained there. Amalgamated Is understood 70
have been considerable seller OF the metal abroad
within the last week or ten 6ays price equva-
lent 10 1914 cents pound London took part Of
the metal while the greater portion IS believed 70
have been for German account. A large producing
interest says IL is within the power OF the copper
interests TO advance prices quickly 70 20 cents
pound. yet there Is no inclination on the part Of
the producers to take any such action.
EFFECT OF CHINESE BOYCOTT - Reports :
from Southern cotton mills which have been sup
pNlng the CEllneSe Jrdle state Jhar cOnSldeIa4-s
number Of factories which a year ago had orders
six months ahead have for some time begun 70 feel
the effects Of the Chinese boycott through the lack
OF orders for the future Many Of these mills Do
not YET where another market IS 70 be found
and are anticipating. If not already tnaugurattns
cutting down OF running time Certain mills n
Eastern South Carolina which largely consume
Egyptian cotton have found it impossible TO gst
an adequate supply.
AS TO CLOSING EXCHANGE IS sors
speculation to whether the Stock Exchange vii
be cosel on Good Friday The governors OF me
Stock Exchange are expected 70 vote or the prog
osftion at their meeting tomorrow. The reinueiS
have already petitioned the governors 10 close nc
Exchange Owing TO the t.Shtnsss OF the money
market 1t is reported that the governors m2s
decide to keep the Exchange open
THE CONTROLLERS CALL.-Now that ths
Controller OF the Currency has called for us
statement OF the condition of the national banks O1
April 6, it will be no longer necessary for COUNTY,
banks 10 withdraw cash from their correspondents
in order to strengthen their reserves. A modsfa"
return movement OF currency from the intes'''
may therefore be expected to begin at once
PARK & TILFORD BONDS PURCHASED
Mackay & Co. have purchased 100000 PARK & =
fo-d Per cent thirty-year sinking fund deoen'~'
bonds of an authorized issue of Sso'o'o The oul'
100000 bonds have been purchased BY intsFesS
connected with the business for permanent ia''''
~