New-York tribune., 1906-11-15
WALL STREET AND EXCHANGES.

FOREIGN TRADING-ForeIgn houses dealt IN
Is 600 shares in the local market buying about
10 0OO In London consols were steady ana the
general market was quiet. Money was IN good
demand The fortnightly settlement passed OF
without serious disturbance and no failures, were
recorded The Bank of England appears 70 be
getting gold gradually. but there Is no prooaoN'S
of any change in the bank rate to-day The re-
turn however, should make stronger showing.
THE CONDITION OF NATIONAL BANKS
One influence that has been felt in the money
market in the last days has been the necessity
which the national banks have felt OF keeping their
high as possible IN expectation OF
call from the Controller OF the Currency for a
statement of their condition That call has now
been issued for a statement Of condition at the
close Of business November 12- In former years
money rates generally have eased on after the
Controllers call has been made. The next call
probably will not be issued till some time in jan
uary and in the time the necessity for win
dow dressing" will be experienced TO such de-
gree in the last two or three weeks
NORTHERN PACIFIC--The heavy buying Of
Northern Pacific stock in the last few days is
based. it is understood. forthcoming rights
which will amount TO about $40 share. and pos
sibly s45 or The plan for this distribution.
which is understood to be practically decided upon.
and awaits the arranging of minor details and
propitious time for announcement calls in the first
place for the issue of block of capital stock
the extent Of about $50 900 .O0O This stock will be
offered to the stockholders at par. II IS under
that the proceeds will for the purchase Of
equipment and improvement and for capital
izing construction
SLOCUM SUCCEEDS SAGE ON MANHATTAN
"I." BOARD.-At the annual meeting Of the stock
holders of the Manhattan Railway Company. held
yesterday. the retiring directors were reelected
]. ]. Socum. who added to the board about
month ago to succeed the late Russell Sage was
reelected by vote of the stockholders. The board
of directors organized by the reelection of George
]. Gould. president: Alfred Skitt. president
and D. W. McWilliams. secretary and treasurer.
The executive committee IS composed OF the fol-
lowing: Samuel Sloan. R. NJ. Galloway, Alfred
Skitt, John T. Terry and Edwin Gould
PACIFIC COAST-There was buying OF Pacific
Coast stock by St. Paul interests. and a result
the stock gained than I point. The Pacific
Coast Company has such valuable terminals and
other property rights at Seattle that the Union
Pacific. the Great Northern. the St. Paul and the
Canadian Pacific all anxious to secure a pre-
dominant influence in the company. and while each
company interests identified with them have
stock Of the Pacific Coast Company control has not
yet passed TO any one interest.
PIG IRON CERTIFICATES-Pig iron cartfH
Gates at the New York Produce Exchange opened
steadier on new standard foundry. but unchanged
otherwise Business quiet. Initial quotations
for regular follow: Cash. November and Decem-
Der. s1SQSs5o First prices for new standard foun-
dry follow: January, February and March So 500
s23- On the second call business continued quiet
Prices ended the same they opened.
APPLICATION TO ILST.-Application has been
made to the New York Stock Exchange to list an
additional Sl.m0o0o consolidated mortgage per
cent bonds OF the Central of Georgia Railway
Company.
ADAMS EMPRESS CONGRATULATIONS Of the
Adams Express Company have declared the usual
semi-annual dividend OF 81 share from the earn
ings OF the association and s. share out OF reve-
nue. from investments
NEUTRALITY-SUSPICIOUS. IN Anaconda stock fol-
lowed the announcement OF the new rich strike
made at the mines which 1t is estimated is worth
s20,0O0,00O to the company
WABASH EQUIPMENT-Withtn a fs,- ,,sa1.,
the Wabash will contract for s12 900 o1 ~
cars.