New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18
WALL STREET AND EXCHANGES.

77OprrcrJ TRADING.-Foreign houses were not
active in the local market, dealing IN only d IL"
thousand shares. In London foreign Dol-NS w.
irregular and consols slightly lower. The genera
market was dull Money was in good supply IN
the British capital owing to the release OF IaTs5
sums through the paying of OF treasury OAls anu
large government disbursements. II IS not Dc
Iieved that there will be any striking movement IN
the foreign markets until a settlement mas O00H
reached in the Moroccan question.
FOREIGN EXCHANGE CONDITIONS-C schu-
macher & Co. say:
the time Of issuing our last report prime MAZDA ds
future ' On Monday one Of our national banks en-
eaged 81 $4,000 gold for import This engagement
could not have been made, except that panks VINO
are members Of the Clearing House are allowed 70
count reserve an engagement OF gold mage IN
the foreign market IN TINS way Iney Ts19 sI9 md
obtain weeks interest, which, figured at per
by being allowed to count gold in transit in their
reserve, Gaming our tunds agalnsL IT, tlsH ILL ali
foreign bankers could DO the same transaction The
market and created a bigger demand for exchange
than the small quantity Of cotton ana gram gram ol-s
advanced sharply, selling at ass. on Thursday the
ming Gp to s per cent allowing bankers to draw
finance bills literally, and at the present moment
sterling is selling at S565 We believe it is quite
iiSeiy that exchange win go down TO the gold i'm
Gus circulars, it will be governed entirely by the
in Stocks win mean more demand for money and
lower prices for exchange, but severe liquidation
in the stock market. causing lower money rates.
will naturally mean higher exchange
FINAL ROPE AND TwINE PAYNIENT.-The
reorganization committee Of the Standard Rope
and Irvine Company has called upon subscribers
to plan for the third and last instameut OF their
cash subscriptions, TO be paid or before March
g. This payment IS 30 per cent OF the entire sub
scription, the first two having been . per cent
each 1t IS required OF the owners of both first
mortgage and income bonds.
PIG IRON CERTIFTCATES-Re and foUn-
dry pig iron certificates the New-YOrk Produce
Exchange were barely steady. but Inactive Final
prices for regular follow: Cash SIS bid; March,
S5 1GH6 90 April. SIS 1886 %; May S5 TQS16 IS;
June. SIS 9OGS6 20. Final quotations for foundry
follow: Cash and March SIS 1886 20; April. Sic 90
asked. The managers Of the Produce Exchange
have authorized number of important changes
in the form Of contracts for pig iron the changes
applying particularly the form Of certificate
issued by the Farmers Loan and Trust Company
and also to the classification OF iron.
CENTRAL RAILWAY OF GEORGIA.-It Is re-
ported that plan is under consideration for the
exchange OF Central of Georgia income bonds
against direct lien on the property. The report
comes by way OF Savannah, where the income
bonds are largely held. The plan IS still rather
Eebulous. but the idea seems to be to exchange
4 per cent fixed mortgage at the rate OF par for
the first incomes 90 for the second and s. for the
third
TWIN CITY RAPID TRANsIT-There is ade-
quate authority for stating that the dividend
Twin City common stock will not be increased at
the next declaration. People entitled speak with
authority say that the earnings are excellent and
increasing, but that all the surplus can be used
to advantage the extensive improvements in
progress.
THE COTTON Observation-Disclosures to THE
Financial Chronicle the total receipts OF cotton
for the week ended March 16 1895 were 1W 5g7
bales. against 2SI In the preceding week and l0l
the before that. The total receipts since
September l 64H125. against 7.GS2IJ7 for the
same period last year decrease OF $1,000 bales.
| UNITED STATES DEPOSITs.-The total amounts
In Baltimore. $l,6s5oJ0. York 81 10000. Pha-
delpha. H12ooOO Boston. &2S6oO0: Chicago. $780,
| 600 St. Louis $4i5CO0; New-Oreans. slOCGoo Total
! S9S5IOO0.
| MISSOURI PACIFIC.-Talk that Missouri Pacific
| is being accumulated and that the Gould interest
has enlisted the aid Of a number Of wealthy men to
! bull the stock Is not credited the floor. The
buying by Butler Brothers Friday appeared to
| be OF the very perfunctory sort. and there was
! more stock taken for the account of shorts who
| covered contracts put out over six months ago
! ADMITTED TO QUOTATTON-Missour. Kansas
| q Texas Railway Company subscription receiuts
iuA PAID. and first instament OF $500 paid for tina
! general mortgage ~ per cent sinking fund bonds
| nave been admitted quotation In the unlisted
| department OF the New-York Stock Exchange
/ Al fl-ICAIION TO LIST.-AppiCatiou has b,.~
ihaae TO list %o0O00OO of common stock ana $40 ooo
w OF preferred stock OF the Corn Products Reani,
company on the New-York Stock Exchange
o<ANA CLbAEtING6.-Ths total bank olsartr
u INA United States Tor tia weak ended AEaroh 70