New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-22
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses sold
stocks on balance in the local market following the
depression in London. due partly 70 the unsatfs-
factory position OF the Moroccan question but
chiefly 10 weakness in the market FOR Kaffirs Con-
soils were weak Money was IN fair demand for
settlement purposes. and IS likely TO continue SO
until the end Of the month. but II should ease on
in March, unless the Moroccan dispute becomes so
grave as to induce Paris to Increase its gold re-
serve.
MARKET GOSSIP-Representattves or some q.
the largest banks in the city do not expect ser1-
break in the market. Neither do thew look
for important bull movement until the crop out
look Will be more clearly understood. Great North
ern preferred opened down four points on 100
shares. and the decline represented disappointment
over the continued absence of an official announce
ment OF the deal Toward the cIosa tbs
market rallied a little but fl was a very veal,
rally at its best The covering by traders in the
expectation that the market might open I'D a utts
on Friday was probably the main cause for the al
vance After smelters had broken through 100 tina
concentrated selling from a house supposed 70 ZEN
resent people rather close 70 the company STONED
Then there a lot of scattering selling pre-
sumably from the following which the Gugsenheirn
interests have accumulated IN this stock T-nfta5
states steel common received some support iron,
Haugarten & Co. who took % ,0CO shares The sell
ing from the Gates people, according 70 reports
was most persistent in almost every active issue
ST. PAUL DIVIDENDS UNCHANGED-Dtre
TORS or the chicago. Milwaukee and ST Paul hazo
declared the regular serni-annuaI DIVIDEND ., o.
per cent on the common and preferred stocks
WORLDS PIG IRON PRODUCTION-.-r7.
London Statist' estimates the production OF pfr
Iron OF the world IN 1906 at 5s11sOCO tons an ~
crease OF 100000 tons over 1904
1NTERBOROUGH RAPID TRANSIT III J,
rectors OF the marlborough Rapid TRANSIT COR,
pany at their meeting transacted only routine brst
ness No further action Of Importance was taken
in regard 70 the pending merger. though nun,a-o,,s
matters OF detail were considered
LORD & TAYLOR DIVIDEND.-Lord q T,r1o-
nave declared the regular semi-annual dividend %
per cent on the preferred stock payabls March
hooAs close February "A to March !. inclusive. II
IS stated that on May the dividend rate on IN.
common stock Will be raised from & No. ,s,, ..
per cent per annum
CITY INVESTING COMPANY-Tba Cs.,- =,
Vesung company. at special stockholders. n,eet-
ing. by unanimous vote OF holders OF h,a- 60 ~
cent Of the capital stock authorized an ,rc.raa =
the capital stock OF the company from ssOo0 oDo ~
|"V'V' The new stock Will be offered 70 the
stockholders at par. in proportion TO their holdings
OF stock on March /. 1906
AMERICAN WRITING PAPER CO,,p,>-
-AkNINGS-The annual report OF tho AD,er,ce,,
Nrluhs Paper Company FOR the last calendar ,,ea-
s-Io"s to'ai earnings OF S. 1891 decrease OF Ss4s
pol from the total net earnings I'm the previ,,,s -
but the net surplus OF the year o. s2s4 ses - go,
by $3S+S5 because in 1894 there was ,h,r.o5 ~ -
estate the sum OF SS26o5: on the other hand tht.
year there was charge OF 100000 to the sinxtn,
tuhd. against no charge IN the previous wear
INDIANA STEEL PLANT.-G c. .rhorDa ~
was recently elected vioe-PTesident of the Tui,o3
steel Company. will have charge OF the cors,-,,.
ZION work or the proposed $25OOO0o Miami 80 =
United states Steel Corporation in Lake Co,,,r,
i.,' I"e plant VIII engage In the manufactures
OF open hearth steel entirely. The Steel 60.
ton VIII thus have an opportunity 20 utilize -
percentage Of it's low grade northern or.s ~
plant VIII be able TO produce more than 400 90 go
ol ,lishea steeI a year thus Increasing the ,nish
and semi finished steel capacity OF the Irrt,e1 $50
steel corporation to about Il Ooce0O tons
sCC'Essok TO MARSHALL. FIELD -rv,...
eey Keep, OF Chicago. the executor or The ..,,,U.