New-York tribune., 1906-05-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were not
active factors in the local market. selling upward
was firm. although inactive. Money was relatively
easy. with open market discount rates a trife
lower On the continent quotations for stocks were
generally strong Bar gold declined I'D
CURRENCY MOVEMENT.-Local banks received
from the interior S7,924,OOO and sent TO interior
$685. 200 this week Gain from interior 1926. 800.
Receipts Of gold s.. .s39. .9OO Extraordinary
disbursements by Sub-Treasury were special United
States deposits OF S4.OOOOOO in banks against gold
engagements. Extraordinary receipts were the re-
of $65OOOOO Of the temporary deposits by banks
to Sub-Treasury out Of gold imports Ordinary dis
bursements by Sub-Treasury were s27.6O1.SOO Pay
ments by banks TO Sub-TTeasury were S26.3Ss.1OO
Gain Sub-Treasury operations proper. $1.262.50O
The total gain from the interior new gold and Sub
Treasury operations proper was S12.12S,1OO De-
Quoting from this the loss OF S6.5OOOOO by the
turn Of special United States deposits the net gain
was S562S.7OO.
PIG TIN CONDTTIONS.-A director Of the vul-
Detinning Company says: The rapid advance
in pig tin is caused by the ever increasing con-
sumption Of the metal while the source of the sup
ply is decreasing. making strong technical posi-
tion of the metal. The decrease is caused by the
gradual change Of the placer mining where the
metal is washed 20 lode mining. which is
pensive and more dificult. Furthermore. in the
Straits Settlements and Java, difficulty is being
perienced with the cOole labor. which has caught
the spirit of the times and Is demanding more
wages and better conditions. and many are going
to the Transvaal The market for pig tin in Lon
don is 80 cents pound. against 80 cents in May Of
last year. an advance OF so per cent
SOUTHERN PACIFIC MARCH REPORT DE-
LAYED.-The March earnings of the Southern Pa
cifc company. which usually published coinci-
dent with those Of the Union Pacific will not be
for some time yet. The San Francisco fire
destroyed most of the records of the company kept
in that city and this is the the delay in
the publication Of the cOmpany's March statement.
II is expected that the April report Will show some
decrease in net. the free transportation the
system offered by Mr.. Hartman will naturally cut
into the receipts Of the road for the time in which
IT in operation.
PITTsBURG CAPITALISTS IN MINING DEAL
Considerable interest has been aroused in mining
circles recently by the acquisition Of the old Cable
Lease gold mine in Montana. by a group Of proIn-
Pittsburg capitalists The mine has been
yielding gold steadily for number OF years but
has never been worked extensive scale. 1t is
the purpose OF the men who have recently gained
control of the property install modern equipment.
GRAIN EXPORTS FOR THE WEEK--"Brad-
streets reports the exports Of grain for the week
with comparisons figures in bushels. follows:
Wheat. -four included 2142O62 against 21Ot74s last
week. 1856 in this week last year, 7S S6 in 1904
4O9759S in 1903; July l. I5.T4s11l. compared
with "a 492 426 last year 1851 S in 1904 and 194 3S
75S in 1903; corn l57S74O. compared with 1OS5.Sl5
last week 1882 in this week year ago. 12O.15S
1900 and 14S1257 in 1903; from July I. 1O5511Os
contrased with 7.5O4O5 in 1885, 4S57S1O6 in 1904 and
5SS7IOSO in 1898.
CROP CONDITIONS-"The Modern Miller" says
Reports that dry weather is unfavorably affecting
winter wheat conditions are being received but are
few and scattered. except in Northern Missouri
Drouth has been generally prevalent for several
weeks that locality and the wheat crop is suffer
ing severely for the lack Of moisture Otherwise
nothing especially unfavOrable regards the crop
condition is reported there Is need Of rain
most Of the winter wheat belt.
ADVANCE IN COPPER.-LAke copper advanced
1kc in the bid and asked prices 1885 to 1ssc Elec
troytc advanced nc IN the bid price and 1sc in the
asking at lsls 1850 Casting unchanged at IS to
1S6c
TO RE ELECT KANSAS CITY SOUTHERN OF
FICERS.-The directors Of the Kansas City South
organize II is understood that the present officers
will be reelected.
SUB-TREASURY TRANSFERS-The Sub-Treas-