New-York tribune., 1906-04-14
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were not
factors in the local market. owing to the holiday
abroad.
PUTTING OUT TREASURY MONEY.-Bond
brokers in the Street who have been called upon
to supply bonds out OF town banks state that
the Secretary of the Treasury is quietly putting out
about $500OO in fifty banks in interior cities None
of the deposits large. ranging from $4,000 to
100000. The bonds supplied by the brokers to the
banks are to be used security for the govern
ment money received by them. officers of several
large corporations it Is said. have written Secre-
tary Shaw. stating that in their belief he should
come TO the relief of the money situation inasmuch
as they experiencing in their own business un-
usual hardship in making collections.
PACIFIC COAST.-Persons who have watched
the stocks of the Pacific Coast Company for some
time past convinced that considerable buying of
competitive character has been going At one
time the company supposed 10 be under the
Hill railroad influence but this is not the case. it
is stated in well informed circles. at present In
dCatiOns point strongly TO an effort TO establish
complete control the part of the Hill and the
Hartman interests and another interest of trans
continental magnitude. The first dividend at the
rate of per cent the common paid last
November. The first preferred stock is entitled TO
per cent annual dividends. and after payment of
per cent on the second preferred and the common
stocks these two last mentioned stocks share
equally in all distributions. 1t is competenty esti-
mated that the company is now earning at the rate
ferred requirements.
MOVEMENT OF MONEY.-According TO the es-
timated movement of currency this week the local
banks have gained S1.SS1 900. They received more
money from the interior than they sent out, while
they suffered small loss on their operations with
the Sub-TTeasury. Receipts from the interior were
s4514.OO0 more than in the preceding week. while
shipments were s,4s4. 100 less Receipts chiefly
from nearby points and the South Apparently the
spring movement of currency TO the interior is
about
WESTBOUND RATES CUT-Canadian RAILWAYS
are competing actively than ever for import
business from Europe to the interior and have
made rather sweeping concessions which promise
divert considerable business to the ST Lawrence
gateway. The Pennsylvania has arranged to meet
these concessions in order to protect its steamship
connections at New York. The new schedule be-
comes effective on Monday Of next week Otber
lines at other Atlantic ports will no doubt follow
and the unsettling may reopen the whole trunk
line rate question. eastbound as rel as westbound
CROP CONDITIONS SUMMARIZED.-weathe
conditions over the entire Mississippi Valley and
north into Canada have vet to develop that degree
of lower temperatures which the growing croDs
need Up to date the southern half Of the valley
is still cool and showery, favorine planting and
seeding. but restraining growth: in the northern
half. including the Red River region recent rains
hold seeding in check Meanwhile. the last Of the
summers requirements OF farm implements ,rs
eiently well moistened soil to draw from for n fun
month To come
GRAIN EXPORTS FOR THE wEEK-"Rraa
streets" reports the exports OF grain for the wseI
with COMPARISONS follows: Wheat -four IN
Guided 2362SE bushels. against 215E S1s last week
l'1S-.'oi this week last year 12I3S5 In 1914 aud
-''t'' IN 1906; from July I. 1O1 80 bushels com,
pu WIN 4sslO62i last year. 1l9OS75s9 in 1904 and
i'''i'o91 IN lSS Corn 100 bushels contrss+sd
win SSs5 last week, 229e S7 in 1906 5S3 400 m 1oo,
~ In
- ~. IN lSS; from July l. 90 7g9Ie9 araips,
l,S IA ISVs' 4'IISol4 In 1904 and 81 COZ OOs IN ,as2
GooD DEMAND FOR IRON-T,o,,trta - .
the local market for about I5OOo tons % -, "
IRON over the last week sales OF Ressar,o, -
aggregate more than 10000 tons The I,rga.t -,
u oaS'c was 70 cast IRON pipe interests who foot
pe'"eeh 4o'VV' ana "''V" tons Purchases have boz
larger this week than in any precedins ,aa,- -
some time past. ~ 'Or
UNION PACIFIC CONVERTER. .Ess-FJo,a- 4.
the first lien convertible per cent eold 49, % -
the Union Pacific are informed that pursuap, - 81 :
terms of the mortgage and deed of trus, No.,
which these bonds were issued. the Option n Co.,
vert them into the common capital stock expires on
MAY l.. and that no bonds will be received for con,
version after that date
HEAVY SALES OF STEEL. BARS -Enorrno,,s
sales or steel bars reported. An independe,.
company this week sold 10000 tons reprrse,ttn
gross business Of about 50 OOoOa This acti,i,,, -
due to buying on the part OF the harvester con, !,
panes GUN
APPLICATION To INSTRUMENTATION has haa,
made to the New York Stock Exchange 70 Ust
No'"c"o Si2 per cent t-year bonds OF 1875 OF The
Albany & Susauehanna Railroad Cop,paDv 1h
rnltea railways Investment Company OF San
Francisco has made application 10 list an add