New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-08
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses deaIt IN
u 600 shares in the local market. purchases pre-
dominating In London the general market was
strong with an advance in consols OF over per
cent The Kafir stocks also were strong 1eatteS-
The fortnighty settlement began under better con-
ditions than had been expected. and there was no
indication Of coming important failures Rates Tor
loans were made at a cheaper price IHah at INC
last fortnightly settlement
AMERICAN CAR & FOUNDRY--The net earn
inrs of the American Car and Foundry CompahS Ior
the quarter ended January 81 last were sI'Vo9IIV'
against s7173e for the preceding quarter and $3.50
an for the first quarter the present fiscal year.
making total of 81 351160 for the three quarters
The net earnings for the twelve months ehueu
April 80 1905. after charging on S3o''So' Tor ne"
construction were s262s117. Directors Of the com
many have declared the regular quarterly dlVloehu
Of IL per cent the preferred stock payaoie
April 2.
If commodity prices proportioned 70 consumption
WAS 1904 204 on March l, against SlOfo1l month
ago and sl01 eSs year ago. Although htue cndilse
occurred In the aggregate during February there
was general decline in almost every class OF COM
n,odittes with the striking exception OF the ms
cellaneous division. which not only neutrdIi-eu 'e
effect of other losses but provided small net rise
Tho total in this miscellaneous class IS higher than
ct any time in about thirty years and the recent
rise occurred chiefly in building materials Aside
from general advance in meats, most FOOD prod
nets became cheaper and it is particularly striking
per cent higher than March 1, 1905, despite the
fact that foodstuns have declined about per cent
There is little evidence OF change IN the generaI
business situation during February in 50 FAR as IN
dictated by the course Of commodity prices, the
bright agricultural outlook tending TO cheaper
breadstIffs while the unprecedented structural &C
tivity carried lumber and many other materials TO
a still higher position. Notwithstanding the ad-
vance in prices above the level Of February l, the
index number almost per cent lower than on
December l. 1905. when the high record for recent
years established
MAY ADVANCE FEE.-The board OF managers
of the Coffee Exchange have under consideration
the matter of raising the membership fee from
$500 to $4,000 The idea is that it would enhance
the value of membership certificates. There are
1923 membership certificates afoat and the
selling price is about $500. The exchange how
holds certificates at the present initiation fee
of 5000
INCREASE IN UNITED STATES DEPOSITS
The increase in United States deposits is being
made by Treasury warrants in favor of the banks
which have been designated to receive them so
that the only delay in depositing the full 100000
will be caused by the banks themselves in not hav-
ing the necessary securities ready
AMERICAN GRASS TWINE.-J. D. Probst r. d
Cochrane and l. 5. Stump have been elected d.
rectors of the American Grass Irvine COMPANY To
MI vacancies in the board. The directors whose
terms expired reelected
AMALGAMATED COPPER-A fnancier in close
toueh with the affairs of the Amalgamated Copper
company SAYS II there Is setback d
industry Within the next or three months The
dividend on Amalsamated will he increased AZ rho
meeting in April
BETTER INQUIRY FOR IRON-IocaI mann,
facturers report much better inquiry for foundry
IRON and orders are being received in rather baraI
volume The demand from the West is partic,IarI,,
good The improved tone of the n,arkat 49,
many dealers 10 believe that the belated brvirs
movement is close at hand.
AMERICAN PNEUMATIC SERVICE CO>I
PAN1-The American Pneumatic Servtcs CIV,
pahy mas applied 20 the New-York Stock Excba,ss
to list 100000 preferred stock and s. 2so70o con-
stock. 't
MONEY FROM SAN FRANCISCO-IocaI harI.
nave received from the Sub-Treasurv 500 0oo o.
geographic order against the deposit OF new, s,lI
nj the San Francisco mint
MACkA1 COMPREHENSIVE regular ouartsr,,-
dividend Of 1 per cent the preferred has haen
declared BY the Nackay Companies payabls
April ?
lNFERBOROUGH BANK-StoCkholders OF the
lnteroorough Bank have voted TO increase In.
capital stock from 100000 to $4,000
FRANKLIN TRUST DIVIDEND-The dtrec;orz
CT the Franklin Trust Company. No. 40 Broadway
have declared quarterly dividend Of sis per cent
payable March 81. 1906. which is an increase of u
per cent quarterly. making the total yearly dtvi
dend II per cent