New-York tribune., 1906-03-28
WALL STREET AND EXCHANGES.

FOREIGN houses n
between $1,000 and 10000 shares in the local mar
ket. all purchases There was good demand for
Erie, Steel common Atchison and Southern Pa
Cihc for foreign account In London the general
market was fairly firm with marked strength in
the copper stocks. Money was easier both IN Lon
don and Paris.
BANKS LOSING CASH TO SUB-TREASURY-
The large losses of the banks TO the Sub Treasury
this week, amounting already to S1,S46OOO are
caused by heavy payments cf customs. which were
100000 Monday. by large transfers Of internal
revenue collections. payments into the per cent
fund and payments FOR silver coin 10 be sent 70
correspondents The announcement by the Secre-
tary Of the Treasury that free transportation for
silver coin would not be allowed after March 81 has
caused banks all over the country to make requi-
siticns for supplies Of such coin sufficient last
them for some time. and payment for the same Is
made by draft TO their New York correspondents
In this way payments are concentrated within a
week for the amount Of coin that ordinarily under
the previous conditions Of free transportation,
might not have been called for for several months
ACKNOWLEDGEMENTS Nor
ton Trust Company has issued a circular TO the
holders Of Morton Trust Company deposit receipts
issued for stock Cvotng trust certihcates) Of the
Interborough Rapid Transit Company stating that
holders Of these deposit receipts, which carry the
dividend Of per cent, payable April ? 1905. with
respect Of the deposited stock trust certificates OF
the InterborouEh Rapid Transit Company, may col
lect said dividend by presenting their deposit re-
Cepts TO the Morton Trust Company on or after
said date. in order that payment may be stamped
thereon. Checks for such dividend will be made
payable 10 bearer The engraved bonds and voting
trust certificates for common stock Of the Inter
borough Metropolitan Company are expected to be
ready for delivery about June l. 1906. of which
toe will be given hereafter.
CHICAGO & NORTHWESTERN.-A a meeting
Of the directors Of the Chicago & Northwestern
Railway Company r. FL Williams was elected
treasurer and assistant secretary, in place Of o.
Howe. deceased. and VI. s. Van Zaudt was elected
assistant treasurer and second assistant secretary.
DIAMOND MATCH.-A special meeting OF the
stockholders Of the Diamond Match Company has
been called for May l. in Chicago, for the purpose
Of authorizing an increase in the capital stock from
S5CO 600 to S16O0OOOO
UNITED STATES STEEIA-Represerta tatives OF
the United States Steel Corporation, as we'll as
other leading steel concerns declare that the re-
ports bearing upon falling OF IN orders have IN
NEST cases been grossly exaggerated
HEAVY RAIL ORDERS-At the rate steel rail
orders are now coming In the mills Of the country
VIII soon have their possible production sold for
the entire year. In the last two weeks new busi-
ness aggresating 175ooO tons has been placed.
AMERICAN TELEPHONE AND TELEGRAPH
ELECTION.-At the annual meeting Of the stock
holders OF the American Telephone and Telegraph
Company held I'm this city yesterday. the retiring
board Of directors reelected. except that
George 7. Bradley. VINO died suddenly on Monday
was succeeded temporarily by Thomas B. Bailey
The annual report has already been published
The meeting entirely Of a routine character
There were represented. either I'm person or by
proxy LICo9i2 shares Of stock, all o. which we're
voted in favor of the ticket already announced
At the meeting of the board OF directors, which
was held Immediately after the stockholders meet
ing the retiring officers were reelected with the
exception that Charles P. Ware succeeded C.. J.
French n vice-prCSideut
CORN PRODUCTS COMPANY.-At the annual
stockholders meeting Of the Corn Products COM
pauy yesterday the directors were reelected