New-York tribune., 1906-04-12
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
25ot0 shares in the local market mostly purchases.
In London the general markets were strong. Money
in fair demand. and there was further evidence
OF the transfer of New York speculative accounts
TO take advantage of the lower money rates in the
British capital The American demand for gold
had no effect on the foreign markets. Bar gold
was higher. reaching the highest price since De-
Cember 1903.
THE COST OF LIVING.-Dun's index number
of commodity prices proportional to consumption
S06066 April / against S1O4 2O4 a month pre-
vious and $40 2OS year ago Prices are now at the
highest point since February 1884. but lower than
at almost any date prior to that time. During the
intervening twenty-five years the index number fell
to So 455 in 1897. when commercial depression
pronounced prosperity IS now. Although
speculation may carry few products to danger
extreme at times IL appears TO be fairly well
established by this record the course Of prices
that better measure Of the country's prosperity
need be sought. The advance during the month OF
March was we'll distributed throughout the list.
nearly every class showing some Increase al
though articles of food made the most pronounced
gain. The section embracing dairy and garden
products rose almost 10 per which is largely
due the practical exhaustion OF last seasons
vegetables and fruits and the high prices for early
receipts of the crops. There Is usually some
offset at this season in cheaper eggs and dairy
products but the former had weakened IS cents
dozen from December to March I, so that steadi-
ness during March not surprising. and the
decline in milk and butter trihing. Slight
recovery in breadstuffs TO be expected IN view
of the persistent decline of the preceding four
months and it is worthy note that the total for
this class is almost 10 per cent lower than at the
corresponding date last year. Despite the phe-
nomenal strength OF tin and some other items in
that section. including the failure 20 announce
the usual spring discounts for anthracite COAL
there a small loss IN the metals class
Chiefly because the further advance In prices Of
lumber the total fo~ the miscellaneous class rose
above all records since 1874. which is the most
striking comparison OF the month
PACIFIC COAST.-It is understood that several
different interests are seeking the control OF the
Pacific Coast Company. and 1t may be said on the
authority OF the people who interested in the
property that offers have been made for the stock
the Exchange. These offers are for enough OF the
stock to give the buyers control.
NATIONAL RAILROAD OF MEXICO BONDS
Speyer e Co. have purchased from the National
Railroad Company OF Mexico 100000 Of its prior
lien AZ per cent gold bonds. These So 10000 bonds
complete the amount which be issued under
the prior lien mortgage. and the proceeds thereof
will be applied toward reimbursing the National
Railroad Company of Mexico for the cost of the
Tidalgo & Northeastern Railroad. which 1t has
quired.
INTERNATIONAL STEAM PUMP SPECIAL.
MEETING.-A A special meeting of the stockholders
of the International Steam Pump Company has
been called for May s. II is understood that the
purpose Of this meeting is to consider the acquisi-
ton of some additional properties.
CANADIAN PACIFIC'S BIG EARNINGS.-Earn
inss of the Canadian Pacific the first week in
April show gain of $4,000 making from July l
gain Of s. $50 500 Canadian Pacific interests vel
the proposed Hill plans for another trans
continental Canadian road, they believe such
road would help the Canadian Pacific by opening
country and increasing the Industrial prosper
ity of the Dominion.
GULF & SHIP ISI4AND-The Supreme Court
of Mississippi has just decided that the Gulf & Shin
Island Railroads charter is subject TO the
crGers of the State Railroad Commission. The new
constitution of the prohibits the granting ~
charters 20 railroads for more than twenty years
and places them under the commissions orders
The decision is based on the sweeping terms OF the
Gulf & Ship Islands charter. which is perpetua!
and was granted before the new constitution was
ratified.
NEW YORK. NEW HAVEN & HARTFORD
The New York Stock Exchange has received notice
that the Ne@ York, New Haven & Hartford has
increased its capital stock from ss92 800 to 800
oS691o
ASSOCIATED MERCHANTS.-Not has been
received by the New York Stock Exchange that the
Associated Merchants Company purposes 10 in
crease its second preferred stock S5.GOO0ON.
HIGH COFFEE EXCHANGE SEATS-The bid
price for Coffee Exchange seats is $500 a
gain of 5000 -nce Tuesday.
AN UNCHANGED NORTHERN PACIFIC DIV
IDEND.-The directors OF the Northern Pacific
Railway Company have declared the regular quar-
tegly dividend OF ia per cent
SECURITIES LiSTED-The following securities
have been added the Stock Exchange list,
A.0o0cGO additional preferred stock OF the General
Chemical Company; S9O64.50O additional capital
stock of the New York. New Haven 4 Hartford
Railroad Company; A72sl eco additional hfty year
Yer cont. fa