New-York tribune., 1906-11-14
WALL STREET AND EXCHANGES.

FOREIGN TRADE-Foreign houses traded IN
5000 shares In the local market. buying 20oOo
shares on balance. In London the general market
was firm Money was in good demand ana VII
continue so until after the close OF the fortnSnty
settlement Gable dispatches said that IL was
thought that the rapid advance or Parls eAchdHse
on London was due to the remittance or money
from Paris to London in connection with the STOCK
Exchange settlement and remittances 70 Lonoon
on account OF payments on Pennsylvania nonos'
The general London market closed strong. WIN
the Hudson Bay issues booming
PORTLAND MINING PRESIDENCY.-Regard-
ing his resignation president Of the Portland
Copper Mining Company, ". H. Baker makes the
following statement:
In ba1s 1ssss nsser 70 e that Mr. Mac
Commercial Cable Company, or tne Fosta! tcS dstS
Ing the property I have been president Of the
t for much higher prices. consider II an excel
lent prSRsgty and and haYe S IT is vaao and
Substantial property. II has been slowly and con e1n-
Way On the Completion Of the railroad in
course of construction the mine " VIII Ib s1mn
and also Blocked out j. G Helm. ex-chief justice
elected PRESIDENT to succeed Mr.. Baker.
ST. PAJLs SHARP ADvANCE--A sharp ad-
vance in the stock of the Chicago. Milwaukee &
St Paul yesterday was accompanied by rev1vai
of runors of early extra disbursement IN Ihe
shape OF additional rights TO sharenolders IN col-
connection with the financing OF the Pacific Coast
extension. officers OF the company will give no
tntinnation as to how soon the sale of portion Of
the stock authorized at the last annual meeting
NAV be expected to take place. As matter OF fact
there Is good reason for believing that the plans
of the company in regard TO this matter have not
yet been definitely settled. though 1t is understood
that the present intention of the Is to
announce an issue OF stock shortly after the
beginning of the new year. anording rights TO
shareholders.
MISSOURI KANSAS & TEXAS.-Ths decision
in the Kansas Supreme Court affirming the right OF
the Missouri. Kansas & Texas Railway to a 200
foot right of way extending $50 miles. is not
sidered as very important matter. 1t should not
be confounded with the Indian Territory land grant
case which is now IN the United States Supreme
Court The land under litigation in the latter case
is estimated worth about s5o,Ooo!ooo
STEEL RAIL ExPoRTs.-American steel rail
manufacturers find 1t impossible with the present
capacity of their mills to supply the current de-
mands In this country at the rate OF SIS ton
They are. therefore not anxious at this time when
orders for next year apparently again overtak-
ing capacity. TO compete for rail orders for export
at rate of SOS ton. which is the rate received by
an English company on recent large Buenos
Ayres contract.
Gates at the New York Produce Exchange opened
higher for regular and about unchanged for stand
ard foundry. There were sales First prices for
regular follow: Cash. November and December.
ssdsl9 30 Quotations for standard foundry
started follows January. s22 5O February. t2 Is
bid; March, 500 bid. On the second call the under
tone was firm, but prices ended the same as they
opened
NORTHERN PACIFIC ExPRESs.-The North
ern Pacific Express Company, whose stock IS held
by the Northern Pacific Railway Company reports
to the Washington State Railway Commissioner
that its gross income for the last fiscal year was
81 O945is and Its net earnings s4Ss,4o4
TENNESSEE COAL AND IRON.-The Tennessee
Coal and Iron Company has made sales OF No 9
foundry iron for delivery in the first half of
wear as high as ST. 80 a ton. Birmingham Some
business has been done a basis OF SIS ton
ROCK ISLAND EQUIPMENT-The Rock Isl
and Company has awarded contracts for new
equipment agg-esating SSoNoooo making total for
the wear of 81 00oOOo.