New-York tribune., 1906-06-17
WALL STREET AND ExcBarsTc


FOREIGN TRADING.-Foreign houses war.
active factors in the local market. their ~
actions consisting chiefly of evening nm -
In London all departments OF the rnarJ,s- v,.s -
exception OF American stocks were veat ss- -
further decline n ConsOls and Russian hrr5s -
Kaffr market was demoraIized BY the hsa,-~ ~
dation for Paris account. London advice, -
that uneasines had developed in Aran.i,T .s--e I4
over the possibility OF trouble in Paris sq -
the severe decline in Russian securities ~
was easy in london and there was m r,a..s-,
change in Continental discounts.
FOREIGN EXCHANGE CONDITIONS
macher & Co. say:
The feature OF the exchange rr7~l,a+ ,4,-s-., =,
week was the inclination to sag Tfis --.-s las
uenCy was caused by an overbo,,1ht ,(l;- 7-;s- 81
the market. and really rarresa,rsJ Ne,,4Liloh q
nor less than realizing by sUecuIsrlrs ( ae5s S
bought IN order To sell "a an advance m 10 - la1
OF exchange remains very strong f0r fFe +ll el
and VIII continue 10 become strera,thsrs5 - lel-
be made al about mar rir,a er7 nces igllances VII
influence beyond the first OF the rl0nrS - 49, 49, az
NAV not witness a low exchange rlsrget . -.as so
IalltI I part or august IL seems 20 u.s. however :
part Of this year very low -xchange will ,,.T'
e93eCI'Iy Tor francs and marks owing 10 tae rr9b
At the present time OF the fes-ures n ~ sew
dLloII = tne low rate Tor time and can money Va
proved As soon as funds viii be- needed n w ~
ior oUr crops the money market is very f75ls N
cas-
tie SITUATION VIII He the selling Of long bills by al
or our bankers This will probably be The signal
" " vie tsS---pL.'ll or To-" eAcqd'lSe With
pie use tgr money y Is unlikely that these IoHr
bills VIII be paid OF when they drsr rnature s7i
they Will probably he renewed until nexz s0rirg
tahihs away tne support which The marker nigh,
expect il these foreign loans were 70 be raid az
during the winter.
SALE or WABASH BONDS-Tle Wabash Rsg
road Company has Just sold. ic is reported 10 Ls
Higginson & Co. Of Boston. S5s02G0 a. per cs
equipment trust bonds running Ten years and pzva
bic in twenty seni-auuUaI tnstaIments and thar IA
company obtained tie funds on a basis OF a Hts
more than per cent Nearly year ago the coz
pany made a contract for S5.s1J050 OF locomotive
and freight cars in anticipation OF its increast
business from the United States Steel CorpoFssn
at Pittsburg. The connection with the steel worn |
at Pittsburs was completed last week The ds |
livery Of the new equipment begins this month al /
consists Of eighty locomotives and 6o3 freight can
BALTIMORE & OHIO.-St0ck market gu.p
about probable per cent dividend basis for Bze
more & Ohio at the July dividend meeting Of Ia |
board has no tangible foundation aside from "a
fact that the road is showing decided increass
earnings. The record IS improving as The As1
year draws 10 e close, instead of deterioratiag
many expected. There is no longer any doubt tI
the stock viii show - per cent earned this ysz /
vita the change favOriug an even better sh0Ery !
The May report shows an increase Of $75@A !
gross and SiSl.so4 in net.
COTTON MARKET CONDITIONS Summing p II
the conditions affecting the cotton market. Ts
dore H Price in his weekly letter says. "Ser.0gss
the cotton situation never seemed to me as y
yieIdingly buIiish as at present. Tt is nv 5sG
that however large the crop IT Wi1 not sell bs4F
ten cents pound. Al Jhac price I shall not "a
surprised TO see syiuuers taking 125l4e9 bales q
1897. il the crop is thar large. and Il il should e
much smaller I venture The prediction that al
previous records in cotton speculation VII %
ecltDsed.
DIVIDENDS DECLARED. The Knieseroa1As'
Ice Company Of Chicago semi-annual per GEM
preferred dividend is PAYABLE July TO soeAlo.-'
ers of record June 20 The trustees Of the tTaA~-1
Trust Company Of Brooklyn have declared a ql+'
terly dividend OF Sls per cent. payable June ~ "
stockholders Of record ar closing Of books 5a.s
Trustees of the Broadway Savinss Institution Aa.'
declared the 10sth seni-aunuaI dividend at ne I.s
Of 4 per cent a year. 10 all deeos1oTs eA''1'-
thereto, payable July lf
COTTON MOVEIIENT-Accor5ing 10 The
nancial Chronicle" the total receipts o. eo,pA
the week ended June Is. 1905 were 2iss -
against 5626i bales I'm the preceding Wee~ "a
total receipts since September / are 49,
against 9,266.236 for the same period as -
decrease Of 1,75SIlS. The weather has oee- -. l
able in most of the belt. on the whole a-.- l
II
weeviIs are reported 20 he numerous IN isAsS
MILWAUKEE JUNCTION RAIL"ALs i
Milwaukee Junction Railway Company q Nh" i
kee. has been iUcorporated .1 Madison aY - i
mOters of the Milwaukee southern. apg1-SA- \
furnish a terminus for Jhau road ne
stock is S25.0C0. The irc0rporators are Il-S.
Wood. Chicago; z. NJ. SpaIoiag. Fred ".
Lawrence Kitauf ana samuel F. Ha-i' a.
waukee.
APPLICATION To LJST--ADPlicaI'0n 1rs SL
made 10 the New York SJocE EXchdnse 9 -
24e.000 ffty-year7 ! per cent collateral Gus'
1919 Of the International Traction CoAip@1s-
DELAWARE x HUDSON--Nouee has s,sZ
ceived by the secretary Of the stock EA'l-2
an increase of $I0100eo in the capital s''.e q
Delaware x Hudson Company. u'aHlAs ~,s.,
amount authorized S55.1l5-9. The increase
thorized last winter szv
BANK CLEARINGS- Total bank eleaE.as g.
United States Tor the week ended June - 81 j
$50. SOS. $50. comparing with S2.3.asaa-a2 TOT ~
spending week OF last year, an Inc'S"
per cent.