New-York tribune., 1906-05-09
EXPORTS OF MERCHANDISE.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-LOndon dealt in 5000
shares in the local market. sales and purchases be-
ing evenly divided. The heaviest dealings were in
Union Pacific and United States Steel common. In
London consols were firm, butsfOreign bonds were
heavy. The general market dull with some
heaviness in the mining department The market
was busy with the mining settlement preliminary
TO the regular adjustment Of the new account be-
ginning to-day. Money in fair demand and
discount rates higher.
SCB-TREASURY TRANSFERS AND GOLD
MOVEMENT-The local Sub-Treasury transferred
yesterday S4ll GOO TO San Francisco. Since Friday
the banks have gained on their operations with the
Sub-Treasury $4Sl7.OOO which compares with a loss
of $45S7.O0O in the same time last week The Ma
tOnal City Bank repaid the Sub-TreasUry $1.5O0.O00
against gold imported 1t was reported that the
Bank of France would release SlOO00.OOO gold for
the account of New York. Foreign exchange con-
ditiOns. however do not warrant further engage
ment for gold for import, as sterling exchange has
advanced sharply in the last few days. Firmer dis
counts abroad and the advance in the price OF gold
also are fSctors which are working against move
ment Of the metal to this country
COST OF LIVING.-"DuHs Index Number OF
commodity prices propOrtiOned to consumption was
SlG6 G59 May I, against $lO6O6S on April 1 and
SgT 564 a year ago. Although there slight de-
cline during April the level of prices is still at
about the highest position in more than twenty
years and compared with May l. 1895. there ap-
pears an advance of 81 per cent The most inn
portanu alteration during the last month was de-
dairy and garden products. seasonabls response to
the warmer weather. which brought a larger sup
ply Of butter eggs and milk The only other divis-
ion showing a decline the one embracing
meats cheaper beef and sheep more than neutraliz-
ing the effect of slightly higher pork products.
DELAWARE & HUDSON-At the annual stock
holders meeting of the Delaware Hudson COM
pany in the new executive Offices at No. 50 Lib
ery street. the vacancies in the board of managers
caused by the retirement a few months ago OF
James W. Alexander and James n. HYDE were
filled 10y the election OF DumOnt Clarke. president
Of the American Exchange National Bank and
James A. Linen. president OF the First National
Bank Of Scranton. The other members OF the
hoard we're reelected follows: Robert NJ Oly-
phant. Alexander Z. Orr. Chaurcey NJ Depew.
rohn Jacob Astor Frederick Cromwell. David Will
cox IL slydam Grant, Georse I. NVilber charles
A. Peabody Edward r. Hartman and William =
Opdyke
STEEL RAILS.-When the rail mills opened their
books for 1907 the belief prevailed that the rail-
rosds would not enter the market TO any extent
until June or July Instead. several Of the largest
consumers are preparing place their orders for
delivery in 1907 which to Indicate that they
confident that the period OF prosperity they are
enjoying will extend into 1901. The Pennsylvania.
which ordered than 16OoO tons of rails for de-
livery in the current year, will be in the mar
ket, and the New York Central has already entered
the market for 1o0O0 tons OF standard sections
INTERNATIONAL PUMP INCREASES CAPT.
TAL.-At a special meeting or the stockholders OF
the lnternatieiai Steam Pump Company yesterday
the proposition 60 increase tho preferred stock
from Si2.SuO.o0O 10 AS0OOOo and the common stock