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

FOREIGN TRADING.-Foreig gn houses dealt IN
5000 shares in the local market, Of which NN0
were purchases. In London securities N general
were strong The steady advance in British con
soils has exe-ted favOrable influence on The foreign
markets, owing to the fact that the movements IN
these issues taken as an indication Of the cor
dition OF international politics London tanksrs
believe that money will work easier IN an the
foreign capitals
THE NEED OF SMALL NOTES.-THE National
City Banks April circular SAYS: THE Treasury s
threatened with great scarcity of small notes. Il
is possible at the present time to meet only half
the demand for ones. twos and fives. and this Is
the season of tho year when ordinarily there is no
difficulty at all in supplying every demand in flL
Unless some measure of relief is provided the stL
alton is certain TO become worse each month. until
when crop moving is again al hand it will become
acute With $S0o00.0oO available for issue in r1s
smaller denominations at the beginning 1f crnp
moving. the Treasury always feels at sass. Ell
perence has shown that this sum will every
want in the way of small bills. The ability 0f the
Treasury TO issue small bills. silver certificates Of
the denominations OF ones. twos and fes limited
by the amount OF large certificates sent in for re-
demption and the amount OF free standard silver
dollars on hand 1t Is not possible to obtain reHei
from redemptions. as experience has repeatedly
demonstrated. and the amount Of silver dollars in
the Treasury against which there are no Ccrtidcais
outstanding is at very low figure. Several rem
edies for the approaching famine OF small bills ana
small coin have been suggested. One IS covered N
a bill which contemplates the issue of S soA
certificates. the lowest now being for so How
ever there is little prospect for legislation On any
currency question at this session Of ConeEeS'
Treasury officials believe that the national eaiA'
themselves have IT In their power 70 do much
avert anything like distress because OF shorass
OF small bills at crop moving. The national os'lS
have not avaed themselves 10 the extent Wh"-
they should OF the privilege which they have
bird az LAT in notes
RAILROADS AND STEEL.-The demand q.
steel the part OF the railroad systems OF -
country surpasses the most Optnistic eNpectau'-.
OF manufacturers. Tho rail orders now on ~
books Of the various steel companies are wiH@
$4,000 tons OF the total output OF the country -
year. The steel companies are conducting no =
gTessive campaign for new business. As a nav,
of fact. they are paying more attention %.
question OF turning out and delivering the raus =
ready ordered than to new business Unnued -
tonnage is now getting near the S0ceael-'on ma
the largest amount ever booked nc this season
the year
COPPER PRICES.-SaIes Of the best grade
Lake copper We're made on Monday at lSa e''
IL is understood that the Calumet and Hec@ ~ II,
pie have raised their asking price Ter the ne
for delivery beyOad June 80 20 10 cents a hhn
ofhCer says that the strength ct the narSs'
plainly shown by the way in which cons1n, i,
continue place large orders for the metal az ~
4 highest recorded price round lots this year =
cents a
ADVANCE IN COKE-Foundry coke Is w
quoted at s. 50 ton. compared with . = 1,
three weeks ago. Furnace coke is quoted at -
compared with s. 50 three weeks asO. The sN''
has been due to the partial coal strike -
ADVANCE IN IRON-The tone Of the lroh -.
kct is stronger than it has been tor son" -
past, aud several producers have put up u'' u. =
of foundry . cents a ton sales Of foHnef9 -
This market the last week aggregate ~"