New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-01
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreisn houses were not
important factors local market transactions
amounting TO only few thousand shares sales
predominating. In the London market the mining
department showed slightly steadier tone while
consols and foreign bonds. as a rule were higher.
Money was in fair demand in the British capital
London IS receiving gold from various directions
and 1t is believed that money will work easier
IN the current month.
CHICAGO AND NORTHWESTERN-Pa OF the
cash raised by the sale of the $685. 400 OF new,
Chicago and Northwestern common stock at par
will be used TO pay OF certain of the bonds OF tba
company falling due in the near future. A portion,
OF the S1O.609.20O of common stock sold n tba
stockholders at par IN July 1906 was used for +ba
same purpose In all So 900 Of per cent bo15s
fell due in the latter part Of 1905 The Axed
charges on these bonds falling due last year
amounted 10 s2S2,6sO a year. The dividend re-
Quirements Of the stock which takes +baf~ NJ.
are S271.46O '-"oe
BANKS LOSE MONEYS far in the rurrar+
week the local banks have lost more than 81 ooo oo
in their operations with the Sub-Treasurv --tf-
compares with loss in the Same time q, 80
OF 50 $4,000. Interior banks are drawing ~ 49,
New-York balances for the payrlent ~ that a.
ternal revenue obligations. while customs recs,--
are running heavily in excess Of government paw
ments- The loss by the banks in their cash hold
ings was responsible for an upward movement IN
money rates yesterday. while the higher Quota
tons for loans were effective IN bringing abou+ q
lower rate for sterling exchange Demand ster
ling declined 25 points
GRAND TRUNK STOCK INCREASE "a
arrangement OF finances the Grand Trunk Pacific
VIII increase It's stock Issue by S5.OG0oOO II is
announced that there VIII be a debenture stock
issue Of S25.Oo00o0 in place OF a preferred stock
issue Of ooo while the issue OF a co-nroon
stock will remain as at present. SOS 600 600 max
ing COO IN all
TREASURY DEFICIT WIPED OFT III
United States Treasury. because OF large recat,,s
will be able TO enter upon March with M 6aNct,
for the current fiscal year. Last year on March :
there was deficit OF s24 0O0 900
NEW WALL STREET FIRM er,, -.
Lohrke. Rosen & Co Will be dissolved TODAY ~,
mutual consent Felix Kosen. George s stiurDan
Lion Gardiner and J. Nevett Steele ~ 49,
formed a copartnership. under the Arm nan =
Rosen, Stlman & Co. which will take o,-a~~ -,
business OF Lohrke. Rosen & Co ret7in,,v -
present office at No. so Pine-st
kEGU LAR 500" DIVIDENDS Thu ai
or the Minneapolis. st. Paul and SauIt S. ~,
railway company have declared the regular 60,
annual dividends OF 80 per cent on the prass-.,
STOCK and per cent on the common pavab,a
April Is 'aSaole
AMERICAN TOBACCO DIVIDEND D,,.
OF the American Tobacco Company have d.oi.-.,
the regular quarterly dividend OF u, nor ~
the preferred, payable April . va
FRISCO FIRST PREFERRED pIV1DE,>-r, -.
CHANGED.-The regular per cent crar,ar,,- -,
dend viii be paid 81 Louis and San r>r'.,1t
hrst preferred April ~'
INTERNATIONAL PAPER DIvIDFND ~
Observation-Disclosures 81 the lnternatio,,1 D.
company have declared the regular quarterly di,.,-