New-York tribune., 1906-03-11
WALL STREET AND EXCHANGES

FOREIGN TRADISG-Foregn houses were ny
active factors in the local market the chic, deal
ings being in Reading. representing purchases h
London the general market was irIn. without Id
p3rtant feature. Money was in fair demand in us
British capital and discount rates were ArEas'
owing 10 the inquiry for bar gold on Americas
account.
EXCHANGE MARKET CONDITIONS-C snS
macher & Co say:
Prime demand sterling declined very rsPt
during the last week Az the tine OF issuias =
last report The quotation vas ~. % and @ to-l4
= Seiillls 4! t>9-i9 OF q 'iet % - s--y-
the proba bility Of gold imports !n the near -
seems well founded. The srr1ngeucy in the HoE
market has caused largo amou1-S OF 1nalcs I ~
the continued liberal supply Of gra'a bills Tes.s-
in low exchange. Bankers have also been drsS-s M
quite literally on their creilts aoro3d OF On - -.
OF the settlement OF the Morocco dispute. ~, W.,
will release an enormous sum of money tnI9ss srs,
Europe. Foreigners Will probably he Hoerai 80 -,
OF our bonds and securities rom now on. -. -
condition seems 10 point toward sun s l9Se. III n
change With a further break of one-haL - 81. !, /,
pound IL is very likely thar Europe will ceass1ss cs
reinqUish to US some of fha enormous lossS .ssi n
gold which was kept 1o~ked I'D during me - -
dispute over the Morocco a"air Although Ee sas.
manipulation for higher prices in tie stock Hs
ket will cause renewed strain on the money "a, -,s
ties OF our local banks With the WoldetLu !.
pertty of the country i'm general. The denlSnu :, m
money is So large that We do u0t believe even ef~
the help Europe NAV give us. that the moAeS 81
alton has been solved vet
KANSAS CITY SOUTHERN diTeetoFs /
the Kansas city Southern have voted 70 ssue Z
ditional $o0G0O 4ie ger cent one 20 nine year elf
ment trusts. dated 1875 This brings the alo.
anCe for equipment Up 20 S21o'ot" The new naN @
ing Of the Kansas city Soutaeru for iuprovsaae'.
extensions and equipment is brought up to a .- ."-
Of S,2o2C0o. The issue OF y 16od'a o. notes 70 So
holders at So Is expected 10 be taken IN large ga -
by subscription. and any notes not taken Ha'7
ready been UNDERWRITERS.
CHICAGO & NORTHWESTERN The s''es =
change committee on securities ruiss that al. -
actions in the common and preferred stocks p i
Chicago 4 Northwestern ComPauy made "a =.
?. except for cash, shall De .eN rights
tihcates delivered after AprI Cor all coau-
made prior 10 April >. or for Unsettled -
transactions OF April . must be acroupanied y
assignment of rights" or a due c'u FOR me
Sales Of rights made on and after April
cept transactions made specifically for "casn'
be Setued on April -. on which DAY all d0s
must be redeemed. Transactions IN 'risaS
and after April "A must be for lash OF
way The right 70 subscribe terminates on w.
TIE COTTON MOVEMENT according 70 ),
Financial Chronicle" the total receipts q -
for the week ended March g. 1915. We're uc-s -
against lM.96 bales in the preceding VeeA
total receipts since September Z are s.SSSsN
against 5.lS26S5 for the same period last yea'
crease of SS.1C5 bales
GOLD IMPORTS LIKEIN.-A london ~s -
says that inquiries have been made on 40. -
account as To the supply of bar sold IN ue 80
market Gold 20 he amount OF N"hvV VIZ = a.
in London early next week trHer to'',-,i to''
counts is an Indication OF the expected ~
competition for the metal
UNITED STATES STEEI.--On account s~r
large domestic demand for steel, the eNp''. -, b;
mcnt ot the United States steel torpo'Ss 4 =
been forced to limit It's foreign orders " "a,
the corporation could ship twice as muen
steel to foreign ports II Il had the capSc''' -,
BANK C1.EARINCSS.- total pans ,S..ss
OF the United States for the week ended No. 4, q.
1906. were S2.seS .l66.s43. against S,SSSS'''''
preceding week and s. 6SS. 80 last year ,ss
PIG IRON CERTIFICATES Regular 90 n.,s,.
dry Pig iron certificates az the New-N0'N Tssr
Exchange We're steady and about uncn'l'7 ,.r n
were no sales, CLOSING quotations for 49, - !.
low Cash March, April May ana '1' Ar
SIS 95 Final quotations for foundry i'No
a0d May. SIS sOdSl6 50 n.
HILL COMING To NEW-N OhtfN--l''.. ,,s -
president o: the Great NoTthern. viii DC -