New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-17

FOREIGN TRADING.-Foreign houses dealt in
only 10000 shares In the local market, most Of
which were purchases. In London the early mar
ket depressed. but became frner later IN the
day Money in moderate demand and further
inquiries for gold for Paris account were noted
Preparations in progress for the Russian loan
and the Paris exchange rate on London is
lower it is possible for French bankers to draw the
metal from London.
BANKS GAIN CAsH-The reported move
ments of currency this week indicate a gain in
cash held by the banks Of S122.9O0 They received
from the interior s6,66S.300. and sent TO the in
terror s4.S7S400 including S2.OS2,O0O national bank
notes sent to Washington for redemption The
gain from the interior $1.7Ss9OO; receipts OF
new gold were $S129O0. namely, S6S1,SOO New
York assay office checks, S117 500 on San Francisco
mint checks and Geographic transfers, and $4,000
on Seattle assay office checks. Ordinary dlsburse-
ments by the sub-treasury $20.411, OOO extra
ordinary disbursements were $500, 600, Of which
100000 increase Of United States deposits in
New-York banks and $500. 900 was increase Of
United States deposits in other banks paid to
their New-Yorz correspondents. making total dis
bursements So. 111.100 Payments by banks TO the
sub-treasury for customs. internal revenue, per
cent redemption fund.- retirement Of circulation.
etc, s24591. 900. The loss on sub treasury
operations proper 81, 800. The total gain
from the interior ST. 7S9. 800 and gold SSH 800
81. 500, 500 Deducting from this the loss on
sub-treasury operations proper, $2479 $780, the net
gain was s1229OO. Receipts OF currency from the
interior about s354.00O more than in the pre-
ceding week. while shipments. taking into
sideration the extraordinary transfer San Fran
cisco last week. Of $1,000 900 for japanese account
were 81. 1880 less. Receipts were chiefly from
nearby points and the South. Shipments were
pretty well distributed. about $4,000 600 being sent
TO Boston
SLOSS-SHEFFIELD OFFICERS ELECTED
The directors OF the Sloss-Shefield Steel & Iron
Company met yesterday and organized by re-elect-
ing the retiring officers. The executive commit
tee for the coming year is the that for the
last year, except that F. P. Ocott IS chairman IN
place of Walter G. Oakman resigned
QUAKER OATS COMPANY.-At a special stock
holders meeting OF the Quaker Oats Company, to
be held to-day IN Jersey City, for the purpose OF
increasing the preferred stock from $SO0OOOO to
50 100000 and the common stock from 100000 to
S45OOOOO the proposition will be acted upon favor
ably, the management holding ample proxies to
carry out the programme.
CHOSEN PRESIDENT OF UNITED STATES
SMBLTING.-Wilam G. Sharp. of New-York, has
been elected president, director and member OF
the executive committee Of the United States
Smelling & Refining Company.
BARNEY & SMITH STOCK ISSUE-The direc-
tors of the Barney & Smith Car Company have de-
cided to issue 81 600 common stock to preferred
stockholders in lieu OF So per cent deferred dvi-
dends.
APPLICATION TO LIST.-AppIcation has been
made to list 100000 additional capital stock of the
Delaware Hudson Company and S2.sSOOO0 addi-
tional capital stock of the Pennsylvania Railroad
Company on the New-York Stock Exchange and
100000 first mortgage per cent bonds Of 1913
of the Ohio Connecting Railway Company.