New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-31


FOREIGN TRAD1NG.-Foreign houses sold 10000
shares in the local market. In London the gem
eral market was heavy. although closing mod
erateIy firm. Prices in London were affected by
the strained relations between the Colonial ONCE
and the self governing colonies in South Africa.
BANKS LOSE CASII-The reported movements
Of currency this week indicate loss in cash held
by the banks OF S6171 400. They received from the
interior S51O9 500 and sent to the interior S577ao
including $l,s15CO) national bank notes sent to
washington for redemption. The loss to the in
terror was S246 400 Receipts OF new gold were
81 4s9 800 namely: $6s77OO gold imports s73 200
New York Assay Office checks. 400 on San Fran
cisco Mint checks and SAL 200 on Seattle Assay Of
flee checks. Gold exports were $4,000 in coin TO
Colon. Ordinary disbursements by the SUb-Treas-
ury were S1SO475O0 Payments by the banks to Sub
Treasury for customs, Internal revenue. per cent
redemption fund, etc, were S23141,OOO. The loss
Sub-Treasury operations proper s. 093.5 500 The
total loss the interior. g. 6 400; by gold exports
$4,000, and Sub-TTeasuTy operations proper,
S.O935O0, was SZ67O,900 Deducting from this the
gain from gold. $l,499.5OO. the net loss was
S6.1714OO. Receipts OF currency from the interior
were about S1.77sODO less than in the preceding
week. while shipments were about 81 291.0O more
Receipts We're chiefly from nearby points and the
South. Apparently remlttances on account Of April
disbursements were nearly all made in previous
weeks. Shipments were mainly 10 Boston and Phil
adephia. about 100000 going TO Boston. These
shipments may have been to meet acquisitions from
country correspondents There were however no
important shipments from New York to the West
CANADIAN PACIFIC.-Vice-P President ogden OF
the Canadian Pacific Railway Company, who IS in
town, in commenting upon the earnings of the
company for the month OF February, which were
made public yesterday morning, says that the
turns were the best for any February in the his
tory Of the company The net earnings showed an
increase Of over 10000. He says also that this
years figures were in comparison with very good
returns for the month OF February a year ago. be-
cause the Canadian Pacific was not specially trou-
bled with severe weather and storms during that
month. These conditions worse IN March
last year than in February in the Canadian Pacific
territory. He says that the report for March Of
this year viii show a good increase in the gross
and that the net should be satisfactory also. Up
to the close Of February the net earnings for the
fiscal year showed an increase OF over 100000.
UNITED STATES STEEL EARNINGs.-Based
on preliminary figures the net earnings Of the
United States Steel Corporation for the current
quarter will be in the neighbOrhOOd OF S36OCO0G0.
the best showing in any corresponding period in
the history of the corporation. The heavy gain in
earnings in the March quarter of 1906 was due to
n record. breaking production, as well as record
breaking shipments or finished material The net
earnings of the United States Steel Corporation in
the first quarter of 1905 aggregated S23025S96. In
1902 they S26.7l5457, the banner first quarter
with the exception of the current quarter. II IS
estimated that the earnings for the current month
will run close to SS0O0OO).
LACKAWANNA STEEL COMPANY.-It is ON
cialIy stated that the $l50OOOO0 first mortgage
per cent gold bonds OF 1903 Of the Lackawanna
Steel Company will not be redeemed on April 1.
privilege granted in the mortgage. The bonds.
which are secured by a first lien on the West Sen
eca plant and the stocks Of other corporations
owned were redeemable at the compauy's option
at 1912 and interest to April /. 1906 sixty days
notice, and convertible into stock at par. If not
so redeemed, at the holders option at any time
between April l. 1906 and April /, 1915.
APPLICATION TO LIST.-Application has been
made to the New York Stock Exchange TO list
100000 additional preferred stock of the General
Chemical Company. 100000 first mortgage per
cent bonds Of 1882 of the Buffalo and Susquehanna
Iron Company. $l0,O00O0O Improvement twenty-year
per cent bonds Of 1924 of the St Louis Transit
Company and 100000 additional first consolidated
mortgage per cent bonds OF 1888 Of the Minneap-
oils, St Paul sault Ste. Marie Railway Company.
COLUMBUS HOOKING COAL AND IRON-At
a meeting of the stockholders OF the Columbus and
Hooking Coal and Iron Company held yesterday.
the proposition to increase the capital stock from
100000 to Sj00OOO, the new stock to be per cent
non-Cumulative preferred, and 20 issue $1,COOOOO
per cent sinking fund ffty-year gold trust purchase
money and mortgage bonds. TO be secured b. the
voting trust certificates representing 1885 shares OF
total issue of 5000 shares OF 500 each of the Co
lumbus and Hooking CLAY and Brick Manufdctur-
ing Company, and 81 100000 bonds of said company,
secured by first mortgage of upward Of $500 acres
of land near and adjacent to the property OF the
Columbus and Hooking company, was unanimously
ratified
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets reports the exports of grain for the week
with comparisons, figures in bushels. as follows:
Wheat included 15i2 So. against 22Q3 Ol2 Ia ~
week $500 in this week last year. a $50 in 1904
and 3130974 in 1903; from July /. lO29Ss 656 con-
trasted with 800 last year I599o7l4 in 1904
and 17SgO5S9 In 1903. Corn. f7s compared with
3173 SoS last week. 2430652 In this week a wear go
143S,2l2 in 1904 and 2,S2O6S in 1903: from JuIv
9l995 against 5747Ss $50 in 1906 456 a6s In 1904 and
47.g1. $50 in 1905.
MONEY IN CHICAGO.-An officer OF the First
National Bank says scarcely any money is coming
from the interior, whereas large sums are sent
TO the country banks which are preparing for an
early and busy spring. In his opinion Chicago win
draw on New York for currency before long 10
supplement the local supply. Vice President
Mouton. OF the Corn Exchange Bank, SAYS he looks
for no easy money between now and well toward
the end OF summer. though there may be an easing
of month from now.
CHECK COLLECTION CHARGES. -- Chicago
banks have the charge for collection og o,t os