New-York tribune., 1906-11-11
crprEr AND EXCHANGES.

- STREET AND EXCHAhuhS'
NA1N ,n71C;-Foreign houses were i'o1
,oREIGN Ill.,. .-. local market. selling Ie"
live fso'ol On balance. II LONDON t.4e
.ssusand SIC % 6uu. with unimpoitdn' ~ p--.e
esl ms Money was in fair demand anu
.anges- NUM- r
ssFe tflL EXCHANGE CoNDi ii0'
fo.scser & CO. say; "a, ban.
,-mous supply OF cotton cotton, plitS exS,ange mar
me n spite OF this the heiootstSons for the week
set renaoe OF issuing our Iast IL erie price to-
a. ne 5csz and is quotea - tthronshout Europe.
DAY pisSrally means the repas ,,5e me-, 81 these
shi'h .bey come due ne . t sasiIy shown by
sns that hsr ~ our foreign exchange market esl5 ~
De tILioe risen and To-Day Ioapso S,oI az the ex-
- cent H. ~ "a not decline more thah AZ 70 -
ehenee 1tss is due 10 secUrlues utitE Lae -
Polt 10 America the paglnga' causing the high
= made N a,e we hear from all the cotton
,-es o, throughout the he, s6 6ecrsase materially in
shipmehs Va ora we believe that dlscouHl ItIes
shoT. are likely 10 ease on IN o. Iied GOV Of
I'D thA, As7sco,,nts IN Europe should oec.ine 20
s1urse = se-,-es our bankers would nstlfsiy tN
81 loN .Seir finance bills. hut We oeneEe mar 81, ~
K renew ne tl.s ba-1ks have determined not 10 again
BE Elrops5Scss snanoe her stock speculations. ana
I'll refuse 20 oasoT,5ents ag5 II this should be the
s1asFlosah INST expect very high money rates or
ESe. fn stock MARKET. " .NSA-4SA ~
msidation nr,s-ests ~ are powerful enough 10 keep
ssncal aItss inIes on he present basis and carry
- enormous loans here unaer h ne onS tba n,,ee
81 cg,.her the Secretary Of the Treasury Will
ton oooe 70 The assistance OF Wall Street VIII
tfslsa rbs. IS likely 10 be the outcome OF ooth
tsede 49,, Ns-S' excbange and stock markets.
,-r,s NEW SILVER COINAGE-Consul
D--T a,serson of the United States 10 Brazil
0..s ,ta- the coinage OF silver money in Brazil
,.,s,srv 10 it's present paper system upon a
s-.,.sl rold basis IS likely 10 give a practical
-. ,.sson where the only actual circulating me.
a. naper money which is practically irre-
-. The Minister OF Finance has announced
-. she new coins VIII soon be put into circula-
y .rsir face values being 200 reis, 1000 reis or
-. and two rilreis and the weight Will be
- M ana and 2a0oo grammes. respectively. the
go hslnC O025 COS and 0lO. respectively. At
- -,esent price Of silver-say o.eS5 in New York
-. ore-rnilreis piece viii be worth about Is i-S
=, eold about FIVE cents under the present ex-
.1,,a value Of its paper equivalent Exchange
- fsu below this value at any time. however.
- u exchange under the new government is 20
= maintained ct u pence which IS the report now
s.,,-slv accepted. the difference between what is
.,-sr5ed as irTedeenable paper and good silver
,..5 be so little that all OF the silver would
s.A.sss 60 out OF circulation at once A slight
s-s,sa in the value of silver would not only take
q, srer money out Of circulation. but would take
,t Q. the country. Brazilian business interests
,s- 10 be paying no attention TO the proposed
,uuge. Al al events. there Is prospect OF the
psE coinage making any material difference IN the
avss o. financial transactions.
GENERAL RUBBER COMPANY-Ths directors
o the General Rubber Company have perfected
M permanent organization of that company by
slsstng the following officers: President. samue.
P Colt; vlce-president Lester Leland: treasurer
John J. Watson; assistant treasurer, A. H Brown;
secretary Samuel Morris; assistant secretary John
{ CarbeTy; general manager, William F Bass
ghs following have been chosen as an executive
c0nm!ttse. E p Colt. Lester Leland Charles II
Dale ana J J. Watson, jr
IRON AND STEEL TRADE-The INQUIRIES for
Bssssmsr and basic pig iron for third quarter de-
livery have not yet resulted IN the expected pur,
cAssas, and TO this extent pig iron is halting Pro
erceTs. however are not weakening but rather fht
co1trary since last week their ideas were s21. val
ley Besseyner. and SO. valley, on basic for sec
oai half while this week they are talking s21 on
both For first half OF earlier the minimum Is
easily e On other grades Of pig iron there Is nc
TAX Of third or fourth quarter Il IS q plain siRr
Q. the abnormal conditions existing that there
should be talk as regards any grade. for such far
of deliveries
GRAND TRUNK PACIFIC.-The Grand Trunk
Pacific Railway Company st its adjourned annual
meeting elected the following directors; Sir
Charles Wilson, A. ". smithers Charles Roth
tAle' Sir Henry jackson. Colonel F. Ffrebrace.
q o. London. England; c. II. Harp, F. ". Morse,
y wainwright z. H. Fitzhugh and ". H. BigEar
s5g;6 1oasa a5s s. s &c, e Cox and Z. P Wood Of To
Fls reported in construction Work tSe ,,r
t-iV being the scarcity Of labor
r-eolEMENT OF cOTTON-'The Financ,sr
- 'o-ge reports the total receipts Of cotton FOR
- 49, ehaeo November G, ct 1900 bales against
rs, 49, es N the preceding week, making the total
srs5st ss1ee September l. 1906. 8047 SsS bales
sfoTi5g 'S'as 0a.es for the same period OF 1895
Ns5 bales = -''o' OF
,ioraT orrAaT-+80AAL BlSCCIT-The heavy tone i- va.
srs-t,,D ,D'sS1l was cue 70 the selling Of a small
&c., &c., ~ shares bought on the unauthorized er
n. 5-,- 49, ol az increased dividend IN that matte
~ eIlols nave always been conservation en6
IA bee T.ss Ts are IN excellent shape The selling 81
o. tbs 4-St- 80 L1tt-ARIAGS-The total bank cIearings
s Z DH!ted States for the week ended NoI'or,1is
flS-2- ne eslLnaIeo) were 50 s96 $50 57B aRafns
to- he q ne preceding week and 81 S7s III -
~ week ended November u, 1906