New-York tribune., 1906-04-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses bought
1900 shares balance in the local market In
London consols were heavy and foreign bonds a
rule weak The San Francisco disaster has
to some extent upset the foreign money markets IN
causing renewed demand for gold in London and
a hardening in money rates. a heavy decline in
the stocks Of foreign insurance companies was a
feature OF the London market.
UNITED CAST IRON PIPE-The activity IN the
iron and steel trade is reflected in the large
ings of the United States Cast Iron Pipe Foun-
dry Company. which now heavier than ever
before in the history of the company. All grades
manufactured by the concern are IN heavy demand.
and the company has enough orders on its books
10 keep 1t busy for months to come. The big earn
ings probably account for the buying OF its stocks
notably the preferred, for investment account in
the last few weeks. The preferred pays per cent
and yields slightly over that amount at its present
market valuation. The reconstruction Of San Fran
cisco will require large quantity OF iron. steel.
copper and other metals This extra demand IS
expected TO cause an advance in prices. Experts
believe that this will be the most prosperous and
profitable year in the history of the metal trades.
GOLD IMPORTS.-Securities 10 the OF
S6.250000 We're deposited yesterday at the Sub
Treasury for gold pending the arrival OF equal
amount of the metal which engaged in London
for shipment 20 this country OF this amount the
National City Bank engaged 100000; the National
Bank OF Commerce. 100000. and the Guaranty
Trust Company. $4,000. In the morning the
change market practically was demoralized under
the influence OF heavy offerings OF bills but
covery took place in the afternoon The local Sub
Treasury transferred to San Francisco 81. $4,000.
while direct shipment of S1.0O,OOO was made by
bank
BANKS GAIN MISUNDERSTANDING to the known
movement OF money in the week the local banks
have gained more than Sl5O00.OoO the greater part
of which represents gold deposited with the banks
by the Federal Treasury. under the recent arrange
of the Secretary of the Treasury for faclitat-
ing a gold import movement. The banks received
the interior S. 200 and sent to the interior
$521s00 of which 100000 transferred through
the Sub-Treasury TO San Francisco, and SLSSSO 600
national bank notes sent to Washington for re-
demptiOn. Receipts of new gold were $l.2i66O
APPLICATION TO LIST.-Appucation has been
made TO the New York Stock Exchange to list
&"o00o additional first mortgage per cent bonds
or 1851 OF the Wabash-Pittsburg Terminal Railway
Company. S5oCta additional first lien per cent
bonds Of 1855 of the Detroit & Mackiaac Railway
Company. and 8.ti0CO0 additional reflntine rnOrt-
GAGE bonds OF 20O4 Of the Missouri Kansas & Texas
Railway Company.
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets reports the exports of grain for the week
with comparisons, figures in bushels. Wheat eo,,r
included. LSii79S against 2S6a3i7 Iast week 20 ~
this week last year L64542s in 1901 and SSS 80 in
lSo3 from july l. loa35l6l7. against 51OS2 sol last
year. l9G2,9S7 in 1904 and IS3610.I9S In 1903 Corn
L67Ss2, against I725,793 last week 2eSe Ss4 a wear
626.792 in 1904 and li99s06 in 1898: from July
lol T3,tu, against 65.SCSGi in 1906 4774sSOS in 1891
and 53.l0S SEQ I'm 1893.
500" EARNINGS INCREASE Earnings Of the
Minneapolis, st. Paul Saut Ste. Marie for the
second week in April show gain Of 80 per cent
making from July gain OF 1876 per cent
WESTINGHOUSE ELECTRIC.-Notiee has been
received by the New York Stock Exchange of the
Increase In the stock OF the Westinghouse Electric
and manufacturing Company from s5,OC0Ooo 10 SO.-