New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-02
WALL SEREET AND EXCHANGES

POSSIBILITY OBJ GOLD INPORTS-A sharp
decline in foreign exchange rates yesterday. fol-
lowing the weakness OF the preceding day, led 70
talk of gold imports. In some quarters IL was
thought that a movement OF gold to this side OF
the ocean would begin next week. unless there
should be unexpected change in the position OF
the local money market. Rates for both call and
time funds stronger. call rates advancing TO
per cent and time money for three months TO s
per cent the latter being the highest quotation OF
the year for time funds The strength in the
money market effective influence in bring
ing out large offerings of bankers bills IN foreign
exchange circles.
TWIN CITY RAPID TRANSIT.-Twin City
Rapid Transit Company's full pamphlet report for
the year ended December 81. 1908, IS at hand. The
income account printed February % 1t
showed surplus over operating expenses and fixed
charges of s1.5s9 800. which is equivalent TO per
cent earned on the preferred stock and 6-SS per
cent on the common. against per cent earned on
the preferred stock and $40 per cent the COM
mon stock In 1904. The report shows that 1855.
6s6 revenue passengers carried IN 1905, S..
sss 1914 in 1904. so.s445s2 In 1903 7s3os1 in 1902.
IS oo9 957 in 1901 and 5s.2S41O3 In 1900. an IN
crease of 2s.1o4O62 in 1905 over 1900.
COLORADO SOUTHERN DIVIDEND RE-
SUMED.-The directors Of the Colorado and South
ern have declared a dividend of per cent on the
companys first preferred stock payable on April ,.
placing the issue per cent basis. This dtvi-
OenO was passed III lNe TAN OF l5tt p"lHS 10 INC
losses incurred by the company through the Col
orado Coal Strike and ii is resumed because
the directors assured that the company can
maintain it permanently. 1t requires only $4,000
a year to pay this dividend while the road is now
earning over $4,000 a year above fixed charges
THE KNICKERBoCKER TRUST INCREASES
STOCK-At a meeting OF large majority OF the
stockholders OF the Knickerbocker Trust Company
It was decided by unanimous vote TO increase the
capital stock 10000 divided into 1000 shares Of the
par value OF 500 each The increased stock will be
offered TO the stockholders IN proportion TO their
holdings at 1900 share. This is the highest Pre-
MUM ever placed upon the issue OF new stock by a
corporation. All the stock has already been
taken up by the stockholders
FAILURES IN OBSERVATION-DISCLOSURES to
''Dun's Review commercial failures IN the month
of February were 93s IN number and slOs5s6ls IN
amount OF defaulted indebtedness. This compares
with 1913 failures IN the corresponding month last
year. when the liabilities were S.7s0S70. In the
Dominion OF Canada failures In February were
IS with liabilities OF s65e.955 against lie. With
liabilities at ss47.731 in the same month in 1906.
MOVEMENT OF MONEY-Ths sub-Treasury
transferred yesterday the local banks $4,000 70
Cincinnati. this practically marking the beginning
OF the spring outflow OF currency Since last Fri
day night the city banks have lost on their opera
lions with the Sub-Treasury upward OF 100000.
SUGAR PRICES HIGHER -Au rehners have ad-
N'aiCcu price OF 10 points. tNe quo
tation being 45O less I per cent for cash, for
granulated. except the Federal Company. which
quotes AS. The upward movement is due TO the
increasing hrmness I'm the market.
OFFER 100000 BONDs-N w. Harris 4 Co
nave purchased and Offering to investors s. COO
600 general mortgage retunding ~ per cent bonds
OF the Birmingham Railway. Light and Power Com
pany This company owns and operates largely
under unlimited franchises the entire street raj
way gas and electric light and power business OF
birmingham. Ala. and many surrounding towns
COPPER EXPORTs-Exports OF copper for the
month OF February we're 1901 tons Total ex
ports for the first two months of 1sOS were 80 5as
tons. decrease OF s26 tons. compared with the
nrst two months " 1866