New-York tribune., 1906-04-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt n
5000 shares in the local market, most ot which
were purchases. IN London the general market
was firm. The Bank OF England reduced Its mini
mum rate OF discount from to 81 per cent Paris
exchange on London was lower.
MARCH BANK CLEARINGS.-Total cIea-fngs
for March. according to 'Bradstreets" ninety
four cities reporting were S29110L11, an IN
crease Of 43 per cent over February. and an IN
creose OF 40 per cent over March a year ago
New York City clearings aggregate &S57. lS an
increase OF 6-1o OF per cent over February. but
decrease Of 80 per cent from March year ago
Outside OF New York the aggregate ot 90 cities
81. S56.e22. gain OF 1T per cent On February
and OF 10 per cent on March. 1905.
WILL INCREASE FEE--The board o: Managers
Of the Coffee Exchange has approved the plan
for the raising OF the initiation fee 20 5000 until
the membership shall ba $50 against the preseaE
fee OF $500. with a limit OF 500 TO membership
The present membership IS S23. The of1cial consd-
Grafton OF the question OF making the trading ar
ference coffee contracts one point instead of I've
as at present. has been postponed. The membsS
OF the Coffee Exchange will vote next Monday on
the question OF making Good Friday and Saturday
April IS and ii. holidays.
AT THE GOLD IMPORT POINT-Forelgn ez-
change IS now at the gold import point. with de-
mand sterling at 4 s594 S51O. and sight marks. 81
Engagements Of gold may be looked FOR either al
London Berlin, II there is any free sod n
either market 1t was reported yesterday THAT ar
rargements were being made 20 bring in S.O000@
THE COPPER SITUATION.-'The market H'
the metal holds strong. with constant inquiries
from consumers Is the gisr OF general replies q
leading copper producers and dealers a South.
western producer is sold up through the month u
July AZ 1Sie-cents Another producing interest and
selling agency has recently sold large amounts q
eleCtrolytic for European account at a price equya
lent 10 1856 cents pound The demand FOR cast
ing copper continues enormous. with heavy 'ran''
actions at isis cents.
BOSTON & MAINE BORROWS- Boston .
Maine has borrowed S55O.o0O for six months o.
coal notes, through brokerage house. which PLACED
S50o.ooo with the Five Cents Savings Bank ara
s5oooo with the Winthrop National Sank Of Bos
ton at 4@t Per cent.
COMMISSION HOUSE ATTITUDE COMMITS
sion houses are stn disposed TO await further de-
velOprents in the money market before advisls
any extensive commitments on the bun side. Ias
large operators. however. are understood 20 ha''
expressed renewed confidence in The market. as
result Of the favorable development in money con
ditions abroad
MISSOURI KANSAS & TEXAS FIRST DIVf
DEND -Odcial announcement has been made ta''
the directors OF Missouri. EanScs & Texas "a"
declared a serli-annual dividend 81 per cent p
the preferred stock. PAYABLE May n. Books cos
April 20 and reopeu MAY 10 A. the annual Tee'
iug OF the stockholders the retiring directors wes
reelected The directors organized by re-elee''-s
the retiring cfHcers. except that G. y WhiteH~
was elected secretary 10 succeed 5. Hauine-
REGULAR UNITED STATES RUBBER -
FERRED DIVIDENDS The directors OF
United States Rubber Company met YESTERDAY,
did not declare a dividend on the common sV>.
The regular quarterly dividends of per eeh'
the drst preferred stock. IA per cent on the sees
preferred stock and . per cent on the old preie'.
stock were declared The net earnings for y,
year GIarch partially estimated are approNlIAs.
S.SSlooo. not including earnings ot the -.
Goods Manufacturing Company. excepting -
dends amounting TO S276 $50 A. received upon -
ferred stock OF said company IN this eomI1s, -,
treasury. The net earnings for the corresp''<
period hast year were Sl.76l. So IS. n
PIC IRON CENTIFICATES ON the seeop0 ~,
all grades We're arm- Rssular srade was So