New-York tribune., 1906-08-16
MINING.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
only a few thousand shares in the local market
buying balance. In London consols were STEADY
and the general market featureless. The fort
nightly settlement was concluded without disturb
ing incident. Money in fair demand. but was
in good supply. Discounts the foreign capitals
showed TO important changes Bar silver was
strong.
PULLMAN COMPANY EARNINGS.-The Pull
man company for the year ended July 81, 1906. had
a period of record breaking growth. After charg-
ing off for depreciation and betterments in the late
fiscal year TO greater degree than ever before there
surplus remaining applicable 10 dividends OF
about Sl3OO00O0 the equivalent of 17I2 per cent
earned on the company's S7+O00.cOO capital stock
Doubtless the earnings were in excess OF 20 per
cent. The Pullman report, when issued. will show
a LIQUID surplus on hand in the neighborhOod OF
SIS COO This is the equivalent OF about 81 per
cent on the capital stock of the Pullman company.
steel. FOR 19C7.-A brisk demand for steel for
delivery in 1901 has developed Several of the large
independent steel companies have practically with
drawn from the market sellers OF steel for de-
livery in the year owing 10 their well filed
order books Specifications for steel against exist
ing contracts are reported larger than they have
been at any time this year. showing that consumers
are not disposed to cancel orders
BALTIMORE & OHIO.-It is said that the failure
of the Baltimore & Ohio stock to reflect TO
greater extent its recent increase in dividend is due
constant selling by foreign pool. which accumu-
lated the stock prior to the dividend declaration
Foreigners seldom wait for big profits. operating
on the theory that every slight advance should be
taken advantage of to realize. no matter what the
actual value of the stock
GREENE CONSOLIDATED COPPER DIVI-
DEND.-The directors Of the Greene Consolidated
Copper Company met yesterday and declared t.e
usual bi-monthly dividend of per cent. pay
able September 10. The directors also. after hear
ing the report Of COloLel Greene in regard TO
the contract with the Cananea Central Copper
Company approved it, George w. Hibbard. vice
president of the Westinghouse Electric and Manu-
featuring Co.. and Judge l. H. Hole OF w. \.
Coler & Co, were elected directors TO succeed W.
D. Cornish and Thomas F. Wilson resigned
PIG IRON CERTIFICATEs.-Pig iron certificates
az the New York Produce Exchange were steady,
with but slight changes in prices There were no
sales Quotations for regular follow: Cash, August
and September and October 81 % bid; November,
ST 25q$l7 90 December, H7a$l7 90 Quotations for
standard we're: August SIT 70 bid; September. Slsq
SIS .; October November and December. ST S5Q
SIS %.
STANDARD OIL NEUTRALITY-SUSPICIOUS. OH
directors have declared a dividend of S. a share.
This compares with 50 paid three months ago and
Sc at this time last year. So far this year the COM
pany has paid, including the dividend Just declared.
30 per cent.
CALUMET AND HECLA-The directors OF the
Calumet and Hecla Company have declared div-
derd of $50 a share. increase of s. as compared
with the payment three months ago.
UNITED STATES ENVELOPE DIVIDEND IN
CREASED.-The directors OF the United States En-
vclope Company have declared n senli-lnnuaI divi-
dcud of 3 per cent the preferred stock, in
crease of p of l per cent.
MONEY FROM SAN FRANCIsCO.-The Sub
Treasury paid 70 local banks yesterday S175O00
telegraphic transfer from San Francisco.
NUT AND BOLT PRICES REAFFIRAIED-The
Nut and Bolt Association has reaffirmed the exist
ing price schedule.
CONSOLIDATED EXCHANGE MEMBERS-
Archibald McI.intock. NJ. L. Mellov, Everett S
Ruskay. J. Edward Sherwin and W. ]. Dozier have
been elected to membership in The Consolidated
Exchange.