New-York tribune., 1906-10-04
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Fcreign houses dealt In
10000 shares in the local market selling on bal
ance. In London the general market was quiet
According to cable dispatches. people who have
been expecting advance in the Bank Of Ens-
lands rate have modified their views and believe
that there will be change The fact that the
bank has been discounting heavily at 4 per cent
tends to confirm this view. II the Bank OF England
should advance its rate. the Bank Of France doub.
less would take similar action.
CANADIAN PACIFIC.-The president Of tba
Canadian Pacific Railway at the annual meeting
yesterday made the announcement that the direc-
tors had decided that the proceeds from deferred
payments and interests land sales should be
distributed among stockholders. This year this
amount will be equal TO per cent on the share
capital and will be distributed IN half-yearIv
amounts Of Z per cent, payable April 1 and
October l. The returns from the land sales will
be allowed to accumulate and be invested to the
best interest OF the company until the directors
may decide what policy they will follow regard
Ing the amounts IL also announced that
the StoaOoo Of surplus earnings appropriated last
year for extensions and improvements had not
been touched up TO the end OF the last fiscal
year. bat had been set aside by the directors to
be used In the present year in such amounts and
TO such purposes as may be decided upon.
THE MOVEMENT OF COPPER.-Governrnen
returns show total OF 467s9.7o2 pounds OF copper
exported from the United States In August This
compares with As 1912 2 pounds shipped In the CORE
spending month In 1895 In the eight months ended
August 81 800 654.37s pounds exported against
0l0 pounds last There brought into
this country in August 1257s.745 pounds OF copper
against 10se2.522 pounds last year Imports OF the
metal for the eight months form record amount
totalling l13s7oss pounds, against ssOO1S2 IN the
same period last year and .O5S pounds two
years ago.
INTERNATIONAL STEAM PUMP-A director
OF the International Steam Pump Company IS OF
the opinion that the company will not resume the
6tVtdan6S a mi SrO In tba
present year. The director states further that
the board Of directors has not considered the mat
ter OF renewed payments the common, and
that meeting has been called to act on the
dividend question.
PIG IRON cERTIFICATEs-Pig iron certificates
at the New York Produce Exchange were steady
There were sales OF 100 tons OF October standard
foundry at ss 30 and 100 OF November standard
foundry ss 80. Prices for regular follow: Cash
and October. aS9s1s 50 November s1s 1OQNs 90; De-
cember, SIS 2OGsls 70; January. February and March,
$40 asked. Quotations for standard foundry follow:
October. $40 90 bid November. s1e 50dNs 75 Decenl-
Der. $40 Soasls 70; January, NsGsls 80; February,
SIS 75aS19 30; March. Ss so asked.
MONEY FROM SAN FRANCISCO-Local banks
received yesterday through Sub-Treasury transfers
S,S4SO0o from San Francisco This sum represents
gold which left Australia before September 10 or
this amount 100000 was received by Brown Broth
ers & Co. and $4,000 by Goldman Sachs & Co
VULCAN DETINNING.-The buying OF Vulcan
chases by people we'll informed regarding the pros
poets of the company. Quite large amount of the
stock has been sold private sale TO new interests
at prices above the current market quotation and
there are reports that announcement soon NAV be
made of plans favorably affecting the property
UNITED STATES STEEL--According 70 a d.
rector interested in the affairs OF the United States
Steel Corporation the untitled business on the books
OF the company is in the neighbOrhood Of 10000
tons. IL is not unlikely that the report which will
he made public after the meeting of the directors
this month Will show record breaking untitled ton
mage
COLORADO sOUTHERN's ADvANCE.-The ad-
vance in the price OF Colorado Southern common
stock accompanied by 4 report not widely
credited that the company will soon pass 10 the
control OF interests Earnings of this property
in the last year have shown marked gains its phvs-
ical condition has been materially improved. and
Irrespective of change Of control reports the COM
pany's various issues being absorbed on their
intrinsic merits
UNITED COPPER DIVIDEND UNCHANGED.
THE directors OF the United Copper Company
have declared the regular quarterly dividend OF
IA per cent and an extra dividend Of p per cent
ca the common stock. payable October 81 TO stock
holders of record October 70
REPUBLIC IRON AND yTEFI.-At the newt
meeting OF the directors OF the Republic Iron and
Steel Company T. s. Guthrie will resign as a
director OF the company J. B. Duke and X 8
Black will hll the vacancies caused by the resig-
nations OF Mr.. Guthrie and Harry Rubens
DIVIDEND DECLAknD.-The Alliance Realty
Company has declared its regular dividend OF IA.
Per cent and an extra dividend of per cent on it's
capital stock, payable October Is
GOLD IMPORTS.-The National City Bank en-
gagged yesterday $4,000 gold for import
MONEY FOR NEW ORLEANS-The Sub
Treasury transferred yesterday Tor local banks
$4,000 10 New Orleans