New-York tribune., 1906-08-18
WALL, STREET. AND EXCHANGES.

FOREIGN TRADING-Foreign houses bought
1000 shares in the local market In London con-
soils were steady and the general market was quet-
Copper stocks inclined 20 sell on Money
Was easv in London, and there was no change Of
,pnportance In Continental discounts Russian
bonds were inactive
NORFOLK & WESTERN CAPITAL ~
CRBASE.-Notice has been issued by the NorrolN
g. Western Railway Company that after the an
nual meeting there will be held a special meeting
in Roanoke Va on October II, 20 authorize an
increase Of common stock OF S4.Ooouo' increasing
the capital from sssO00Oo0 20 Sn,coooo' ana 20
vote on proposal TO issue convertible bonds or rne
conpanv not TO exceed Ss4OoO.Ooo. the bonds 20 be
convertible into common stock and 70 contain such
provisions may be authorized oy tho ooaro OF
directors.
SUPERIOR QUALITY OF NEW WIdE1AT--1nus
far this year primary grain markets have round
an unusually large proportion OF wheat grading u2
to contract quality At Chicago fully s. per cent
Of carload receipts were OF this grade. Last year
less than half came within contract requirements
This superiority in quality should so far toward
removing foreign objections 70 American grading.
of which there have recently been complaints TO
old wheat. It should also improve the chances OF
American flour in competitive markets. IL will
likewise require less wheat 70 make given guam
tty Of -four than has been the case for some years
PIG IRON CERTIFIcATEs.-Pis iron eertih-
Gates at the New York Produce Exchange were
somewhat irregular, and the undertone was barely
ware nnade One hundhed tons Of October at SIS 10.
100 tons Of October s2 10 100 tons OF October at
SIS 100 tons Of November at SIS and 200 tons OF De-
cember at SIS. Prices for regular were; Cash SII
bid; August. September and October. NI 90 BID;
November, S17 90 bd December, 81 zO9Sls quota
tioas for standard foundry follow: August, SIS q
bid: September SIS 1G9ss IS: October. SIS Oo9ss 10;
November. slsaas Is: December. s17 soGSl2
BAR IRON PRICES UNCHANGED-A meeting
Of the Eastern Bar Iron Association was held in
this city on Thursday. and II was decided TO re-
affirm the existing schedule OF prices In view Of
labor troubles it was thought prudent to make
change, although bar iron is being sold by some
manufacturers on a basis OF 81 60. compared with
the associations minimum Of s. 80 per 100 pounds
PENNSYLVANIA DIvIDEND-A Philadelphia
disoatch says an authority close 20 the Kuhn Loeb
& Co. and Pennsylvania Railroad interests states
PENNSYLVANIA Railroad stock will be at the rate Of
per cent The next semi-annual dividend will be
acted upon by the directors In the first week OF
November.
GRAIN EXPORTS FOR THE wEEK--'Brad-
streets reports the exports grain for the week.
with comparisons. In bushels: Wheat, -four in
cluded 2227954, against 22629d last week. 1GSS.5S
this week last year and 1O5O47 in 1904 For the last
seven weeks OF the fiscal year 14seS.22. against
67O81s4 in 1sO5. and e.54sss IN 1904 Corn 525.7S.
against 12926Ss last week. 117E.OSs in this week
year ago and 52OSS2 in 19O4 from July l. 51Oi1SO.
against 7O77.24S in 1905 and S,7sS.A7S In 1904
ST PAUL RIGHTS-Rights on the new St. Paul
stock which are selling the curb at 1914 actually
work out at nearly 90 with st. Paul at 1868. This
is without any allowance for interest charges on
the purchase of rights and conversion into stock
These are less than usual in this because the
new stock is TO be fully taken up oy November u.
an unusually short time for such operation
MOVEMENT OF MISUNDERSTANDING to the
known movement OF money in the week the local
banks have lost upward OF s1.O0oONo. There was
large excess OF shipments Of currency 20 the IN
terror over receipts. but this in part Offset by
a large gain from new gold.
THE MYSTERIOUS GOLD ENGAGEMENT
Is now reported in London that the bar gold which
bought there last Monday, presumably for New
York account. actually taken for the account OF
Russia.
CHICAGO GREAT WESTEFN.-The directors Of
tho Chicago Great Western have declared the reg1l-
lar 2Is per cent semi-annual dividend on the pre-
ferred stock. payable October l.
UNITED RAILWAYS OF ST IsOCIS-yuly gross
earnings OF the United Railways OF Sc. Louis in
creased S67.SSS: net increased S25.Zn: for seven
months net increased SS54.3s7.
PAYMENTS FOR PANAMA BONDs-PavmsD4s
TO the Sub-Treasury yesterday on subscriptions TO
Panama bonds amounted 20 nearly SSOoaOGO or one
tenth OF the entire issue.