New-York tribune., 1906-07-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-FOreign houses dealt IN
5000 shares in the local market. buying heavily on
balance In London there was further sharp re-
covery in consOls, also improvement IN Russian
bonds. The general market was irregular with
declines In a number Of issues on profit taking
sales The settlement concluded without
trouble. and foreign sentiment much more
cheerful than recently reported. There was no
change OF importance In European discount rates
MOVEMENT OF 1rONEY-The reported move
ment Of money this week shows gain In cash
held by the banks of S1510o0. The total gain from
the interior was a1O0; gold. S.ss0OoO and
direct Sub-Treasury operations. $1.S5220O. There
was loss OF 100000 on the return OF United
States deposits Receipts from the interior were
larger than In any week since the week ended June
Of the current year.
INTERNATIONAL. STEAM PUMP-The strength
of International Steam Pump Is attributed TO the
final consummatiOn OF the plan whereby the Steam
Pump Company acquires the Power and Mining
Machinery Company. the Guggenheim property
Stockholders OF the Steam Pump Company voted
favoraby May the proposition 20 issue 5000
shares Of preferred stock and $500 shares OF
mon stock 20 be taken by the Power and Mining
company in payment for its capital stock Legal
complications caused a hitch in the contamination
of the plan. These however. have been overcome.
is stated within the last twenty-four hours and
the property finally acquired by the Steam Pump
Company.
BRAzILLis COFFEE ''vALORIzATIoN- Law.
valorizations arbitrary fixing OF valuation.
law are making rapid progress Offers from
German banks in competition with the French-Bel-
gian syndicate now larger than required since
the proposal TO fix the rate OF exchange has been
eliminated from Brazilian government plans Gable
messages from Brazil report the Senate practically
unanimous for the passage Of the valorzation law.
The President Of Sac Paulo has promised exporters
that the duties would not go into effect until
September l. but the valOrization Of coffee would
A..
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets reports the exports OF grain for the week
with comparisons. figures in bushels. as follows
Wheat -four included 17Os O5 against 15S5.sSz last
week. S64 las in this week last year. 13265 in 1904
and 6AsSSE in 1901 For the last four weeks OF the
in 1904 and 2SS75s4S in 1901 Corn exports for the
week 5SsO7s against sS7163 last week 1852 in this
week a year ago. A5sa4 In 1904 Since July l. 1852
SO. against S.7S4,OSS in 1895 and 2AO544 in 1904
PIG IRON CERTIFTCATES-Pig iron certificates
at the New York Produce Exchange were steady to
firm, but quiet There were no sales. Prices for
regular follow: Cash and July. SIS Is bid: August
September. October and November. S16 759S7 Is
Quotations for standard foundry follow: July
August. September and October. SI7 5O9Sl7 g; No
vember. sl7 55G$l7 20: December. a7 SO9Sl7 20
STATE BANK-Ae the stockholders meeting OF
the State Bank the requirements Of the Clearing
House were accepted. The banks capital in
creased from 100000 20 S.O0O,OO0 with surplus Of
100000; and IL was voted TO insure Is per cent
against deposits. with additional Is per
cent liquid assets. The Norfolk street build
ing will be ready for the bank about December l.
when it Is intended 70 give Up the present location
In Grand street.
LARGE CANADIAN CRoPS-R p. Robin.
Premier OF Manitoba and Minister Of Agriculture
says the crop Of wheat in Western Canada will
reach 1OO.OOO.OO0 bushels and that 5000 men are
needed for the harvest fields. He also saws II viii
take the Canadian railroads twelve months 70
move the crops
DIVIDENDS DECLaARED.-The directors OF the
Diamond Match Company have declared the regll-
lar quarterly dividend Of "a per cent, payable
10 The directors Of the Proctor q
Gamble Company have declared the regular quar-
terly dividend OF per cent on the common stock
payable August 10 The directors OF the Alabama
Great Southern have declared a dividend Of q Der
cent on the preferred stock. payable August .
LINCOLN TRUST INCREASES CAPITAL m
stockholders Of the Lincoln Trust Compan,, ba7,o
voted to increase the capital stock from sOOOo -
100000 OF the new stock 50 per cent will be issued
to present stockholders at sllO a share while the
remaining per cent viii be issued at $50 a share 10
any one who wishes TO buy IL.
COFFEE PRICES HIGHER-ArbucEIo u~o4h..
have advanced the price OF package coffee half a
cent a pound. 70 Il cents.
PITTSBURG COAL CoAIPANY-Gross ear,,D..
for the six months ended June 80 OF the Pittsbro-
Coay Company S2SsAs22 an Increase OF seoS sSS
and net earnings SS5s.S2S an increase OF sss1 1OR