New-York tribune., 1906-07-13
WALL STREET AND EXCHANGES

FOREIGN TRAD4NG--FOTeisn houses dsalt 4,
less than 1900 shares In the local market brri-,
on balance In London eousols were steady a.
the foreign bond market was heavy. Copper Sos,
were inclined 70 sag. being affected by decline ia
the price OF the metal. The Bank OF England r,1s.
strong weekly return and made no ehangs In i-s
discount rata. Tho settlement passed OF within,
trouble
CROP MONEY MOvING.-Advices from S. Lo.,,
say that money IS already being shpped fron th..
point TO the Southwest Tor crop-moving purposes
The demand Is larger than a year ago. and. coming
Il does two or three weeks earlier than usual /:
Is believed TO be the fOrerUnner OF season OF I-y
and unprecedented call for funds. The southEss.
has taken large sums Of money since the last crop
period The funds have been absorbed bv th@ e.
pansion OF Industry and IN commercial demand s15
the statement IS not wide OF the mark that TIA
combined requirements OF the character have tak-a
Up the interior leaving little for the eros
The money centres must therefore meet the eus-.
gency and the strain upon the latter may be hszg-
SECURITIES LLSTED-The following additousl
securities have been admitted to trading On Tia
New York Stock Exchange: Buffalo and Suss-s-
hanna Iron Company, 100000 first mortgages Per
cent sinking fund coupon bonds Of 1872; Uaiaa
Electric Light end Power Company. Ss2l2ea1 Est
mortgage Per cent thirty-ysaF coupon bonds q
1852; Sunday Greek Company. S8.s500O thirty-ulas
year per cent sinking fund bonds Of 1874; an a.
ditional s1G90O0O0 OF the general mortgage q Per
cent bonds. due 1892. Of the Chesapeake & OH,
Railway COmpanys an additional S2.OO0,ON Of gen
eral mortgage 4 per cent bonds. due 1897. OF ths
Reading Company and Philadelphia and Reading
Coal and Iron Company.
DIVIDENDS DECIAARED-The Lawyers IN,
Insurance and Trust Company has declared
dividend Of per cent on the stock. payable An
gust L The National Steel and Wire Company has
declared regular quarterly dividend Of III I-7
cent on the preferred stock. payable August Ihs
Homestake Mining Company has declared the res
ular monthly dividend Of 90 cents share. paysn.s
July q The regular quarterly guaranteed divids-1
Of IL per cent on the capital stock OF the Rome
WatertOvn & Ogdensburs Railroad has been g.
elared, payable August 10 The directors o. tns
National Glass Company have declared the USua-
quarterly dividend Of 1si per cent on the preferred
stock The Lincoln Safe Deposit Company has De-
clared semi-annuaI dividend OF Sls per cent 81
increase az the rate OF per cent year
IRON PRoDUCTIoN.-The gradual falling q IN
the production Of pig iron over the last thres
months has been due almost entirely % the bank
ing OF furnaces for repairs The blast furnaces q
the country have been operating under high ten
sion for the last twelve months. and many q than
have been pOstpOnins much needed repairs as lo,s
production would likely be cuTtailed on the f1l--
going account. The monthly pig iron returns q
The Iron Age show the production OF coke ara
anthracite pig iron in June have been Is4hS
TONS as compared with 2OssTs6 tons in the pIsos1-
ing month.
that there viii be few changes IN the prices o. rs
leading classes OF finished steel over the next 81
months. They base their calculations on the 500
up condition OF the mills and the determiHataE q
producers 70 prevent demoraIizing huctuau0ls n
quotations. large percentage OF the mills q To
country have sold their possible capacity fFo1 sA
to eight months ahead. The future viii css-~l
largely specifications against these existing ccl'
tracts
PIG IRON CERTIFICATES.-Pig iron ees,'-
teates at the New York Produce Exchange to-eN
were dull, with prices steady and unchanged InsIs
were no sales. Prices for regular follow: Cls--
16.1O bid; July. 1870 bid August and Octobe7 i'-2
G16,15; November. 16.1OGl6.25. Quotations tf
standard foundry follow: July. 400 bid; Oetosef
and November. 1725Q17.5O.
GULF & SHIP 1SLAND.-The volume Of l-:s'ss
shipped from GufpOrt. Miss. the southern tes e.
Of the Gulf & Ship Island Railroad during ta Is,
six months OF 1905 in excess OF $50 O00ooo Iss-
An increase Os 1OO.oOOOOO feet GOr the entire ysas
predicted.
COPPER PRICES LOWER-There was s--0
break in prices OF spot and future copper II Se-
terday's London market The weakness vas -
tTtbuted 20 manipulation of American esu
clique. Corresponding weakness was reported u -
local copper market.
STOCK EXCHANGE SEATS DECLLNE-A scar
on the New York Stock Exchange was sold yess'
day for $4,000. compared with the last preee-'
price Of sS&Oco