New-York tribune., 1906-07-11
MINING.
WALL STREET AND EXCHANGES.

WALL STREET AND EaCHANuEs.
FOREIGN TRADING.-Foreign houses were noe
active factors in the local market trading In 5000
shares. all sales. In London the general market
was hrn especially the copper stocks There
were no unfayorable Developments IN the fortnight
ly settlement. Money was fairly easy In the for
eign capitals. though In London open market dis
counts fractionally higher.
QUARTERLY FAILURES CLASSIFIED. IN
sOlveney statistics FOR the second quarter OF 1896
are presented this week by branches OF business
according TO returns compiled by "Dun's Review
In the three months just ended losses In manu-
featuring undertakings were much smaller than in
the corresponding months OF any recent year, al
though liabilities were larger than last years in
six occupations But in case was the increase
over 1895 Of especial magnitude the greatest differ
ence being about sSO0OoO each in machinery and
leather The other adverse comparisons were In
Significant and occurred IN hats chemicals milling
liquors and tobacco. On the other hand, there
were several decreases OF considerable size notably
about N,1Oooo In the miscellaneous manufacturing
class and almost 2.GnoOoo IN lumber while the
Improvement was about $4,000 IN wooIIens printing
and clothing. Other classes showing smaller La
bflties than last year iron cottons glass ana
earthenware. As TO number the total decrease in
manufacturing branches was nearly 100 every class
except miscellaneous showing more or less improve
ment
HEAVY BUYING OF PIG IRoN.-A heavy in
crease in Inquiries calling for 50OOO tons OF foundry
and gray forge iron, has devaloped after a vvea-
OF inactivity. Machinery and pipe makers are the
largest prospective buyers but stove and radiator
makers and general foundry people are also repre-
sented This new demand has caused the market
10 become hrner and some Of the large furnace
interests. both North and South. have withdrawn
from the market temporarily, as they have booked
their capacity up 70 October and are not willing
20 accept new business at any figure Alabama
foundry grade sold the basis Of SIS 80 at Birm-
1nSharns Virginia brands at SIS 50 and SIG Eastern
Pennsylvania at s17 80 and New York State GRADES
at SIS % and a7.
STRUCTURAL sTEEIA-The structural and
fabricatng mills Of the United States receiver r,or
orders In the aggregate for the first half OF 4bs
current year than in any corresponding period in
history. The American Bridge Companv,s business
ecpsed the preceding high record for the first half
by more than $1,000 tons. The buiIdine, parr,fts
ded IN the leading cities the country since the
aEst OF the year exceed s60oOO0COO in valuation,
ngure Tar in excess Of the corresponding period Of
last year The railroads. this year, win consume
more structural steel than ever before
PIG IRON CERTIFICATES iron certificates
az the New York Produce Exchange were IN SLIGHT
ly better demand. Prices seneraIIv vAra a eLs5.
higher. There were sales OF 100 tons Of October
regular az SIS 30 and 100 tons November standard
foundry at SIT 20 Prices for regular follow. Cash
SIS Is bids July, SIS 25Ga6 IS: August SS S56sls 50.
OCTOBER S6 4o9S1s 50; November. s1S SO0MS So Quo
tations for standard foundry follow: july and
October, A7 2sGs17 50; November. s17 1s9sl7 n
POOL LIQUIDATION IN INTERBOROTrcu
MhTFoPoLLTAN-The decline in the price or IN
ternoroush-Metropolitan shares yesterday was due
II was generally believed 20 the liquidation OF stoc
by some Of the members OF the pool which ore..,,
lied TO buy, If necessary 100000 shares Or tbs 60
mon az 50. In order 70 maintain the price OF tba
security at that level This pool it Is understood
mas been dissolved. leaving the members with a
large amount Of the stock their hands, which at
present prices shows considerable loss
SOUTHERN RAILWAY BONDs-PrsA1z.- a
Co. OF this city. are offering $Ic00OOO Southern
Railway. ST. Louis Division, first MORTGAGE soils a
per cent bonds at S95h and interest yielding over
per cent. These bonds are direct obligation OF
the Southern Railway Company, secured N, IiaDo
on that part Of the system known as the St. louis
Division.
RETURNING UNITED STATES DEPosITs-
At the local sub-Treasury Il is expected thar the
greater part Of the $OO0Go0 special United States
deposits to be returned between July 10 and II1l N
will be received by the government at this centre
Yesterday the first day for the return OF these
deposits. and several large payments on this sc
count wers made
SALES OF COFFEE EXCHANGE FOR YEAR
The statistical report OF the New York CoTes
Exchange for the year ended June 80 which has
Just been completed shows total sales in the wear
OF 1s6OS,5Oo bags, compared with q $3.50 bass IN
1sO1-Oa ~
STATE BANK SPECIAL MEETING CALLED
"A special meeting Of the stockholders OF the
State Bank has been called for O'Clock july q
for the purpose Of voting proposition to In
crease the capital Of the institution from 100000 to
81 O0O.OO0
UNITED STATES CAST IRON PIPE AND
FOUNDRY DIVIDENDS-Ths United States Cast
Iron Pipe and Foundry Company has declared reg
uar quarterly dividends OF 1& per cent on its pre
ferred stock and OF per cent on its common stock
both payable on September /. The dividend on the
common stock has heretofore been declared quar-
ter at the rate OF per cent, but now for the Arst
time is specified as being regular quarterly pay
ment.
COPPER PRICES LoWER.-On the New York
Metal Exchange the price OF electrclytc copper has
been reduced 1ractionally quotations yesterday
being 1sis01sSc- This compares with a high price
for the year OF 1850 Tor electrolytc and 1sc FOR
lake,
NORTHERN PACIFIC DIVIDEND IN
CHANGED-The directors OF the Northern Pa
cihc Railway have declared the regular quarterly
dividend OF 1s4 per cent. payable August L