New-York tribune., 1906-09-22
WALL STREET AND EXCHANGES.

% 600 shares in the local market buying 1900 shares
on balance. In London the general market was
strong Notwithstanding hrmer rates FOR money
Discounts rose sharply on the announcement that
the F3ank Of England would not discount for other
banks under 41z per cent or lend under 5 per cent
to its customers According 70 cable advices. Lon
don bankers believe that tbs action Of the Bank or
England is due TO desire raise discounts and to
avoid advancing its own bank rate The demand for
money abroad was active. but rates closed snehuy
under the best figures of the day
MOVEMENTS OF CURRENCY.-The reported
movements Of currency this week Indicate a gain
In cash held by the banks of S164lSO0 This amount
was derived entirely from gold imports. On the in
terror movement the banks lost S52130 the largest
loss for any week in the current movement On
Sub-Treasury operations proper the banks lost
S4S1.OO0 owing TO the excess OF government re-
ceipts over expenditures Receipts OF new gold
were S5s52.1cO. the greater part Of which came
from Europe.
APPLICATION TO IIST.-Application has been
made 20 the New York Stock Exchange TO list
additional 10000 first mortgage per cent bonds OF
1881 OF the ST. Joseph Railway. Light. Heat and
Power Company. and an additional $4,000 COM
mon stock Of the Philadelphia company.
MONEY FROM 'FRIsCO.-San Francisco trans
ferred 70 New York yesterday 10000 in new gold
DIVIDENDS Observation-Disclosures have been
declared as follows: Mexican Telegraph Company.
regular quarterly. 2s per cent. payable October 13
Rubber Goods Manufacturing Company. semi-an-
nual 1 per cent on the common stock. payable
October Is: Distillers' Securities Company. quar-
terly. Ia per cent. an increase OF One-fourth OF
per cent. payable October q: Central and South
American Telegraph Company. quarterly. Ia per
cent. payable October s.
RUBBER GOODS DIvIDEND-The Rubber
Goods s-Manufacturing Company has declared a divi-
dend of per cent on its common stock. This is the
first declaration made on that issue since july 1871.
when quarterly dividends. which had been paid on
that issue for one year at the rate OF per cent
annually discontinued. This dividend and
that Of per cent declared the stock Of the Gen
eral Rubber Company Thursday will nearly pay
dividend on United States Rubber common at the
rate Of per cent year. which was the rate paid
from July. 1893. to April. 1900. when payment on
that issue was discontinued. 1t is understood that
the directors OF the Rubber Goods Manufacturing
Company contemplated the declaration AT this time
Of dividend OF per cent on the common stock
but that they decided TO exercise extreme cOnserv
atsn and order the payment now OF only'1 per cent
out OF the earnings Of the last six months and TO
declare another dividend OF 1 per cent six months
heace. thereby establishing the stock on per
cent annual basis
READINGS EARNINGS.-Accordng 70 a caIcu-
laton made yesterday the true earning capacity
of the Reading Company. measured by the surplus
equities shown IN the report for the year ended
July 80 is over Is per ent on the common stock.
against Ga per cent shown in the combined state
mat issued by the company The Reading Com
pany is holding company. owning all the stock OF
the Philadelphia & Reading Railway and the Phfla-
delphia and Reading Coal and Iron Company as
well as about sl9.AoOOo OF bonds and $40 10000 OF
miscellaneous stocks. Inasmuch all the stocks
of the railway and OF the coal and iron company
are owned by the Reading Company. the operations
of the three companies may be taken TO represent
the surplus earning capacity for Reading Com
paays stock. and a study Of the figures will show
the amount earned on the common stock as stated
above.
CHESAPEAKE & OHIO.-Chesapeake & Ohio
bought on the statement showing per cent
earned the capital stock II is quite generally
believed In Wall Street that the dividend will be
increased
PIG IRON CERTIFICATES-Pfg iron certia
eat4s at the New York Produce Exchange were
dull but firm and partly higher. There were no
sales. Prices for regular were: Cash. SIS 25 bid:
September SIS 2Sls1S 75 October SlSqsls IS: Noveu-
Der. AS 50 asked: December. SIS 50 asked: January
February and Ma-ch. Sls asked Prices for stand
ard foundry sollow; September. so 25GSO 25: O,-
tober, SIS 2SQs2o; November. SSGS9 Is: December
NsG$ls 7O January and February, SIS 50Qss q,
March, SIS 5OQS1s.
lNFERBOROUGH'S REPORT-In the va.r
ended June. so. 1906. earnings OF the Interborougb
RAPID transit system amounted in gross 10 Sls s5
eSt' compared with Sl6s57S7O IN the preceding wear
Of the total the elevated division supplied SO "a IN
while the subway supplied IS 800 S7s Af,.r ,b, -
meat or all charges and dividends the entire svsta
SHOWS surplus OF s2Sl.S $50 compared with surpn,s
01 s''4I IN 1870, when, however. figures were To-
esh' months oniy. Detailed earnings follow:
Gross saTninss essSs4 sra SO Inc CasSEes ss
otSsf Sst neoms fsGSl9s' 2 s4 sS
Total income. 49,. .SI2OlO27f SO a91 oog -, -.
Fixed eharEes sssiasa SSiioS Hns Inc sS ie s.s s
Di1isRds sisRSs g sssss sss So Inc s7ssso