New-York tribune., 1906-07-27
MINING.
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-FOreign houses dealt IN
10000 shares in the local market selling on balance
In London the general market was strong. with a
further recovery in Russian bonds and consoIs The
Kafir shares buoyant. The Bank OF England
made change in it's discount rate though the
weekly return less favorable than it was a
week ago
DIVIDENDS DECLARED-The directors ~ the
American Smelters Securities Company have de-
clared the regular quarterly dividend Of Ia per cent
on the preferred class A stock and IL Der cent on
the preferred class stock, PAYABLE on September
/ The directors Of the Corn Exchange Bank have
declared the regular semi-annuaI dividend OF per
cent payable on August / The directors Of the
American Shipbuilding Company have declared the
regular quarterly dividend OF per cent on the COM
mon stock and extra dividend of > per cent pay
able September l. The directors of thesCasein Com
pany of America have declared the usual quarter
ly dividend Of per cent the preferred stock
payable August 10. The directors Of the Buffalo
Rochester Pittsburg have declared the regular
semi-annua dividend OF per cent on the preferred
stock and per cent on the common, payable on
August Is.
PIG IRON CERTIFICATES-P iron certificates
at the New York Produce Exchange were firm to a
shade higher. There was a sale OF 100 tons OF
standard foundry December at $l7 So Prices for
regular follow: Cash and July. SIG 5OGS17 %; Au-
gust SIG 75d$17 So; September and October SIG $50
ard foundry follow: July. 81 5OdS17 Is; August
81 4OGSl7 20; September. October and November
S11 50QSlI IS; December, A7 450S17 80.
LARGE IRON SALES.-Buying OF pig iron was
resumed on a large scale this week and It is est-
mated that within the last four days over 10000
tons sold, including 25.GOO tons for the Inter
national Harvester Company The tendency OF
prices is upward. and no sales of Southern Foun-
dry No. are being made below SIS 80 a ton
ADMITTED To QUOTATION.-Canadian Pacific
certificates of subscription second instalment $40
paid for. new ordinary capital stock have been
admitted to quotation in the unlisted department.
Of the Stock Exchange and quotations of first in
stalments have been discontinued
MISSOURI PACIFIC CUTS GRAIN RATES
Missouri Pacific has met the reduction Of the chi
cagO, Milwaukee & St. Paul OF s cents a hundred
grain from Missouri River points to Chicago by-
a cut OF 224 cents from Missouri River points to
Mississippi River points to become effective JULY
80 and expiring August 26. The reduction extends
to Memphis and the Gulf
NEW STOCK EXCHANGE NEUTRALITY-SUSPICIOUS.
L. Frank. making his headquarters with J. =
Bache & Co., has been admitted a member OF
the Stock Exchange in the place Of William Coon
er. Edward A. Mccullough has bought the stock
Exchange membership OF J. L. d. Speer OF Pitts
burg. for $4,000. The last preceding sale was at
$7S.Oo0
CANADIAN PACIFIC sTOCK-A director OF
the Canadian Pacific Railway says that the real
for the steadiness OF the stock Is that the
greater part OF the floating supply Is no lonzer
held either in New York Montreal but has
been transferred to London. and holders there are
not anxious 20 SELL
IRON SALES.-There was sale OF 200 tons OF
No foundry iron yesterday. q basis OF SIS 90
Jersey City. This represents an advance over pre-
ceding sales. There inquiries in the local mar
ket for about 15.Oo0 tons Of foundry iron jnclud-
ing one lot of 5000 tons.
MONEY FOR CANADA.-The Bank OF MONTREAL
has arranged to send $4,000 in sold to Canada.
Canadian banks frequently make remIttances az
this time of the year from New York.
NEW DIRECTOR FOR UNITED STATES
MORTGAGE AND TRUST-At the annual meet
ing OF the stockholders OF the United States Mort
gage and Trust Company yesterday William A
Jamson. OF Arbuckle BrCthers & Co. was elected
a member Of the board Of directors.