New-York tribune., 1906-06-23
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
10000 shares in the local market. mostly sales OF
Union Pacific. Southern Pacific and Steel In Lon
don the general market was weak. while the
Continent prices as a rule, lower. rejecting
the uneasness over the Russian situation. Il is
expected that the fortnightly settlement which will
begin Tuesday will considerable speculative
demand for money. but rates rule. easy
In the foreign financial centres.
DIVIDENDS DECLARED.-Ths directors Of the
Citizens Central National Bank have declared the
regular semi-annual dividend of Ser cent payable
July .. The directors OF the Chatham National
Bank have declared the regular quarterly dividend
OF 4 per cent payable July 2. The board Of di-
rectors Of the Hanover National Bank has declared
a quarterly dividend Of per cent. payable July .
This dividend is at the rate Of Is per cent year
and is an increase at the rate of per cent year
over the dividends heretofore declared. Directors
of the Westinghouse Electric and Manufacturing
Company have declared the regular quarterly divi-
dend Of 21a per cent upon the preferred asserting
and nOn-assenting stocks. payable July 10 TO stock
holders Of record June q. The directors Of the
Importers and Traders National Bank have de-
clared the regular semi-annual dividend of 10 per
cent, payable July ?. The directors OF the National
Park Bank have declared the regular quarterly div
dend Of per cent, payable July ,. The Central
Trust and Safe Deposit Company has declared
semi-annual dividend of 2 per cent payable July .
The Alabama and Georgia Iron Company has de-
clared a dividend of 1 per cent out Of earnings
The directors Of the Liberty National Bank have
declared the regular quarterly dividend of 4 per
cent payable July to stockholders OF record June
60 The directors Of the Riverside Bank have de-
cared the regular quarterly dividend of per cent
payable July . Directors OF the Cutting Car Com
pany have declared regular quarterly dividend of
ia per cent. payable July 10 stockholders OF
ord June q. This is the seventy-sixth quarterly
dividend declared by the company The directors
Of the Mechanics National Bank have declared
semi-annual dividend OF per cent. payable July
to stockholders Of record June 19 The directors of
the Peoples Bank have declared the 112th cOnsecu-
tive semi-annual dividend. at the of per cent
payable July .. The board OF directors OF the New
York Mortgage and Security Company has declared
the regular semi-annual dividend OF 4 per cent.
payable July to stockholders OF record June 26
The board OF directors OF the Colonial Trust and
Savings Bank has declared the regular quarterly
dividend OF per cent and extra dividend OF
u per cent payable July to stockholders OF record
June q. The directors OF the Mobile & Ohio have
declared a dividend of per cent. payable June %
to stockholders Of record June p
STEEL SITUATION.-The present situation IN
steel circles. according TO a high officer OF the
Carnegie Steel Company. is most hopeful All the
mills and furnaces are in full operation, as they
have been for some time past. and there Is no
change in conditions in sight There are many
orders ahead. and there is every prospect for the
continuance Of operations for all the plants for
an indefinite period. No change in Steel Corpora
ton prices has recently taken place.
BURLINGTON SYNDICATE TO DISSOLVE
Plans have been made TO dissolve the syndicate
formed in December 1904. to market the s24.00,0OO
Chicago. Burlington & Quincy. Illinois Division.
per cent bonds. purchased that time from J. p
Morgan & Co. at 1O5 Although the bonds have
since sold as high 107s +. is understood that the
greater part of the issue will be taken by the in
divtdual members OF the syndicate. As result Of
the inactive bond market in the last year and be-
cause Of the recent suits decided against the Bur
lington for rebatns, the Illinois Division Is have
sold as low 102.
MOVEMENT OF MONEY.-Reported movements
of currency this week indicate gain OF cash held
by the banks of 8. 1.5sS6O0. The banks gained from
the interior 2176OOo and 1854 200 in new gold The
loss to the Sub-Treasury s2,25S 300. The gain
from the interior exclusive OF transfers from San
Francisco sss5600.
COPPER PRICES.-For the first time since May
"A copper prices the New York Metal Exchange
have been changed with yesterdays shading in both
bid and asked quotations for all grades. Lake. at
1s1Rc to 1S2c and electrolytc. at 1S4c 70 1Ssc
now at the level ruling the exchange from
March II to May IL, when that and the subse-
quent day advances made.
NORTHERN IRON AGAIN ADVANCED.-The
price of Northern foundry iron was advanced so
cents ton yesterday. making total advance OF 81
ton within the last week. The Republic Iron & Steel
Company and the Tennessee Coal & Iron Company
have made additional large sales OF iron.
NEW YORK CENTRALS RAIL ORDERS.-Ths
New York CentraIs rail orders for 1907
pected TO be placed next week. They will probably
exceed 10000 tons. being the largest ever given.
STOCK EXCHANGE SEATS DECLINE.-The
last sale OF Stock Exchange seat was made at
$4,000. The last preceding sale $4,000.