New-York tribune., 1906-08-23
WALL STREET AND EXCHANGES.


sOOs0 shares in the local market. most Of which
were sales Selling represented realizing opera
tions In London cOnsols were heavy ana the gen
eral market inactive. Money was IN fair de-
rland on account OF the heavy dividend disOnTse-
rnents by the railroads. and discounts were nrIn
The Continental bOurses were featureless. Ac-
cordine TO London dispatches bankers abroad view
the current speculation this centre with cO1sid-
cradle alarm.
MONEY AND GOLD IMPORTS.-Time money
for all periods from sixty days lent at per cent
yesterday and furnished bear operators In STOCKS
an argument against higher prices. Call money
also advanced. lending high as per cent kuhn'
Loeb & Co. put out 100000 at per cent sterhng
exchange was quoted at 4s4O64s4iS for demand. the
point az which gold could be imported Probably
the absence OF engagements was due to the limited
supply Of the metal available IN the London mar
ket Next week there will be S.Ooocoo Of South
African gold in the market, and the chances are
that New York will get the greater part Local
banks have lost on Sub-Treasury operations SO Iar
this week more than s4.oc0Ooo.
WHEAT MARKET AND wEATHER.-wheat
was strong on the Produce Exchange. the ad-
vance being influenced by apprehension regarding
the spring wheat crop. Damage reports were rather
numerous although probably exaggerated. The
offerings OF spring wheat have yet assumed any
volume and this is realized by the traders who have
sold In anticipation Idea is expressed by some OF
the best interests that Of regular grades OF sprns
wheat the crop viii be only about needed for
requirements
creased crop Of macarOni. Bids on wheat for sx-
port did not respond to the recent American
strength and while frmer we're noe UP 20 our ad-
vance
DIVIDENDS DECLARED-The directors Of the
Railway Steel Spring Company have declared the
regular quarterly dividend OF 1%s per cent on the
preferred stock. payable September 90 The dt-
rectors Of the United States Reduction Refining
Company have declared the regular quarterly divi-
dent OF 1ls per cent payable October l. The Calu-
met & Arizona Mining Company has declared
quarterly dividend OF SO so share an increase OF
soc share over the last previous dividend. II is
payable September 20.
PIG IRON CERTIFICATES.-Pig iron certificates
AT the New York Produce Exchange were arm but
about unchanged There was a sale of 200 tons OF
October regular az I7 %. Quotations for regular
were: Cash and August, S17 so bid; September.
SIT 5OqslS: October. November and December. a7 IS
Gas. Prices for standard foundry follow August
sleaSao: September SIS 256s9 October SIS 25aSlS So
November. s17 sOGs1s; December, ST. 95Qs1S
THE COPPER MARKET.-A representative OF
the leading copper producing interest in the cOun-
try said:
Aside from the advance in spot copper at London
there is no change in the condition of the copper
entering into the price entirely sound You don't
paGe or eeSse pS gg procss 6v % ee So6 fbs
output to the END 3D. OF M the year or longer. I have
year for copper production ard sales that the
try has had
STANDARD CORDAGE COMPANY.-The new
securities of the Standard Cordage Company will be
ready for delivery on and after September at the
Equitable Trust Company. Scrip (amounts under
slO0) will not be issued The first mortgage bond
holders committee has arranged that certificate
holder may purchase enough additional securities
OF each class (under s entitle him 70 even hold
ings az the following rates: New first mortgage
bonds at "a. adjustment voting bonds az So new
stock at 49, The holder may also sell his fractional
rights OF each class (under SlO0) at the following
rates; new first mortgage bonds at 72 new adjust
ment voting bonds at 81. stock at IL.
NORTHERN PACIFIC-ST PAUL RUMOR.-The
old rumor that the Northern Pacific will purchase
the control Of ST. Paul is again doing service II Is
said that holders OF ST. Paul will get In the neigh
boThood OF go for their stock.
LISTED ON STOCK EXCHANGE.-The New
York Stock Exchange hQs listed S1.OSOcoO additional
River & Gulf division first mortgage per cent
thirty-year coupon bonds of 1888 OF the So. Louis
Iron Mountain & Southern Railway Co.
NIPIssING MINES COMPANY.-The directors OF
the Nipissing Mines Co have decided 20 cancel the
100000 shares of treasury stock. thus limiting the
amount authorized ~ the l2r0OOO shares OF a mar
value of 100000 row outstanding