New-York tribune., 1906-12-18
WALL STREET AND EXCHANGES


25000 shares IN the local market selling balance
In London the general market quiet. without
much feature, the copper stocks being inclined to
sell off on realizing. Money was in moderate de-
mand. The Bank of England secured all the gold
which was offered in the open market. There
changes of Importance at the Continental cap
itals either in money securities.
HEAVE IRON SALES.-The demand for iron for
delivery in the last half of next year continues ex-
ceptionaly brisk. During the last week something
like 100 600 tons disposed of in The East and
nearly $1,000 tons in Buffalo. One firm alone sold
upwards of $1,000 tons. Large inquiries in the
market for additional tonnage for delivery In the
last half. and will probably develop into orders
this week The Southern iron companies COM
planning of the car shortage. A representative of
one firm saws they have thousands of tons stocked
In the yards which cannot be shipped on account
of inadequate transportation facilities
HARTMAN LINES RAIL ORDERS-The FIar-
rinan hnes are In the market for 2300 of
standard section steel rails delivery next wear
The demand for rails continues brisk for this sea-
son or the year While no large single orders are
being received the orders In the aggregate are large
1t Is estimated that, including the rails that were
purchased for delivery this year but cannot ba
shipped until 1907. the steel rail companies have
booked almost 20 per cent of their capacity for
next year
EXPORTS OF COTToN.-For the months of Sep
tember and October 1906. 1850 3OS bales of cotton
valued at Ss1. 1885, exported. The average
price or export was 1O.4c a pound. compared with
l03c for 1905, when the total value was G9 $50 164
For the month of October the greater portion Of this
years cotton exported at the average price
of 107c pound. For Octoer 1866 the average
price for export was 1O2c pound showing a gain
of l2c pound against last year
SOUTHERN IRON PRODUCTION IN DECEM-
BER.-SOuthern advices appear to Indicate q
smaller production Of pig iron in Alabama in De-
cember than in any month in 1906 The Sheffield
Coal and Iron Company has banked one of its
furnaces with an annual capcity of 10000 tons.
and rha Tom, o.,
has blown out two of its stacks with total annual
capacity of about 10000 tons 1t is said thatthese
furnaces are idle owing to the inability 81 the
railroads TO furnish cars for handling the neces-
sary raw materials Other furnaces. it is reported
may also be compelled TO shut down in the near
future unless the shortage is relieved
MONTCLAIR TRUST COMPANY-The board Of
directors or the MontclaE Trust Company have
voted TO return to its stockholders of record on
December 81, 1906 the $50 a share which was origt
naliy paid In as surplus. tae earnings of the COM
pany having reached 100000. After this dividend
of so por cent is distributed IT will leave s1oo an
of surplus. The capital is also 100000 The Mont
clair Trust Company began business In Nav re01
Its deposits are now s35O0OOO
MISSOURI. KANSAS & TEXASs-Missouri Kan
sas q Texas earnings in October. figures of which
nave peeh received, show large increase in gross
and net and surplus after charges of ssSo525
compared with a surplus in the same month last
year of S15,135. For the first four months of t3s
hscal year gross earnings $3.50 49S against
S.36O,7SS in the corresponding period in 1905 The
surplus for the four months 81 5O6 49, compared
with $7OS.2a0 last year.
DIVIDENDS DECLARED-The Northern Sc
curities Company has declared a dividend of 5 per
cent on the reduced capital stock payable January
The American Wooden Company has declared
the regular quarterly dividend of IL. per cent on
the preferred stock. payable January 15 The
Texas Central Railroad has declared the regular
sem-annual dividend of 21a per cent on the nre
ierred stock. payable January Is. The American
cement Company has declared the regular semi
annual dividend of per and an extra dividana
of per cent.
STANDARD GAS COMPANY PASSES .rr,yr
DEND-The Standard Gas Light Company which
is controlled by the Consolidated Gas COMPANY
has passed the seni-annual dividend on the conn
mon stock Six months ago the semi annual divi-
dend was cut from per cent to IA per cent The
regular semi-annual dividend of per cent ON tba
preferred stock has been declared
COPPER SHIPMENTS.-Accord,ns 20 ..,
dispatch from London, agents of the United Nat,,.
seiing Company at that point have announces, that
ie January shipments OF copper will be extremeIv
hsh owing TO the scarcity the ayailab bIs .rnn,,
and to the floods In Arizona which have seriously
districts of that state
PIG IRON CERTIFTCATES-P,g Two, o.r.,e
Gates at the New York Produce Exchange to-d,v
"e'e steauy Tor regular and slightly easier for |
s iouhury- There We're sales Prices |
~. iesula' loHow: Cash and December SO bid |
go ~-o'd,ViS Oh new standard foundry follow: Janu-
ary FEBRUARY and March. s22 5oases
SCARCITY OF SMALL, NOTES rbara 10 .,,,,
scarcity OK small notes I'm the federal treasury |
ulat II is now paying out gold sl0 and e. |
pieces and sub-treasuries throurhout the co,rtrv
uoins the same thing. Some relief IS expected |
'ei 'he christmas holidays but ut present the |
- soreiy taxed to supply small currency. |