New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-08-08
MINING.
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-ForeIgn houses dealt 81
10000 shares IN the local market. all purchases In
London consols were strong while the general mar
ket including Russian bonds, improved Money
was easy. There was change OF Importance IN
Continental discounts.
COST OF LIVING.-Duns Index Number Of
commodity prices prOportioned 70 consumption was
slO2SS5 on August 1. against NO52ls month previ-
ous and SssS46 a year ago. The decline OF over
per cent In the general level OF wholesale prices
during the month Of July was entirely due TO the
favorable progress OF the crops which by the open
ing Of August gave assurance OF an enormous pro
ductiOn of the leading cereals. and these OF
great weight in determining the Index Number.
owing 70 the many bushels OF wheat. corn and oats
consumed per capita. In the breadstuffs section
alone there decrease of almost exactly 81 80
for the month whereas the total fall IN the Index
Number 81 g. Dairy and garden products also
cheapened IN cost owing 20 the seasOnably ample
supply of many articles In this class and these
two divisions accounted for the net decline IN
July. small gains In meats, miscellaneous food and
metals about balancing declines IN clothing and
the miscellaneous class. Prices at the
lowest position since last October, and show an
advance of about per cent compared with the
level year ago, which is largely due 70 higher
prices for dairy and garden products clothing
metals and miscellaneous.
THE IRON MARKET.-Rogers, Brown & Co
have received the following from their Chicago Of
flce
away market would be experienced. Tie With
S1TaWaI from the market OF many furnaces on de-
consumers realization OF the Tact that iron would
for the early part Of next year So large saea oR
been a heavy buying Of both maiIeable and foundry
iron for the first quarter and first half OF 1901.
SLOW deliveries and high prices have BEEN PAID for
on the part Of sellers to hold doWn prices especaiy
for next years deliveries. Il seems TO be well
advanced through natural causes and il IS readily
III
they cannot return TO the low point reached in pre-
viOus years.
MOVEMENT OF CoPPER-since January sx-
ports of copper from the United States have fallen
GO21792O pounds under the total OF the first seven
months OF last year, from S21 ca, 40 pounds 20
PSI, 1880 pounds. This loss in shipments Is
counted for almost the pound by smaller takings
for Chinese coinage and other purposes. there hav
ing been 605Z,SO3 pounds less copper sent 20 the
Orient since the first OF the current year than in
the same period of 1905.
CHICAGO GREAT WESTERN.-The gross earn
ings of the Chicago Great Western for July are
given the preliminary traf1c return at $4,000.
These figures likely TO be increased on rnal
auditing. but they stand. they are the largest
July earnings the company has ever had. They
are below the figures for March and for December.
but. with these exceptions they compare favOraby
with any month Of the last year.
COTTON MARKET ACKNOWLEDGEMENTS Of
cotton. Marshall Spader & Co. say that the near
future Of the market quite likely will be Influenced
by the receipts Of new cotton. which is coming In
in record proportions for the season Considering
that the crop is called late one, this must be en-
unexpected development and one which viii test
the market severely II must be recalled that good
spinning grades OF cotton from the old crop are
scarce. and the bales WILL therefore. find a
ready market at full prices. The local speculative
situation is still extremely uncertain and the dis
position yet cOnfrOnts the market
PIG IRON CERTIFICATEs.-Pig iron certiA-
Gates at the New York Produce Exchange were
barely steady for regular and steady for standard
foundry There sales Quotations for
regular follow: Cash. SIG 20 bid: August s1T bid:
September SIC 80 bid; October, s17Qs17 80; Noven-
Der, SIG 909$17 80. Quotations for standard were:
August and September, S17 5O0S17 so; October
SIT 6OQS17 80; November and December. s17 SOC
SIT 80.
GOLD IMPORTS-The sl.5OOOOO gold recently
engaged In Australia by Goldman. Sachs & Co. Is
due to arrive at San Francisco August 10. The
steamship Mexico which viii arrive from Cuba
this week. has board $4,000 American gold
coin. consigned 10 J. NJ. Ceballo. & Co.
BANK CALL ArADE.-A call has been made by
the State Banking Department upon state banks
and trust companies for reports Of conditions at
the close OF business on August 6.
NO ACTION ON GAS DIVIDEND.-The execu-
tive committee Of the Consolidated Gas Company
held a meeting yesterday. but no action was taken
the dividend question. II said that the
matter net discussed
EXTRA HOLIDAY.-A petition is being largely
signed on the Cotton Exchange for an extra hOli-
day the Saturday before Labor Day.
BOSTON & MAINE DIvIDEND.-The directors
OF the Boston & Maine have declared the regular
seni-annual dividend OF per cent payable Sem
TENDER 1.
PTrTsBURG BONDS UP-N. w. Harris 4 Co
have purchased from the city OF Pittsburg and are
Offering TO investors s.5ooco waterworks and fund
ing per cent bonds dated July !. 1905