New-York tribune., 1906-08-19
esEaoeoo of fh.se q. ..px.. !.

naJiOnal banks hold Se5.1,o.o Ot these IS !spx.
in the Treasury as security So- circulation Z
government deposits. and there sssrs % y \
reasonable doubt that they would 0e wiling =
fund them into q and continue thar pe-r--..s
the same function as az present. S:.- Colsr@
may take hand in the matter and ras zs.-
refUndins act. There Is consids-ahls sentinel.
its favor. Twelve months may bzinz asog, N
changes not now contemplated
PIG IRON CERTIFICATES t-,, ,.-s
Gates at the New York Produce Es.a-ss
steady and unchanged Following III. cas.s .r
were sales OF 100 tons Of standard foundry Oc.c.e
at SIS and Of 100 tons OF standard fouzi-y N,~-
Der at SIS Prices for regular vsrsc Casl. 3 =
August, September and October, 175o BID: Nrv.-
Der. 81 20 bid; December. sl7 DGslS ouota.1as
standard foundry follow; August. slsS sd r
tenoer SIS IO9SlS 75; October SSOGzsl1s No-,
Der. SlSdS1S IS: Doosnber N7s0GEs
THE LONDON OPTION POSITIOy-A-rs
the most Interesting problems caused b. 10 4
vance in the prices OF Union Pacific ard -'rt-s-
Pacific is the position Of the London Option .s.s
They have sold calls on something Ike Loan sa'-
OF the two stocks. mostly maturing a. "a q.
this month and the end Of September. Tha Lr--
option dealer always buys half the stock snsa
sells the call. and trades freely assirs; 4 s's
it natures. He is % some extent. thsrs.ors y
arbitrage firm was among the largest o-ysa L.
this house has sold large calls over hs-s
COTTON MOvEMENT.-Accordi % 's
Financial Chronicle" the total rscsi1ts o. c'','
for the week ended August L. 1903 were s. - "a 's
as against 1853 bales in the preceding week -
total receipts since September are I5s-SS lsa, !
s.Ss24lO for the same period OF last year ts'.s@
of 217,s72- The weather IN the week rs :.
fairly favorable. Rain has been general %; !.
precipitation has been moderats or Hgh- As p.
Rather heavy rain is reported in portions Q. No'
Carolina. South Carolina. FLORIDA. Alz'aaaA a
Texas.
PIG IRON MARKET-ROgers. EEos- T
say:
The business OF the last week n Y.S Toa Z, :
oeen characterized by a marked s4Lti1s ras,g =.
tver1eS into 1891. The volume OF oaylas a. a,
tnan az any time this year, and is eatr-e.S ~
allke In foundry. BeSsemer and base. = -ssss
FOUNDRY irons are endeavOring as ~ ,-sss = :
20 curb the market and keep Il within os.s -.s,-g
advances asked for spot shipment cte. -. -. :
iron have so far been very moderate anS ssSsa sss
quently arranged to combine pTonl2t si-1 , - =
shipments on one contract EouLlS1y .-S- --,-. !
better grades is scarce and difficult % ys ssS. :,
gu, SUyeES are glad of any opPoIJ1,yy yySE into
freely for Ions extended deliveries
BIG POOL IN steel. CONlMON.-Acc'7'1'
statements made in well informed bankins 50 l,
to-day. a very wealthy pool has Tecs.Is
formed to operate IN the common s'o'-N
United States Steel Corporation Tns go
this pool is said TO be IN the neisnoo.-- :.
SlOO.CO0OOO. Il Is understood that tfe pool -
accommodating stock from around A.
APPLICATION TO LIST-The S. b's
Mountain & Southern Railway COMPANY
piled to the New YOek Stock Exchange y -.
6SO.coO additional river and Gulf division n'''
gage per cent bonds Of 1858.
MICMAC MINE PROSPERING--Pni n = y
supervising engineer OF the Micmac Minis ~
pany. who has been az the mines since as'
has Just returned TO this city. He reports 80
company Is opening up ore az the rate o. -
month. that the new machinery and sea- ..
ed Tor earlier In the wear Is beirE rapidly -.
and that the company Is fast getting INTO '~ !
take out one hundred tons % ore daily ~ -
company now has two and One-half miles .
ground workings opened uP. which show =
throughout
CANADIAN PACIFIC'S BIG EARN -
Earnings of the Canadian Pacific for tns x
week In August showed the larse Increase J. \
600. making from July I an increase Oi p, p j
comparison being made with the same ps'
year,
RANK CLEARINGs The total bank e'''
OF the United States for the week ended Aass'
one day estimated. were s275a.eoasg. as anr ~,
5'S.sstsl2 IN the precediHg week. and s-'
last year.