New-York tribune., 1906-06-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
80 900 shares in the local market, selling 10000 In
London consOls were weak and the general market
was depressed Discount rates We're steady the
banks charging per cent on Stock Exchange loans.
The contango American stocks was 4is per cent.
Further sales OF securities by fire insurance COM
panies In London TO meet San Francisco losses
continued depress the stock market at that CEN
tire. New York a heavy seller of American
stocks In London. Continental markets were weak
and lower.
PROSPECT OF GOLD IMPORTS.-The further
weakness which developed In the foreign exchange
market yesterday (demand sterling at one time
selling 4S4s5. the lowest level reached since the
last gold import movement ceased was aCcompa-
MED by active discussion In banking circles OF
the possibility Of securing additional gold supplies
from Europe In the near future Some bankers. In
fact. went far to sound the London market.
with a view OF engaging gOld. just at the present
time. however. the supplies in the open market at
that centre not sufficient to enable our bankers
to purchase any large amount, although consign-
ments OF several million dollars are expected TO
rive in London the latter part of this week early
next week Some international bankers stated yes
terday that they would be able to import gold from
London at the current rate for exchange with bar
gold there at It's. 9hd. the quotation now prevail
ing. Others. however maintain that negotiations on
this basis could not be carried out with any profit
unless the Treasury Department resumed its policy
Of advancing funds TO the importing bankers pend
ing the arrival Of gold engaged
DIVIDENDS DECLARED.-The directors OF the
Bank Of Manhattan Company have declared semi
annual dividend OF per cent, payable July to
stockholders OF record June % The trustees OF the
Metropolitan Savings Bank have declared the 106th
dividend at the Of 31a per year. payable
July IS all deposits entitled thereto ranging
from SIS TO $1,000 The International Button Hole
Machine Company has declared quarterly dlvi
dend OF l per cent. payable July Is 70 stock of
ord July g. The Standard Safe Deposit Company
has declared dividend of per cent. payable June
80. The directors OF the Fourth National Bank
have declared the regular semi-ennual dividend of
3I5 per cent. payable July 2. The directors OF the
Second National Bank have declared the regular
semi-annual dividend Of per cent payable July
to stockholders of record The directors OF the
Nineteenth Ward Bank have declared the regular
quarterly dividend of 2s per cent payable June So
ANACONDA DIVIDEND INCREASED.-The
directors of the Anaconda Copper Company have
declared a dividend of 81 S71a share. This Is an
increase of % cents from the last preceding dlvi-
dend payment. This dividend Is equal TO 5ls per
for the quarter, at the rate of 22 per
year The company has paid In dividends in the
six years follows: In 1900. Sc Is: In 1901 l3
per cent: in 1902 81 in 1so3 per cent; In 1904 81:
IN 1906 81 and thus far IN 1904 50 STA the dividend OF
S711 declared last December having been paid
this year. After early decline, and following the
dividend announcement, Anaconda shares advanced
rapidly ending the day at net gain OF liz points.
quoted on the Stock Exchange. AS the par
value OF the stock is only SIS. the actual gain was
less than points
THE COPPER sITUATION-Prices have held
up TO a strong level. and for some time past have
been quoted at 1si2c TO 1SNc for eectrolytIc wire
bars and 1880 TO 1850 for first class lake brands
The Inside figures are. however. for the distant
months. PROMPT deliveries of electrolytic where
obtainable. are quoted at lsAc to lsTsc and sales
OF lake reported lately as high as isc. Recent
sales IN large volume have been made. and the
OF the domestic buying indicates the continued
good trade In the Eastern and Western states. The
wire drawing business is particularly good and In
fact all copper working establishments rushed