New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-08-25
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses Dousht
10000 shares in the local market. chiefly United
States Steel, Southern Pacific and Erie In London
consols were firm while the general market was
strong Discounts steady in all the foreign
capitals
AN OPINION ON BoNDs.-Henry s Redmond
Of Redmond g. Co. says:
Prices for nearly all railroad stocks have risen
greatly while bonds have been declining until now
the Yield bonds Is often greater than that OF the
a strong demand will shortly occur for very high
grade sonds when the United States a per cent
D DeagS g oo Of them are held By pTivaie in
g saD selling S mot at pTsum H eReh9 for
their old per cent bonds. This Of course, Will
the market for investment in securities replace
the maturing government bond This refundlng VIII
large part q the 100000 United states per
cent bonds now held BY individuals viii. when re-
national banks and give basis for new circulation
and new government deposits
CANADIAN PACIFTC-Sir William Van Horne.
chairman Of the Board OF Directors of the Canadian
Pacific Railway. declared yesterday that James ].
Hills plan Of building lines into Canada is so I'M
wise that Il must be- cover 20 some other project
II IL Is carried out he says, the Canadian Pacific
will build two miles OF road in Hill territory 20
every one that Hill builds in Canadian Pacific terri
tory. When told OF these statements Mr.. Hill
declared that the Great Northern would surely
build the projected lines in Canada, but refused to
enter into discussion Of the matter.
800" LINE PROSPECTS-In Minneapolis
financial circles the principal interest is in 800
and the question OF increased dividend in Sep
ternber- II is thought that an increase will be
made, and the per cent on the common will be
raised TO 8 per cent So far as earnings are con-
cerned. there is everything TO encourage the be-
lief Of an increase for the crops along the 800
line are heavy. and will be moving. while
westbound business holds UP, and is likely 70 in
crease.
MOVEMENT OF MONEY.-The reported move
ments of currency this week indicate loss in cash
by the banks Of s7esoSo The banks received from
the interior S55l1Oo0 and shipped TO the interior
70 h000. due in great part 20 the final payment
new gold Of s.. $500
PIG IRON CERTIFICATES.-Pig iron certih-
Gates at the New York Produce Exchange were
easier for regular, but firm for standard foundry.
There sales. Prices for regular follow:
Cash and August 81 bid: September and October
a7 q bid. Prices for standard foundry were;
August and September. SIS 80 bid October SIS 100
SIS co. November and December s17 sOaSs
DIVIDEND DECLARED.-The directors OF the
American Chicls Company have declared the reg
ular monthly dividend Of per cent on the common
stock and extra dividend of per cent. both
payable September 20.
MONEY FROM SAN FRANCISCO-The Sub
Treasury paid TO local banks yesterday $4,000 on
telegraphic transfer from San Francisco
PHILIPPINE BONDS SOLD.-Fisk & Robinson
announced yesterday that the 100000 Philippine
per cent one-year certificates awarded that firm
Thursday on it's bid OF 1O2 q have all been sold
APPLICATION TO LIST-The Chicago Burling-
ton & Quincy Railroad Company has applied TO the
New York Stock Exchange TO list SS.s42Ooo addi-
tonal IllipOis division per cent bonds OF 1919