New-York tribune., 1906-12-01
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses dealt IN
1900 shares in the local market, all purchases.
In London the general market was firm. with
further strength in Rio Tinto shares. Ths Bank
Of England made a remarkably strong showing
in Its weekly return. but the discount
mained unchanged at per cent The prices for
securities at the close at the best Of the day,
under the lead OF British consols.
FOREIGN IRON.-Rogers Brown & Co say:
The markets abroad show more excitement than
In years. While the tonnage arranged far for
American import does not amount to a great deal.
Scotch makers entirely and will reduce the Mid
dlesboro stocks materially this month and next.
this stock of Middlesboro iron, some 10000 tons
% n in the Mor VS. the on only s Tosk & OF
port movement, in 19Da-'OS America was able to
Great Britain. for supplies in the present situa-
na n tb rance nor Germany has any sur
ing heavily on the Middlesboro market AS re-
have advanced sharply in the last few days 70 the
nlshest on record for some years. and continue to
far p!ovdad o %eisoe relief to our SUPPLY oR
ons on ah he Ten at present prices ddesboro
have been fixed during the last week alone The
could be used here to advantage So that r ts -
he hoped British speculation will run prices
COPPER sALEs-Lake copper sold yesterday
representing transactions by two different pro-
ducers. The higher figure was obtained for 500 600
pounds. deliveries to be made 10000 each In the
months of December. January and February This
copper Is for export Lake copper Is being hsId IN
some quarters for % cents. and Il good opinion
that this level least Will be reached within The
next week or ten DAYS. There are a number Of
foreign inquiries now In the market for Michigan
copper.
NIPIssING DOWN-Nipfssing shares vers w.sk
6av fba
being we'll under the final figure OF the last quota
ton In Wednesdays market There were various
reports regarding the cause OF the weakness but
the chief influence in the decline evidently was
the desire OF powerful insiders to shake out an un
desirable following and incidentally to secure tn.
stock at cheaper price. There was some talk
about the charter of the company being attacked
but This was not seriously considered IN we'll IN
formed quarters. It also was reported that IN.
directors would pass the dividend at their next
meeting. And II said further that the insiders
would try to depress the stock to Is and then re-
sumo aggressive operations for higher price
ANTICIPATES CRAZY MARKET-A Boston
dispatch quotes Charles @. Gates as follows:
of the way expect to a great big market with
on a an ,s enormous scale and SuoyanGy
sell in the 7os next year. anticipate Crazy
IT that take f6sr 'qS5 tS aS so9n %" as he
mated "A material advance nee IN COPPER stocks IN
OF the metal market.
BANKS LOSE CASH-The reported rnovennen.
of currency this week indicates loss in cash held
by the banks of S5ao,9o0 Receipts from the in
terror amounted to s5.2SS5O0 while shipments were
s6,s2 800. Receipts of new gold were ss24 400 The
loss Sub-Treasury operations was sS7zTs0o
making with the total loss to the interior IS S5sOO
from which was deducted the gain by gold.
leaving the net loss as above stated
GRAIN EXPORTS FOR THE WEEK-''Frad-
streets reports the exports grain for the week
with comparisons. figures In bushels as follows;
Wheat, flour included. 42O917 against 4O25O7S last
week. 3,70669o in this week last year. 210l.773 in
1904 and 5,u747S n 1901: for the year TO date
7s.794e1, compared with 4sS7S225 in 1906. So11722o
in 1904 and 129.OS2273 in 1901: corn 1O40s7O con-
trased with 5s4.S6 last week 1S43 so4 in this week
year and S41 in 1904 for the fiscal year TO
date. 552266 against 90 4a6 sO2 1906 and II Ss7
in 1904
AND IRON.-The fiscal year Of the Tennessee Coal
and Iron Company ends in another four weeks and
the renewed strength in the company's stocks is
supposed to be due to appreciation of the COM
pany's great growth in earning power. At the
present time. IT said on good authority the
company s earning a not far from So
0oo.N0 net year The stock advanced points
yesterday.
STEEL SELLING AT A PREMIUM-An officer
of the Illinois Steel Company SAYS that while
there has been change in the Official price Of
many kinds of finished steel prices are neverthe-
less higher. Structural steel and steel plates for
example, are being sold az premiums ranging
from 81 - $S a ton. There is no reason for be-
leviug that the mills of the country will sell and
produce steel and iron IN 1897 than they have
this year.
PIG IRON CERTIFIC ATES-Pig iron certlh-
Gates at the New York Produce Exchange were
steady for regular and a shade higher for standard
foundry. There were no sales. Prices for regular
follow: Cash. November and December. $40 bid
Quotations for standard foundry follow. Janu-
airy and February. so bid; March, SCI 751$23.
EXTRA DIVIDEND DECLARED Directors OF
the Safety Car Heating and Lighting Company
have declared the regular quarterly dividend OF
per cent and an extra dividend ot per cent paya-
BILE December % The extra dividend compares
with per cent extra a year ago. Total dividends
ON the stock for the year IS per cent. as
against Il per in 1895.
UNITED BON BOARD AND PAPER-The Ill
rectors OF the United Box Board and Paper com
pahy Will. II is said. month take active steps
toward the formulation OF plan for a readius,-
Inent or the company's finances which will involve
considerable scaling down OF the cCmpany's cap
itaL
APPLICATION To LIST.-The New York. New
Haven & Hartford Railroad Company has applied
To the Stock Exchange 10 list additional IS go
go capital stock. The Pittsburg. Youngstown Il
Asat'bua Railway has applied 70 list 100000 pre-