New-York tribune., 1906-08-22
WALL STREET AND EXCHANGES

FOREIGN TRADING.-FOreign houses dealt On
$1,000 shares in the local market, OF which 1000
shares represented purchases Of Erie and much
sales OF stsel common In London the general
market heavy Influenced by a further decline
in consOls. The depressing influence IN the British
market the uncertainty 90 the extent OF the
losses OF European Insurance companies In the
Valparaiso disaster. Money In better demand
and rates were hrIner Influenced 70 some extent
by the expected American demand for gold. Tho
Continental bourses closed Eteady.
DIVIDENDS DECLARED-The directors OF the
Chicago & Northwestern have declared a dividend
OF per cent the preferred stock. payable OctO-
ber l. The directors Os the Federal Mining and
Smelling Company have declared the regular quar-
terly dividends OF Is. per cent on the preferred.
and IA and 25h per cent extra on the common. The
directors Of the Republic Iron and Steel Company
have declared the regular quarterly dividend OF
1s4 per cent the preferred. and an extra dtvi-
dend Of 2 per cent 20 apply on deferred divi-
dends The directors Of the United States Leather
Company have declared the regular quarterly dfvi-
dend OF 11h per cent on the preferred stock. pay
able October /. The directors OF the Central
Leather Company have declared the regular quar-
terly dividend Of +& per cent on the preferred
stock. payable October 1.
PIG IRON CERTIFICATEs-Pig iron certif-
Gates az the New York Produce Exchange were
arm and higher. but quiet. there being no sales.
Quotations for regulars were: Cash and August,
s17 90 bid; September. H7 6O9S1s; October. so 500
SIS; November. s17 6OQS17 90; December, S7 500
II.
bid; September. SIS 259S9: October. Ss9$1s 25; No
vernber and December. sl7 s50s1s
DEMAND FOR TIME MONEY.-siucs the first
Of August money on time has been lent In Wall
Street to an amount aggregating many millions OF
dollars The inquiry is still strong az per cent
for six months on collateral consisting OF half rail-
roads and half industrials.
ANACONDA'S EARNINGS-A Boston dispatch
says that the earnings OF the Anaconda Mining
Company are so large that an increase in the
dividend at the next dividend period is assured
STOCK EXCHANGE SEATS ADVANCE-A seat
on the New York Stock Exchange was sold yester-
day at SsSO0 compared with SSG9o the price OF the
last preceding sale. The high record Tor seat Is
ss5OOO.
MONEY FOR NEW ORLEANS.-The Sub-Treas-
ury transferred yesterday for local banks $4,000
New Orleans. making $4,000 so far this week
MR. BURNHAM RECOvERING.-Charies Z.
Burnham of the firm OF Schuyler, Chadwick &
Burnham and formerly the assistant secretary OF
the New York Stock Exchange. has been seriously
Ill at his home in this city. since the middle OF last
June Mr.. Burnham's condition now. however. Is
greatly improved. and he expects to resume his
business activities within q short time.
ERIE's RISE.-The advance in Erie common was
largely on buying by Frank Savin. and was thought
20 represent the entering OF the Well following
the long side Of the market
LAKE SUPERIOR'S EARNINGS.-Earnings OF
the Lake Superior Corporation for the last fiscal
year were over s1.O0O,OOO The full per cent on
the income bonds viii be paid in October.
BANKS LOSE MONEY-The banks lost yester-
day, partly account OF payments for Panama
Canal bonds, S2S92OO0 and since Friday lost 81 22
O0O In the same time a week ago they gained
$4,000