New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-08-09
Nj IN ING.
WALL STREET AND EXCHANGES.

FOREIGN TFADING.-Foreign houses dealt in
I5.co0 shares in the local market. buying on bal
ance In London consols made n further gain,
while foreign bonds a rule were frrner. The
general European markets were without important
features Discount rates abroad moved within
narrow fluctuations. The money market in Lon
don Is easy. and is likely 20 remain so, retiec-
ton Of which is presented in the decline in the
price OF bar gold. which indicates that the Bank
OF England is we'll supplied with the metal
IRON PRICES FTRM-Producers Of iron believe
that before many days have elapsed an advance OF
80 cents a ton in No. foundry iron will be agreed
upon. This will place iron on S4 80 basis, Biz
mingham. There are large inquiries for iron de-
livery in the first half Of 1897 and many sales
that will carry deliveries over into next year
have been made The furnaces OF the North. as
well as OF the South. have more business on their
books than in years past
BAR GOLD LOWER IN LONDON.-In London
there decline yesterday in the price OF bar
gold Of sd This is equivalent 20 a decline Of
about 20 points in our sterling rates IN figuring
gold imports. The market is still too high 20 make
gold imports possible. despite the lower price OF
gold and discounts in London.
GULF AND SHIP ISLAND RAILROAD
Growth OF business IN the South as result OF the
prosperity of cotton planters Is illustrated by the
increase Of business the Gulf and Ship Island
Railroad. the line having handled 5sS1 loaded cars
in June Of this year. against 5.1I4 in 1906 The in
crease is due to heavy buying by the planters.
PIG IRON CERTIFICATES iron certificates
at the New York Produce Exchange were dull with
prices about unchanged. There were no sales.
Quotations for regular follow: Cash. SIS 90 bid
August, SIC 9GST7 %; September. $76$17 IS October
s17 bid; November. SIG eOGS17 %. Quotations for
standard were: August sl7 5Oa$1s: September 81 80
QSl7s 80; October 81 6O0$17 so; November, ST 5OG
81 %; December s17 409a7 CO.
APPLICATION TO LIST-ApplicatiOn has been
made TO the New York Stock Exchange to list an
additional $4,000 OF general first mortgage per
cent bonds Of the United Railways Company, Of ST.
Louis and additional $4.5S7.GO0 Of common stock
Of the Atlantic Coast Line Railroad.
QUINCY MINING STOCK INCREASED-The
capital stock of the Quincy Mining Company has
been increased from $2.5O0Ooo to $4,000 for the
purpose OF providing funds extensions and addi
tons The directors OF the company have declared
the quarterly dividend Of 50 20 a share.
MAY IMPORT PIG IRON.-In some quarters OF
the ton trade it IS thought that II the demand con-
tinues at the present rate it will be necessary TO
import pig iron The market is practically all sold
up and only small lots available.
COAL SHIPMENTS IN JCLY-The shipments OF
against 45s74S in July last year. for the year
TO date the shipments aggregate 1885, 249 TONS con-
trasted with s5,263,740 tons in the corresponding
time last year.
INITIAL DIVIDEND DECLARED-The direct
ors Of the Quaker Oats Company have declared an
initial dividend Of IL per cent the common
stock and extra dividend of y of per cent.
GOLD FROM SAN FRANCISCO-The govern
has transferred for San Francisco account
S250OOO gold to New York.