New-York tribune., 1906-06-07
WALL STREET AND EXCHANGES.

FOREIGN TRADINGL-Foreign houses dealt in
$4,000 shares in the local market. selling balance
In London the general market was steady with
fair strength In the copper shares. Money
comfortably easy abroad. and is likely TO remain
So although there is not much talk at present of
a reduction in the Bank of England rate. Some
change appears likely In the early future however
gold continues to come to London in quantity
and goes to the Bank Of England at the lowest
possible rate. There is fair inquiry for options
on American stocks in London. but not much posi-
tiOn there for New York
DIVIDENDS DECLARED.-The Pittsburg Fort
Wayne & Chicago has declared a quarterly divi-
dend of IS per cent on the common stock. payable
July g. and a quarterly dividend Of ia per cent on
the special stock. The American Can Company
has declared the regular quarterly dividend it's
preferred stock. payable July .. The Railroads
Securities Company of Illinois has declared the
semi-annual interest of per cent on the stock
interest certificates. Series A The New York
Lackawanna & Western Railroad has declared a
regular quarterly dividend of Ia per cent The
Morris & Essex Railroad has declared the regular
semi-annual dividend of 31a per cent payable July
. The American Smelling and Refining Ccnpanv
has declared the regular quarterly dividends of
ia per cent on the preferred and 1% per cent on
the common. The Atchison. Topeka & Santa Fe
has declared the regular sem-annual dividend Of
212 per cent on the preferred stock. The General
Electric Company has declared the regular quar-
terly dividend of per cent on the common stock
The directors Of the American Snuff Company have
declared the regular quarterly dividends OF 2I5
per cent the common stock and III on the pre-
ferred. payable July .
FOREIGN STEEL SITUATION.-word has been
received from London that the majority of steel
consumers are in the market for the purpose
of covering their requirements for the last half of
the year Last month the disposition OF British
consumers was to hold off their purchases until
after July l. They seem confident that there
will he no reaction of consequence in the steel in
dustry this wear. and this accounts for their ap-
pearance in the market
MACKAY COMPANIES COMMON DIVIDEND
INCREASED-At q meeting of the board of d.
rectors of the Mackay Companies l per cent for
the quarter was declared on the common stock IL
was announced that the common is on a
per cent basis. The last preceding dividend on the
common was I per cent semi-annuaL The regu-
lar quarterly dividend OF ! per cent the pre-
ferred also declared. Both dividends pay
able July 3
CANADIAN CROPS.-B W. Snow SAYS that Ca
madam crop conditions never more perfect
than at the present time. The increase in the
tire Canadian wheat acreage is 10 per cent
To INCREASE CAPITAL STOCK.-The Quincy
Mining Company purposes TO increase it's capital
stock will be kept in the company's treasury until
such time it's shall become necessary. AT
the meeting OF the company yesterday directors and
officers were reelected.
PIG IRON CERTIFICATES.-Pig iron certificates
at the Produce Exchange opened steady, but with
out transactions. on the second cali prices were a
shade lower to shade higher for regular grade
and practically unchanged for standard foundry
There were sales.
MONEY FROM SAN FRANCISCO.-The Sub
Treasury paid 10 banks s2OoOO telegraphlc trans