New-York tribune., 1906-07-18
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
$1,000 shares in the local market buying on bal
ance. In London the general market was irregular.
but consols showed fair strength Money was easy
abroad and cable dispatches indicated relative
ease for some time to come despite the demand for
gold Further engagements for American account
are expected in the future.
BALTIMORE & OHIOS FISCAL YEAR EARN
INGS.-For the twelve months ended June 30, as
cOpaFed with the fiscal year OF 1906 the statement
Of the Baltimore & Ohio shows gross earnings from
traffic 1906 ST. 392O56 1905. $67GS9. 997 increase.
97O2 O59 Expenses 1906 $685. 221; 1905 $44 no.,
6O4; increase. S4sO4.617 Net earnings. 1906. ST.,
s76s35; 1905, $22979 39S; increase, $4s97442- The
lines included in this statement the Baltimore
&c Ohio Railroad Company. the Baltimore & Ohio
Southwestern Railroad Company. the Ohio River
Railroad Company, the West Virginia Short Line
Railroad. the Ripley and Mill Creek Valley Rail
road, the Pittsburg & Western Railroad Company.
the Pittsburg, Painesvle & Fairport Railroad. the
Pittsburg, Cleveland & Toledo Railroad and the
Pittsburg Junction Railroad.
HIGH COST OF LIvING.-"Dun's Index Num-
ber'' of commodity prices. proportiOned to con-
sumption, was $lO5.216 July I. against $1O6Z94
month previous and S9S3l2 July 1. 1896. The
cline during June Of a little more than per cent
was about the customary midsummer tendency
representing chiefly the seasonable increase in the
supply Of products Of the soil. and there is in
dication in these comparisons OF prices that demand
has diminished or that national prosperity has in
any way received a check It is interesting to
note that prices Of meats advanced during June.
despite many predictions OF curtaied business and
the metals division did not respond to the sea
sonable reduction In activity iron furnaces and
steel mills notwithstanding small decline in
the aggregate during June there still appears
an advance Of about per cent over the level OF
prices a year ago, which probably represents as
fairly as any other record the Improvement or
conditions throughout the nation. Bank exchanges
and railway earnings tell much the same story
and these three measures may be considered far
more representative than prices Of railway Sc
curities which had declined on the opening day
OF July to almost the identical position held a
year previous.
MOVEMENT OF MONEY-The heavy gains in
cash made by the banks from the Sub-Treasury
so far this week will without doubt be 70 a con-
siderable extent offset within the next three days
by the return Of government deposits, $lO.O0OOO
Of which in all must be paid back by Friday. Up to
the present time only about I.OOOOOO has been
turned in under Secretary Shaw's call. and the
bulk Of the whole amount is not expected to be re-
turned until Friday.
The banks gained on Monday from the Sub
Treasury SS71.OOO bringing their total gain since
Friday up to $4.OS5oO0. compared with a loss OF
81 S9sOoO in the corresponding interval last week.
The Sub-Treasury was debtor at the Clearing
House yesterday to the extent Of S.4S5.76S-
AMERICAN CHICLE'S YEAR.-At the annual
meeting Of the stockholders OF the American
Chicle Company held yesterday, the retiring board
Of directors was reelected. with the exception or
W. D. White who resigned in order TO give more
time to his other interests. Mr.. White was sue
ceeded by ]. c. Parrish The profits for the year
were 10000 an increase OF $4,000 over last year.
After paying dividends Of per cent on the pre-
ferred amounting to $lsOOOO and 1S per cent On
the common stock, amounting to $3.50 COO, the sur
plus for the year $4,000.
800" DIVIDEND PROSPECTs-It Is expected