New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-09-15
WALL STREET AND EXCHANGES.

FOREIGN Foreign houses dedic IN
1900 shares In the local market. all sales In Lon
don consoIs were strong while the general market
presented q much bettsr tone than recorded on the
preceding day. With tbs settlement out OF the way
London exhibited less nervous view OF the mon
etary situation. despite the fact that discounts were
frmer. In Paris and Berlin money also was higher.
The advance IN exchange IN New York has created
better feeling IN Tendon. the belief being that tho
urgent demand for gold from the United States Is
GOLD FROM SOUTH AMERICA-Deposits OF
bonds 20 the amount OF S.775.oo 70 secure special
United States deposits against gold engagements
were made az the Sub-Treasury yesterday BY the
National City Bank The larger part OF the amount
engaged by the City Bank was secured IN South
America. while tho baIancs was taken IN Australia
and London. Total engagements the current
movement are more than Ss.OooOoo Further strength
IN the local foreign exchange market and higher
discounts IN London practically remove for the m
mediate present the possibility OF additional heavy
gold import negotiations for American account IN
London. Rumors that tho Bank OF France had
agreed to permit the export OF IS 100000 IN gold for
the relief OF the New York market were followed
by the following sem-ofical statement in behalf OF
the bank:
These runors are false. The Bank OF Francs has
10 leave for that destination II Is possible, how
ever that the Bank OF France owing % t me sT.
OF Egyptian requirements oeeeIaing pIessI. MI
necessitate rise In exchange on London to go
LOUISVILLE & NAsHvILLsE-The possibilities
IN regard TO the next Louisvills q Nashville divi-
dend are being actively discussed In Wall Street.
and the rumor has been revived that there VII De
an increase IN the next semi-annual rate from TO
s1s per cent placing the stock on per cent basis.
ORDERS FOR STEEL RA1LS.-Orders FOR new
rails by railroads throughout the country are heavy
the most recent contracts being for 5000 tons by
the Atlantic Coast Line and 1900 tons by the South
& West the latter being a new road
DIVIDENDS DECLAREp.-The directors OF the
United States Smelling. Mining and Refining Com
pany have declared the regular quarterly dividend
OF s7ts cents on the preferred stock payable Octo-
ber15 The directors OF the Van NOrden Trust COM
pany have declared the regular quarterly dividend
OF per cent payabIs September % The directors Of
the Nineteenth Ward Bank have declared the reg1-
lar quarterly dividend OF 2s per cent. payable Sep
tember % The directors OF the Cumberland Tele-
phone Company have declared the regular quarterly
dividend OF n. per cent. payable October The d.
rectors OF the Pittsburg Plate Glass Company have
declared the regular quarterly dividend OF Ia per
cent, payable October
BANKS GAIN CASII.-Accordins 70 the known
movement Of money IN the week the local banks
have gained S14sso7oo IN cash holdings this amount
being derived entirely from government deposits
against gold engaged abroad The banks received
from the interior $685. go and sent to the Interior
se2os7OO On new gold the banks gained s. .5Oo
and sl7z15 500 on government deposits. Deducttng
the loss to the interior OF S14s0o and the loss
sub-Treasury operations proper OF 800. leaves
the net gain as stated above.
SALES OF PIG IRON-Sales OF pig IRON IN the
local market this week aggregate about $500 tons
chiefly for delivery IN the first half Of next year.
GRAIN EXPORTS FOR THB wEEK-"Brad-
streets reports the exports OF grain for the week
with comparisons. figures In bushels. IA follows.
Wheat, -four included. AsSS2S against Aes0S3 last
week 1s34o4 IN this week last year. ass sS4 IN 1904
and 3s4O57. IN 1901: for the last eleven weeks sOS5
s45 compared with u7sS7 in 1895. 1T IN 1894
and So 656 753 IN 1901: corn eS53S contrasted with
22s17s last week. LESBOS IN this week a year ago
and 4s15s in 1904: for the fiscal year 20 date. T+42
SS7 compared with r.SSs.5is IN 1875 and S17s.2O in
1874.
PIG IRON CERTIFICATES-Pfg iron certificates
at the New York Produce exchanges were dull and
barely steady There were sales Prices for
regular were: Cash and September. Hs0Ns Is; Oc-
tober, SIS 70 asked: November. SS S. asked: De-
cemper. Gs 90 asked. February and March, so
asked. Prices for standard foundry were: Sep
tember. t19 25Qsao Is.
APPLICATION TO LIsT-Application has been
made 20 the New York Stock Exchange TO list an
additional S5aoO0o preferred stock and 550oO0 ad-
dtionai preferred stock OF the international Steam
Pump Company.