New-York tribune., 1906-08-21
MINING.
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-FOreign houses were ac-
tive in the local market buying upward Of 5000
shares balance. In London the American de-
partment mOnopolized attention. showing strength
and a large volume Of business The general mar
ket firm Discounts were easy. On the Con-
tinentaI bourses prices were firm
TINE MONEY AND GOLD IMPORTs.-The ad-
in time money yesterday and weakness in
foreign exchange attracted the attention OF the
financial community TO the prospects of gold i'm
ports. Some Of the highest authorities the In
ternatOnal money markets declared that the United
States would be able secure all the gold IT may
need. and they believed that the event Of strn-
gency here Secretary Shaw would facilitate gold
imports by depOsiting with importing concerns an
amount Of gold equal To that engaged abroad. pend
ing the arrival of the metal II Is to be noted that
sentiment In London regarding the New York Sc
curites market has decidedly changed. partly Ow-
ing to the increase in the dividend on Union Pe-
Cifc and the declaration of the initial and long
awaited disbursement Southern Pacific Ex-
pectaton is keen that centre that the action
of Mr.. Hartman may lead to increased dividends
ON number of stocks that enjoy International
market. as. for instance, Atchison. Norfolk &
Western. Chesapeake & Ohio Illinois Central
Louisville Nashville and other properties. Lon
don was a heavy buyer OF stocks In this market
yesterday and continuation OF such buying would
obviously exert decided influence. together with
the expected export outflow of our food products
manufactured articles, cotton and other staples in
the direction of gold imports
ATCHISON'S DIVIDEND PROSPECTS-In con-
nection with the advance In Atchison common yes
terday, the stock having sold 1O5 In comparison
with ss7s on Saturday and IS on Friday it is cur
rently rumored that the next dividend will be at
the rate of per cent year. For some little time
before the increase of per in the dividend Of
the Union Pacific common stock, il taken for
granted in we'll Informed circles. in fact there was
practically official information for the statement
that the dividend payable December I next on
Atchison common would be at the rate OF per
cent, instead Of per cent year. IL also posi-
lively stated then that action would not be taken
until the usual time. namely. the first Wednesday
in october, The declaration OF the Union Pacific
dividend has changed the situation in very many
respects. IL is now rumored that the action on the
Atchison dividend will be taken at the September
meeting of the board. which regularly would be
held on the fifth of that month.
PIG IRON CERTIFICATES.-Pig iron certificates
at the New York Produce Exchange were gener-
ally steady There were transactions. Prices
for regular follow: Cash. sl7 30 bid; August Sen
tember. October and November sl7 5OdS1s: Decern-
Der, S17 40s17 60 Quotations for standard foundry
follow: August. SIS % bid; September SIS 1OGS9:
October $lSgslS 90 November and December 81 %
ass
MOVEMENT OF MONEY.-The local sub-Treas
ury transferred yesterday s1OO9eO to New Orleans
and about 3eO0.O0O paid account OF Panama
bonds The banks lost on Saturday S4S9OOO and
since Friday lost s29O.0o0 In the time a week
they gained s227.O9O The Sub-'Treasurv had a
credit at the Clearing House yesterday OF s2l1194
UNITED STATES STEEIA-The untitled orders
on the books of the United States Steel Corpora
ton are now between 100000 and 100000 tons the
largest tonnage reported at any time in the history
OF the concern. with the exception of the month o.
December 1906. Considering the season of the year
untitled business is unusually large
PANAMA BONDS.-Fisk Robinson say that the
last of the S2LO00OOO per cent Panama bonds pur-
chased by them have been disposed OF To national
banks at the price Of lOi.4O and accrued interest
DIVIDEND DECLARED. lard q TaVIor hoy.
declared the regular semi-annual dividend of per
cent on the preferred stock, payable September l.
PACIFIC COAST DIVIDEND.-It is understood
that the dividend on the Pacific Coast CompaRv's
common stock will be increased in the fall to
either or per
COPPER PRICES HIGHER.-COpper prices ad-
vanced yesterday lsc making Lake 1Saac. electro
lytic lsi2c and casting 1Sisc.