New-York tribune., 1906-10-16
WALL, STREET AND EXCHANGES.

FOREIGN TRADING-ForeiEn houses dealt In
1900 shares in the local market. buying 1oUo IN
London the general market was quiet, with conslo-
erable strength in the copper shares Foreign dis
count rates were firm, and the strength IN money
naturally tended 10 check operations IN securlues
EXPORTS OF DOMESTIC PRODUCTS.-In the
month of September exports Of domestic products
including breadstuffs. cattle cotton and mineral
oi1s oounted in value to s67 s2661, compared with
sss gu s77 in the corresponding month last year. Inc
total for the nine months ended SEPTEMBER %
amounted IN value to so74174.62l against SoI'soS'
IN the same time in 1906. Exports or oreaastu1s IN
septeuber showed an increase IN value OF more
than s. 600 900 over September. 1895. while exports OF
cotton amounted to s252s4SS against SaSOoS'O0o IN
the same month year ago. The total exports o.
domestic products since January are larger tnan
IN anv corresponding period. with the exception or
the nine months ended September 80 1SoI "hen
thew amounted in value TO s6O21 ,0So
IRON ORE-Certain iron ore companies are
asking from 50 to 70 cents ton advance over 'ile
prices for iron that have prevailed this year.
Consumers are protesting, and 1t Is oeTeVeo that
most Of the business will be done at prices about
50 cents higher than IN the current season Inc
United States Steel Corporation would Do IN
position to secure substantial pront on the nm
ore next year but 1t will not become market
factor until the Hill properties aie ' ~
development. -
MOVEMENT OF MoNEY.-The net loss OF casn
70 the interior since the crop movement oesah
amounts TO more than s45oG0Ooo which Is slightly
the hanks against gold engagements for import
The advance in the rates of discount by rorsisn
banks and the rise in exchange mere nave ehoeo
the gold importing movement for the present at
least hut II is believed that conditions at this
centre have improved TO an extent which will
enable local institutions to supply without DIM
Guilty the remaining requirements incident 10 the
movement OF the crop.
ADVANCE IN COPPER.-Lake copper ad-
vanced Hc in the price bid. at g1sc to 22hc; cleo
trolytic advanced Ac in both bid and asked prices
at 2Oa.c 21s4c. and casting advanced I4o IN 'ne
bid price, at 20%c to 2119c. Yesterdays 70 ADVANCE
IN the price Of best selected copper In London 10
f1o5 brings the metal at last to the level OF the
secretan days OF 1888. when copper attained the
high record quotation Of f105. The advance IN the
"best selected" has been steady. with the rise IN
spot and future quotations on the London Metal
Exchange. On August the best was quoted at
ISL.
COTTON MARKET CONDITIONS. A we'll
known cotton house says:
The market was almost entirely infueneed by
belt belt and this development appeared 70 strike Liv-
erpool operators with nGGh R9re dorcs h fact il
that the cotton situation has become SO nervous s
Of new disaster to the crop would, Of course have
an effect GTs % beaPy rains at this unc
ture must be considered extremely unfavorsole.
Sarftfng SGtn 70 tne with he picking There also the
daGgeg of eof cb msh invade Texas hereto
fore unaffected by weather; PernapS yes[eTaay s &
recepts TS foT the week and Discrimination Of long
operators to force prices at this time In appre-
hensiOn of a reaction
UNITED STATES STEL-Unted States Steel
sinking fund IS crossed par and touched the high
est recorded price. The days strength originated
in London where the bonds liked and have
been steadily absorbed for little time past
AS they will he 21a per cent interest on No
vernber l. they sold practically at the present
price before.
WABASH BONDS-The strength Of the Wabash
debentures was due to the belief that at the stock
holders meeting next Monday the plan TO retire
the debentures would be accepted.
PIG IRON CERTIFlCATES-Pig Iron certificates
at the New York Produce Exchange steady
and about unchanged; There was a sale OF 100
tons of standard foundry December at Sl9 70. Quo
tatons for regular follow; Cash. October. No
vember and December. SlSqSlS 75; January Febrli-
airy and March, Sl9 - asked Prices for standard
Sg 10 bid. December. $40 50dS20: January. Ss6S0;
February. $lS4SA; March, $50 30 asked.
NEW CURB STOCH-In the Wall Street mining
aTket this week trading Will begin in the sha res
of tho Consolidated Mines Development Company
whose property embraces the great gold 3
strike in the Slack Horse mining district of Ne
is organized under the laws of Arizona has a cauI-
tai Of Sl06OO0t divided into shares OF S. par vaIuN
and has acquired ffty mining claims. which take IN
practically all of the great vein.
OLD HUNDRED MINING COMPANY Comics
of the prospectus o. the Old Hundred Mining Com.
pany which represents the consolidation OF several
successful mir ing enterprises near Siverton Col
are ready, and may be obtained application 20
Thomas Nevins 81 Son, No. 50 Wall street New
ROCK ISLAND COMPANY.-At the arr,,.,
meeting of the Rock Island Company In Ierset
Gty all or the retiring directors We're reelected
The vacancy on the board caused hy the reStgns
ton several months ago of H. {, FrfcIx vvas SIaJ
BY the election OF John f Thompson vcepresi 1rtss
had been director from the time op TIE ora rtiGh