New-York tribune., 1906-10-20
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were
heavy sellers in the local market sales being esti-
mated at upward Of 10000 shares The heaviest
dealings in Union Pacific, United States Steel
and Pennsylvania. but the movement covered the
entire international list In London all securities
were heavy copsols declining to a price within a
fraction OF the lowest recorded since the Boer
The bank rate advance was. OF course. the chief
influence in the decline in securities. Open market
discount rates disorganzed.
MARKET GOSSIP-A house which does a good
deal OF business for the important members OF the
Standard OIL clique. but is often quoted In that
connection sold large amount of stock all round
Among this were 10000 Union Pacific and sub
stantial amounts of Steel and Southern Pacific
All the active commission houses not selling
Halle & Stiegtz quite substantial buyers
particularly IN Pennsylvania Steel preferred and
Union Pacific. Other houses of the same class
seemed TO be buying more than they sold although
the policy Of supporting through such houses Is
obvious.
COPPER EXPORTS-Copper sold for foreign ac-
count since June 80 is now being shipped abroad
aIthou8h not In quantities apparently sufficient FOR
European consumers wants. 1t is conseryativeIv
estimated that German. French and British manu-
facturers and those Of other leading Continental
countries require approximately Is per cent moro
copper than last year. Germany's increase IN the
use Of copper is greater than that shown by other
foreign nations, and is figured at about % per cent
BANKS LOSE CASH-In the current week ths
yesterdays
estimate. This was caused by heavy shipments TO
the interior and to Canada The total loss to the
interior was A1 800 There was loss of SOooOoo
on gold shipments to Manila and more than 81 O0-
600 by the return OF United States deposits Ship
ments to the South the largest in any week
since the crop movement began.
GRAIN EXPORTS FOR THE wEEK-"Bras
streets reports the exports of grain for the week
with comparisons, figures IN bushels. as follows:
Wheat. -four included, 4.sS1.s4. against S257ssS
last week, 2,s314S2 in this week last year 1906
462 in 1904 and 4.s52134 in 1901. For the fiscal
year to date, 52.9S476S, compared with % 705 S1e
in 1905. 2O,97234S in 1904 and $3.50 $50 in 1901
corn, 1,S19036, compared with 1902 4SO last week
776.435 in this week year ago and 7s7.S9s in 1904
For the fiscal year to date, 1.S21.s47. contrasted
with 17,36O,SS5 in 1905 and s.s45.757 in 1904.
PIG IRON CERTIFICATES-Pg iron certia-
Gates at the New York Produce Exchange vera
dull and without important changes in quotations
There were sales. Prices for regular follow:
Cash. October. November and December s1s9
SIS 75; January February and March, s1SGs1s
Quotations for standard foundry follow: October
$50 bid; November. s19 so bid; December, S1s 7561
$50 75 January, s1s so bid.
ST. LOUIS & SAN FRANCIsCO-The second
mortgage per cent series A, and c bonds of
the st. Louis & San Francisco Railway Company
(old company have been announced by the COM
pany for payment November 1 at the Office OF
Redmond & Co, No. S3 Pine street, the railroad
company having sold TO Redmond & Co a sufH
cient amount Of the refunding As for the purpose
LONDON'S GOLD SHIPMENTS TO EGYPT
Gold to the amount of s5.OOO.O00 was shipped yes
terday from London to Egypt. A cable dispatch
from London said that there were rurnors in the
London market Of financial troubles in Egypt ow-
ing TO overspecuaton.
IRON SALES.-The National Enamelling and
Stamping Company has acquired about 5000 tons OF
basic iron. There inquiries IN the market for
about 10000 tons of malleable iron The tendency
iron prices is still upward although the demand
has fallen off somewhat as result of the oversod
condition of the furnaces.
APPLICATION TO LIST.-Application has been
made the New York Stock Exchange TO list
100000 additional refunding and extension mort
gage per cent bonds of the Laclede Gas Light
Company of ST. Louis and SlO925.000 first mortgage
4 per cent bonds of 1920 of the Central Vermont
Railway Company.
CANADIAN GOVERNMENT LOAN.-The Cana
dian government loan of 500 100000 TO be foated in
London is TO be used IN part 10 pay off loan OF
So 10000 which falls due November !.