New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-09-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt on
both sides OF the market buying 1000 shares OF
Canadian Pacifc and Baltimore & Ohio. while SELL
ing Southern Pacific and Norfolk & Western. Lon
dcn's sales OF Southern Pacific we-e estimated at
IS 90 shares In London ccnsoIs were hrrner. also
the Russian IS. The general uarke. was inactive
and fairly firm. The Bank OF England made no
change in It's minimum rate OF discount notwirh-
standing a poor weekly return. the proportion OF
reserve TO liability dropping from II Per cent 20 q
per cent
CONEY ISLAND & BRoOKLYN-From The IN
come account OF the Coney Island & Brooklyn
Railroad for the year ended June 30 1875 II seen
that the company was able 70 show small sur
plus for the year only after cutting It's dividends
In the year the company paid per cent dividends
on its 100000 outstanding stock In the praced-
ing year the rate paid was u per cent ana IN
each Of the two preceding years the rate paid was
70 per cent As result OF the dividend PAYMENTS
there was deficit IN both 1875 ana 1aa4 Tba ,r
come account for the last year shows onIv small
changes IN earnings. operating expenses and
charges. The gross earnings increased S75S or
SO per cent The increase IN total income was
S-olSI, or 80 per cent The surplus for the year
after dividends S.4s5 against deacit OF y11s-
w tne preceding year, and a deficit OF 81 SCI Sor
the year ended June 80. 1904
NEW CURB STOCK--The Old Hundred Mining
stock which has 1ust been placed on the curb
represents company which IS a consolidation %
severa- heavy producers. and owns and controls
about thirty patented mining claims in the san
Juan district Of Colorado The president OF The
company is Howell Kinds OF Cleveland Tia
pants o. tne company are now handling 80 tons
OF ore day. but It IS expected that the facilities
will shortly be increased go as 70 permit 5oo +or
20 &c handed daily. The officers Of the COMPANY
assert that here already IN sight ore reserves
exceeding in value the total capitalization or N.
company.
AK Sf1OttFAGE--The real explanation OF th-
moderate movement OF spring wheat 70 market "a
FOUND In the freight situation One OF the lead
Ing line elevator companies operating from Mime
apolis reports that thus far this year IL has re-
ceiVed 20 per cent more wheat and shipped 80 per
cent less than last year. owing 70 the scarcity O.
cars. Other companies are similarly situated and
with elevators filing I'd. the continuance OF car
shortage is apt TO suspend operations until relief
is found in this direction
CARNEGIE STEEL CONTPANY-The Carnegie
Steel Company has the largest single group -
open hearth furnaces in one plant in the world
The last OF ten furnaces was completed few DAYS
ago. and all were started at once The furnaces
have capacity Of fifty tons Of steel a heat. The
company has in operation sixty furnaces with a
capacity of about six thousand tons OF open hearth
steel every twenty-four hours.
LOUISIANA & ARKANSAS RAILWAY-The
Louisiana & Arkansas Railway IS establishing a
sinking fund for the redemption OF its So $40 600
first mortgage bonds The Of $4,000 year
Will be set aside. beginning September l. 1907 from
which date the whole issue may be redeemed en-
tirely at 10 and interest.
HOOKING VALLEY-KANAWTIA & MICHIGAN
The time for 6epositing stock OF the Hooking
Valley and Of the Kanawha < Michigan railway
companies with J. P Morgan & Co. under the plan
for the consolidation OF the two corporations az
pires on SATURDAY.. September %
PIG IRON CERTIFICATES-Pig iron certfA
Gates at the New York Produce Exchange
dull but steady There were no sales
Prices for regular follow: Cash. SIS bid: September
October and November. S1sdS1S 70; December s1S7
SIS 95 January, February and March $40 asked
Quotations for standard foundry follow: Septern-
Der, October. November and December. SO bid;
February and March. S19 % asked.
NORFOLK & Observation-Disclosures OF +ba
Norfolk & Western for September will prove Ax- |
oeptionay big. and will show an increase in gross
over last year OF between 100000 and s2OOON
NEW YORK. SUSQUEHANNA & WESTFPC
At meeting OF the board OF directors OF rba /
New York, SuSquehanna & Western all tbA /
former officers reelected.
PACIFIC COAST-PacidC Coast stock 70 agai,
being picked up by operators close 10 the t,,a-
ests identified with the company. IL was said YES
terday that something OF Importance might soon
be announced regarding Hartman develonn,e,rs
affecting the Pacific Coast company
LACKAWANNA DIVIDEND UNCHANGED
Directors OF the Delaware Lackawanna & Vest
ern have declared the regular quarterly dtv,dan1
OF Pc per cent. payable on October %