New-York tribune., 1906-06-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were not
active factors in the local market dealing in less
than 15,0oO shares. most of which sales. In
London the general market fairly firm AS
Tuesday next is the beginning of the fortnighty
settlement, there is not much disposition In Lon
don 10 take any new position. Money is working
easier there, and should continue do so, set
tlement requirements likely to be ex
tensive. Most of the bull account which was be-
ing carried in London for New York less than
month ago has now been transferred to this side.
PHILADELPHIA COMPANY To INCREASE
STOCK-The Philadelphia Company is issue
additional 100000 OF common stock The pro-
ceeds from the sale of the security 10 be used
i'm paying for the stock of the Beaver Valley Trac-
tion Company and the Washington & CannonsbUrg
Railway Company. both Of which purchased
last year, and for the purpose OF making improve
ments and extensions. The directors have called
a special meeting of the stockholders. to be held
in the Offices of the company on August Il. when
action on the proposition will be taken II is an
nounced that the issue will consist of 10000 shares
of par value of $50.
MOVEMENT OF MONEY.-Reported movements
OF currency this week Indicate loss in cash held
by the banks of $f293oo. Payments Of $5.S24oo0 to
the banks by the Sub-Treasury against teegraphic
transfers from San Francisco were offset by in
ternaI revenue collections. payments into the 3
per cent redemption fund, etc The total received
by the banks from the interior. exclusive of San
Francisco. was S7sS4.N0 while shipments to the
interior were S741.OOo Receipts Of new gold were
s., l,4S9 coo
COLORADO ROADS EARNINGS-The large
earnings that the Denver & Rio Grande and the
Colorado & Southern companies reporting are
understood to be due largely to the increasing
put of the Colorado Fuel and Iron Company There
is renewed discussion in the Street OF the dividend
possibilities of Denver & Rio Grande common and
Colorado & Southern common.
COTTON CROP INDICATIONS. C. Dun &
Co. say that dispatches from the cotton belt in
dicate that the outlook is bright for a large yield
in the balance Of the season. Estimates Of acre
age range from to 10 per cent above last years
figures. upon which may be predicted an area of
approximately 10000 600 acres planted in cotton
DES MONIES & FORT DODGE.-At the an
nual and special meeting of the Des Moines &
Fort Dodge on Thursday the stockholders author
ized increase in the capital stock OF S. 900.
also issue Of 100000 second mortgage bonds.
UNITED STATES STEEL.-A representative of
the United States Steel Corporation says that the
reports that there has been heavy falling off in
the untitled of the United States Steel Cor
poration is untrue The untitled business is close
1000 600 tons.
MISSOURI CROP CONDITIONS.-The state crop
report for June makes winter wheat condition II
against 81 last month and 81 last year. Corn con-
dition 20. against So last year. and oats 60.
against "A last month and 81 last year
APPLICATION TO LIST.-AppIcation has been
made to the New York Stock Exchange to list
S14.0o0000 convertible per cent 1O-year debenture
and additional S1.OOo,OO0 stock of the Diamond
Match Company.
PIG IRON CERT1FICATES-Pig iron certif-
Gates at the New York Produce Exchange opened
featureless. with prices steady There were no
sales.