New-York tribune., 1906-06-29
MINING.
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
Sos shares IN the local market. On the early de-
cline there were q few purchases for foreign ac-
rount but arbiIraEe houses turned sellers on the
s5rsnce. In London the general market was weak
The Bank or England made no change in its mini
nun rate q discount, while discounts in general
abroa6 were unchanged. Gold 10 the amount %
Heg 90 is due IN the London market Monday, and
IS supposed that the Bank Of England will
ru-e IT unless there should be urgent American
ssmand
DIVIDENDS DECLARED.-The directors OF the
Windsor Trust Company have declared q dividend
o. s per celt payable July % TO stockholders Of
record June IS Directors OF the Dlstillers' Sc
cu--ies Cooperation have declared the regular
quarterly dividend OF per cent the stock. pay
able July .. The directors Of the United States
Nortgaee and Trust Company have declared
dividend o. 70 per cent on the capital stock pay
able June 80 70 stockholders OF record on June es
Tn Delaware. LackaTanna & Western has declared
the regular quarterly dividend of 2ls per cent on
ne companvs stock, payable July %. Directors of
ne Tennessee Copper Company have declared
dividend Il s. p q share, payable July 2. The
United Copper directors have declared the regular
quarterly dividend OF IA per cent and cne-half of
per cent extra. payable July 81. The directors OF
the Kew York and New Jersey Telephone Company
have declared the regular quarterly dividend OF IL
PEI cent
GOLD IMPORTS DIsCUssED-A further de-
cine IN the foreign exchange market yesterday 10
4ss5ais450 for demand sterling, drop Of about
4 cent IN the pound since Wednesdays close.
gave rise 10 a rGmor that 81 4,eo0ee0 gold had been
sHgsred for import from Europe. A canvass of the
lsaElng International banking houses, however.
aGed 70 confirm the rumor Bankers said that
Fhlss exchange is low enough at the present time
70 permit OF gold imports there is none of the
precious metal available just now at London. A
consignment is due there from South Africa
Nonday. and unless there is decided change in
H. situation before then il is confidently expected
that our bankers viii be able the greater
par q the gold which is 10 arrive in London at
thar time.
LARGE SALES OF. IRON-It is estimated that
between 40ooa and 10000 tons Of foundry iron have
been sold in the Eastern markets far this week.
Prices have ranged around Sl3 50 Birmingham
representative OF large steel company says there
is no Eessemer iron 10 be purchased in the Pitts
burg district for delivery over The next four or
i've months. AIilken Brothers owners of the
stster Island steel plant in course OF con-
Ftrucrlon. have bought $500 tons OF basic. and
Other purchases by the same company are pending
Purchases Of iron are being made in anticipation
Of -he starting Of the plant IN October or No
vember next
COPPER LdPORTS-Imports into the United
States in the month Of May included 5''bleZ2
pouuas Of copper ore. matte and Teguus, valued AZ
SsNfs as conanared with 4570S24 pounds. valued AT
So gsa p wear ago For eleven months imports
iotaed Is go gql pounds. valued At S6,25ol There
Nr also imported in May l5l309 99i pounds Of bars
ireots etc with value OF s. 570 2Ss compared
WITH u i6g SIG pounds year aGo, valued at ASs.-
es For eleven months ended May 81, l75'Aloo4o
POUNDS have been brought into the country
COPPER EXPORTS-Exports Of copper in the
taonh Of May totaHed ~ 7gs pounds. valued at
Ess.aif as compared with 46744S5s pounds valued
-st Ese5.56 year sso. Eleven months exports
we're s-5eY89 pounds. valued al S0ei71ss' as COM
rareo with 5ss 3fS 4z2 pounds. with value or
sI@E5s in the corresponding period year ago
IRON AND STEEL IAdPORTs.-The total value
o. iron snd steel imported into this country IN
NAY 1906 was 50 S5sss2 against s.. 2.475S-5 imported
In Nav 1876 The total value for the eleven months
ended Nav "a 1896 was s26l5s S65, against S2o,s6SsS
toE the eleven months ended May 81. 1900
IRON AND STEEL EXPORTs.-The total value
~ Tou and steel exported from this country IN
May --F was Sl5. .5s6.S22 against Sl2llsss IN May
lsE The value for the eleven months ended May
&, lss5 was Nz6s0.5S2 against S22S72eo Tor ihe
eleven months ended May 81. 1863.
r EFFECT OF STOCK TAX RULiNG--Ihe oe-
cE0n ty Tie Stock Exchange that the transfer tax
mus De- PAID ~ the rate Of 81 Tor each le0 shares
th3ura tie rar value Is less than 500 in accord
ance with the opinion Of the Attorney General OF
TIE STATE was effective in restricting 10 some eA-
eni trading III low priced stocks especially on me
curb This decision doubtless viii serve 10 check
wash ssles 10 low priced issues by speculative
pools
TO CUT OFF MARITIME REPoRIs--Iae re-
Torn administration - the Produce Exchange II
ls understood. IS considering the sdVlsaplAty VI
N-t-ite ft The maritime IepefAs lStN4NN~ - -
12cIanee thereby saving several thousand col
las year. The steamship trade is protesting
vigorously against this proposed action ana
4ofse. signed petition keep I'd the reports Is IN
nfcuiatio-. Numerous other reforms ano rerehch-
heats reported under consideration
LIQUIDATION BY INSURANCE COMPANIES. |
--re Insurance COMPANIES which preferred 10 Dor
TO- I.aaey rather thar sell stocks on the break /
F-4ch followed lie san Francisco earthquake IL ls /
aud have aeen lgai6stug securities in the last few
r-.rfr sF-a lcap n
DIG aex month. believing that money rates then |
Wi ~ -.gacI thar al present.
AhN STOCK EXCHANGE MEMBERs.-David I
"a Ees Henry : isaskins. Alfred WiHstatter |
g g 4.ol Dorr have been elected members OF the /
NSSs,k t-zo-lnpe.
rAyA-E FROM SAX FEANCISCO-The SUD |
t,asi4 fa-l 10 local Banks on san AfSnclSco 1
Nsstsfcrs $4,000
- hEaeIp July BIE II rHgEMENTS - The |
49, ipal 81 -Etereet dividend oisburssrIlents
~ A.a4" te1t month Is figured as S5sytsszss-'
k-s-i.si Sis1.l-.5 year ago. iacreaso or NH-