New-York tribune., 1906-10-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt In
1000 shares In the local market. evenly divided.
In London the general market was duh and heavy.
Consols were easier, and the mining market showed
small losses in places. The Bank OF England made
no change In its discount rate. and the return
showed only small improvement. as compared with
a week ago. Money was in good demand, with open
market discounts frner In Paris discounts were
easier, while IN Berlin they were unchanged. Bar
silver was again strong.
AMALGAMATED GETS EXTRA DIVIDEND
The directors OF the Amalgamated Copper Com
pany declared yesterday extra dividend OF one
half of l per cent, In addition quarterly divi-
dend of IL per cent The company paid dividends
first in 1899. the amount disbursed In that year
being per cent, while in 1900 It paid per cent.
7l per in 1901. 2s per cent IN 1902 per cent
in 1903. per cent in 1904. +a per cent IN 1905 and
with yesterdays declaration. per cent in 1906.
The dividend announcement was followed by activ
ity in Amalgamated stock and advance OF
per cent in the price. Anaconda strong in SYM
pathy. Directors OF the Boston and Montana de-
clared the regular quarterly dividend OF s. share
and SO extra.
NEW ORLEANS MONEY MARKET-Monetary
conditions in New Orleans are unchanged. The
demand has again been active. but without in
fuencing any hardening in rates. Call loans are
still quoted at per cent The weekly bank state
ment shows a moderate increase the loan item.
Legal tenders, exchange and deposits also show in
creases. Foreign exchange bills have been in bet
ter offering, but the volume making has been only
moderate. The market has reflected changes at
New York. New York exchange has marked but
little change in the week. and. on the whole the
supply has been IN excess OF the requirements OF
the remitting banks
UNITED STATES STEEL.-In the event o. the
earnings of the United States Steel Corporation
reaching s155 900 600. and finished and sem-fnished
steel sales 100000 tons. in 1905. the corporation
will have earned at the rate OF SIS ton. This
profit, however, is the extreme profit and includes
earnings from the transportation of iron the
furnaces. the manufacture OF pig iron and its
version into billets. blooms. slabs. wire rods ETC..
and then to the finished article.
CHESAPEAKE & OHIO DIvIDEND.-Ths fact
that Chesapeake & Ohio stock has held at about
the same level for several weeks with a slightly
reactoEary tendency, has given rise to the report
that compromise between the present rate and
that demanded by stockholders 8 per cent, had
been arranged. 1t Is pretty generally accepted in
well informed quarters that a 2 per cent annual
basis is the most that be looked for, and that
the board is by no means unit that much.
MOVEMENT OBJ GRAIN-From week to week
the grain supplies continue to accumulate at pri-
mary points In he interior and at the seaboard
There Is. howevsr no congestion yet Taking
wheat as the tndAa 30 the movement for the week
ended September % there SO $4,000 bushels In
store at points reporting to the Chicago Board of
Trade. The following week the total had advanced
TO 4.6S2Oo. showing gain OF about one and a
third million bushels. week later the total was
go.SOlOo0, CT increase of $4,000 bushels Thare
Is a daily movement OF wheat at nine Western
points OF between 10000 and 100000 bushels hut
as a rule. the volume Is somewhat less than a
year ago. Thus far. apparently. the larger crou
OF wheat has not manifested itself In heavier re-
cepts.
STREET RAILWAY JOURNALS BIG ISsTTE,
inc last number of '"rhe Street Railway Journal.
mas TWO sections. containing total OF more than
hve hundred pages and weighing about five pounds
Inc smaller of the two sections is devoted prI
marlly to the news OF the week and matters q,
Gu current interest TO the electric railway industry
ne larger sectien is elaborate exposition OF IN
terurban electric railway practice More tban ee.
pace ere devoted 10 halftone ILLUSTRATIONS aIonc
EfFECf OF NEW YORK CENTRAL, DE-
G4sIoN'-The decision against the New York Can-