New-York tribune., 1906-07-07
MINING.
WALL STREET AND EXCHANGES.

WALL STREET AND EaUHANGESs
FOREIGN TRADING.-FOreign houses sold
$500 shares in the local market. chiefly United
States Steel In London the general market was
heevy, particularly foreign bonds. Discount rates
IN the foreign capitals oasy. with indications
Of still easier quotations next week. The Russian
situation appears to be losing Its influence as a
market factor abroad
MOVEMENT OF MONEY.-The reported move
ments OF currency this week indicate a gain in
cash held by the banks OF s7sSSo0 Banks received
from the interior $685. 800 including s5OGO0 trans
ferred by telegraph from San Francisco through
the Sub-Treasury. Shipments by banks 60 the in
terror were s5OH 1e0 0f which s5s1 100 by mail
and express direct. including s1,5S9OOO national
bank notes sent 70 Washington for redemption;
$250OOO by telegraphic transfer through the
Sub-Treasury 20 San Francisco being the first
mittance account OF insurance payments. and
100000 was by Sub-Treasury transfer to New
Orleans. The loss 20 the interior s4.7O0. Re
ceipts OF new gold were $25zS.4O0. namely. sf1s.6G0
on New York assay Office checks and &,12s,sO0 on
Seattle assay Office checks the latter representing
Alaskan and KlOndiSe gold. The total gain from
new gold was S254s,4OO. Deducting from this the
total loss Ito the interior sO0 and on SubTreasury
operations proper S1Ta5OOO, s.75O1oo the net gain
was S79S.SOO
SECURITIES LISTED-The following securities
have been listed on the New York Stock Exchange;
An additional s1.Ol1.O00 OF the first consolidated
mortgage per cent bonds OF 1884. additional
100000 OF the Memphis Division first mortgage
a1sd5 per cent bonds OF 1895. and an additional
s5OOO0O OF the ST. Louis Division first mortgage
per cent bonds OF 1851 OF the Southern Railway
Company An additional 100000 Of the common
stock of the Barney & Smith Car Company making
the total amount listed s1sO0OOO Authority is given
20 list 100000 additional from time to time. making
the total S2OOOO0O After providing for payment OF
back dividends on the Barney & Smith preferred
stock the balance Of $4,000 increased common
stock is to be used for efRecting the cOmpany's
sale at par value Of a new authorized issue OF
100000 first mortgage per cent bonds. created
for the purpose Of retiring the present per cent
first mortgage bonds and lquidating the floating IN
debtedness Of the company.
CANADIAN PACIFIC LAND SAIsES-The land
sales Of the Canadian Pacific Railway Company so
far this year have been largely increased as COM
pared with the number Of acres disposed OF dur
ing the first half Of 1906 In the month OF June
last there was strkingly large increase In the
number OF acres sold. The number Of acres sold
were 754OS an Of 1O4S5. the receipts being
S5SSO13, an increase Of $247254, comparison being
made with June. 1906
GRAIN EXPORTS FOR THE WEEK-"Brad.
streets reports the exports Of grain for the week.
with comparisons figures in bushels as follows:
Wheat flour included 1SSS.SB. against 1SO2555 last
week. 1O5064 In this week last year. $3.50 in 1904
and 1850 In 1908: from July 90 June 50. 134T46
S17 compared with 624SSS1 last year. 1S4 75Os54 in
1904 and Z.Tn.7S5 in 1903 Corn. 6seOo. cOntrasted
with S7OES7 last week, 9S2&5 In this week year
ago. 613 124 in 1904 and 1525OSa in 1908: from July
to June 80. I070534 against 7eEl0275 in 1896. a.
151 115 in 1904 and 6S52sg74 in 1908.
VANDERBILT RAIL ORDERS-The orders for
the rails required by the Vanderbilt roads will be
placed In the near future. The different roads in
the system have now signihed what their require
ments for the year 1901 viii be- and more accurate
estimates Of the total amount required possible
The order will probably range between I10OoO and
that a part of the larger amount will be necessary
only if certain improvements decided upon
The system reserved space in the steel mills some
time ago for about $4,000 tons OF rails
AMERICAN AfALTING-The stock OF the re-
Gently Incorporated American Mailing Corporation
viii be issued in the course OF the next ten days
Il will be exchanged for the negotiable certificates
which were issued In exchange for the stock OF
the American Mating Company under the terms
Of the readjustment plan which became effective
last October
PIG IRON CERTIFICATEs-Pig iron csrtir-
Gates at the New York Produce Exchange were
hrm and higher. There was sale OF 100 tons Of
August regular at SIS s.. Prices for regular fol-
low: Cash. SIC SO0SlS %: July. Ss 3OGSl6 50; August
SIC s59S6 as October. SIC 2eGS16 80: November ss15
G$16 so. Quotations for standard foundry follow:
July. SIG 7OGS17 q; October. a7GSl7 Is; November
s17Gs17 %.
AMERICAN STREET RAILWAY INVEST
MENTS."-The red book. american Street Rail-
way Investments for 1906 has just been published
The work contains a large amount Of valuable de-
tailed information about the street railroads OF the
complete reference books Of the Kind ever printed
APPLICATION TO INSTRUMENTATION has baan
made 70 the New York Stock EXCHANGE 20 lisf
S2eo.ero additional general mortgage per cent
bonds OF 1857 OF the Reading company.
DIVIDENDS DECLARED-The SeahOar4 ccv,
pany has declared the regular semi-annuaI (sivien1
OF "a per cent on It's first preferred stock pavable
July - the Bangor q ArO0stOOk Railroad 6,ou1-
Pany has declared the regular semi-annual dividend
OF per cent, payable 70 stock OF record july p
MONEY FROM SAN FRANCISCO.-The Treas
ury Department has authorized the New York sn6-
Treasury 60 pay 20 local banks s.5o0oo on trans
fer from San Francisco
TRUST INCREASES CAPITAL.-The Franklin
Trust Company on July increased the capital
stock from &O00G00 20 8. 10000 and the elITnIIIs
from SO00O0O to S,000O10 making the total ~ Can't
tai. surplus and undivided profits now over 81 S0.
OOO The board OF trustees was also increased as
previously authorized 20 total OF twenty-seven