New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-09-19
WALL STREET AND EXCHANGES.

WALL STREET AND EXCHANGES.
FOREIGN TRADING-Foreign houses dealt IN
10000 shares IN the local market. all sales. In
London consols were steady. and the general
tendency OF the market was toward Improvement
Money was in fairly active demand IN tho British
capital and discount rates were slightly higher.
In Paris discounts also advanced while IN Berlin
there was advance in the rate OF the Imperial
Bank of Germany from AZ 70 per cent
STOCK EXCHANGE RULING.-The committee
on securities OF the New York Stock Exchange
rules that all transactions hereafter IN American
Pneumatic Service Company preferred and COM
mon stocks shall be rights.
COPPER PRICES CP-Lake copper up Hc IN
the bid and asked price. az 191sc 10 1890 Elec-
trolytic up 1sc IN the bid price, at l9c 20 1870 and
casting up &c in the bid and asked price. az 1s.
20 19c.
DIVIDEND DECLARED.-DirectOrs OF tho Ten
ncssee Coal and Iron Company have declared the
regular quarterly dividend OF per cent on the
common stock and per cent the preferred
stock.
PANAMA RAILROAD BONDs.-The Panama
Railroad Company sinking fund per cent bonds
OF 1910 and Southern Pacific OF California first
consolidated mortgage bonds OF 1881 have been
stricken from the list OF the New York Stock ESx-
change.
TRUST COMPANY OF AMERICA-Directors OF
the Trust Company OF America have declared the
regular quarterly dividend Of per cent and an
additional dividend OF per cent. payable on
October /
OF the Mines Company OF America have declared
the regular monthly dividend OF II per cent and
extra dividend OF 315 per cent. This compares
with the regular dividend OF rs per cent in Au-
gust.
AMERICAN WOODEN COMPANY-Directors
OF the American Wooden Company have declared
the regular quarterly dividend OF Ia per cent on
the preferred stock payable on October Is This
is the thirtieth consecutive quarterly dividend de-
clared on the preferred stock equivalent TO So 50
share. making the aggregate s1OSs7.5O0
ERrES STEEL RAIL ORDERS-The Erie Rail-
road has Increased its steel rail inquiry from 1900
20 1000 tons Inquiries for steel rails aggre-
gate nearly 10000 tons. large percentage OF
which will develop into actual orders before the
close OF the month. Shipments OF steel rails are
now running az the rate OF about $4,000 tons a
month There many inquiries IN the market
from foreign sources. but there IS scramble on
the part OF producers for business OF this char
acter. owing to the big domestic demand.
BANK OF GERMANY RATE UP-The advance
IN the Berlin bank rate excited surprise and
very little interest. Such movement Is practi-
cally always made on any action by the Bank OF
England toward establishing higher minimum
discount rate. The Berlin rate IN any case would
probably have been advanced. as the end OF the
present month Is frequently time OF tight money
there. and considerable stringency IS expected
this year The general effect on European mar
tnCOnStdoraDle.
ceased 20 rank with stock markets OF the first I'M
portance and its money market movements are
greatly influential anywhere az present, except
perhaps II ST Petersburg.
AMERICAN AGRICULTURAL CHEMICAL
The directors OF tho American Agricultural Chemi-
cal Company have declared the regular semi-an-
nual dividend Of per cent TIE preferred stock.
BANK OF COMMERCE DIVIDEND-The regu-
lar quarterly dividend OF Fer on the capital
stock Of the National Bark Of Commerce has been
declared payable on October I.
UNITED COPPER DIvIDEND.-The directors
Tuesday 20 act on dividends. IL IS reported that
the dividend on the common stock will be IN
creased.
GOLD INIPORTs.-The National City Bank en-
gagged yesterday 100000 for import. and Laden
burg. Thalmann & Co. engaged $4,000.
CORN PRODUCTS.-Fonowtng the meeting OF
the directors OF the Corn Products Refining Com
pany. Z. T. Bedford stated that the directors had
decided not 10 consider the question OF a larger
dividend at this time but that az the next quar-
terly meeting. provided the cOmpany's cash sur
plus warranted II. the question OF increased
dividend would be taken up
GREENE CONSOLIDATED GOLD COMPANY
AT a meeting OF the directors OF tho Greene
Consolidated Gold Company 10000 was subscribed
by the large stockholders for the installation OF
dredging plant ON the eompany's property IN
Sonora. Mexico.
INTERBOROUGH EXTRAORDINARILY an
nouncement is made that tho seni-annual interest
the registered collateral trust AZ per cent gold
bonds OF the Observation-Disclosures Company
and coupon No. I from the coupon bonds due Oc-
tober I. 1905. Will be paid and after that date
at the Windsor Trust Company. No 65 Cedar street
PIG IRON CERTIFICATES.-Pig iron certificates
at the New York Produce Exchange were steady
and about unchanged. There were no sales. Prices
for regular were; Cash. September and October
SIS 70 asked November SIS IS asked: December.
SIS 80 asked: January. February and March SO
asked Quotations for standard foundry follow
September. SO 25GS2O .; October. SO 1880; No
vember. $l90S20; December. S19Qs19 so: Janua-
~. SIS 5Ogsl9: February. SIS IS asked: March
SIS 258Sl9
VULCAN DETINNING-The revival OF activity,
IN the Vulcan DEFINING stocks particularly the
preferred. Is said 20 be based upon the exceIlen,
business % the company. Owing 10 the vviaar
knowledge OF the requirements OF the companv f,-
material that was thrown away or disposed or ~
expense 20 those accommodating II before the aatt
ming process was Invented and made practicabr,
the company In securing offerings OF a constantly,
increasing amount Of discarded tin IN various form
as basis Of It's operations In CONSEQUENCE a.,
output q scrap steel and pig tin Is steaduv a,
creasing and being sold az about the hihes, pr,cs,
In the history OF the industry
TENNESSEE COAL AND IRON 60,
meeting OF tho stockholders OF the Tennessee -
and Iron Company has been called AZ qrr.e. -