New-York tribune., 1906-08-04
MINING.
WALL, STREET AND EXCHANGES.


FOREIGN TRADING-Foreign houses sold &o.so
shares ON balance sn the local market In London
Russian bonds were weak but the geEeTai nlslEA7e
acted we'll Money was In good demand thous4.
quotations were unchanged On the Continental
taourses trading was duh and prices ralrly nTin'
The London stock Exchange VIII be closed to-day
and will not reopen until Tuesday morning
THE IRON sITUATIoN.-Rogers. Brown & Co..
in their review OF tho iron market. says
The week has served to emphasize the continued hEgS
the report OF the Steel Corporation shows quarterly
earnings OF over 100000. esssss tons OK @ 9EesIs
20 warrant the resumption Of atvidsnds on tns con-
Germs Is shown by the enormous sales OF basic in
the Eastern markets These have totalea over
the supply OF steel making iron IN this territory
firm at the recent advance OF 25 cents ton Penn
sylvania furnaces are holding firm at sl7 Is fur
less than SIC 8 on al their recent sales sRorsags
Or 09F continues 70 naapeF & s STol ST S
factor in reducing the output OF ore coke and irOn
the year w D not Pc b 70 nd ss ' fo ' tsr pr q
but 20 secure raw materials and 90 keep costs
with the serious possibilities involved. there is
cloud on the horizon
MOVEMENT OBJ AfONEY-The reported move
ments OF currency In the current week indicate a
loss in cash held by the banks OF upward OF $780,
900. There was loss Sub-Treasury operations
OF ss,S1 900 gain from the interior OF s29So0 and
a gain from gold OF s. 500 Receipts OF cur
rency were In great part from nearby points while
shipments were moderately heavy TO the East and
South The loss on Sub-Treasury operations was
due chiefly 20 Panama Canal bond payments.
ST. LOUIS SOUTHWESTERN NEW BOND
1SSUE-A special meeting OF the stockholders OF
the St Louis Southwestern Railway Company has
been called for October Tor the following pur-
poses: To authorize the company 70 guarantee the
payment Of the principal and interest Of an issue
OF first refunding and extension mortgage per
cent ffty-year gold bonds OF the Gray's Point
oavraT TEoFT~,-l N1--
ceedng the principal OF 100000; 20 authorizs
the company 20 enter into a supplemental agree
ment or lease with Gray's Point Terminal Railway
Company, providing for its use and occupancy Of
the railroad terminals and other properties OF the
last mentioned company during the period OK fifty
years from and after August ], 1906
AMALGAMATED-GREENE COPPER-It Is a
curious fact that the advance In Amalsamated
Copper timed 20 coincide with an ad-
vance OF Greene Copper on the curb. and the re-
port circulated that Amalgamated Copper
would take over the Greene company. The report
found few believers. The manipulatOrs on the curb
were. however kept In close touch with the move
ments OF Amalgamated on the floor by a system
Of signals from the windows Of one OF the firms
which was active in advancing Amalsamated. One
reason why the movement failed 70 attract fol-
lowers was that the rest OF the market showed
heaviness and inclination 20 sell Off while the
copper movement az its height.
GRAIN EXPORTS NEUTRALITY-SUSPICIOUS.
comparisons. figures in bushels. follows: Wheat.
-four Included. 2ss5O2O. against 17OS,7O5 last week
10E6SS In this week last year and 1sS7e1SS IN 1884,
for the last five weeks Of the fiscal year. esS7SOS
against 5.4242S7 in 1895 and 6565S72 in 1901; corn
Jas. against 5asOs last week, 1yOlSs75 in this
week year ago and 1885 in 1904: since July l.
S2S5719. against 474776S in 1905 and 25SS0e in 1904
PIG IRON CERTIFICATES-Pig iron certificates
at the New York Produce Exchange easy for
regular and steady for standard foundry, There
were sales OF 100 tons September standard foundry
at $7 60 and 100 tons Of December standard foundry
az S5 CO. Quotations for regular Cash, SIG %
october and November s17Gsl7 % Prices for stand
ard foundry follow: August. S17 5n3Sls: September
S17 55Qs1S: October. 81 5o0Sis; November S17 5O9
sl7 50; December. S17 5OGS17 IS.
PITTSBURG SELLS BONDS.-N. w. Harris &
Co. OF this city have purchased 81 10000 CITY OF
bonds. dated July 1. 1906 and due serially July
1907 to 1886 The net debt OF the city is less than
per cent of the assessed valuation.
JULY CLEARINGS. According 20 s.F2raa
Streets. July clearings showed a decrease OF 2
per cent from those Of June. while outside OF the
metropolis the clearings showed only a fraction 90
l per cent decrease Stock speculation in New Yorb
in July smaller than In June though bea,,a
than July year ago.
PRICE ON COTTON-TheOdore HI Fr,ca so,.
that on the basis Of the average condition and
acreage reported by the government for the Iasr
nfteen years the cotton crop report issued yester
PANAMA BOND PAYArENTs-Ths suh-T,a,s-
ury received yesterday $4,000 on account of tba
payment for the Panama bonds making The 3o@s1
thus far received at the sub-Treasury N this cft
s.. 10000. 80 ~ N'''
SUCCEEDS RUSSELL SAGE.-At a meeting NJ
the Importers and Traders National Bank vester-
day James r. Plum elected vice-presi5eDt q,
hn the vacancy caused by the death OF Russell
Sage Mr Plum is treasurer of the Central Leather
Company.
APPLICATION TO INSTRUMENTATION has boa,
made 70 the New York Stock Exchange m list
sl.075Ooo additional general mortgage per cent
bonds OF 1898 OF the Cleveland Cincinnati CHICAGO
a ST. Louis Railway COmDanv