New-York tribune., 1906-10-27
WALL STREET AND EXCHANGES.


2OO0o shares in the local market mostly purchases
Arbitrage operations restricted by the adjust
ment or the account in London; also by the large
quantity of stock in transit. In London the
general market closed firm: also in Paris and Ber-
lin Money WAS slightly easier in the British capi-
tal helped by the release OF some of the japanese
government funds.
UNITED STATES STEEL-The quarterly report
of the United States Steel Corporation which will
be made public after the meeting of the directors
next Tuesday, will reveal It is said, net earnings
of nearly $aO,CO0OOO. or within shade OF the rec
ord breaking figures reported n the second quar-
ter of the current year. The statement also will
show an untitled tonnage OF approximately 100000
Of September so. 1906. However, the un-
filed tonnage at present. is in the neighborhood
OF 100000. The net earnings OF the corporation
in the first quarter sS6 634 400; in the second
quarter SN,1250S3. and IT IS anticipated the
fiscal year will show q total OF about S55OOo.Oo0.
GRAIN EXPORTS FOR THE WEEK.-"Brad-
streets reports the exports Of grain for the week.
with comparisons, figures IN bushels. follows:
Wheat. -four included 51sS.S17 against 4sS1 S41
week. 4267, 100 in this week last year. l47e61S in
1904 and 6672SSS in 1901; for the fiscal year to date
5s 17s $685. compared with 26S724 42S in 1905 o. 4 s in
1SO4 and 1O2 s47 in 1901. Corn, 1885 Ill compared
with 1.S19O96 last week. s1Ss IN this week year
ago. and 40 Isl in 1O4 for the fiscal year date,
1S $685. contrasted with 17.sT+6S in 1905 and TO-
2S4 sOS in 1904.
PIG IRON CERTIFTCATES.-Pig iron certificates
at the New York Produce Exchange opened firm.
Regular grade was unchanged. but standard foun-
dry 20 20 IS points higher. There were sales.
First quotations for regular follow, Cash. October
November and December, Ss 70 bid. Opening prices
for new standard foundry follow: January, so Esq
s29; February, s224S2S; March, 81 75Qs2S. On the
second call business was dull. There were no sales
Prices ended the Same as they opened.
BANKS LOSE CAEH.-The estimated movement
of money this week shows loss in cash held by the
banks s71Ss 200. The banks received from the in
terror s5z23 SEQ and sent to the interior S0S45c00
Receipts of gold were s482s.sOo. The total loss
to the interior S52G. 200; Sub-TreaSury oper-
aIions proper 1855. .S00 and by return of United
States deposits against gold imports S. 69S O00 MAX
ing a total OF 81. $4,000. Deducting from this
amount the gain by new gold left the net loss
stated above.
CORN PRODUCTS IAIPROVENIENTS.-Direc-
tors of the Corn Products Refining Company have
appropriated S20G0O for the necessary improvements
IN machinery of various plants to conform with the
new pure food requirements The company's plants
will be equipped that all traces OF impurities in
glucose will be eliminated. 1t is officially stated
that the proposed plant of the company In the
Chicago district will be financed from earnings and
by sales of factories and sites owned by the COM
pany. but at present imperative There will be no
stock bond issue.
NEW ORLEANS MONEY MARKET.-The money
in New Orleans has been frm but has
shown no tendency toward higher rates. call loans
accommodation has been quite active. and this fact
Is fully reflected by the weekly bank statement, the
$4,000, While deposits also show the increased de-
nand from the crop districts and the requirements
for general trade purposes. Foreign exchange bills
have been IN better offering.
COPPER TRADE CONDITONS.-wal Cop
per Letter says 'The metal market is quieter with
prices at the highest point SO far touched Lake
and elestre&ytc & m may be quoted p cents to q cents
pr and Gns Gts s are made 70 at the
been sold at 2a1 cents Metal brokers declare that
nents Of their customers. So far as spot copper
market resulted
sharp advance In STANDARD" r or &c. NJ. B. in
sharp decline Of about "a This has frightened
consuming interests somewhat. and has caused |
FOR distant advance deliveries.
CHESAPEAKE s. OHIO BONDS.-The Guaranty !
Trust Company of New York and Brown Bros, & !
0ho xeapy PER cent f ss d bonds The
cars and locomotives.
GOLD IMPORTs-The suh-Treasury paid TO /
banks yesterday IS $4,000 telegraphc transfer,
rom San Francisco Of imported f1 gold from Aus
10 the Sub-Treasury IN repayment OF United Statss
VIII figure under the average system for one paahee ss
n the bank statement.
COPPER PFsICEs.-while a number OF tn. Lead
ng copper producing Interests IN New York City
conservative in their views on the course which
copper prices may taks in the next year. Others. |
interests. on the selling side. and the American |
Brass Brass Company: on the purchasing side. are con-
AMERICAN DISTRICT TELEGRAPH prvr
DEND UNCHANGED.-The directors OF the Amer
can District Telegraph Company OF New York |
nave declared the regular quarterly dividsnd oT
per cent. payable November IS "
IRON IMPORTS-Five cargoes OF foundry iron
are now on their way from Europe to this country
Two of the foresoing cargoes were sold before
heir arrival which indicates that the demand for
ron Is very pronounced. -A
NEW MINING FIRM.-Articles OF copartnershin
we're signed yesterday by Warren s Fysba
}. B. Bachman and Edwin y Weed This CO. |
partnership has net cash assets of SsO00eC and will
Immediately open offices In Boston CNhcapo srI
oittsburg, and will succeed Fisher Worne & -
n philadelphia This Arm will deal in nSIninC
tocks. doing general curb and exchange b,,sSS
ness and Wil act as correspondent OF the Cox In
Fisher BachInan & Weed "' as