New-York tribune., 1906-07-06
WALL srREET Avn EXCHANGEs.

FOREIGN TRADING.-ForeIgn houses dealt IN
25OCO shares in the local market, all purchases In
London the general market was firm, with strength
in consOls and Russian bonds. The Bank OF Eng
land made no change I'm its minimum rate OF dis
count though the weekly return unfavOrable.
Open market discount rates were easier also I'm
Berlin. Exchange in Paris London and in
Berlin advanced Sentiment in the foreign markets
over the Russian situation was more cheerful.
STRUCTURAL. STEEL ACTIvITY.-The Amer
lean Bridge Company did much larger business
in the month Of June than anticipated New
bookings aggregated so 600 tons. about the same
amount of new tonnage as reported in May. II has
Just closed contract for the erection of the open
hearth furnaces for the steel plant at Gary, md.
and has sold to the Southern Railway about 1900
tons Of steel Practically all the steel to be used
in connection with the building of the S7500O0oO
plant Gary will be supplied by the subsi-
diaries of the Steel Corporation. consequently a
large percentage Of the money needed for this pur
pose will not find its way out OF the treasury Of
the corporation.
INTERBOROUGH-METRO is re-
ported that the pool which was formed to support
the common stock of the Metropolitan
merger. and which gave up the attempt after TAX
ing some 27OOOO shares has been finally dissolved.
This action is said to have taken place June 3d.
The circular letter notifying the members of the
pool that they were called upon to take up 80 per
cent of the stock for which they subscribed stated
that the stock would be held by the subscribers
subject to the syndicate managers. From this It
was inferred that the pool least temporarily
being kept intact. even though the stock had been
distributed among its members. 1t is now said
that if such intention was entertained it has
been abandoned.
STEEI. RAIL ORDERS-The steel rail ton~age
on the books of the Tennessee Coal and Iron Com
pany delivery in 1907 aggregates 10000 tons
The Colorado Fuel and Iron has booked about 15O,-
OO0 TONS making a total for the two companies OF
100000 tons. The Tennessee company recently
cured an order for $4,000 of rails from the Har
riman lines The steel rail mills Of the country
have booked for 1907 delivery close to 100000 tons
which represents nearly six months capacity.
HEAVY SELLERS.-Gates & Co, Barney & Co.
and Hutton & Co. were reported as among the
prominent sellers. The last named firm also sold
heavily in other stocks. especially Pennsylvania.
Amalgamated Copper and Smeters. The threatened
attack on the pool in Smelters common which was
rather freely advertised earlier in the week. seems
TO have been abandoned. for the stock has been
Of tn strongest on the list.
MISSOURI. KANSAS & TEXAS--Indications are
that for the fiscal year just closed the Missouri.
Kansas & Texas will report substantial increase
in surplus charges and show the preferred
dividends. payment Of which was begun this year
guarded by safe margin over the sum required
to pay them 1t is estimated that the road will
show a surplus Of S1658. .20O The amount required
for the preferred dividend is S52OOOO
PIG IRON CERTIFTC ATES.-Pig iron certif-
Gates at the New York Produce Exchange were
dull and barely steady. There were no sales
Prices for regular follow: Cash SIC bid: July $50
SIC 80; October, S160A6 o; November S169S6 IS
Quotations for standard foundry follow: July
SIG 75Q$7 25 October, $6 9OQS7 25; November ss 600
Sl7 10
MONEY FOR SAN FRANCISCO.-Arrangemen
have been made at the Sub-Treasury for the trans
fer Of S25000O to San Francisco. This amount rep
resents insurance loss payments.
GOLD IOfPORTS--Tn addition 70 the 8. $4,000
gold in transit from Australia for New York ac-
count a local banking house has engaged $1.5OOOOO
for immediate shipment from Australia.
A REALTY COMPANY'S DIVIDEND-The
board Of directors Of the Alliance Realty Company
have declared a quarterly dividend OF 1as per cent
the capital stock, payable on July 16 to stock
holders of record on July 10,