New-York tribune., 1906-08-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-FOreign houses sold
stocks in the local market. although the volume Of
their transactions small In London the gen.
eral market heavy and unsettled. with further
weakness in Russian bonds and British cOnsos.
The Bank Of England did not change it's minimum
rate Of discount, while money quotations at the
various European financial capitals failed to re-
fleet the disturbance in Russia.
SEATTLE BANKS.-An Indication OF the en-
larged Importance Of Seattle as a commercial and
financial centre is evidenced by the increased
growth OF its banking institutions 1t IS within the
last year that Seattle has been appointed reserve
city by the Controller Of the Currency. and irscon-
nection with this fact the great increase in capital
invested in banking enterprises during the year is
worth noting Comparison Of the twelve banks
established prior 20 1905 shows that in capital in
vested excluding estate the increase over 1905
was s7S7.l52. 14.56 per cent. Including five new
banks which were organized during the last year
the increase is ss91,OOO. 1850 per cent.
THE COPPER 01ARKET.-There continues a
steady inquiry for copper. and producers are much
elated over the prospects for good market right
up 70 the close Of the year. Quite a good line OF
lake has been sold at 1854 cents for delivery In the
last quarter. However. sales Of this brand have
not yet reached large proportions. even though the
inquiry is strong. In the opinion Ct one selling
agent, the September needs Of some Of the large
manufacturers have not been fully satisfied
PIG IRON CERTIFICATEs.-Pig iron certif-
Gates at the New York Produce Exchange were
firm and higher for regular grade and steady for
standard foundry There was sale of loo tons OF
October regular at 81 20. Quotations for regular
We're: Cash. S17 bid; August, Sl79sl7 %; September
s17s7 s5; October. Sl7 15GS7 25 November, S17 200
sl7 40 Prices for standard foundry were August
s17 5o9s1s September 81 6O9S1S; October S17 50SS;
November and December s17 40GS17 75. After the
call there sales OF 100 tons Of standard fOun-
dry September at a775 and 100 tons OF standard
foundry December at sl7 75 In warrants there was
a sale Of 100 tons OF No 2 Alabama at S13 20
NO CHANGE IN BALTIMORE OHIO BOARD
The Baltimore & Ohio Railroad directors met yes
terday in the capacity Of the executive COMMITTEES
and as a full board Although it was an
nOunced after the meeting that no changes had
taken place in the board OF directors il is still be-
lieved by we'll informed interests that in due time
the Pennsylvania Railroad representation in the ,li
rectorate will be made smaller. and that the men
who viii resign will be succeeded by large indi-
vidual holders OF Baltimore & Ohio securities ana
who are also friendly 20 the Pennsylvania Railroad
management.
MOVEMENT OF MONEY.-The banks have lost
on their operations with the Sub-Treasury since
last Friday more than S5.O00oo9 due 20 pavnents
heavy customs collections. The government Is re-
depositIns part OF the Panama Canal bond nav
ments with depository banks. but the chances are
that for the week the local institutions will show
a considerable loss 10 the government.
STEEL RAIL EXPORTS FOR JUNE-Hn the
month OF June $3.50 tons OF steel rails were ex-
ported from the United States valued az S7os esq
against 22Sto tons. valued at S5SfO0l for the same
period In 1906 For the twelve months ended with
June 1855 TONS valued SSsO8Si2 against ne "a
1896.
IMPORTS AND EXPORTS OF COPPER.-For
the month ended June imports OF copper amounted
20 SS5Ol7 pounds. valued az Sl20 against SSS2 $50
pounds valued at St5l6SS. for the period last
year Total imports for the twelve months ended
June were s2.Gl2S0S pounds. valued at SGI2LSl.
against a. $50 pounds valued at 81 1881 IN the
saIne perioa last year. Exports OF copper from