New-York tribune., 1906-08-11
MINING.
21Oo Total sales.
WALL STREET AND EXCHANGES.

active factors I'm the local market transactions
a rule being on the selling side, including 5000
shares of Southern Pacific. In London the general
market was firm. with further improvement in the
Russian bonds. The copper shares were features.
Money was in fair demand and easy, with all in
dicatons pointing toward continued ease for six
months
ADVANCE IN IRON PRICES-Spot iron has
been advanced % and 80 cents ton. and there ap-
pears 10 be a good demand for It at the high fig
ures. Sales Of No foundry iron for delivery in
November and December have been made
basis of SIS a ton Birmingham. This is s2 a
ton above the price that prevailed about two
months ago. when there were reports Of dissolu-
ton of the agreement between Southern manufact-
urers.
CURRENCY MOVEMENT.-The reported move
ments of currency this week indicate loss in cash
held by banks of $5Ss 100 The loss to the interior
on the direct movement by mail and express was
S619,7OO being the first loss of this nature since
the week ended July 3. when a loss of $4,000 was
reported. Previous to that no losses had occurred
since the spring movement, when loss Of $1,O46-
500 was reported for the week ended May "a
NEW LISTINGS-The following securities have
been listed the New York Stock Exchange:
$5O7S.SOO of the second preferred stock Of the AS
sociated Merchants Company, additional 81 .O75
900 of the general mortgage per cent bonds due
1893. OF the Cleveland. Cincinnati. Chicago & St
Louis Railway Company. additional S957,O0O
first mortgage per cent coupon bonds of 1884. OF
the United Railway Company Of St. Louis addi-
Fuel and Iron Company. an additional 100000 first
mortgage and collateral trust per cent bonds Of
1884 of the Colorado Industrial Company. The A
bonds Of the Colorado Industrial Company cease
TO be convertible
GRAIN EXPORTS FOR THE wEEK-"Brad-
streets reports the exports Of grain for the week,
with comparisons. in bushels: Wheat -four includ-
ed 26 $751; against 2S50 02O last week, S65002 In this
week last year and 12s1 S99 in $685. for the six
weeks of the fiscal year. 121O0269. against 5Z3s6i5
in 1906 and 1851 in 1904; corn. 12S2SS against
.146 last week. i.1524n in this week year ago
and G952O2 in 1901; from July 1. AS7SS57. against
59OO,2Oi in 1905 and 3.27s1n in 1904
TEXAS & PACIFIC BONDS-The statement Is
made the authority of an officer Of the road
that the gross earnings of the Texas & Pacific
Railway for the present year are already more than
100000 in excess of those for the corresponding
period of 1905. This for the significant ad-
vance which has recently taken place in the price
of the second mortgage per cent income bonds.
Last week these bonds advanced ia points. closing
9224. Since then they have gone to ST. at which
price they yield about $50 per cent.
PIG IRON CERTIFICATES.-Pig iron certih-
Gates at the New York Produce Exchange opened a
shade lower to shade higher for regular and gem
orally a shade higher for standard foundry. There
was a sale of 500 tons regular September sl7 25.
Quotations for regular follow: Cash. SIS 90 bid
gust SIC 60 bid September s17 % bid; October. N7
bid; November. SIG 80 bid Quotations for standard
were: August. SIT 50Q$1S September. S7 60dS1s: Oc-
tOber S17 6OqS1s; November, 81 20 bid; December,
IRON IDIPORTS.-While there is sufficient fOun-
datiOn for the statement that foreign iron will be
shipped TO this country in the of continual
ton OF the strong domestic demand. still the quota
ton will go up 81 50 per ton. and the price
abroad remain stationary before the metal can be
exported from Europe to the United States at
profit. Iron and steel conditions in Europe are ex-
ceptionaly strong and for this reason producers
do not look for American purchases OF iron abroad
in the immediate future at least.
STEEL CONDITIONS.-The sales agents of
of tine largest independent steel concerns in the
country have received instructions TO make No
further sales of steel for delivery this year owing
the already cOngested condition OF the mills This
serves TO show the extraordinary demand that now
exists for steel and the sold-up condition Of the
mills Not in the history Of the steel trade have
conditions in steel been so promising
COLORADO SOUTHERN DIVIDEND-Tbe
directors of the Colorado & Southern have de-
clared the regular semi-annual dividend OF ?
per cent on the first preferred stock payable Octo
Der l.
FIGURING ON GOLD INIPORTS.-Sterling rates
have declined sharply during the last two days
principally on heavy offerings of cotton bills ana
are now at about the level at which It would be
possible to import gold at profit. Local bankers
were reported yesterday to be making Inquiries for
the metal in London. and It is expected that unIas
the price of bar gold in that market shall rnea,
while advance engagements Will be arranged newt
week for importation into this country.