New-York tribune., 1906-10-31
WALL STREET AND EXCHANGES.

FOREIGN TRADINC.-Foreign houses dealt In
10000 In the local market. all purchases In
London the general market was steady. The Bank
of England is still Strengthening its position, but
IL ought to secure gold to the extent of at least
$40 100000 more and this is matter OF time there
Is early prospect of q reduction of the per
cent bank rate. Money begins to come back TO
London from interior points toward the end OF No.
venber, and the bank should therefore have plenty
opportunity OF preparing for the end Of the year
SOUTH AMERICAN GOLD.-The s2725-Oo gold
from Bueros Ayres. which arrived at Boston yes
terday, consigned 20 the Second National Bank
for account of the National City Bank OF New
York, in American eagles There were LOS
boxes $4,000 in each box. When IL Is counted the
Boston Sub-Treasury will inform the New York
Sub-Treasury. and the amount will be at the credit
of the National City Bank. By depositins gold In
Boston and transferring it to the credit of New
York the National City Bank saves about two
days In transit. The gold will be returned TO the
Treasury in repayment of United States deposits
against its engagements for import
PIG IRON CERTFICATES.-Pig iron certih-
Gates at the New York Produce Exchange opened
firm. Regular grade was unchanged. but standard
foundry was higher. There were no sales Prices
for regular follow: Cash. October. November and
December, SIS 10 bid. Prices for new standard
foundry follow: January. s22 509s2S so; February.
s22 25 bid; March, $50 25GS23 On the second call
prices continued firm. There were no sales. Regu-
lar grade closed the same as 1t opened. Standard
foundry ended 70 lows: January SO 5oGs2S: Feb
ruary and Marcn. $22 25qs2S
SUGAR MARKET CONDIT1oNs.-Rehned sugar
brokers report a good many orders received. 10 be
placed on a net basis of 4.6oc less per cent cash
for granulated, which is 10 points under the net
price now quoted by refners other than the Federal
company which quotes net basis of 4.6Oc. This
indicates a lower market for refined. Raws
dull and nominal.
APPLICATION TO IIST.-Application has been
made TO the New York Stock Exchange to list
$4,000 additional per cent 5O-year first lien and
civ ho-,1a ~ Oft
Electric Railroad and Lighting Corporation
COOK COUNTY BONDS SOLD-N. W. Harris
G. Co. and the First Trust and Savings Bank. Of
Chicago have purchased Jointly s2,S75,ooo Cook
County (Chicago). H. Court House per cent
bonds.
MEXICAN ISSUES.-Mcxican issues were active.
especially Mexican Central which more ag-
gressvely bought than recorded in many weeks.
The income bonds also were active Mexican Gen.
trail shares gradually have been hardening since
the Mexican railway resumed dividends on the sec
ond preferred stock.
HOLIDAYS IN EUROPE.-The London Stock
Exchange will be closed tomorrow, also the Con-
tinentaI bourses. is usual All Saints Day.
Banks and other places OF business will be open.
IL Is not statutory holiday.
MOVEMENT OF MONEY-The banks lost on
Monday $4,000, and since Friday have lost a,ss5
0Oo compared with a gain last week Of s60.Ooo
The local Sub Treasury debtor to the Clear
ing House yesterday for sSi.6sS. There was with
drawn from the local Sub-Treasury yesterday $780,
600 IN gold coin for shipment TO Canada
CANADIAN PACIFTC.-For the month of Sep
tember the Canadian Pacific Railway reports an
increase in gross earnings Of sss1 se2 From July
to September 30 gross earnings increased A02S5u
and net earnings 81 06695S