New-York tribune., 1906-10-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
aoOO0 shares in the local market selling 1900
balance. In London the general market quiet.
Discount rates strong in all the foreign capt
tails money IN London being IN fair demand. IN
connection with the beginning OF the fortnishtly
settlement II IS believed that. in the event of
heavy demand for gold. the Bank OF England VIII
advance rate to per cent
HIGH RECORD PRICES FOR COPPER--Cop-
per prices at New York were advanced 2. cent on
the inside price and III cents on the outside price
for lake. making the average gain rs cents .
pound This establishes a high record basis
and puts lake q % cents and eectrolytic and
casting at 20 q II is said in the copper
trade that there is really spot copper 70 be OBJ
tanned from first hands, hence the advance. Fur
thermore. the large companies state that they have
no copper deliver for the remainder of this year.
Sales for delivery for next January have been
made q cents for ordinary grade. and the entire
market seems to be very hrm basis. Tbs
London market gained about cents for the day.
with spot closing at f9o S. 3D. and futures &C
fs5 It's. 80.
PIG IRON CERTIFTCATEs.-Pig iron certificates
at the New York Produce Exchange were steady
and practically unchanged. Prices for regular
were: Cash October and November. S1s4sls 70: Do
cember SIS IS asked; January. SO asked; February
and March SO . asked. Quotations for standard
foundry follow: October. $l9 50dS2O %; November.
sls 25GS20; December. S902O; January. February
and March, S19 30 asked After the call there were
sales of 100 tons of standard foundry October az
$40 and 100 tons of standard foundry Novembep
at $40
THE IRON sITUATION-Rogers. Brown Co.
say:
The market continues persistently strong. with
let up in sight The activity In Eastern foundry
irons was confined for few days 10 small lots
for spot shipment. but large inquiries are again
cropping up for the first and second quarters or
next year. and further advance IN furnace prices
would not be surprising Sales of basic have been
heavier than al any time since July Nearly 10000
tons have been placed this week in the Eastern
market, most Of IL for the first quarter OF nexs
year at prices varying from sl9 30 TO Sd delivered
Large quantities could be sold for this years de-
livery. but makers have little or none aValtaolA
The blowing of at least one basic FURNACES
weakens an already strained CONDITION or anairS-
The coke market is also active. With prices adj
vancing. IL is another factor making for higher
costs OF pig iron. which have already crept UP N
! alarming way
SEPTEMBER ANTHRACITE SHIPMENTs-
The anthracite shipments for pternoer aInouheeo
10 45Z7 SIS tons, compared with 6Os2--s tons IN
September 1895. The shipments for the year SO laF
amount 10 40 25S4S tons. against 4.sSaO tons ros
the same period of 1%5-
NEW BROKERAGE FIRM--H b. eIayodcA
and w A sIavback sons OF John D. STAY PACK.
who for many years a member OF tns No~
Work stock Exchange, have opened an oiIcs -
No % broadway, for the transaction OF a strictiy
commission business -. ,,,,- ~. q za =.
o0 was engaged yesterday IN Iond0n Ior siiipi'eh'
- +bfS country by Kuhn Loeb 4 Co.