New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-09-20
WALL STREET AND EXCHANGES.

FOREIGN TRADINC,.-FOreisn houses dealt IN
10000 shares in the local market all sales. In Lon
don consOls quiet and Russian bonds were
weak. The general market heavy. Money was
IN good demand, mainly in consequence Of the shift
ing OF loans arising from the operation OF the
japanese government. which hitherto has been
lender in the open market. Discount rates. as a
rule. IN tho foreign capitals strong.
PIG IRON CERTIFICATES-Pi iron certificates
at the New York Produce Exchange IN
changed for regular. Foundry steadier and
more active. There sales Of 100 tons each OF
November and December foundry at SO Is. Prices
for regular were: Cash. September and October.
s1SQsls 20: November SIS So asked December. SIS So
asked; January. February and March. SO asked
Quotations for standard foundry follow: Septsm-
Der. SO 518soO %: October. SIC 5aS0 S5; November.
xS asked: December. SO asked; January. February
and March. SO asked
NEW NEW YORK CENTRAL sTOCK-Direc-
tors OF the New York Central have authorized the
Issuance OF s2s $3.50 OF stock par stOckhold
OF record OF October Is This issue IS part
OF the 100000 authorized last spring. and the
proceeds will be used for expenditures In connec-
ton with the New York City terminal and FOR
equipment.
BIG FOUR" To INCREASE CAPITAI.-A
special meeting OF the stockholders OF the C1eve-
land. Cincinnati. Chicago & ST. Louis has been
called for the purpose OF increasing the common
stock s100ooco. TO 100000 IL is proposed by
the directors 20 the stock from time 10
time for the purpose OF completing the lines OF
the road. improving the equipment and other cor
porate purposes.
DIVIDENDS OBSERVATION-DISCLOSURES have been
declared follows: Cleveland. Cincinnati Chicago
& 81. Louis. regular quarterly IA per cent on the
preferred stock; New York Air Brake Company.
regular quarterly per cent. payable October IS:
New York Central regular quarterly Ia per cent.
payable October Is: Title Guarantee & Trust Com
pany. regular quarterly per cent. payable Sep
TENDER p; National Carbon Company. I per cent,
payable October Is; Westinghouse Electric and
Manufacturing Company. regular quarterly 2h per
cent the preferred stock.
AMERICAN PNEUMATIC STOCK.-Notifcation
has been given TO the Stock Exchange Of an IN
crease IN the capital stock Of the American Pneu-
matte Service Company OF 100000. 70 100000.
preferred stock.
UNITED STATES STEEL COOIMON.-Expiana-
ton offered on the floor OF the exchange for the
weakness in United States Steel common was that
II c. Frick had been marketing a line Of 10000
shares in the last two weeks. This will explain
the refusal OF the issue TO advance IN spite OF
many bull tips which have been in circulation.
MONEY To SAN FRANCISCO.-New York sent
20 San Francisco yesterday $4,000 Sub-Treasury
transfer. representing insurance payments.
ORDERS FOR STEEL RAILS--It IS estimated
that there inquiries IN the market for more
than 2oO0o tons Of steel rails. Manufacturers are
of the opinion that the demand next year will run
far IN excess OF production and that "a a result
there will be pronounced shortage The mills
already far behind IN their deliveries and IL Is
said that 10000 tons calling for delivery the cur
rent year will have TO be carried 70 1901.
WESTINGHOUSE NEW STOCK--It IS learned
from authoritative source that the westIns-
house Electric and Manufacturing Company con-
templates the issue OF stock I'm the distant
future. Just how much will be sold cannot be
learned at the present time. and in fact II Is I'M
derstOOd that the directors have yet determined
upon the amount Of the issue the conditions on
which IL will be sold IL IS probable however, that
IL will be offered 20 shareholders such biss as
90 give them rights OF considerable value.
HEAVY RECEIPTS OF FOREIGN GOLD
The Cunard Line steamer CarInania which ar
rived here yesterday from liverpool had on board
1O4 boxes OF gold coin. valued 100000 consigned
20 Kuhn. Loeb & Co: 40 boxes OF gold coin valued
at fSO54o0. and two boxes Of bar gold valued at
fleSo. consigned to the National City Bank and
twenty-nine boxes Of bar gold and sOvereigns val
ued az 10000. consigned TO order Total valuation
f2.OsS.7Oo The Merchants National Bank has re-
cetved 100000 gold coin from Canada The Ma
tiOnal Bank OF Commerce and the Hanover Ma
tiOnal Bank have deposited with the sub-Treasury
bonds TO the amount OF $4,000 and $500 respec-
lively, TO secure advances against gold inpOrts
making the total aIoOunt far deposited 81 zoo
Good authorities on the money market report that
a very heavy volume OF money Is being forwarded
from this city 20 the Interior the Shipments being
made widely throughout the interior distributing
centres The feature OF the money market is this
heavy outgo 20 tho country and the Increasing
stiffness OF the time money market. which is un-
paper.
LAKE SHORE.