New-York tribune., 1906-07-31
MINING.
1850 Total sales.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses sold up
ward OF 2OOo shares in the local market, their pur
chases being conf ed 90 small amounts In Lon
don Russian bonds md British consols were weak
while the general market was dull, with uniul-
portant movements in prices. Foreign discounts
were unchanged
BRAZIL'S COFFEE vALORIZATION SCHEME.
The Brazilian Valorizaton bill passed the Senate
yesterday. and as the President OF the Brazilian
Republic has signifed his intention to approve il
the measure soon will become law. This scheme
provides rhat the government shah enter the mar
ket as buyer Of coffee whenever the price drops
below certain level. which is said to be between
90 and IS milreis bag An export tax is 70 be levied
on coffee sent from Brazil in order 20 pay interest
on the funds Brazil must raise finance the opera
tion.
IRON SITCATION-Rogers. Brown & Co. say:
Heavy sales at advancing prices characterize the
mistic prophesies OF month ago fan short Of the
volume Of business now assured. Buying persists
the Iron industry that has not more business its
t9 % eyer & before IN Its history Spot iron is
ticaily bare. and in the face OF this production
era sd up sor e rest o she %ea ana are baT M
withdrawn from the market until 1907.
CRUDE AND REFINED PETROLEUM RE-
DUCED.-The market for crude petroleum is weak.
decline OF cents for Pennsylvania and cents for
other grades having been announced. Expectations
have been generally centred in advance owing to
the steadily decreasing production of high grade OIL
in the older fields The only explanation for the break
is the increase In the Illinois yield There was also
a decline Of 10 points in all grades Of refined for
export
PIG IRON CERTIFICATES-Pis Iron certif-
Gates at the New York Produce Exchange were
firm and partly higher. There was q sale OF 100
tons Of October regular az S7 2 Prices regular
follow: Cash and July. SIG 50 bid: August Sl6 s0Q
November, S17GS17 90. Quotations for standard
foundry follow July. s17 80 bid: August. 7 5OGSls:
September. SIT 7Oas1s; October s17 750slS; NOyem-
ber. 81 65QSlS; December. 81 7O@sls.
UNITED STATES STEEL MEETING-The
quarterly meeting OF The directors OF the United
States Steel Corporation will be held to-day. The
regular dividend the preferred stock will be de-
cared and the statement Of earnings for the quar-
ter presented. This statement will SNOW it is be-
lieved. upward of s4O.O00OoO net earnings
MOVEMENT OF MONEY.-The banks lost on
Saturday $4,000. and since Friday last SS1 600 This
compares with a loss in the same time a week ago
OF S1sSO,coo The Sub-Treasury was a creditor az
the Clearing House yesterday morning for s2S511
The local Sub-TreasuFy will disburse tomorrow In
this city interest on the government per cent
bonds approximating s15O0OOO
COTTON EXCHANGE MEMBERS SEEKING
EXTRA HOLIDAYS-The members Of the New
York Cotton Exchange are circulating n petition
asking that the board OF managers set a day on
which TO ballot on the proposition 20 make next
Saturday and Monday holidays. The exchange at
Liverpool will be closed both OF those days.
OMAHA REGULAR DIvIDENDs.-The Chi
cagO. ST. Paul, Minneapolis & Omaha Railway
Company has declared the usual sem-annual dlvi-
dends Of S5a per cent each on the preferred and
common stocks. both payable August 20 to stock
holders OF record August 4.
OHIOS TWO CENT RATE HELPS EARN
INGs.-The records OF the Union Central Station
in Cincinanti show that since the two-cents-a-nle
passenger rate law went into effect the gross re-
ceipts have increased on an average OF 500 a day
CANADIAN PACIFTC'S HEAVY EARNINGS
For the fiscal year ended June 80 gross earnings
OF the Canadian Pacific increased sl.lSTS76. and
net earnings increased S.49S225. Total gross for
the year amounted to 6l6S975S