New-York tribune., 1908-08-26

FOREIGN TRaDING-Foreign houses not
factors in the local market while on the London
exchange further weakness in American issues was
reporte1 The general London market showed
firm undertone. and consols were quotably higher
Money was easy at :. Of per cent for call loans.
and discounts somewhat charder. as result
of the continued Continental demand for gold In
the fortnightIJ settlement the contanso rate on
American issues 2L2 per cent JOINT STOCK
hanks made loans TO the Stock Exchange for the
next two week; at per cent Inc carry-oFeF
disclosed considerable stock open for New 1ork
traders operating in the London market
ONTARIO & WESTERNS GOOD EARNINGS
The report OF the New York Ontario & western
for the June quarter and for the fiscal year MAKES
In view of the business depression. remarkably
good showing earnings for the quarter incrcas-
ing slf995S against loss in gross OF tSo42o. and
net for the wear decreasing only $3.50. against
loss in gross of $50 S61. Total gross earnings for
the fiscal year were heavier tn an in any preceding
wear in the history of the company. with the ex-
cention of the year ended June 90 1907. The COM
pany closed the year witt a surplus OF s1.o2O5ss
against cot ISL in the year before and Hlsa.ooo in
1905 The surplus for the last quarter of the year
was larger than in any, preceding corresponding
quarter in the history of the road
RAILROAD EARNINGS IMPROVE.-Gross earn
inrs of twenty-five railroads for the second week OF
August showed a smaller percentage decrease than
those for an. preceding week for some time. Inc
decrease in gross of the twenty-five roads In the
second week of August was equal TO u.ot per cent.
against d decrease equal 10 l22i per cent in the
pTacedine week and one equal to 1871 per cent in
the fourth week in July. In the four weeks ended
with the second week in August the decrease In
gross was equal TO fS 10 per cent In the foui
weeks ended with the first week in August the de-
crease equal to HO2-
TIME MONEY LOWER.-Followng Mondays
reduction of a per cent in hve and six months
money loans were made yesterday IT decline of
u per cent to per cent in four months funds
The bid for sixty-day funds also reduced with
the asking figure unchanged at per cent Ninety
day money was unaltered at 2is421z per cent CaI
money was quoted low y of per cent
DEMAND FOR BARS.-The continued demand
for steel and bars is causing comment In iron
and steel circles. In spite OF the fact that the
season is about there has been little et-up in
the buying Over the last two weeks heavy orders
for steel bars have been placed, and more orders
are pending. The strength OF the situation Is at
ributed to the prosperity of the agricultural dis
tricts Bars used largely in the manufacture
OF agricultural machinery
DIVIDEND DECLARED.-The directors of the
Diamond Match Company has declared the regular
quarterly dividend of 2l2 per cent payable Sep
tember II.
COTTON EXCHANGE SEAT SOI.D.-The second
Cotton Exchange membership of William Ray has
been sold To L. Hubbard for $500.
STANDARD BANK OF SOUTH AFRICA DiNI-
DEND PAYMENT.-The local agent of the Stand
ard Bank OF South Africa received word from the
head office in London yesterday that the board Of
directors had recomme ended half yearly dividend
of per cent II also announced that the bank
had earned forward to profit and loss new account
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