New-York tribune., 1905-11-28
WALL STREET AND EXCHANGES.

TRADlNCI--FOcelgn
2oO0O shares in the local market all sales In Lon
don there was decline in Russian 4s, due to selling
for Continental account. Copper stocks ruled firm,
and the mining issues were better the mining
settlement proceeding satisfactorily Money
continued easy.
NARKET GOSSIP.-The break in Rock Island
carried these stocks to new low levels There were
runors on the floor that the Moore Brothers were
heavily short of the market, and were trying TO
break the advance by depressing their own stocks
Ranking interests identified with the property
characterize this story absurd and declare that
there is no reason expect the passing of the pre-
ferred dividend. It reported that a trader who
always carries a large interest in the market mad
covered a heavy line of short stock in the morning
American Smelling and Refining opened up "a
oints It is understood that the bull pool in this
stock is still intact On the recent decline those
hack of the advance said to have added 10
their lines and prominent houses received advices
that the short side dangerous. Next to Smelt-
ers the Southern iron issues prominent. Sloss-
sheffield opened up 2a points, and the buying IN 1t
s believed to be for the same interests that put up
Tennessee Coal and Iron Saturday Anal
eamated Copper was taken up early the con-
timed strength of the metal, and in sympathy with
The higher prices for these stocks reported from
London The advance in this stock created a feel
inc that the Standard Oil interests had modified
their views on the market and were inclined 10
favor higher prices. The traction issues were
etrong with Metropolitan the leader, but there
we're no further news developments to account
for the advance Union Pacific was bought mainly
bv traders The talk is that IT VIII oe pushed
across 140 on this movement. 1t Is a matter or
General comment that Southern Pacihc refused 10
f,11ovr the lead of Union. One of the heaviest
huvers of Lead common was Harry Content, who
took over 10000 shares. James X keene Is IN
terested in this movement. according to current
e-,ssir Canadian Pacific displayed considerable
strength The advance is in line with She predic-
tions made by a prominent bull in this sto"X for
some time The buying of the Southern iron issues
was accompanied by a rumor that the interests
associated with Atlantic Coast Line and Louisville
and Nashville intended TO take over these properties
much in the same way that the anthracite rail-
roads control the coal mines. There was selling
of Rock Island common O. every little rally ana
the source of this supply OF stock is a matter or
some concern among the bulls rear or squeeze
II, Tennessee Coal and Iron caused good deal of
tho selling bv traders and the renewed weakness
in Rock Island also had an unfavorable influence.
The heaviest sellers of Rock Island were Raymond,
p,,nc,on & Co. Van Emburgh & Atterbury and
tho traders They seemed to know where the
stock was coming from
NEW JAPANESE LOAN.-Kuhn. Loeb Co,
tho National City Bank and the National Bank of
Commerce in New-York, are offering for public
bsrriuticn at 81 per cent and interest the Ameri-
can norton. amounting TO $4,000 OF the new
Iapanese government per ceAt sterling loan. of
Itch f2s COO are being offered in France, Eng
land Germany and the United States. Subscrip-
lions which will only be received In amounts of
e1o0 and multiples thereof, must be accompanied
nv a check for SO per each i19o bond The second
navrnent OF 50 per tI5O bond Is payable petem Der
ts h,,t with the exception Of these two small pay
r,en : no money is required on subscriptions until
March 90 1906 when the balance Of SessZ per flo1
10 d is payable. This last payment may be made al
the option of the ubs rIeer on Decenoer ls ~ al
discount of per cent per annum- The subscription
books vyI{l omen on Tuesday. November 2.and close
+, on or before December 4
IMPROVEMENTS AT THE MITCHELL MINE