New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-22
MINING STOCKS.
WALL STREET AND EXCHANGES

FOREIGN TRADING-About 5000 shares were
traded in for London account foreign houses buy
ing about 5000 shares on balance The principal
transactions were in Canadian Pacific, Union Pa
cifc ST Paul and Baltimore and Ohio American
stocks in London showed some irresularity. but
advances predominated and extended IN some
cases to q per cent. Consols were hrner and
the general market was cheerful. Considerations
affecting the issue of treasury bills decided against
an advance in the Bank Of England rate. and this
had a favorable influence upon the market Ths
Continental bourses were quiet but firm.
MARKET GOSSIP.-Reading active and
higher on buying OF much the same kind that
of Wednesday. Most of the room shorts are Gov
cred but it is said there is outside short IN
terest. There is not so far much disposition among
the commission houses TO follow the advance. The
strength In the Metropolitan issues was Of the
features of the early trading. The connection with
the Public Service Corporation Of New-Jersey IN
dcated in the North River tunnel plan was re-
Earded as a bull argument. 1t Is said also that
a powerful real estate pool has been formed among
important holders of Metropolitan Securities TO ex
plot the route of the new subway TO The Bronx
St Paul responded promptly 10 the advance re-
corded in London. The stock seems TO act well
and naturally. and is scarce from time 70 tine IN
the loan crowd. There seems no particular need
To revive the old tale of issue OF the treasury
stock to provide funds to build to the coast Such
an attitude toward other roads would not be
bull argument even if there were rights on the
new issue There seems little doubt that the Nor
-.,, ,r+arast sees no objection to advance and
&c belnine opera tons to that end It is said on
the other hand that National City Bank and Kuhn
Loeb interests. while equally bullish for a long
null are by no means assured OF the market
rrosnects in the immediate future. Some OF the
selling seemed to come from these sources. The
buving of Amalgamated Copper was by Hooiey.
Tearuard & Co, F. W. Savin & Co and Horn
blower & Weeks. These houses have all been cor
spicuous on the selling side at different times IN
the last two months and tradeys considered their
buying significant. There is probably sun con-
siderable short interest in Boston and elsewhere
Wolf Brothers who were the prnclpal seue'9
earlier in the week. sold freely round the room on
the midday strength. G. 3. Buchanan also was
noticeabIy heavy seller The buying was much
of the same character as on Wednesday. with G
& Macdonald again prominent in Union Pacinc
and United States Steel Strong. Sturgis q Co.
g G. Gates & Co. and other houses associated with
the recent advance in Reading we're open sellers
of that stock At the close Louisville was the
,-o,eest stock on the list and the rest OF the
Market only active in spots A bet was made on
the floor Of 5000 to 5000 the long end taking
the nosftiou that St. Paul would sell az 500 this
oar I,adenburg Thalmann & Co. seemed 20
have pIentv of Southern Railway for sale on the
afternoon advance.
AMERICAN WOOLLEN DINIDEND-The IL
o.+orz of the American Woollen Company have de-
o,ared tho regular quarterly dividend of - per
cont on the preferred stock payable October 10 10
Stockholders of record the close Of business
,,.ora- The now issue of 100000 participates
bar ? and will be reOpened October IL: MS
makes the twenty-sixth consecutive quarterly az
dend paid by the company on Its preferred stolH
amounting to SO % share. or S.iS'.7Vi III ths as