New-York tribune., 1905-12-19
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
1900 shares in the local market selling 5000. In
London heavy selling reported for Continental
account, owing to the stringency of money in Bsr-
lin The Paris Bourse was irregular and generally
lower with considerable pressure in Russian bonds
and French rentes
MARKET GCssIP.-On the rally in An1algamated
Conner Hooley Ilearnard & Co and other Boston
houses were selling the stock rather freely. P ].
C3oodhart 6; Co.'S buying of American Sugar was
considered good and found II respectable following.
Trenn Brothers and other traders sold Erie rather
freely and seemed be looking for soft spots.
Charles G. Gates Co heavy sellers of Anal
samated Copper and United States Steel, while
Upper & Co. sold 5000 Amalgamated Copper, ard
Halle & Stiegltz were also represented in quantity
on the same side. These all houses which have
been prominent in the bull campaign of the last
three months. Some of the heaviest Of the selling
since Thursday has come from house which had
intimate relations with J. r. Walsh, the Chicago
fnancier Well posted banking authorities, how
ever say that New-York is little affected by the
position of Walsh or the banks he controls. Iie
recovery in Tennessee Coal and Iron a striking
development, In view of the depression elsewhere.
There was an extreme rally of Z points from the
low figure. This would confirm the view of the
traders that shorts still remain be covered.
while all important interests have gone into the
proposed merger. Charles G. Gates & Co. did some
thing to rally Southern Pacific The stock has re
Gently been popular short sale. One extensive
holder sold the common stock and bought the pre-
be retired for indefinite time to come AT the
close the market firm, retaining its rally re-
nlsrkably we'll. There was rather more courageous
Kidding for one two pool stocks, Ike Colorado
Fuel which showed nervousness in the early
trading. There was, however. plenty OF stock IN
the market, according traders who bought at
the close New-York Central acted better than
might have been expected. in view of the character
of some OF the recent trading in it. Its principal
strength during the day was due 10 the purchase
share bV Provost Brothers,
bought the rights corresponding amount Ar
btrage houses for the most part sold stock over
night. expecting to get 1t back cheaper In London
before our opening. In view of the uncertainty Of
the money market there, they did not think that
any local buying of our stocks was at all likely to
develop
GOLD EXPORTS-while there engage
ments for gold for export. there were inquiries at
the Assay Office regarding the amount Of gold
bars hand The advance in sterling and the
withdrawal by Paris of funds from London. the
latter resulting in decline in the Paris rate of
exchange London to 25 francs 10 centines. make
possible shipments of gold at the present exchange
level providing interest Is paid the metal while
the gold is in transit. The price of bar gold In
London advanced yesterday TO a price 214d above
the price at which the Bank OF England IS obliged
TO buy all the gold offered and y above the mint
price of sovereigns
certificates opened steady shade higher
Foundry grade was steady and about unchanged
There sales. Quotations for regular on
the first call follow: Cash and December SIG e
asked; January s16 s5 asked: February. SIS ela
1855: March s16 75aS7 O5; April. SIS 1851 q;
May and June. 81 . asked. Prices for foundry on
the first call Cash 81 q asked December
~ asked January. s17 10 asked; February. SIS 7Sa
81 10; March. SIS 7SdH7 %: April and May. SIS soa
~. z5 June s17 % asked on the second call res,,-
lar and foundry dull steady. There
we're no sales Closing prices for regular follow
December. SIC 20 asked: January. sis O@sie Is;