New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
9o 600 shares in the local market mostly purchases
In London consols were steady and forelsn OoIluS
unchanged Copper stocks were hrmer. To-day
beinq the monthly settlement for consols transac-
lions therA are now for the account ending Novern-
her 2 Money was in fair demand IN Lonoon al
though 1t seems probable that in this respect Lon
don has seen about the high point for money rates
except for an casional demand created by some
special and transient influences. Ihere shouo %
h,. 60 mn mn IN the open market IN London "hlch
we are likely to secure although competition from
soma other quarter may easily force US to bid up
for it.
MARKET GOssIP-LazeIle. Mathews & Co. who
were among the heavy sellers last week. particu-
1orlx, NJ Union Pacific and United States steel
were good buyers of Southern Pacific. Specialists
reported that there seemed to be htte FNeaolAs III
the market Word was passed around aIlioiis
active houses with good following that INC INV
n,ent in Southern Pacific had run about as Tar as
bod baan Intended Jacob Field however, was
still nrorninent in the advance OF the STOCK Inc
check both in that stock and Union Paclnc appe9teo
tn come from Pine-st distribution stanoaro vi
biDe ar present IS more talked about than trace
able Such stocks Metropolitan Brooklyn FNaRIu
Transit and Consolidated Gas are being closely
scrutinized at present by the active traders. Inc
theory is that one other OF these viii De taken III
hand for the benefit Of the politicians VINO are not
likely TO have to worry about margins Oplli4oiS
rs+bAr favor Metropolitan the selected reward
+ +Ia strength in Consolidated Gas IS interesting
IN this connection James p Keene Is said 70 nave
been buying stocks round the rooms for week OF
more and is credited with taking on a. suostanuaI
line especially of the Morgan stocks with an eye
70 @ big market movement nearer the enc OF tIe
wear Among the commission houses tne Amos
uniformly bulIish sentiment IS noteworthy MOST
Of them say their neighbors are not carrying nucH
but admit that they carrying some STOCK theli-
selves The only bears seem to be people WHO eie
b,,1Itsh for long pull and would like break IN the
oLr1Y stock A
Of houses recently conspicuous in the selling on
strong spots were buyers throughout the oa!' Ai,9
was noticeably the case with Nolt 6roIhers' VINO
were among the most important buyers of United
States Steel and also Influenced good deal OF the
afternoon strength in Amalgarated copper AT
bitrage houses bought moderately az the close ex-
pecting some response from London to the strength
developed here. They report that market rather
sold out except perhaps in the Canadian issues
where there is still large and aggressive bull &C
count.
SUGAR PRICES LOWERING price Of refined
sugars has been reduced 10 points to the basis OF
40 net. less per cent for cash by the American
Sugar Refining Company and b H. Howell & son.
and 10 points by the Federal Sugar Refining Com
pany to the basis of net less cent for cash
Arbuckle Brothers made no change, adhering to
their former rate OF 40 net. less per cent for
cash
ATCHIsoN. TOPEKA AND SANTA FE.- E. P.
Ripley president of the Atchison, says:
The floods in the SoutnWesI VII 6f6er V tie
situation is unchanged on our lines Tonnage IS
heavy and there is no reason 10 look for a decline.
We had no trouble from floods in September last
year
STRICKEN FROM LIST.-The following securi
ties have been stricken from the Stock Exchange
list: Southern Pacific Railroad Company Of Cali
fornia first mortgage per cent bonds. series B.
Of 1895 Cincinnati, Hamilton and Dayton consol-
dated sinking fund per cent bonds of 1905.
DETROIT AND MACKINAC LAND GRANT
BONDS-The usual serni-annual dividend interest
of 81 per cent will be paid on Detroit and Mack
mac Land Grant bonds October g. This is the
rate Of interest paid six months ago and year ago.
GOLD IMPORTS.-The National City Bank has
engaged for import $S.3OOOOO. According to cable
dispatches there will upward of 100000 avail
able IN the London market this week for export
to this country