New-York tribune., 1905-11-14
MINING STOCKS.
WALL STREET AND EXCHANGES.

i4SUSNS
$4,000 shares in the local market, all purchases.
In London consols were steady, after heavy
opening but Russian bonds We're depressed at es72'
a decline of u per cent. The mining market was
rather weak and copper stocks were heavy ION
don was busy with the first day of the fortnlshty
settlement Bankers charged the unexpectedly
high rate Of AZ per cent for Stock Exchange leans
It had been hoped Saturday that per cent
would be the figure, but the banks are evidently
making up for the light interest rates Of the sum
mer Contangoes were per cent in the American
market but ruled lighter elsewhere. The Paris
Bourse was heavy and quotably lower. Berlin
closed weak
MARKET GOSSIP.-Throughout the first hour or
so the feature of the market the concentrated
attack upon pool stocks Reading was hammered
vigorously and successfully and number OF others
recently conspicuous for syndicate operations were
weak. London gave some support and there was
covering of shorts in places. American Locomo-
tive another pool stock which suffered Ilere
has been some disintegration among number of
operators in prominent brokerage houses who have
hitherto co-operated on the bull side. Some OF the
Pressed Steel Car bought in the same quarters was
also unloaded and the railroad equipment issues
generally acted badly. Charles G. Gates & Co.
gave fair support in the market, buying a fair
amount of stock openly round the room On the
other hand Upper & Co., who have been conspicu-
Gus on the long side for time past. we're sell
ing quite freely in Amagamated Copper Erie,
Southern Railway and other active stocks. Con-
solidated Gas noticeably weak and influenced
by the inquiry Of the State gas commission. Union
Pacific met with uniformly good support even when
other stocks decidedly weak c. B. Mcdonald
has been buying the stock In the last few days The
idea seems to be that the Pine-st. people were
content to check the recent advance without de-
string any severe recession Active traders like j.
]. Manning, A A. Housman and Van Emburgh &
Atterbury put in to bid for Smelters. but the
rally did not look very impressive. There long
stock Forthcoming. In spite of the fact that Gug-
genheim brokers were used to support Parkinson
& Burr were the most conspicuous sellers of Iis-
souri, Pacific. There was rather poor market for
the stock and disappointing evidence Of support
from the Gould brokers.
GOLD IMPORT PROSPECTS-Some banking
thorites in London already beginning to talk
of the possibility OF gold exports to New-York.
There has, however, been no inquiry in the open
market traceable to American account Gold to the
amount OF Fl 100000 is the way from India The
fact that It has not been intercepted for Egypt is
satisfactory sign although 1t is expected that it will
be earmarked in the Bank OF England for the pur-
poses OF the Indian government. The Paris check
is lower than it was when gold last imported.
and an advance will have to take place before gold
can be brought in proftaby at yesterdays foreign
exchange rate.
REPUBLIC IRON AND s1EEL4-According to
the list Of officers given in the last annual re-
port of the Republic Iron and Steel Company. E.
N Oh has resigned a vice-president- Charles
Hart, manager of the company's plant in Youngs-
town. and G. Watson French have been made vice
presidents, making total of six vice-presidents-
E. N Oil is securing options the stock of
the La Belle Steel Company. The executive COM
mittee is composed entirely Of members
Charles S. Guthrie Samuel G. Cooper, John w.
Gates Leonard G. Hanna and Grant B. Schley.
MONEY IN SIGHT.-Considerable amounts OF
money were lent the Stock Exchange out Of
bank balances of individuals and firms not con-
nected with Wall Street. Large amounts of money
are being sent to New-YoIk from nearby and
Eastern cities to be put out at the present rates
of call money. The situation will be relieved
much In this manner. and the longer the high
rate continues the larger will be the rernitta1ces
to New-York by interior banks.
ROCK ISLAND EARNINGS.-B. F. Winchel,
president of the Rock Island, says "Our earnings
are comparing with tie heaviest period of the St.
Louis Exposition last year. For this reason the
October report may not show up better than Sep
tember but the November report will be good
one I'VE could several thousand more
If we had them. and the movement will be OF
record breaking character for many months
ST PAULS HEAVY TRAFFIC.-G. w. Nc
Kenna vice-p sident of the st. Paul. fhat
current traffic is largely in excess of year ago.
and that he cannot see any change IN prosper
fer many months
CALI. MONEY HIGHEST SINCE 19o2.-The max
irnun rate of % per cent for call money reached
yesterday is the highest for the year 1t compares
per 1s03 of 50 per cent in 1902 OF 70 per cent
reached on May 8. 1901 and of 25 per cent reached
500 EARNINGS NEUTRALITY-SUSPICIOUS. of
the Minneapolis st. Paul and Sault Ste Marie for
the week in November show gain or 81, TSo,
making from July gain of sl.l2S i3s comparison
being made with the same time n year ago
STATEMENT OF NON-MEMBER BANKS