New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-30
MINING STOCKS.
wA11, STREET AND EXCHANGES.

WALL STREET AND EXCHANGES
FOREIGN TRADING.-Foreign houses oeall ~
less than 10000 shares in the local market Seli5 ~
balance In London consols were sIeduS anu
was no feature in the foreign oond hs'' ~ -
,,.-trnent was quiet and the copper STOCKS "7'9
.oI1,, inactive and featureless. Business III al
5n.r+rnen+s in London seems to have come u
standstiu until definite assurance can DC -
the 4 nor cent bank rate will be eHe'uFe' an
arca 10 expected in Berlin possibly on AloiuaS
b,,t there are no indications so far uIlat ais
,,od mon IN take special precautions TO proIect
I'D reeerves There seems to be some movement
to reduce the speculative bull account op7'
New-York in London :
MARKET GOSSIP.-Talk Of Sout'eth Fa'i"'
s+iI buIish. although banking interests associated
~ 80 n-onerty are understood to discourage
,an,,1a+ion founded on an early dividend dec4a'"
tion Some houses usually well lntoIlne" Ny
nothing Of the kind before next sp''hs a.
or1iae+ The Chesapeake and Ohio movement j.
based on dividend prospects anu PIC , 60
some foundation of truth. chances st'oie''
an advance In the Norfolk and Western rate 10 1t
4 rer cent basis in the near future WINE II s7' '
rea sonabIe to expect Chesapeake anu o''o ="
n1ared on per cent basis IN 1NoNe''ioei' !"
- the rather more liberal policy developed lats'y
~ parsr1vania control and the earnings
,ot would make such a declaration conservative
vagr1e r7n1ors were current, but not tacts"'e ~
snv trustworthy source. of a coholhed IaIu VI M
near future on all the stocks in when Dun l"'''
LpOy q
f course that there will be no better oppoi
49,, neriod of stiff money rates, when the banks
nav feel Obliged to protect themselves Hrst ana the
syndicates afterward ..
Wolf Brothers. who were among Tue ''70 w.
golfers last week. bought stocks around the room
some of the recent selling, especially IN Culleo
states steel Union Pacific and even BROOKLYN
Rapid Transit Is ascribed to a very much oFei
advertised Boston operator. Iazele. Ma.ne"s u
90 Who were uoticeably heavy sellers OF INV"
states Steel on THURSDAY and checked the at'eIlpI
to rally that stock, sold 5000 Union Fa'lle vi '9
Arst hour The support Of the Pennsylvania group
was uniformly good, and except in one issue I7lu'
conveys the idea Of support at all Edward sweet
& Co bought 5000 Pennsylvania and other houses
Of equal standing have been picking up the STOCK
This &c not buving likely to be Influenced by six
weeks firm money rates. 7. r. WilGston n 20
we're sellers of Erie probably TO the extent or more
than 5000 shares. The buying Of Reading SECONDS
was accompanied by rhe usual rumor of the retire
ment Of the Issue against equal parts OF common
and first preferred The permanent establishment
of Railway Steel Spring common on a per cent
basis fully explained the early movement In thst
stock The buying was all by houses supposed 10
be I'm touch with the management or tradeTs Io'-
lowing their lead.
ERTE,s sTEFT. CARs-That Fries new steel
mail car appeals strikingIy to postal employees IS
shown by a recent action of the Spokane '"ash1
Branch Railway Mail Association the aSsocla-
tion has most strongly indorsed the action or the
Erie Railroad in prOVldlnS a car lIidt win anu q
measurable degree of safety to the mail clerks
The resolution adopted September !. 1905, follows;
Whereas The Erie Railroad Company has had
built for its lines a new type OF all steer
Whereas. The use of such mail car. by reason Of
its superior strength and no-t I'M i 10 0G 1,f and
eIIing in charge Of the mails and minimize the dan
ger Of loss and destruction of the mails in case of
accident or fire: now therefore be II 49,, o., NJ;
sion railway Mail Service, to the national Conyen-
tion of the Railway MAJ aSsocau ser re 5 ns
age nv that body of a resolution commencing the
an an all steel mail car thereby showing its hui
name and progressive sprit IN d9rser &
ing the mails of the United states ana the pe'S''s
in charge of the same.
CURRENCY MOVEMENT reported
roents Of currency this week indicate loss in cash
held bv the banks of Ss1S2,20o They received from
the interior S5o19o and sent to the interior Sh922
zoo Of which there was transferred through the
sub-Treasury 100000 to New Orleans. $4,000 10 St
Louis and s1.5S900o national bank notes were sent
to washington for redemption. The loss 10 the in
terror was 81 9O3 200. Receipts of new sold
s. $50 500 namely, on importation S931oH. on New
York assay Office checks for domestic gold $7461oo.
on San Francisco mint checks $780, Seattle
ASSAY office checks S676,6oo Ordinary disbursements
by the Sub-Treasury were $15.O1S,4OO Payments by
banks to the Sub-Treasury for customs. internal
revenue. per cent redemption fund, etc, We're
500 Coz. 600 The loss on Sub-Treasury operations
and Sub-Treasury was $10,53s 500. Deducting the
gain by new gold of S2357.6OO. the net loss was
S. 1s2 100 Receipts from the interior were nearly
81 larger than in either of the last two weeks:
the increase was due shipments of currency from
nearby cities take advantage of the higher rates
of call money. Shipments to the Interior were the
smallest since the week ended August IL. The in
terror banks will not withdraw their deposits unless
absolutely necessary for at home so long as
they can get more than per cent call here.
RUMoRED PRESSURE ON CANADIAN PA
CIFIC DENIED.-Investment interests IN Canadian
Pacific deny that the weakness I'm that stock to-
day was due as has been reported in some quarters
in Wall Street. 10 pressure by London bankers
the bull pool" These interests assert that this
statement Is absolutely untrue. and declare that
no pool IN the stock exists. either in London
New-York Attention is called to the fact that the
carry-over rate on Canadian Pacific AT the London
fortnightIy settlement this week 4I3 per cent.
and in some cases 'even" indicating that
large bear account outstanding
GRAIN EXPORTS-'B radstreets'' reports the
exports OF wheat. including -four. for the week at
2O649S2 bushels. against 217s.42S last week and
11s22ss last year. Since July l. lS0267SS bushels.
against 17.4437ss. corn. 1.2l2s9e bushels. against
272 4a6 last week and 7Oos63 last year Since July
!. I4S44O2s bushels. against 76S7,SSl-
LACKAwANNA's SUMMER TRAVEL. Though