New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-27

FOREIGN TRADING--Foreign houses dejlt II
coco shares in the local market, evenly divided
In London consols were a shade frrner and foreign
bonds were hard. Copper stocks noticeably
strong. The general market was steady. with
light volume of business. London busy with
the first day Of the settlement, and trading there
fore to extent restricted. Money was
sitter and the contangoes American stocks were
substantially higher than at the last settlement
The tone was conservative, with general feeling
that the volume of business would not increase
until the question Of advance in the. Bank rate
vas settled
MARKET cossIP.-The principal buying in
T7rookIvn Rapid Transit was by Flower & Co.
Edward Sweet &c Co. and Post & Flagg. Traders
consider this good buying and followed the leao
very willingly. The traction stocks are being close
" watched just now the idea that one or the
other of them will be taken I'D in order to take
care of prominent politicians likely be useful
the municipal election. The only rUmors current
on the advance i'll the Chicago Union Traction is
sues were to the effect that working understand
ing with the municipality was increasingly p-ob-
able Buying orders were executed by d. Bacon
and other traders. One of the stories current on
the advance in Brooklyn Rapid Transit is that the
Widener- Ekins combination IS buying stock ITO
purchase of some 1000 shares of Steel common By
Wolf Brothers attracted some attention as the
house in question was very active the selling Of
stocks in that ard other issues last week. London
was again buyer Of Steel common. which makes
the purchases for foreign account VITA those Us
Saturday and Monday substantial item me ouI
ing seems irrespective OF the general Market trend
and so far as London is concerned has no" eAIehu-
ed to the preferred stock, In spite OF some cary
selling bv G / Hudson & CO. and Charles G. Gates
&. Co United States Steel common acted renlaIh-
ab,v we'll There has been a natural market ior II
for long time past, with no indication oL illSii
lation in either direction There seems fair eVl-
deuce that the Morgan following continues 70 d'-
c,,r7,11ate and is expecting move on the eaI'l'sS
for the September quarter Stocks WIilcn I'zfS -
GENTLY been bulled revival OF ola ruilois ~
St Paul and Louisville, were inclined 70 sen W
This is in line with the helief among lile ret
mat the Western element has been taxing plo4i's
~, its bu1l commitments. The strongest DuSHle /"
Reading was by f. Meyer, jr.. VINO Is
credited with executing orders Tor d l''i g
associated with one of the most poMeiiui - -
foreign houses. strong. sturgs & Co were ais'
buyers o. % tho load
COPPER TRADE OUTLOOk-One OF the 90
4 r,,o+a1 selling agencies in New-Nork expresses
the opnion that the copper producers II.
receive an average of 15ie cents ioI 'Hei' - -
\ leading copper factor in New-lor say 80 -
Is not strange that the market ioF t'''
,,+o+ for everybody has filed requirements lol 90
time being There is no reason lo' aug 80
take :; bearish position On coPPs'' Io - 10
nearby copper is scarce there IS no re''So' ~ -
bearish the metal ..,-,.+ Of gold
i3 ~ the National City Bank. about Sl'oooo.',
&c dra to arrive to-day by the l-uc'lh'a' I
ea,. mat the advance in exchange l''lNS -
.,rearenents OF gold for import lml'ooa'i' -
present NOV .-,, sI,sr., nd
- :; tr, c,ica&o Union Traction issues III '''t
- cazv DAYS ana particularly E'SteEuA' 10 -
"a ra,.a been due largely 70 4 'e<l'l%d,'O" "
Fact that if municipal ownership "t t''s -
.r,:as IN chicago becomes a reality. Shs "n',e
I'M hs on = practical and not on a 50 '''-
;.., ,s4s TIE leading interests in the 'he'E2
,r,,ir.,n pyo;cl,y haze NO anxiety win "a