New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-17

FOREIGN TRADISG-ForeiEn houses we're not
active factors IN the local market In London
copper stocks We're hrncer. and the general market
was steady. There was no feature in Copsols or
foreign bonds. There was no disposition to trade
OF the curb after The close Of the market. Money
was IN fair demand, there is not enough bust
ness thai way a Saturday to give trustworthy
indications. America is expected TO take the gold
offering in the open market next week, which
should he about 100000 and this may easily
harden rates little There are. however. no spe-
CiaI demands before the end Of the month.
MARKET GOSSIP.-No attention was paid 70
the lower quotation for Wabash common and pre-
ferred IN London The market there has been al
most nominal for some time past and if there Is
any competitive buying fer control the foreign
holdings would probably Tot make much difference
Compared to a number Of other stocks there was q
good trading market Tor the United States Steel
issues and particularly the common Houses ore--
ating FOR trade interests are bulllsh, but admit
that they are not buying for an advance in the
next few days Missouri Pacific was fairly well
taken care Of. It's activity IN the market is Of
course ascribed the fact that the Could market
interests in new hands. Montreal seems 70 be
in the market for Canadian Pacific again after
leaving the stock 70 the New York-London pool
for some tine past They did not take part in the
recent advance. but were not caught in the rea2-
ton. Buying orders in Rubber seemed 10 be given
our among a number Of active traders. and the
source is therefore difficult TO trace although the
BenedIct-Brady pool gets the credit for the move.
The expected dividend the common stock is.
Of course. the bull argument The most n0tewor-
thy purchase IN United States Steel was by Post
& FIagg who took 900 shares. They have bought
q good deal OF the stock lately. Some attention
was attracted 70 DuIuth-South Shore. which was
strong or a little buying for Canadian account
There seem 10 have been some shorts in Canadian
Pacific mostly among traders on the floor, and
these were driven in with considerable success. Il
e claimed that STANDARD on houses had bought
round the room and noticeabIy IN Steel common.
Some Of these houses undoubtedly had & very fair
idea Of what the bank statement would show
BIG OFFER FOR CANADIAN PACIFIC
LANDS-A dispatch from Winnipeg says that
so 6a 90 for Il 600 go acres was the tempting offer
rejected by the Canadian Pacific Railroad yester-
day A proposition TO buy at this figure was made
By q syndicate Of American and English capital
ts-E who desired the land for colonization. but
when the offer came before the board Of directors
Il was turned down by q narrow margin. a small
majority thinking it better TO hold the land on &C
count OF the rise in farm lands brought ABOUT y
the phenomenal crop returns now coming IN from
81 parts Of the Canadian Northwest somehow
fact that the offer had been made leaked out.
with the result that stock began To soar on &C
count Of buying by local and English parties ana.
although the offer been rejected the stock con-
unues rise IL being expected the directors or the
company will reconsider the offer next week. when
they come together the Pacific Coast The land
IS that part OF the government grant made 10 the
company for building lines which has not been
sold. and includes soma OF the best and some Of
the worst in the Northwest.
PIG IRON CERTIFICA TE5.-Pfg iron certificates
were decidedly more active and firm. There were
sales Of 100 tons Of cash SIS S5. go tons Of
February al g5 e. and 80 tons Of March at g15 S.
al regular. Foundry also firm. but queter
Quotations FOR regular the call were as foIo,rss
Cast S150EI5 20; September SIS ZraSl5 So October
ss 55@eF-5 60; November. Sl5 4ogS15 %: December.
IS 5qss@15 S.; January. Sc sGQ5l5 &c; February.
s5 50@S1s March SIS 7oQ3EIS Prices FOR foundry on
Cal were: September So p bid: October SIS 35
Gz=- q. November s15 s5G{l5 50: December SO 400
80 s.; January, Sc 53gSl6 %: February SIS 59aS6 I5
March Sc 90 Did.
FOREIGN EXCHANGE CONDITIONS. &C.
Schumacher & Co say:
The supply Of commercial bills has Increased
materially, and We may expect much larger offer
ing from now on Some OF the largest cotton Shin
pers IN The country do not care 10 handle cotton
Until there IS a liberal supply Of the staple be-
cause there Is more less risk IN early
Europe does not seem 10 be buying cotton as lib
orally as IN previous years. and unless the cotton
HiaEEer should break, would not be surprised TO
See E1}s staple move very slowly this season.
7La-Rs offerings OF grain bills have been made for
oelFe-y from December to May, and all Indications
pant 10 large exports q corn and wheat this year
a looks though exchange would remain ex-
Ier4eIy low until after all crops harvested
u another factor working in favor 81 lower ex-
Change.
THE COTTON MOyEAEEET-Accordlng to THE