New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-The purchases in this
market for London account were about 5000 shares.
a large business for a Saturday. American stocks
in London closed firm at general advance of 4
per cent to q per cent The market seemed pretty
well sold out. Consols were quiet and there was
no feature in foreign bonds. Copper stocks
heavy but the mining department acted well The
volume of business all around was light
MARKET CONSTIPATION Pacific opened higher
on the advance in the stock in London. Arbitrage
houses were buying a little. II seems sold out
on both sides of the Atlantic Specialists think
that a new low level would be established
TO bring out any more long stock London Is
picking up Missouri. Kansas and Texas preferred
again. probably for Amsterdam The action on
the dividend seems to be confidently expected. The
Morgan stocks still well supported 5 any
thing the list The buying in the Steel issues.
particularly the common, is apparently in the nat
of accumulation II apparently neces-
sary peg Amalganated Copper around So, indicat-
ing that there still pressure from the
Boston bear crowd. Some Of the best known
Standard Oil houses however, were buying the
stock and there plenty OF the traders who
think that it might be rather dangerous short
sale. The wire houses decidedly bullish The
best support In American Smelling from q.
9. Greenway, who took about 5000 shares. This
was new buying TO the traders, who hesitated to
sell short and wasted good deal Of time guessing
the source of the order. Missouri Pacific acted
rather better than the Gould stocks generally act
when the rest Of the market is uneasy. This
group is unpopular present that it Is likely
that sufficient bear account has been created to
support the price when greater favorites go down.
Canadian Pacific made good showing, mainly
buying for London which is probably a reflection
of Berlin buying there. This disposition of the
German holders to get in again has been a feature
lately, and has acquired impetus since the
announcement of peace
THE COTTON OBSERVATION-DISCLOSURES TO The
Financial Chronicle" the total receipts cotton
for the week ended September ? reached 1893
bales, against 5S,13s bales in the previous week
60.GS bales in the week before that. making the
total receipts since September l. 1904 17S 900 bales
against 22S2o0o bales for the period of 1903 o.
showing decrease since September 1904 of 5.5O4-
600 bales.
CHICAGO AND NORTHWESTERN DIVIDEND.
The directors of the Chicago and Northwestern
Railway Company have declared the regular quar-
terly dividend OF per cent on the preferred stock
payable October 2
NEW RAILWAY EQUIPMENT Railroad
Gazette" reports the following new railway equip
ment orders: The Toledo. ST Louis and Western
has ordered fifteen simple consolidation ESQ
locomotives from the American Locomotive Works
The Pullman Company has asked for prices
material for 1000 cars The Central Railroad OF
New-Jersey is asking for bids fifty all steel hop
per ore cars. The Havana Central (electricp has
ordered thirty cars from the WATSON Manufacturing
Company. The Southern is reported as being i'm
,he market for 1,5ON fat cars of 100 600 not,D5e
Hart convertible cars from the Rodger Ballast car
Company. The Nashville. Chattanooga and 81
Louis has just completed at its own shops Ion,
standard hat bottom coal of 600 pounds
capacity The Muncie ard Portland Traction Com
pany, II Portland, Ind, ordered ten messenger
cars from the Cincinnati Car Company The Sea
board Air Line has ordered 500 plain box cars and
SEQ ventilated box cars OF 10000 pounds capactv
from The Western Steel Car and Foundry Company
instead Of from the American Car and Foundry
Company. as reported.
BANK CLEARINGs-The total bank c!earinss
Of all the clearing houses OF the United Stases r
the week ended September have been S2.i725sO so
against &.ho9l5,454 in the preceding week and
~SbSuboo9 for the corresponding week last year
PIG IRON QUOTATIONS-The market for both
regular and foundry iron certihcaes at the Produce
lNehanse opened dun and feature!ess. with nr ces
easier InsFe were no sales. quotations ul ne
call were as follows; Regular-Cash anu Sc ITEM
Der N5qslo %; October, SIS l0aSl5 60: November
SO Zo3Sio %. December. SIS 2oGl$la 20; February
SO 25PSl5 10 Forndry-september and October.
NoGSl5 so November and December, SIS 9G$l5 80.
February. So 50Q$15 IS
r. l. Peck has been elected director OF he
Guardian Trust Company. Mr.. Peck il President