New-York tribune., 1905-11-04
WALL STREET AND EXCHANGES

,,o1urcnr TIP TRADINC.-Foreisn houses dealt IN
.o mn sb.ras In the local market selling 5000 In
London consoIs shade harder and RUSSIAN
bonds recovered a little ground Tne copper slocAs
showed some tendency to rally The mining mar
ket was steady and featureess- Money was IN
fair demand abroad although it seems likely to
ease off little next week, unless the Russian
affair takes some new complication 1he ileas-
ury financing during the month WILL however Keep
rates from falling materially. and there is no pros
pect Of really easy money abroad unCl tns f'us-
sian loan Is safely out Of the way.
MARKET COSSIP.-The Reading movement IN
the early trading was of much the Same character
as that of the preceding day. 1t Is asserted tnat
the Frick and First National Bank holdings are
secured In such a way that they Will not come oD~
while the followers of the bull pool declare tnas
they have all the stock in sight and can pus the
price wherever they want 10. While the rest OF
the market probably suffered from the wild specu-
lation in Reading, Erie benefited. gaining ground
both in London and in this market, and retaining
its advance when other stocks became unssttled
The word has been passed that the same people
intend to advance it when they have finished with
Reading which goes TO substantiate the opinion
held by many active traders that the whole move
ment In the coal stocks is of a purely speculative
character Traders the floor did not treat the
rumor of w. r. Hearst and his friends being
short of Reading seriously. The story has been
current for many months aud has never had any
thing that looked remotely like respectable pack
ing 1t treated joke. One house Whlch
has been borrowing Reading since the STOCK SOLO
at 20 covered 10000 shares Thursday at loss
of fully 80 points. The same house was buyer
altogether of upward of 20.O00 shares some Oh lhe
most active Of the floor traders report that there
are very few shorts left. and that this was lne
account for which the pool was cunning IHe
politicians are a little more confident IN the e4e0
ton outlook and appear to have been buylng SONIC
METROPOLITAN on the prospect of McCiellans re-
thy
who Law more stress on the Mayors independence
are still convinced that the new Board OF Esti-
mate will be friendly to the tracuoh Hl'eleS
One of the most active houses OF the street "I 1
managing partner is member or 1idiui"iS -
has been buying Brooklyn Rapid Transit IN Sol,e
quantity and also took some Metropolitan Ii17
member of the house referred to said tha' ms
friends taking that way Oh oei'ins V,s H
result of the election. Pennsylvania was ~" -
by the heavy selling of A. Upper o. n
considerably exceeded 10000 shares. OtheF ,
deIuhia houses also We're putting out niue So So
on the advance but were thought 10 nave Oou7 ;.
baltimore and Ohio on balance. believing nc
should sympat thize with Reading II: C0ii' lid
sold 25OOo United States Steel common! " T7+b
to be acting for large room trader "O'l ,,arca
ers were principally responsible loi '1
IN Erie, taking 20,O0O shares s
MOVEMENT OF MONEY-The reported lAo
rlents of currency this week lndicItS 4" tad
cash held by the banks of 6SS11oO. Ihey -
from the interior 81. .925 200 and sent 10 'h' -
rior ss4s4 400 including Sl.15O.o0O irahsieli,N
tbrorgb the subTreaslry to New Orleans SlV0V.-
900 so transferred to Chicago, 100000 70 81 t1 o
and ST. 435 goo national bank notes sent 10 "dS-.
ton for redemption. The loss to the Ii''eI - 40.
S. 4es 700 Receipts of new gold were ss.s
namely on New-York Assay once c'e' 80,
soe ON San Francisco Mint checks and 'eies%iapn-s %
transfers s54s 400 and on Seatue Assay Oln JIM
checks sS47 200 Ordinary disbursements ~ Is
sub-Treasury were SIS 109s00 Payments OS 80 80
to the Treasury for customs ihteii. - 100 o00
per cent redemption fund, ETC. were 80 vas
The loss on Sub-Treasury operations l'E l4 srb-
g. I02 200 The total loss to the Interior a. -,
Treasury was 50 17O 900 DelUcting ftsh inns - -
gain by new gold Of s2.559,20o the hs' 'O9s
81, ,S31. 700. The net loss to the ih'ei'o
largest. with two exceptions, for any
since the crop movement began HE siVO
of the money was sent TO The South anu -
direct shipments being somewhat larger 'N'. -.,.b
transfers through the sub-TreasuFy' L.
amounted together TO 81. .350,00o- There "eLo
shipments of something $2,0Oe.V9o 70 DVs. 80.
while receipts were chiefly from nearby "i'd - -
ern cities although some srlaA ain'
from the West cover exchange.
POSSIBLE WITHDRAWAL OF JAFA-'i
FUNDs.-"The Wall Street journal says
7, Is expected in London that the japanese gosgy
Will be Withdrawn from New ofn e5sSs To- - balance
tn british tfe2sd eo de less rernttanees that M
have been made since final pay aeh NH s,ihect 70
cheek and may be Withdraw any mb msb6gEe alE q
Londs were issued at the fixed raie ot 4, g,,,ld he
4sT aad 1t is unlikely that INC pr ss4erng above
transferred Europe win dei2ah1 ,nis sh0.i
that rate unless extraordinary sgess moaey 2
Ia ofrsred II remittance OF JaleahsssSS hclou Isl
Yondnn is made only with sight sterlils S,,t S ard
thera will be no gold exported on th,it 6sIpg made
the money viii remain here payImnea, m a,rgrhSnlise
With The proceeds of our exports oi 'He -
NEW RAILWAY EQUIPMENT oiNL'L.'ss. o-,i. r-.,.rs as
Railroad Gazette" regor;s rev ega2';e'i'
follows: = o-a~rsG 40
Southern pacific IL is rep0rte4i ,naa nas md Fia-I
l,corrotfyas. the New-York New snSic type
rord IN is reported has ordered iV -A1