New-York tribune., 1905-08-22
WALL. STREET AND EXCHANGES

FOREIGN IRA ADINC5--Foreign hOuse7 sold Iad90
shares on balance in the local market IN London
consoIs were steady and foreign bonds showed 10
anxiety as 10 the peace prospects Copper stocks
were easier and the mining department quiet
Money continues fairly easy abroad. but shows
some slight hardening. and rates may be expected
to average higher from now forward There is how
ever. no reason why the Bank OF England should
make the usual fall advance in its discount rate
before the middle Of September The Paris Bourss
was quiet but firm Berlin showed considerable
strength
MARKET GOSSIP-London had a strong bull
point on Missouri. Kansas and Texas, with a rlrnor
that the property was 10 be taken over 6y some
other system. There have been reports 70 the eneG
that the Dutch control was not as complete as Il
had been current for some time past Nobody be
ueves the story Of a corner in Reading common,
but the pool seems 70 have II well in hand and IS
still able 10 dictate market movements The move
ent in Wisconsin Central is said 70 have its origin
in the buying Of some important Boston and New
YORK CAPITALISTS acting together. II IS said that
the Hill interest has agreed 70 take the road or
their hands il they can deliver complete CONTROL
There are more stories than enough 70 account Tor
the rise, as both Illinois Central and NorthW@sI
are alleged TO be in the market II they can get
the road az price that suits them The market
was favorable for change OF ownership runlors.
The latest is that Colorado Southern is now eonl-
pIcteIy controlled BY the GOulds. II IS perhaps
typical of the market that this is considered ou
argument the stock one or the most EVspec-aoiS
bull points current was Republic Iron and STEEL
preferred. People in a position 10 forecast ths
statement say that large surplus will be shown.
which will at least insure the full preferred divi-
dend. whatever may be done for the arrears. soma
Of the most active OF the floor traders are bullish
on St Paul After the movement in Delaware and
Hudson the most important strength in the high
priced stocks was shown IN Northern Pacific and
Great Northern preferred Some OF the immediate
Hill following have added TO their holdings OF the
latter ard sold Northern Pacific lately. but they
admit that the stock is all bought and taken out
Of the market The heaviest selling Of Union Pa
ci1ic came from the traders
ROCK ISLAND.-W- P. Biddle vice-president OF
the Rock Island says that the current traffic IS ex-
ceuent and the indications are that the fall bust
ness Of the Rock Island Company viii exceed that
OF a year ago The country has raised immense
crops and there will be some difficulty in supply
ing enough cars to them this TALL especially
in the granger States as the demand will all come
at once The situation can be summed 10 as e1-
ceIIent in all parts OF the Rock Island territory
OREGON SHORT LINE INCOME b. BOND
HOLDERS MEETING.-A general meeting or tAe
holders of income b bonds OF the Oregon short
Line Railroad Company will be held at the office
OF the Morton Trust Company at noon on septen-
Der for the purpose OF nominating two directors
OF the railroad company
BIG STEEL CONTRACTS BOOKED-Owins to
the bright outlook for business. due 10 the heavy
crops the railroads preparing to meet the ex-
pected demand upon them and in so doing are
large buyers OF iron and steel for many purposes
About twenty-five thousand cars have been ordered.
which will require $4,000 tons in different shapes
DIVIDEND DECLARED-Lord & Taylor have
declared the regular sern-annUal dividend OF Per
cent. payable on September /