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


FOREIGN TRADING.-Foreign houses dealt IN
5000 shares in the local market. all purchases
In London copper stocks were frmer, The mining
market quiet, and both japanese and Russian
bonds were lower on the internal disturbances in
those countries. Consols unchanged. The
London market seems to have been sold out. and
rallied without much difficulty Money in
plentiful supply, and bar gold is at its lowest
possible figure the expected gold exports do not
seem to be causing any real anxiety
MARKET GOSSIP.-The activity in Canadian
Pacific in London was reflected here, there is
not much stock in this market and the best op-
portunities for trading on the other side 1t
looked as if some of the bears Of Reading were
covering their shorts the early advance. Jacob
Field buyer. and 9. l. Hudson, who mas
been one OF the most pronounced bears the
general list for time also took some stock
The early strength in Southern Pacific was manly
due buying by Pepper & Sternbach and some
London orders The selling came through traders.
Floor professionals rather bearish on the stock,
and say that Kuhn-Loeb brokers have not taken
any Of It IN the recent decline Very little atten-
ton has been directed to the bear account in St
Paul 1t is one of the few stocks which is not
easy to borrow in the loan crowd. Standard Oil
brokers have not been buying. but it is in posi-
ton where it could be bid up with success If the
rest of the market developed strength. There was
a more bullish sentiment in London than might
have been expected, although the foreign houses
admit that the market there was stimulated by
orders from New-York. Paris fair buyer
in London. A. H Cornbes & Co were important
BUYERS OF Erie and materially Influenced the MD
dsv rally. Traders were disposed 10 follow IiIs
buying particularly as other conservative houses
seemed TO be taking more of the stock than they
have done on recent breaks. An important specu-
latfve account was transferred from NeW-horA 10
London in the day. 1t involved the sellhs OIL
stock here and its purchase on the other sac
1t must have been account OF some -naehI.u0-'
as one house alone did 25,O00 shares OF IL mere
are some advantages in carrying stocks in Lonaoh
at present, the money market there Is ""eiS
to be more settled than ours. and the 1orsl''tS
settling day is not until September IL 4ooi 1i1u
ors covered few shorts in the Hartman stocAS'
~,nor+ine them rather more sold out than some
of the other active issues.
MOVEMENT OF MONEy.-The reported move
r7ents of currency this week indicate a loss III
cash held by the banks of sS,729Ioo They re-
ceived from the interior s3,I71,S00 and sent 10 'te
i+erior IS 541 500 Of which there was transferred
through the Treasury 100000 to 81. LOUIS,
500 900 to New-Oreans. 100000 to Baltimore ana
SO 334 900 national bank notes were sent 10 WASH
ington for redemption. The loss to the interior
was s4768.70o Receipts of new gold were Sl.lZs'-
son namely s6195O0 on New-York Assay Office
checks s135, 400 San Francisco Mint checks ana
teIegraphic transfers. s373,900 on Seattle office
checks Ordinary disbursements by the Sub
Treasury were s14 567, 200. Payments by the banks
IN the S1,b-Treasury for customs, internal revenue
per cent redemption fund. etc. were slso02'ooo'
The loss on Sub Treasury operations proper was
IS oe4 500 The total loss to the interior and SUD
treasury was s9S5s 800: deducting from this the
esi, nv new gold of SLIPS. 500 the net loss was
IS 72a 700 Shipments the interior were the
largest in any week since the movement began
except the week ending August Il. Receipts were
also the smallest except in that week. Some large
amounts were received from Boston, apparently
IN resnonse TO the higher rates Of money pre-
vailing Shipments chiefly TO the West,
and the demand at the South apparently has not
yet become urgent.
PIC; IRON TIFTCATES.-Quotations on the
call follow: Regular-Cash. S54Sl5 10; September.
SIS 1os15 3d. October SIS 3NGs15 50; November $5 4o@
SIS So December. sl5 500 SIS co. January $40 asked;
February. SIS 406S16; March SIS eHQsl6. Foundry
September $15 1o9Sl5 10: October. SIS 3ea$5 So No
venber SIS 3OGS5 So December and January, SIS 400
SIS 60 February s5 so March. SIS J0aS16. The sec
ond call for pig certificates showed increase
in interest and prices less firm the bids.
Quotations on the call follows: Regular
Cash So 60; September SIS 2OQS15 80: October
SIS 3Odsl5 60: November SIS 30aSl57O; December
SO 4GGS15 S0 January. SIS S0S15 60; February SIS +0
SIS %; March. SIS 4ods16 Foundry-Sepember SIS zoo
So CO. October. SIS 30q55 TO- November. So 40QS15 So
December So 2oda5 81; January. February and
March. Si5 30Gsl6
GRAIN EXPORTS-''B radstreet's" reports the
exports of wheat including -four. for the week at
942l5 bushels. against 11292j0 bushels last week
and 199962l bushels last year: since July 1O1oo99
bushels. against 14.ieo 2SS bushels Corn. 4o4 So
bushels, against 1852 bushels last 476 Isl
bushels last year: since July l. 1852 49, bushels
against 5.750.1S2 bushels last year.
STEEL FOUNDRIES BONDS UNDERNEATH |
TEN.-The $.5O0OOO bond issue recently authorized
by the American Steel Foundries Company has |
been underwritten by a syndicate. and subscrp- |
tons TO which are far in excess of the amount re-
quired The bonds have not yet been issued |
even prepared and it will he time before |
they are ready for sale distribution
NORTHERN PACIFIC ANNUAL. MEETING |
The annual meeting of the stockholders of the |
Northern Pacific Railway Company for the cleo |
ton of five directors to for three years and
one director to for the unexpred term of |
the late Daniel S Lamont. will he held on Oc- |
tober 3.
BIGGEST MONTH IN HISTORY-The business |
booked by the United States Steel Corporation In |
the month OF August was. it is said. the largest |
In any preceding month in the history the !