New-York tribune., 1905-08-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING-LondOn did not figure
conspicuously in this market. but aroitrage houses
sold about 1OOo0 shares, distributed among seVeral
of the active international issues.
MARKET GOSSIP-AmaIgamated Copper was
heavy and seemed to be getting only grudging
support The weakness in copper stocks IN Lohoon
was influence and in spite Of the strength OF ths
metal situation the Street does not like the resup-
ton Of the Lawson campaign, especially as 1t IN
cludes an attack upon the trade position Missouri
Pacific was one OF the weakest stocks on the list at
the opening. The isolation of the Gould interest Is In
nothing more marked than in the position OF its
stocks in the market. They have no disnterested
friends and the so-caIled inside support is rather
ineffective There is reason TO suspect that
the anxiety among certain houses which have rol-
lowed the movement in Reading. without directing
1t. to dspel any idea of corner, arises from the
that influential part of the bull contingent
has been taking profits The idea therefore was to
convey the impression OF real scarcity. combined
with a willingness to lend the stock readily. The
frmness OF the fractions was the more noteworthy
as the rest of the market giving them no
help in the early trading. Bull talk IS still no
ticeably prevalent in the houses with political con-
nections. especially Metropolitan. One Of the
sources of strength in Brooklyn Rapid Transit
the establishment OF a high record in
the convertible bonds. The United States Steel
Issues made good showing The best of the
buying was by Provost Brothers whose purchases
were estimated at considerably over 1o!Ooo shares
Both common and preferred acted remarkably
we'll in market which should have severely tested
the strength of the bull account in such popular
issues. The bank statement better than any
body had expected and the market hardened quiet
" toward the close. There very aggressive
bidding nor did there seem TO be much more than
a readjustment Of professional position. Traders
who covered shorts reported that they got their
stock rather easily.
THE COTTON MARKET-Accordng to THE
Financial Chronicle the total receipts OF cotton
for the week ending August % reached 5S1SS bales.
against 50 21S the preceding week and 62Su the
week before that. making the total receipts since
September l. 1884, 1O.O2221s bales, against 716s.22
for the same period OF 190304. showing increase
since September /. 1904. of 2.s52s4T bales.
. BANK CLEARINGS.-The total bank clearings
ali the clearing houses Of the United States for
the ending August 26 have been s. 4S6 9S2 235
against S251s.596o2 o24 for the preceding week and
81 757 56S GA for the corresponding week last year
PIG IRON QUOTATIONS.-Regular pig iron
certificates at the Produce Exchange opened easy.
Foundry was irregular There were no sales of
either grade. Quotations on the call were fol-
lows: Regular-Cash and August. SO 1O1s15 10: Sep
tember and October. s5 259&5 so: November SIS 4c9
sl5 So: December. s15 5oQsl5 s.: February SIS 4ep
sic 25. Foundry-August SIS 25dsl5 rs: September.
N5 35Qa6; October SO 55Qsl5 80: November SIS con
SIS SO; December. $l5 s5@s15 IS: February. s5 s5a
SIC 25