New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-11
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foretgn houses dealt n
5000 shares in the local market buying f5m
shares. In London consols were fractionalIy hizh-
and the general market was hrrner Money q
expected to keep fairly stir IN London as the set.
tlement requirements will make some demand but
there is apparently no likelihood OF any immediate
change IN the Bank OF England rate. The strength
in foreign exchanges and the weakness OF bar gold
in London seem to show that the bank Is under
no fear OF losing any great quantity Of gold az
present.
MARKET GossIP-Missouri Pacific was an ex
ception to the general strength at the opening
The selling looks decidedly well Informed, and Is
probably based on a knowledge Of the poor earn
ings in. prospect The comparison Is against an
extraordinary showing last year and one which
cannot be repeated without dangerous cutting OF
operating expenses and maintenance United States
Steel common showed its usual broad and active
market. The buying still looks as If It came from
the Morgan following, who make secret thas
they are founding their position on the earnings
and prospects. Canadian Pacific responded prompt
ly to the early advance in London The London
bulls are making great efforts mark up the price
in order reduce their differences the account.
Union Pacific was indirectly Influenced by tho
melon cutting Of Great Northern It seems certain
to revive rurnors Of some distribution Of the Norh.
ern Securities profits. and active traders have te
buying. The movement IN Northern Pacific seems
to have been merely sympathetic with the advances
the stock dividend Northern Pacific does not hene-
1T directly although talk of further melon cutting
is OF course TO be expected After acting well n
the early trading, Reading seemed to run into
little long stock and hesitated There are soma
pool holdings, which would probably be for sale
on any substantial development OF strength
number of minor industriaIs probably helped
by the fact that the Wall Street cotton pool mas
materially reduced its commitments In that STAPLE
and is better able 70 look after its stock market
interests tt was thought that Locomotive was
the most considerable direct beneficiary. Morgan
influences are apparent In the money market at
present and are exerted TO keep the call rate as
easy as possible. Another factor Of the same char
acter was the runor current OF Secretary SHAW
readiness to increase the government deposits VIII
the banks by SIS Oo00OO 1t Is doubtful Il q short
interest sufficiently large to be factor could b
created In Steel common. and the talk OF such
bear account in London against calls sold to ms
market for the end of this month need rot g
treated seriously. Foreign option dealers always
protect themselves Immediately in the market q
selling call.
PIG IRON CERTIFIcATEs.-Regul pig mon
certificates at the New-York Produce Exenanss
onened steady. but dull. Foundry was inactive ana
a shade lower There were no sales. Quotauon'
for regular on the call follow: Cash. SIS 80 bid; "
toner as 5o6s16; November. $5 7o6S1S 10; Deceos
SIS seas16 20; January. SIS 50QS so; February 80 %
SIS 40; March, SIS 5O@s16 So Prices for foundry 9
december, So 5O9Sl6 10: January. SIS 5o9<s 20; FeO
ruary s15 5O9S1s 20; March. SIS 5oGSlS 60. On tna
second call regular and foundry were steady Tns7'
were no sales. Final prices for regular 1ohoe.
cash and october. SIS 5OQS1s; November ao@
asked; December SIC % askeds January, SIS 5c9Slo9i
February SIS 50as16 20: March, SIS 6OSlS 60 Closhs
Quotations for foundry follow: October, SIS e5sls
November. SIS 6O9S1s 10; December. SIS 5eqSioS'
January SIS 5OQs1s 80; February, S15 7OGSls So Aie
SO 50dSl6 90.
SOUTHERN RAILWAY ME1ETING-Ine an
stookbolders. meeting of the Southern Railway
Germany was held at the Office OF the company y
Richmond va. yesterday. The actions o. ta'
hoard Of directors since the last stockholders meet
,ns- were ratified and confirmed Harris C. fanns
s+oct william w Finley. Samuel Spencer a.
Charles Steele were reelected directors Oh
company for a term OF three years
Union BAG AND PAPER DECIsIoN-A
etsion has been handed down by Judge puma - -
the United States Circuit Court at Portland A,
favor OF the Union Bag and Paper COMPANY 90
brought suit against the Continental F&p IRA
Company for alleged infringement OF palsH ...af
court granted an injunction against the CONF.
oo,,nsnv restraining it from using its nachns
and a master will be appointed 20 make IN 49,
ing and determine damages
DIVIDEND FOR CAST IRON PIPE CON-.
The directors OF the United Cast Iron Flls
many have declared an initial dividend OF Pc rrhs
on the common stock. payable on DecennOe. re
regular quarterly dividend OF IA per cent
preferred was also declared YESTERDAY. <.s,
MOVEMENT OF AIoNEY.-I.ocal oan r.zs.s,,-y
$4,000 TO So. Louis yesterday through 0uO
transfers