New-York tribune., 1905-11-29
WALL STREET AND ExOHANGEs

FOREIGN TRADING.-Foreign houses dealt IN
EGs shares IN the local market buying on bal
Enoa In London consols were strong. while Rus
Ezn bonds declined factionalIy. owing to the seri-
situation at Sebastopol. The copper Issues were
strong. Anaconda and Rio Tinto being the leaders
n The movement. Kaffr stocks showed early
Eeskness but improved somewhat before the close.
MARKET Gossip B. Macdonald was q
heavy buyer OF Southern Pacific taking the stock
freely On every little reaction This is about the
first tine IN months that Southern Pacific
has shown any inclination TO follow the leadership
Of Union Pacific. The predicted rounding I'D OF
snorts in sloss-shefield did not nateriaIize This
stock acted as if there were profit taking in it.
There has been good deal OF short selling in the
Southern iron stocks the theory that a reaction
vas logical National Lead made q sensational
ADVANCE opening at 66 and advancing TO 7215 with
n few minutes trading. These erratio price
movements are not liked by conservative commits
Eon houses. who advising their customers to
kesp out OF these stocks. There was liberal sup-
pS of tips before the market opened, most of
asn coming from pools in specialties. Among
ohers II was given our that Erie would be moved
1p Today. Il Is said that there has been some
eaet accumulation Of St. Paul preparatory to an
s1uVe market movement. The extension 10 the
9osst is considered as a bull argument Traders
Asfe watching Union Pacific for any indication Of
q upward movement It was thought that If the
1alroads were TO be advanced this stock would
: ne hrst 70 be taken in hand. The fluctuations
I ms stock were. however. within narrow limits
= Aassermann offered TO bet that Tennessee Coal
so Iron would sell up 10 points before # would go
ss"h O. and he attempted TO make this offer good
y oooing for the stock It was reported that
.l1s7es's back OF the recent advance in Shelters
'1l oeen selling some OF their long stock
NATIONAL LEAD.-The advance in the nr,oe
;, . NATIONAL Lead stock presumably is based on the
- * llat the company soon win pay dividend on
-E--
s..1l7oie year. and it is generally believed that
SO n 1906 the stockholders VIII receive return
= taear investment A few months ago the COM
--s .- increased its preferred and common stocks
1910 each, but so far nothing has been done
- the new issue This stock was authorized
= e1Ae over properties to be determined bv the
.-e1loFs- American Smelling and Refining inter
-. ~ deny that they buying National Lead in
~-lclpation Of merger OF the United Lead Com
10y With the National Lead Company.
0AfsLEJIEM STEEL-In connection with the
e4'eat Of the Bethlehem Steel Company into the
-1nataeture OF commercial steel. mention OF which
- maze some time ago, It can be stated that the
'-tany has planned TO expend between $780, 00o
- slaVsa6o0 for additions, replacements. etc. The
ssa.pany viii engage in the manufacture Of struct-
- sieei' steel springs, screws, etc Five blast
k---nes. with daily capacity Of $500 tons, win
!, ERECTED. The company owns large deposits
SUna and this ore viii be utilized in the manu-
u plS IRON
LINKS LOSING MONEY.-so far IN the current
ssk the local banks have lost upward of $4,000
lneir cash holdings. Large transfers have been
r os through The sub-Treasury for the account Of
- francisco. shipments yesterday amounting 10
sels'''He. while $4,000 was transferred TO New
slieans It is understood that e considerable
@a''2nt Of money viii be sent TO South America
soI4D GOING BACK TO cANADA-The gold
aA.Aarswn from the Sub Treasury yesterday rep
.sssnted part OF that received from Canada in
- recent furry in money rates at this centre 1t
= : asobable that all the gold recently received
= - Canada viii be returned. owing 10 the de-
ans n money rates in New-YCzk.
lAcKAwANNA DIvIDEND.-The directors OF
@ &c Delaware. Lackawanna and Western are ex-
.ss.eo to declare an extra dividend OF s. SHARE
= y per cent, at their next meeting On Decern-
" q. lses, similar extra dividend was paid
ADVANCE IN sILyER.-gn the London market
- price for silver touched the highest figure
,s sl'ee October. -es- There Is g good demand Tor
s metal ths world over.
..SsE2SERAIs ELEcTRIc DIvIDESD.-The diree-
~as q the General Electric Company have os-