New-York tribune., 1905-11-26
MINING STOCKS.
$50 Total sales.
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt In
only few shares in the local market. evenly d.
yided. In London money was easier Inc gem
eral sentiment somewhat improved and con-
soils advanced Il per cent. Russian and Japaness
bonds were lower. The Kaffr issues were steAay
MARKET GOSSIP.-American Smelling and Re-
hnng the strongest stock on the Ast In tls
early trading advancing 2 points from the opening
The interests that have been behind the advanes
are still bullish and talk higher prices. There was
considerable strength in the fractions especa1J
Metropolitan which advanced in the face OF de-
clining prices elsewhere. There were rumors thsi
the Ryan interests intended to take over BROOKLYN
Rapid Transit, but the action of the latter stoe&
looked as if there were realizing going on. On the
decline there appeared some short covering ana
support in specialties, which tended to steaOy
the market. A feature of the market was the con-
tinued weakness of Rock Island Regarding the
source Of the early selling. there was division OF
opinions, some protesting to believe the movement
q purely professional one. The strength OF Tennes
see Coal and Iron accompanied with furthef
talk about mergers and splendid earnings. Mis-
souri,, Kansas and Texas showed an inclination I"
sell off Foreign houses say that there has beeA
selling of this stock for New-YOrk account In Lon
don. On the late advance some long stock mads
it's appearance. The last hour feature was the rise
in Tennessee Coal and Iron, which went to the
highest price reached in some years. F. w. Savia
bought 90 600 shares, presumably for the pool N
the stock in which the Gates interests are said to
balance taking profits on purchases made during
the early weakness. National Lead made a sensa-
tfonal advance OF nearly four points, which was
accompanied by renewed rumors OF merger Win
American Smelling.
GATES BUYING TENNESSEE COAL. AND
IRON.-Most of the buying of Tennessee Coal ana
Iron the last three weeks can be traced 70
C. G. Gates & Co. Before leaving for Texas Johh
W. Gates admitted that he was buying the south-
ern iron and steel stocks. but he said his buyns
was OF an investment character. The Gates peo-
pie have accumulated thousands of shares OF zen
nessee Coal and Iron and Sheffield but they
will not admit they seeking control Of eths-
company John w. Gates has been advising tAs
purchase of the Southern iron and steel STOCKS iO
several weeks. Hanover National Bank lh'eis
who supposed to control Tennessee Coal 80
Iron, refuse to make any comment on the ls
President Mabon of the Sloss- Sheffield. repeais
that he has no knowledge of merger neSotiauO.s
STOCK EXCHANGE NEWS. - Membership
transferred: +. c. Seabury to John W. Ls"- ~
James H. Oliphant & Co, No 20 Broad-s'.' li
F. knight to Theodore D. Peck, a g. Ed"ar"s :
Sons No II Broadway. Memberships posted 40
transfer: Allen NJ. Fletcher TO Henry l.. Caoe-'
sponsors Edmund Randolph and Ernst imAH''
Francis J. Patton TO Daniel P. Kingsford; sponsofs'
]. Walter Wood, jr. and Newton t. stout 80
Mills Day (deceased) to Samuel NJ Golasni'-'
SPONSORS Albert II. Gross and Albert ST.
Change in firm: Paine & Wilson; Arthur l. JUN
admitted. -s.
THE COTTON MOVEMENT.-AccordinS 20 -
Financial Chronicle the total receipts OF e7so-
for the week ended November a 1910 "els
.o45 bales against 391 go bales last week S9t's
previous week and 34.6O0 bales the week
that The total receipts since SEPTEMBER -
27135e3 bales against 42l02S for the same - -
last wear a decrease of 96,6Sj bales letesi@F
adyfces from the South indicate that quite -
orally favorable weather has prevailed duriHs :.
week Picking continues TO make good pfosi'
and In Arkansas considerable cotton remains
ba gathered The movement To market y "
liberal scale despite the disposition In SONS ~
tions 10 hold for higher prices.
CANADIAN PACIFIC.-Earnings Of the So
dian Pacific for the third week in Noss3-
showed the large gain OF S6SO9. making iIV" sls
gain of s29l05Se. comparison being hi4De 80.
the same time last year. The enormous ear -.
of the connpany are due 10 the present 49, s-sfs
expandlng industrial prosperity IN CaIlauA'
prosperity being based on the grown "a 80.
lation good crops and ample hnaheial ses.1 s.t,ns
action to handle new and old business opeFa'V- -
There is a great demand for land III tiie fas
Northwest and the fact that the tauduieN sli-
is an enormous owner OF valuable iands iS'' iS.. ~
tioraI interest to the property and the co"tSs
,ts securities on the foreign and local ste0A
changes Canadian Pacife's lands give inc ~,
rspv an asset OF almost immeasurable Valus. -
etocs "a in strong hands and not widely - :,
med although small Investors are buying -
one OF the most promising of the high sfa"e uast t
on the list London. OF course offers the So
market for the ISSUE and cable advices nl-.- -
that I'll. leading interests in the London l.@ .,b
.1psct 10 see the securities sell above Great Ss