New-York tribune., 1905-11-01
MINING STOCKS.
T,703 Total sales.
WALL STREET AND EXCHANGES


FOREIGN TRADING.-Foreign houses dealt I,
10000 shares in the local market all purchases
In London Russian bonds were especially strong
on the better news from St Petersburg and eon
soils gained Il per cent. Copper stocks were firm
but the mining department rather heavy Ths
Russian news was the dominant influence in ths
market establishing better tone, but failing 10
stimulate business in any great quantity. Ths
tendency rather 10 even up on both sides Of
the book in view of the Stock EXCHANGE holiday
on Wednesday Money was in good demand bu,
should ease off little toward the end Of the week
although apparently some little time will elapss
before the situation clears for the issue Of the
Russian loan.
MARKET GOssIP.-Moore & Schley were the
leaders of the bull party in Tennessee Coal aud
Iron 1t will be remembered that they were the
pool managers when the attempt to bring tha
Southern steel companies together started active
speculation early In the year. They are not likely
to be interfered with by the woodward intsres.
this side of e5. Reading made good a showing
as ANYTHING in the railroad list in the early trad
ing. Some OF the operators on the floor thought
that the recent heavy manipulation might have
been undertaken 10 distribute stock. but SO iai
there is apparently important increase IN tns
floating supply American Smelling was ina
strongest and most active of the industrias in tha
early trading The buying is good and seems t'
come from houses credited with doing Gussenheim
business who are still bullsh IN spite OF the long
advance The early strength in United States Steel
was the natural consequence OF the sangulne ex'
pectations based forecasts Of the statement
The publication Is noticeably concident with tm
exercise of a number of options in London 1t IL
said that George w Perkins and his friends have
calls at the end of October on $1,000 shares which
stand them at about Sc. These calls in London
mature with the last day of the settlement, and
have probably already been exercised Wasser'
man Brothers A. A. Housman & Co, Halle
stieglitz and other houses of the same class wers
active in the rally. The first named house was
conspicuous in Steel and Union Pacific. while
Housman helped to bid up Southern Pacific. ond
Halle & Stieglitz were buyers round the room. l.
D Barney & Co, who were active on the Dull
side earfv last week. but sold later, were amoEa
the largest buyers of Southern Pacific taking Up
ward of $500 shares. The old lead amalganatio1
story is revived in connection with the advance IL
Smelters H Content was intrusted with the PIN
cinaI buvng orders In view of the approaching
London Stock Exchange holiday, the movement 70
even l1p was not unnatural but the foreign hodSe>
do not report any great disposition IN Londoh
take the long side in our stocks IL must oe ie
rnenlbered that foreign markets SOLD mere fOlAe
thing like 100000 shares last week, and tnat 'n'
buytng now NAV very easily represent the cover
ing of shorts As the London bankers expect ush
money throughout November. II seems hAeH I'M
London operators will be more inclined TO put oa'
shorts on any further rally than TO take i"'4'-
on the bull side in our stocks ,--n
FURTHER: GOVERNMENT BOND REfuNR
ING-The monthly circular of the National elp @
Bank bond department for November states ll1
holders of the and per cent government 'oNs
which may be converted into per cent census
1880 under the order of the Secretary 'I le -
urv have shown fair disposition 10 &sah -
selves Of the privilege Of refundins 10 u".e
$4,000 of the old bonds have been conVeItsu =. -.
since refunding was opened on october VI ~,
"a pll y--Gre
s27 591 900 were Is of 1891 The outstandls = -s,
ere now reduced to point materially oeiO" =
coo COO. and 1t is not hazarding much Oy -,
prediction to say that the government 80 4,
refun1ing be kept open much longer va .,-4,s
position to harde the remainder OF 'ne - ~
bonds when they fall due. Should tne - - 1gf
as well situated financially in May OF ' ,iobt
as it is now the Secretary OF tle .hs sarss
easily call in a portion OF the As Of 1891 At 'NI
time offering holders the privilege OF eAtei
n lower rate of interest. The EXTENDED w. K.
sucb a case would necessarily be payaoie
option of the government ms Tue foias.
might do without further IeslsiA.-O. I,.tss Z
ing the we'll recognized preeeden's .a.t Il
the case Of other maturing issues III - Co,prsss
any event it is not 10 be presume - r,uId b
would fail 70 pass such legislation as = sus
,ooessarv to provide for the payment oil '.s i q.
as mr. az least make some provision iOI .---,ent
+e,e.on on terms advantageous TO the ~ sor re
,IoI-n,1ENr OF MONEY.-Reports 1T ~
n-incinsl Canadian cities indicate tH" - Nss-
tba dominion are calling money lrcn % .ne WITT.
-, ,,rLe+ This is in keeping Win .st1.
-, - dor,fstIc interior banks anu .ral
-, - .oo,,rt of the requirements u 7s,ts
.,. o,d crop moving purposes =" - m,
-, IN acco,1nt of the $4,000 traISie' Nor
r-n.o-ot, 70 Chicago and st. Louis ies. 1.- e.
a.. e nno and from Friday nave ~ :, as1ta
o,. coo cor,pared with gain last W. t,,, RAPID
ppooKTyN RAPID TRANSlT--bfooN noarn an
Transit gross earnings for OctoOei tool al n
Increase OF about $4,000 over Oe' .aar This
crease of about $3.50 a day over 'a cor in that
- hat,er record than September. "' a., over
IS -. earnings increased $3.50 oas ,oslyn
Sor+ar,her 1894 Gross earnings Oh '' ..or.hs ..
' ,rrsI, system for the first four . ,sar
,ts nov, fiscal year have shown an
ly $4,000 .r, c,fE,TTING NJ
c-roct< The Federal Mining ana ssaaa Oas Of
- win Issue $O0oOOO OF new eis s'ocH cop,nos.
-, ,,Iu he preferred and AooooS - q ~ ne
-, ocaedz 10 be used for the puio,.d - ulaes.
- and youlike groups OF silver ,sjcats
80 ,,bicb q No.OOo cash was paid stock
io' W saru,rittsp the whole issue Of new - say
.ARKr,T OPINION.--A- o. Brown y s,sf.
notwithstanding the action OF tne tnI fbe recover,
ay there is a disposition 10 80 the ability, ~
s as' chiefly technical and TO quesuo,t owing 10 =
as cnierii cn'eniiet ~ hold the Improvement V
Unsatisfactory monetary sltuatiVii SCI
COTTON EXCHANGE SEATS sor rs'
:, shearson paid $3.50 yes'eroas nricsspy
york Cotton Exchange seat the ~, Mscrss
.ovaraI thousands After this purchaSs :
bid 600 for another seat ,-r,r, 7ne Ssdsl
COTTON PICKED AND GINNED-.. plcked
ern Cotton Association estimates