New-York tribune., 1905-11-16
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
15 600 shares In the local market. evenly divided
In London consols were unchanged and japanese
issues were strong. There was noteworthy strength
in the conner stocks and good tone In the mining
department. The fresh outbreak of strike trouble
in Russia had less general effect than might nave
been expected This being the last day OF tbs
London settlement money was in demand early.
but eased off later. Rates likely to rule a
trife easier next week but important recession
Is expected until the end Of the year. in view OF
the heavy government borrowing in December. The
Bank of England is, of course. strengthening itself
the Treasury financing but Is not Hkely 10 al
vance it's rates.
MARKET GOSSIP.-Mssouri. Kansas and Texas
acted as if there freer market for the com
mon stock It has been in demand n the loan
crowd for some time, but mainly by the arbitrage
houses who sold stock to arrive good deal of
this was delivered on arrival of recent mails. and
the demand is longer SO acute 1t is still as
serted that the Hill brokers are picking up the
stock With reference to Secretary Shaw and the
possibility of his helping the money market.
through the Western banks it is rather noteworthy
that wire houses credited with Morgan connections
are laying a good deal OF stress upon this as a
source of strength to the market T. L. Manson &
Co and other active houses bought Hooking VAL
ley. carrying the price up without much difficulty
in a very narrow market. The old story Of the
retirement of the preferred stock and a higher
dividend distribution for the common was revived
have. the stock is exclusively held by the
greater railroads which control the Hooking Valley
system. It looked if some of the Gates hold
ings of Tennessee Coal and Iron bought lower down
were coming out the advance c. NJ Oelrichs
bought and bid up Virginia Chemical and re-
sponsibe for most of the strength and activity in
that stock 1t said to have been helped by the
recent showing of American Cotton Oil although
there is nothing very remarkable in the figures
there. H Content was the principal buyer Of Ten
nessee Coal and Iron. taking about six thousand
shares The only real activity is by the pool in
the minority stock Q. II. De Witt & Co were
BUYERS of Union Pacific they were Tuesday
Other active trading houses were picking up stock
and it was even alleged that some Standard Oil
buying had been traced in the market although
the evidence in this respect rather nconciUsive
J. B. Russell & Co bought stocks round the room
and paid good deal of attention American
Smelling and Louisville. Some of the floor traders
were inclined to follow their buying. crediting them
with connections among the active financial inter
ests.
MITCHELL DIVIDEND DECLARED.-The -di-
rectors of the Mitchell Mining Company have de-
clared a dividend of per cent In bi-monthIy pay
ments of per cent. the first dividend being paya-
BILE on January 10 1906. TO stockholders of record
December q, 1906
GOLD FROM SAN FRANCIsCo-san Francisco
has sent TO New-York $685.. 900 OF new gold.
KNICKERBOCKER ICE. - Knickerbocker Ice
VAS strong on the improving financial position of
the company. The next statement will show it is
said, per cent earned on the corar1on.
PRODUCE EXCHANGE MEMBERSHIPS
the auction sale OF Produce Exchange memberships
two seats sold at $3.50 each s2t5. one al a5o
and one at s2.5