New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-29
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt IN
10 900 shares in the local market, mostly SAFES IN
1ordor +he general market was quiet ana even
erv, IN n1aces Copper stocks were firm, and there
was no feature in the mining market ForelsH
bonds acted we'll The bank return mace a rather
depressing showing, the proportion OF reserve
TO liabilities was lower than 1t has oeen LoI d i19
time mast while the loss in bullion was suostahtai
MARKET COsSIP-Room specialists generally
reported that decline of quite substantial proper
tions would be necessary before any et0p ioS
orders would be reached. There are at PIeeeH
rone Of anv consequence within two points of the
present market level This is especially the case IL
the Morgan stocks. where the bull party IS sun
aggressive Clique brokers were responsible for
any development OF strength in the hrst houf
trading and were conspicuous in southern racine
BROOKLYN Rapid Transit and Louisville ana were
nerhans 10 some extent felt in United States Steel
aItborqb that stock does not generally need any
snecia1 SUPPORT Jacob Field was prominent in the
bidding I'M of Southern Pacific in the early trading.
He seems to be paying special attention TO the MOT
ca s+ocle at present as he vas bidding for 10000
shares of United States steel at s. at the close on
Wednesday. but was not then Wiling TO spit up
his order Some buying for Southern centres was
raportad in Illinois Central Domiuick & Williams.
Marshall Spader < Co. and T. A. Mcintyre & Co
were chiefly responsible for the early strength IT
was said that there was some selling of Brooklyn
I7apd Transit for Boston account ba sed the idea
that the bull pool in Amalgamated Copper IS inter
ested I'm the movement in the traction stock
Arhi+raee houses had expected the advance In the
Rank of England rate for the most part. and are
b1 no means so hearish on it as might have been
expected The idea is that Ihe extent OF the tight
ching of the money market in London is now
known and that better trading market there may
be expected after the usual adjustment TO the new
conditions No doubt is expressed that the per
cent rate will be effective. The heaviest buyers
of chesapeake & Ohio in the afternoon trading
were HUM. Edey & Co. who took about five thou
sand shares. Dick Bros. & Co, who are supposed
to represent the pool in the stock. also pron-
uent in the advance. The market was too narrow
TO give much significance to the movement, but in
creased dividend rumors are now in order
CANADIAN PACIFTC-m an interview Sir
Thomas Shaughnessy, president Of the Canadian
Pacific says;
Our annual trip over the Canadian Pacific and
Nest country, where We never expected any wheat
WITS Ioona iron c2P pst 9I s 5 ms 70
nlcent Plans for double tracking our line are
tween Fort William and Winnipeg. but also
have four hundred miles laid between Winnipeg
provement, to embrace the entire main line. will
undoubtedly he accomplished az conditions war
rant. No westward extension OF the Duluth, South
Shore and Atlantic is likely in the near future
We viii build hye hundred miles more road next
they arise. With larger cars and other improve
far G5nGIJn the 2rops but the pressure ,of bust
less is as heavy as ever
..MOODY'S MAGAZINE. "-'Moodys Magazine"
the first number OF which will be issued in october.
Will represent the interests OF all investors and OF
all buyers and sellers in all industries 1t viii pre-
sent In a popular form all the essential facts for
investors II will exhibit the underlying social and
economic forces that govern prices and values.
1t will discuss railroad rate legislation, municipal
ownership insurance scandals. reciprocity. the
tariff and other public and political questions from
the standpoint OF the ordinary business man and
investor II viii aualyze and cricise freely, fairly
and fully reports of railroads and large Industrial
CORPORATIONS. II will, in word. keep its readers
,ost ed on all Important Industrial commercial 20
iitcsl and other events affecting that likely
TO affect prices and values
NEW STOCK EXCHANGE MEMBBRs-RollIn