New-York tribune., 1905-12-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
2o,0oO shares. 1900 being purchases. The copper
stocks did not entirely respond the sensational
advance here. Consols were strong at advance
of BIS per cent, and there was recovery in Rus
sian Is of nearly three points, to 81 Money rates
stiff in London, this being the first day of the
final settlement Of 1905. when requirements for the
account and for the Of the year. both for dtvi-
dends and window dressing all exerted pressure
Taken altogether. the foreign situation better
and all European markets felt the effect
MARKET GOSSIP.-After midday the market
continued feel the effect Of the high money rate
and was under good deal Of pressure, although
some Of It looked like short selling. There was.
however, a substantial amount OF realizing, which
could only have represented the result of loans
called The active New-st. contingent is very
bear1sh at present They have been selling Anal
gamated Copper. Southern Pacific and Union Pa
cifc and some OF the trunk lines. They say that
the confidence in cheaper money Immediately after
the new year is not founded on very strong prem
ises- Their bankers expect stiff rates through the
greater part Of January. H. Content was active on
the selling side around the room, and was
nouceably heavy seller OF Southern Pacific. Bogy
& Hubbard. who very heavy sellers Of United
States Steel, got credit with number of other
houses, for executing Gates orders. The recent
strength in Corn Products is explained by the
pected merger of Glucose interests with that COM
pany in a holding company conservatively capital
lied and foated under Standard Oil auspices IT
is generally thought the intended merger will sim
plify the trade situation very materially. Active
houses generally reported calling loans in sufficient
quantity to make some realizing imperative. A
number Of houses were declining buying orders in
certain tndustrias where new borrowing would be
involved to finance such purchases. H Content Of
fered down Tennessee Coal and Iron without seri-
Gus opposition. Specialists thought United States
Steel held remarkably well. all things considered.
Both common and preferred so widely held
that heavy selling might have fairly been
pected on the high money rate If there had been
anything like wide public speculation. The buy
ing however, seems better than the selling. a
canvass of a number Of active houses still shows
the bulk Of the business in the Street in the hands
of a very limited number of firms all Of them more
or less identified with the bull movement, which
began with the active speculation in American
Smelling and Reading The smaller commission
houses doing noticeaby little business
JANUARY DISBURSEMENTS is estimated
that the dividend and interest disbursements to be
made next month will break all past records.
reaching grand total of over S41 100000 compared
with Sl36583 $50 in January, 1905. The total dividend
payments are estimated at SCI 631 $685. against S59
sos $50 last January. and interest payments are
placed at $79,522.000, compared with $77000000 in
January, 1905
MOVEMENT OF MONEY-The banks lost to
the Sub-Treasury Tuesday $.148COo, and since
Friday lost $2.3S3OJ0. compared with gain in the
same time week ago of 81, OOO The Sub-Treas-
ury debtor at the Clearing House yesterday
for $30S,939. Aside from the direct express ship
ais of New-York funds are understood to have been
made It reported that 100000 was sent to
Memphis yesterday.
NEW-YORK GLUCOSE PLAN.-If the present
plan goes through the New-York Glucose Company
which is controlled largely by interests identified
with the Standard Oil Company, will control the
glucose situation It is proposed to merge the Corn
Products Company New-York Glucose Company
the Warner companies and other Independent con-
Germs of that character operating in this country
through a holding company.
STOCK EXCHANGE NOTICE-Secretarv Ely Of
the New-York Stock Exchange gives notice that
New York, New-Haven and Hartford rights in the
of executors, etc, guaranteed by an Ex-
change member or firm good without verifica-
ton by the transfer agent
BURLINGTON'S LARGE EARNINGS -Burling-
ton earnings for the las. four months increased
s25O000O of which nearly 100000 is net increase
In the year ending March the saving in opera
ton under His new management is estimated at
81. 600 600.
CANADIAN PACIFTC'S BIG EARNINGS-Earn-
ings of the Canadian Pacific for the third week in
December show increase of S272OO0 making
from July increase Of 50 1862 49, comparison be-
ing made with the same period year ago.
TEMPLE IRON COMPANY DIVIDEND.-Direc-
tors of the Temple Iron Company have declared the
regular seml-annual dividend of 3 per cent It is
through this company that the presidents of the
hard coal lines indirectly agree prices
PENNSYLVANIA COMPANY DIVIDEND
PENNSYLVANIA Company directors have declared the
regular semi annual dividend Of per cent payable
January 80 to stock OF record to-day.