New-York tribune., 1905-08-10
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
$4,000 shares in the local market. all sales In
London Consols were rather heavy but the foreign
bond market acted we'll indicating a hopeful peace
outlook Copper stocks were again nottceabIv
strong. The mining market was without feature
Money was in plentiful supply and the further re-
duction In bar gold was confirmed This indicates
that the French demand for the metal is regarded
with Indifference In the London market Business
was light in all departments abroad. but it is re-
ported that our stocks. and especially the United
States Steel issues. are slowly coming into favor
again.
short selling the afternoon decline especially by
the New-st. clique active on the bull side in
the early part of the summer. Their sales were in
Union Pacific. Reading and ArnaIgamated Copper
principally but also included other active issues
some renewed buying of Missouri, Kansas and
Texas issues for Amsterdam was reported from
London. but failed to stimulate activity in this
market Both common and preferred seem 10 be
largely held abroad. There is decidedly better
market in London than there is here National
Enameling common broke badly on the passing OF
the dividend The bull movement of the last few
weeks was obviously stimulated to sell stock on.
To judge by the gossip Of the the bull points
then came from people with the best possible
means of knowing the real condition of the COM
pdny. section of the larger houses, and espe-
caily those with foreign connections advised Gus
toners to let the market alone until something de-
finite is known about the peace negotiations
Houses with foreign connections were heavy early
sellers of Union Pacific Some Of the traders esti-
mated these sales at 3OC00 shares. 1t was quite
impossible buy equal amount in London
and the advance Immediately after II O'clock was
due to efforts 10 get the stock back Traders
thought the selling very we'll taken All the
active houses were not bulIsh for the immediate
present. One firm advised its customers that the
market looked toppy. but suggested purchases on
any moderate reaction. and were avowed bulls OF
Amalgamated Copper.
MINNEAPOLIS. ST. PAUL AND SAULT STE
MARIE.-The common stock OF MINNEAPOLIS St
Paul and Sault Ste. Marie has advanced steadily
in this market to price that has had few paral-
lels in the case OF a per cent stock. The con-
hdence OF the buying above 1S5 may probably be
taken as a certain indication that the management
intends. within reasonable time to advance the
dividend rate to per cent per cent The
Canadian Pacific owns 81 per cent of both classes
Of stock The company owns nearly 100 miles of
granger railroad running northwest from the
Twin Cities TO junction with the Canadian Pa
cihc across the border. and northeast from the
Twin Cities TO Sault Ste. Marie.
CHICAGO GREAT WESTERN-It is reported
that the report 10 the London finance COMMITTEES
of the Chicago Great Western Railway Companv
which Nice-President Oppenheim will make on his
arrival in London will be the best ever presented
by the company and will show large amount of
surplus cash in the treasury.
WESTERN MARYLAND.-The committee on
stock list of the Stock Exchange directs that
S,402@O additional first mortgage per cent ffty-
year bonds of Western Maryland be added to the
amount now on the list. making the total sS s2i COO
MOVEMENT OF MONEY.-The Sub-Ireasury
paid to local banks sl0OoO on telegraphic order
against the deposit Of gold at the San Fran
cisco Mint. The Sub-Treasury transferred for
local hanks 100000 to New-Oreans.
NATIONAL BISCUIT DIVIDENDS-The board
of directors of the National Biscuit Company yes
terday declared quarterly dividend OF Ia per cent
on the preferred stock. payable on August 81 to
stockholders OF record the close of business on
August IT, and quarterly dividend Of l per cent
the common stock. payable on October Ia to
stockholders OF record the close of business on
September IS