New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-20
WALL sTREET AND EXCHANGES.

1zoRF1c4oI TRADING-Iondon sold about $4,000
shares distributed over the international Hst-
American stocks in London were rather heavy
There were few small gains parity. but as
a rule quotations were X to = per cent below New
York Copper stocks were noticeably weak Con
soils were heavy and Russian IS depressed although
the latter rallied little in the later trading The
mining department inclined to sag
Money was in fair demand IN London IN copse-
ouence Of the preparations for holiday require
,nents and the pull on that centre for gold by
Paris. Berlin and South America. Money should
continue stiff UP TO the end of the year, as the
settlement begins Immediately after the Christmas
holiday. Exchange operations to re1ucsthe amount
of foreign money outstanding in loans here seem
probable
MARKET GOsSIP.-Edward Sweet & Co. and T.
l.. Manson & Co. were among the heaviest buyers
of AmaIgamated Copper about the time the price
reached par. The Gates following probably had
some stock for sale the advance as they bought
a good deal TO support when the price broke on
Monday morning. A number of active commission
houses report rather more disposition on the part
of lenders of money TO scrutnnize collateral IN
loans As result they obliged to spread salt
on certain high priced irdustrials over a number
of loans instead of attempting to borrow on them
in large blocks. c. B. Macdonald. Wrenn Brothers
and other active traders were we'll supplied with
orders TO bid up the industrial group. They paid
special attention American Smelling, Amalga-
mated Copper Sugar ano other prominent stocks
OF the same class. Washington r. Conner stated
that there is quite active market IN Chicago
Great Western in London. There have been indica-
tions for little time past that movement
in that stock might be expected. There is some
market in Amsterdam and occasionally good ono
in London Activity not infrequently starts on the
other side
The HawIey-Gates pool Is still credited with all
the activity there is in Colorado Fuel Its opera
lions were necessarily suspended on Monday
account of the uncertainty in Chicago. SONG of the
larger commission houses not SO bullish as
they were. J. s. Bache & Co. the opinion OF
H A Sheftel. their floor representative told their
customers that the market a sale the
morning advance. American Sugar continued to
act as well stock in the market Houses
with Washington connections particularly bull
ish from which the usual inference is drawn that
certain of the politicians there interested J. W
Davis & 60. and other houses credited with bust
ness for the larger financial interests sold Union
Pacific and other railroad stocks. but were not
pressing anything. The selling OF Southern Pacific
was considered all the significant Union
Pacific was the strongest railroad stock on the
list The foreign following Of the Hartman in
terest have been selling steadily ever since the
publication Of the report. They are. however. buy
ing little preferred. Hooley. Learnard & Co were
again BUYERS of Mexican Central. taking good
deal Of stock during the OF the day
PEOPLES GAS DIVIDEND CUT.--At meet
ing of the board OF directors Of the Peoples Gas
Light and Coke Company yesterday the proposition
made by the ofloars OF the company in Chicago
10 ctv authorities offering a S0-cent rate for gas
was discussed and the action Of the officers was ap-
proved by the board. The directors decided to re-
duce the dividend rate to a per cent basis. that
course being made necessary by the offer 10 reduce
the price of gas TO 80 Cents Il IS estimated that
the annual report OF Peoples Gas will show q sur
plus of $4,000. increase Of a.2oO,ooo for the
year 1906 This will OFFSET so-cent gas, which viii
cost the company about 100000 annually For an
other thing the annual charge against gross for
bad debts mains abandoned. etc, is s per cent.
whcn Is very high The company's balance in
hank Is said to be S2.nooooa.
CASH FOR cHIcAGo.-There have been no