New-York tribune., 1905-08-09
WALL STREET AND EXCHANGES

5000 shares IN the local market. all purchases
In London consols showed feature OF interest
but the strength in Russian and japanese bonds
indicates hopefulness about peace prospects The
mining market was heavy. but copper stocks wsra
noticeaby strong. Altogether conditions after tbs
holidays are about where they were on Frdv
Money continues easy abroad and except for vsrv
occasional demands is not likely 20 harden mate
rally. Very fair buying was reported in Canadian
stocks and the outlook for activity in our Issues
is considered good.
MARKET GOSSIP-TEe feature or the early
trading was the heavy selling By Wolf Brothers
round the room. The realizing was most con-
spicuO1s in Erie. where they are estimated 70 have
sold 0.ooO shares They were among the most
active OF the buyers OF Erie and other stocks
in the recent past Many traders are look
ing for advance in AtchisOu stocks ana OF
kindred roads There was an early movement in
Denver preferred, and a general campaign in
stocks Of the southwestern roads s talked Of
There IS a bull account OF considerable standing
IN Rock Island common. Traders did not pay a
great deal OF attention to James J. His conserva-
tive utterances the crop prospects over the dis
trict covered by the Hill system They say that
he is always far pessimistic than the Oeca-
sion warrants, and report that the recent pur-
chases OF Northern Pacific have reduced the f0a--
ing supply until the stock Is scarce in the loan
crowd. There appeared to be a considerable line
Of United States Steel preferred for sale at Ia
Traders thought this long stock and reported
the market rather slow IN absorbing IT, The Nor
gan interest is openly bUlsh not merely on the
Steel stocks but is believed TO be encouraging
speculation for the rise elsewhere. There is some
evidence OF manipulation In the movement in
Pressed Steel Car People who ought TO know say
that they are getting good deal of business, bur
are forced by competition to accept it al very IN
reuunerative rates. The strength IN Canadian Pa
cifc was due indirectly TO London The advance
in Canadian stocks there was one OF the features
OF that market after the holidays. Both Montreal
and London picking up what little stock there
is ahoat in the street here 1t is stiH said thal
Baltimore and Ohio Is TO DC carried 70 10 The
bull point was popular among such active trading
houses as Moore * SChTey and A \ E1ousnlan &
Co. who were both conspicuous among the buyers
There is not much Of the stock in the Street
The recent investment absorption is indeed proo-
ably the best source OF strength Peoria and Eas-
ern issues have been strong on what is considered
well informed buying. Apart from the earnings.
which are factor. there is very little doubt tAa'
some Of the recent purchases have been oaseC o"
a belief that the road is destined before long 10
pass into Vanderbilt hands
DUNS INDEX NUIBER--DUn's Index NA'l-
Der Of commodity prices prOpOrtioned TO consuinp-
ton s99.S46 on August /. against S'>-SL- Oh
July 1 and SS7.227 a year ago The rise N quo'-'
tions of over IL per cent during July was a some
what unusual proceeding. and can Be traced 70
two principal causes-the excessive heat that al
fected dairy and garden products. and the upward
tendency of the materials used in textile ana
footwear manufacture. PeriShable articles 'I l'oI
rendered extremely expensive oW--7 u 40
warm weather, but there was something more per
rnaneut in the strength Of hides cotton, wool etc
AS a partial Offset there was much lower ever %
quotations for grain in response TO sallslac1oLy
progress Of the crops. which promised an @-'f
WELD OF the leading cereals The breadStiIs cl'S
had been inflated by unsettled weather and specu-
Iative manipulation. but is now on a more EauohaI
basis. Moderate advances occurred in all the olasr
classes suggesting that consumption OF the heceS
saries of life is on an exceptionally large scale I'
aT6r that an
pIoyed at good wages. Comparison with the cor
responding date last year shows an advance Il
commodity prices of almost - per cent
CANADIAN NORTHWESTS BUMPER CROPS
According TO the Territorial crop bulletin Jus'
issued the heaviest crop in the history q Jhs
Northwest Territories is about to be harvested N
first class condition, no rust or other Glse~iS
has appeared The average yield Of spring WAeA'
is estimated at twenty-five bushels per acre IN'
acreage and expected yield Of the various grains
are as follows: Spring wheat. L10S.212 acres Il
72S 500 bushels. FAN wheat 42S6 acres sS0v''
bushels Oats. 594.sS1 acres: 2t5235oo bushes.
Barley, 9S.555 acres; 2,62Soo0 bushels. flax i'-'
acres lac 100 bushels.
HEAVY Rail-. BUSINESS-In the current monp
some very large steel rail orders are anticipates
IL is estimated that negotiations are now unI.~
way for the purchase OF 100000 tons, OF W. W.
145Ogo tons are Bessemer rails. An order for NV
tons OF open hearth rails is likely 70 be placed ~
a southern railroad company this weeS l"s
Tennessee Coal and Iron Company has sold up rs
possible capacity for considerably more than :
wear and this has given rise 70 the report th~1 -
will increase its output
NEW COTTON EXCHANGE MEMBERS [is
following have been elected members OF tae e,tOt
ton Exchange: Charles @. Abercrombie or nv.
xomery Ala; StefanO CattaneO Adorno, or tfel1C--
Italy; Jules CasSard. OF New-Orleans: SpehSS3
Waters and d NJ Van vliet. of New-York. ana
Joseph Newberger. OF Grenada. Miss.
TO VOTE ON EXTRA HOLIDAY QUESTION
The members OF the New-York Cotton ExehSngs
will tomorrow ballot the petition 20 make seq
teulber 2 al Exchange holiday. =
GOLD FOR NEW-YOEtk.-San Francisco hAS
sent New-York $4,000 new gold.