New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-07-29
WALL STREET AND EXCHANGES


FOREIGN TRADING.-Forsign houses bougs.
800" shares in the local market. n London con
sols we're steady and japanese bonds firm. tndIca+
ing still hopeful attitude On the peace prospects
The mining department nado 4 good showing ard
copper stocks were noticeabIy firm. The last "a
OF the settlement is passing of without any IN
favorable incident and money continues cheap ar4
plentiful abroad Tbs French demand for gold II
Lcndon seems TO be adequately met By arrivals
from India and South Africa The Continent has
been buying stocks. and especially japanese bonds
ard generally the outlook is FOR more activity
MARKET GOSSIP-There Is revival OF talk
an early dividend on Rubber common The buv
ing still seems 70 be well informed although ths-=
indications OF pool manipulation az times II
velopr,snts IN the rubber trade are toward tts
control of the supply OF the raw material BY on-
Interest. and this nay preclUds dividends on Ruiz
bar common for the present. N view os the Iarz-
working capital required One OF the stories cur
rent an the strength in Illinois Central was tha+
Union Pacific would take over the road gua~
sntee something Ike that OF Burlington On th-
earning capacity OF Illinois Central the stockhold
ers. would probably srrsnuously object, al -
advantage would oe en- the Union Pacific sid=
London is still the bull leader in Canadian PaclSc
but there active bulls here also. Aont-eaI
houses were buyers and reported very little stocE
in the market There are several active pools 81
tie Pennsylvania group. with perhaps the mos
powerful in Reading II has rather extensive
Philadelphia affiliations. and OF its uiern5er=
clsrirg thar the stock will sell at par before rh=
dividend is placed on a per cent basis n Octobsr
Illinois Central IS materially helped by The scarcir
disclosed in the loan crowd The buying OF Lac<a
wanna is said have some relation TO the recert
advance in Nickel Plate. It Is n fact limited tha-
way has been devised 70 utilize the heavy Lacka-
wanna surplus. The strong Vanderbilt interest in
the road is worth remembering in this connection
The movement in Delaware and Hudson seems 70
be sympathetic
Hr0vENlE-N,T OF NTONIEv-rbe rsportad move
u,ents OF currency this week Indicate a gain in
cash held by the banks Of 81 sSS SO. They received
interior S6SS6 800 and sent to the interior
S. o2 500 including s21s7O00 national bank notes
sent TO Washington for redemption and $4,000
transferred through the Sub-Treasury to New
Orleans The gain from the interior 81 500
Receipts Of new gold S25 700. namely. S6542l0
on New-York assay Office checks. Sn5.1oo on San
Francisco mint checks and telegraphtc transfers.
and Sl06.6 $50 on Seattle assay ONCE checks. chiefly
for KIondike and Alaskan gold Ordinary disourss-
m4nts by the Sub-Treasury were s@S19,S00. Pay
ments by the banks to the Suo-Treasury for Gus
toms internal revenue. per cent redemption funds.
etc were S24 25S.000. The loss on Sub-Treasury
transactions proper was S9Ss.7o0 The total gain
from the interior. 81 2S46o0 and gold. S21355o
was So 200 Deducting from this the loss on Sub
Treasury operations proper OF 81 SS 100 the net gan
S1.4S66oO.
RAILROAD EQUIPMENT.-'1The Railroad Ca
zette reports orders for railroad equipment as
follows;
The Canadian Pacific Is building - sleeping cars
and tourist cars. The Chicago and Northwestern
has recently ordered 9 passenger cars rom me
Pullman company. The Hartman lines nave 81
dered ESQ steel underframe box cars and 90 sJeel
and Foundry COn1panv The CHICAGO. Rock IsIauc
and Pacific has ordered combination parlor snG
cars and dining cars from the Pullman COMPANY
and So combination smoking and oaggage ears :
7 TSe s. louis and san Francisco has ordered -
National
coal cars. postal cars and ID conoinaI9n gas
gage and mail ears from the American Car an. an
Foundry Company, and 100 coal dump cars non
the Pressed Steel Car Company. The Wabash 127
ordered 10 consolidation locomotives from the baIl
win Works. The Chicago Junction has ordered
1ogpapy Tbe NewYorIE Central and Hudson
River is building four-cylinder balanced tnsps..
has ordered , simple six-whesl switching and tS.
consolidation locomotives from the Rogers HoIn
Of the American Locomotive Company. Tor SepusN'
Der delivery.
ERIE'S NEW RAILS.-Ths maintenance Of vsN
forces Of the Erie are now engaged IN laying =
miles of so-pound steel rails the main track :
larger mileage has never been laid in any ene
year before. The Erie has always been noted ~
its good track. and the management finds that II =
necessary TO use a heavier rail on account OF tne
weight of the several hundred new engines tha'
have been purchased ia the last two years MGe'
of the rail being removed has been in track one
four or five years and will be used On branch lines
STRENGTH IN COPPER SHARES.-A laTss
copper producer says that the strength or ta'
stocks of the various copper companies Is au'
largely 10 the increased dersand FOR the meta
The rise in the price OF the metal said he. =
free from speculation. the big producers oeheN'
that a sharp upward movement would tend only "
disturb conditions that are satisfactory TO o"
sumner and producer alike,
CHICAGO SUBWAY.-ChicagO subway made =
new high record in the outside securities marse
yesterday. &. q. Gates 3 Co were large buyers
In the first hours trading in the neighooi
hood OF l00o0 shares changed hands. InsereS'S
Identified with the property declare that considers
bile buying has been induced by the excellent pros
poets OF the company. On the other hand man'
hold 20 the belief that the movement Is entirep
nanipulative and that the stock is being put w
I'm order to make a better market for the as
100000 bonds, OF which only about $4,000 have
been sold
GRAIN EXPORTS. - Bradstreets" reports me
exports OF wheat, including dour. for the weak
So. i4S bushels against 705S29 last week and LOIS
s6S last year. since July l. S.4s2J5s against Sls
ia last year. Corn. ,JS62i bushels. against IN
AGO last week and flSS+t last year, since july
s.7st0sS. against Assesses last year
NOT TO LEASE THE ORE L4AND.-Ths ssAs>-
ment credited to John Lambert. In Chicago. tnA'
the United States Steel Corporation Is about e