New-York tribune., 1905-07-20
WALL STREET AND EXCHANGES.

FOREIGN TRADINCf.-Foreign houses dealt IN
5000 shares in the local market. on purchases. In
London consols were heavy and the market in
fuenced to some extent by the failure Of Mocatta
Sons & Brown. old established brokerage house
The mining market rather heavy, but copper
stocks were noticeably strong under the lead Of
Rio Tinto. Money easy and should continue
there is nothing in sight to disturb the mar
ket. The international political situation was hard
" considered favorable, but consoIs are perhaps
more Influenced at present by the possible dissolu
ton Of Parliament.
MARKET GOSsIP.-C. G. Gates & 20. were
prominent both sides of the market in the fore
noon. but, iu spite OF purchases IN both Reading
and Illinois Central were suspected 10 have sold
stocks balance. Houses with political connec-
tions say that they carrying Metropolitan
for their customers bought lower down but that
they have been doing nothing in the market for the
last few days They have had part in recent
movements in Brooklyn Rapid Transit. Boston
houses seemed to have fairly strong bull point on
Amalgamated Copper. Moore & Schley, Wolf
Brothers and number OF other active houses
bought and bid up Northern Pacific on the sharp
advance in Great Northern preferred. In the face
of James ]. Hilrs denial. the rumors of a special
distribution account of Northern Securities
profits are curiously persistent They were used 70
help the early rally in Union Pacific Transactions
in the first hour were even smaller than they had
been On Tuesday but improved in volume after
ward. There seemed TO be little more activity
from the Hoffman House clique. and there was
rather better showing OF business among the West
eru houses after II O'Clock The larger wire houses.
however. still depending largely on the cotton
aTket for public support and operating expenses
The Illinois Central dividend had probab bly, been
something OF a disappointment. as practically
everybody had expected per cent basis. w. B.
Franklin & Co. and other houses with an active
Western connection offered St Paul down TO Isl.
They seemed be testing the effect OF the rally
in the wheat market. There did not seem to be
much stock for sale on the decline. and Newborg
& 60. and the specialist rallied the price rather
easily. Some further pool liquidation in Brooklyn
Rapid Transit was reported during the day.
ILLINOIS CENTRAL DIVIDEND.-The directors
of the Illinois Central have declared a dividend
semi annual OF per cent the company's stock
and an extra dividend of One-half OF per cent this
being the same as was paid the last preceding
dividend period.
UNION PACIFIC DIVIDEND.-Owing 20 the
absence from town Of many directors of the Union
Pacific, the dividend meeting scheduled for this
week may not be held. 1t is likely. however. that
next week quorum will be obtained. and that the
common stock will be advanced to a per cent
basis.
800" EARNINGS MISUNDERSTANDING OF
the Minneapolis, St Paul and sault Ste. Marie
for the second week in July show increase OF
the month Of $642o. comparison being made with
the same g period period year az sgo- g.
Francisco Railroad Company has applied to list
81 l0i,0 go additional per cent refundng mortgage
phis Railway Company has applied to list S957 900
additional per cent rsfundins mortgage bonds Of
is IT TINE TO sELL?-Montreal-J w Gates
and party reached here from their fishing trip on
t1e way pack 20 NsIW-Aorh- nj. Gates expressed
STEEL POOLS REAFFIRM PRICES.-At meet
ings in this city yesterday OF the steel plate.
structural Steel bar iron and nut and bolt pools.
the present prices were reaffirmed.