New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-04-29
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt III
900 shares in the local market. buying on balance
In London consols were heavy. but foreign 49,
were much steadier. as the French government uS
claims the responsibility for the warhke atIituue
90 the French press The general market was
o,1iet and the last day of the settlement passed
off without hitch The demand for money over
the end Of the month was easily satished- 1heIe
vas no news Of consequence from the Far East
MARKET GOSSIP-Urgent pool Liquidation was
feature in a number Of stocks in the early trad
ing The American Locomotive pool. understood 70
be Mr.. HoadIey and his friends. was throwing Over
stock as fast as the market would take u 1hey
were successful enough in marking up the price In
the recent past. but had not begun to distribute
stock when the break came and had consequently
no one to sell IT to. American Smelling was announcer
of the stocks which suffered from pool which hao
rather obviously Overstayed it's market There are
some strong holders OF Shelters common. and as
the pool has large profit on paper 1t Is not
doubted that 1t get out at fair figure me
Gates following were said TO have renewed ther
liquidation in Louisville Some OF the bulls OF the
stock are understood to have been hurt in the de-
cline in May wheat. Chesapeake and Ohio was
rallied a little from the low point OF the day. but
there seemed to be stock for sale on any recovery
There is still probably fairly active pool. but us
following has been considerably reduced by the con-
sentative Pennsylvania action on the Norfolk and
Western dividend. A careful OF the prtn-
cipal houses shows that the banks have not been
calling loans to any extent worth mentioning cans
for margin have been well responded to- There IS
not much indication that the small outsider has
been caught to any extent in the break The pool
which loaded up with Republic Steel. Sloss-Shef-
field and Tennessee Coal and Iron on the now col
lapsed Southern merger negotiations does not
seem TO have able to sell all its stock before
the general market break, and was forced TO hqui-
date in the last two days. Western houses sold
Colorado Fuel on the strained relations between
Gould and United States Steel
COPPER MARKET PRICEs.-John Stanton. the
expert in copper affairs. says:
A great fuss is being made ever the fractional
for this slight reaction When shipments COM
mence by boat to New-York in the spring. it
a difference of nc pound In the metal,
and the consumer is not slow in requesting at
rate Then, again. the Equitable affair and other
matters of public interest tend 10 create feellng
outside of small retail lots are sold up TO July
The market is somewhat dull put that must al
can be no evidence of weakness when the exports
eTal business in trade channels that consume cop
per are active. and the next four me nths will, IN
serious declines. neither do 1 anticipate any adj
yances from prevailing prices W i me Sn f
in its history, still consumption IS keeping pace
with the output. There is but minimum Of spec
ulation the metal now. which leaves the market
in better shape TO respond 70 actual cohultlOils
rather than to fictitious ones invented 70 serve IN
divldual ends.
A MARKET oPINIoN-A conservative banker.
in summing up, the situation. said yesterday:
nothing
are becoming cheap their merits The episode
time and there is nothing for any one to be
frightened about So far as Sanklng condltlonS
as can be. and the money outlook is entirely salts
n IafGTg more e than quidstion Of slightly over
grown speculative account
MOVEMENT OF MONEY.-The reported move
nents of currency this week, including Thursday
Of last week indicate gain of 80 SOL SEQ in cash
held by the banks. They received from the in
terror S62471G and the interior S3622 800
| including S25OOOO transferred through the Sub
Treasury TO San Francisco. and $293 O0O national
bank notes to Washington for redemption The
total gain from the interior. S2624O0 and new gold
SS619 800 SS.4s6.5oo; deducting the loss Sub
Treasury operations proper 6S4sOO. the net gain
was S2.s5l.SOO.
! GRAIN EXPORTS 'Rradstreets'' reports the
exports Of wheat including -four. for the week al
1.26c S6 bushels. against 1610SSl last year Since
July 1, 52S0S 230 bushels against 12l 72s S47 last
Corn. LsS576S bushels, against 22s269t last
week, and l9Ol9S last year. Since July l. g. 26s an
/ bushels against iS925.499 last year
RETURNING UNITED STATES DEPOSITS
The amount of money that will be paid into the
treasury by the national banks under Secretary
Shaws call due May 10 aud July l. is $50 600 COO in
round figures. OF that amount the banks have al
ready paid in a,S1OCO leaving S270OOeOO vet to be
received. The amount OF government money in ma
tional banks, by payments already made has been
reduced 10 &0ou0,00O and when the whole ar,ounr
is paid in VIII be stin further reduced In nearly
S62.G000G0 There paid in on Thursday SS4e 600
WESTERN NEUTRALITY-SUSPICIOUS. Ia the Sso
0GG00 Western Pacific IS totalled nearly If NOT
quite S25a00ooe On account Of heavy wi hdraOals
regular subscribers are likely TO get less than ~
per OF the amount applied for
OREGON SHORT LINE-The C,raeo, SA.
Line Railroad Company has applied 70 Ust ON che
Stock Exchange SS.0OOOOO per cent refun6ina
twenty-five year gold bonds