New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-25
vaTI STREET AND EXCHANGES.
ebi4 Total sales

-opr7rN TRADING-Foreign houses dealt in
Al M shares in he local market. all sales In Lon
A., oonsols were shade lower and the general
~-s-ke- was heavy Copper stocks showed re-
-+,o,s-v +erdencv which was also noticeable in
sbe mining department and foreign bonds. LiQui-
sstion IN anticipation OF the settlement beginning
Wednesday was the explanation for the depres-
,,on abroad Money abroad is likely to rule hard
mi, week and next in view Of the fortnightly set
element and the requirements for the end OF the
month both in Paris and London
MARKET GOSsIP.-Charles G. Gates & Co. were
che heaviest early buyers OF Pennsylvania, taking
about 1000 shares This seems to be part OF the
movement based the dividend prospects Of the
controlled roads The stock was rather readily
supplied and the selling looked good. It looked
as If Jacob Field and his friends were putting out
stock round the roon or, at least, taking profits
IN the long side. He suspected Of a good
deal Of the selling of Southern Pacific in the first
hour Perhaps the best buying IN Southern Pa
cisc was by c. NJ Oelrichs & Co, who took about
1904 shares. There was strong bull point on
the Pennsylvania group OF stocks at the opening.
The best bull argument was. of course. the highly
probable advance in the Norfolk and Western
dividend on Wednesday, which should be good
working capital for the bulls. as the Chesapeake
and Ohio and Pennsylvania dividends come soon
sfterward. Canadian Pacific weak any
thing in the early trading. It sold of in sympathy
With the decline in London, which seems to in
dicate that the fortnghtIy settlement there will
find rather unwieldy bull account. The adj
vance in Delaware and Hudson looked at first as
If i were manipulated for the sake OF effect, but
The buying has materially improved in character.
Apart from the earnings of the road, which are
considerably over % per cent Of the stock, the
buying is of a long sighted investment character
and by people who declare that there is a poten-
tia Is per cent in the companys ore lands. Hooley
Learnard Co. with some other active wire
houses, were advising their customers to take
profits after midday. Such expressions OF opinion
were not absolutely bearish, but rather indicated
that the top of short upward swing had been
reached in the opinion of the writers. c. B. Nc
Donald was perhaps the most active trader
the floor at time. buying Southern Pacific and
bidding up Norfolk and Western with fair effect
4 canvass Of forty or more representative commits
sion houses made since Monday morning shows
rather extended bull account than at any
tine In some weeks.
PROCTOR & GAMBLE.-A special meeting Of
the Proctor & Gamble Company has been called
for Tuesday, November q. at the office Of the
company at Cincinnati. to take action upon pro-
posed increase Of the capital stock from S6.oCo00
10 10000 The increase will be offered TO holders
only Of the common stock at par. Fractional shares
vii not be issued.
ADVANCE IN PLATES.-Eastern manufaclur-
egs Of steel plates have put up the price y on
small lots The impression Is that a general du-
vance Of 81 ton in the East VIII go lil'o e4A0o
within the next week or two. The demand Is eA-
oepuonally brisk, and lot OF business Iha' laS
heretofore been turned over to Western plale COii
Germs IS now finding its to the eastern pi3i,17
CANADIAN PACIFIC.-It is reported In Loi'uoh
that the Standard Oil interests have been heaVy
buyers Of Canadian Pacific shares. The CANADIAN
Pacific company has advanced the price OF us
lands in the Northwest
CHICAGO MONEY RATES.-Money in Chlcaso
is $751; per cent. and it is cheap at these rates
Chicago bankers do not look for another aoVai'0
al the moment but the industrial situation Is 50
strong that frmness in rates may endure se'ei@l
months. ,.-or+
REPUBLICAN IRON AND STEEL-An ln'eie0
OF the Republic Iron and Steel Company says tiia
q plan for having back dividends on the preIerIeo
stock has been practically agreed upon anu an
announcement as to its details may be Hiau IN
week. II is expected that the annual iePO+
also be made public this week. =,
NETWORK CENTRAL-The present actiF1'y -
New-York Central stock is based cHleHy ~ -
prospective earnings and to some extent oA W
possibility of rights in the near future
LORD & TAYLOR DIVIDEND.-l~oro q lay
lor have declared the regular quarterly
Of IL ner ce,t On the common stock. payable NO
vennber !, to stockholders Of record on oc'0''- ~