New-York tribune., 1905-11-17

WALL STREET AND EXCHANGES.
FOREIGN TRADING.-Foreign houses dealt in
Is 600 shares in local market, all sales. In Lon
don consols recovered most Of their early de-
cline of 3-16 per cent, but Russian is were again
extremely week at 81. a decline OF point and a
quotation within less than point of the low price
of the The copper stocks were steady, and
the mining department inclined to sell Off There
was a rather narrow market in London, in spite
of the fact that the settlement is out OF the way.
The serious situation in Russia is causing anxiety
in all foreign exchanges. and makes for conserV-
atism even when no nervousness is shown. The
Bank of England did not change its rate, and made
a fair showing in the return.
MARKET GOSSIP-London an early seller
of Ontario and Western, which has been acting
heavily lately. The principal bull account has been
on the other side of the water for some time past
There is, in fact rather better market In LONDON
than there is here. Kanawha and Michigan made
striking showing in the early trading. opening Two
points above the closing price of the previous day.
The road is controlled by Hooking Valley, ana
forms its link with the Chesapeake and Ohio.
The movement is based on buying stimulated by the
fact that powerful minority holders are moving IN
the matter of better treatment, maintaining tnat
the road is doing great deal better than the re-
ports show. z. H Hartman got credit for GOOD
deal of the early strength. and IL was even sus-
gested that the demonstration was to onset the
development at the insurance inquiry Z. B. NC
Donald was the leader of the traders IN Union
much stimulating. Clark, Dodge & Co. were the
hest b,1vers of Missouri, Kansas and Texas. II is
still insisted in the Street that most Of the STOCK
bought at present goes ultimately into james D.
tITs hands 1t used to be plentiful in London, but
is In demand there, and the Amsterdam supply IS
probably smaller than II been in years Charles
{, ;5ates e Co. were active the buying side. and
were noticeably prominent in Southern racine.
They were fairly heavy sellers Of stocks all around
on Wednesday, A A. HousInan & Co. and Splesel-
herg & Co were prominent IN the midday buying
of Snelters. Trade interests were reported 10 De
active again. The old merger stories in connection
with Southern steel companies are reV1vlng again.
In any such matter Tennessee Coal and iron mas
st the casting vote, and inside interests there
do not believe that any arrangement could be maze
bicb would better their position without unfairly
heluing the others. Wolf Brothers and Wardweh
& Adams who each bought 4,00o shares, MADE Redu-
ing sell over 141 The most urgent of the buying
seemed to be covering Of shorts with a strong ul-
dercurrent of clique manipulation. Matched orders
were plentiful Henry Brothers were active IN mis-
souri, Pacific which made better showing than II
has done lately. There is still very little sign OF
the regular Gould brokers in the market, but the
talk on the coming dividend is more conndent, al
Though there are some traders who believe recuc-
tfon would be better for the road in the long
run Western houses did not seem inclined 10 Ioi-
low the market far, and were among the moSt
vigorous sellers when stocks reacted in the last
hour. Foreign houses sold stocks rather freely
weak on the disturbed Russian situation. They
thought the afternoon reaction would have more
influence abroad than the early rally.
RUSSIAN BONDS-Russian Is are now selling
ar 81 decline of six points in three weeks. On
October 25 the closing price in London was so'
rTba1r are within less than point OF the low figure
touched in the war, which was ssA and was re-
corded Immediately after the disastrous defeat OF
the Baltic feet on May a. On the termination ot
the war the bonds rallied and sold upto s51. They
have therefore made more serious decline. rela-
tfvely to the time occupied in the movement on
the internal disturbances than they did on the Jap
anese campaign. Russian As are now selling six
points below japanese IS IN LONDON Wnicn are
quoted at s31s-
PENNSYLVANIA COKE SHIPMENTS. - The
statement of coal and coke originating on Pennsyl-
vania Railroad lines east Of Pittsburg and Erie
shows 1,072S30 tons for the week ended November
II and 3e214S45 tons for the year to November II.
against "a 1852 tons for the corresponding period
of last year.
CANADIAN PACIFIC.-A Canadian Pacific Off
Ger saws: 'The Canadian Pacific Railway in it's
quarterly revise of the maps Of the companys
lines iust completed, has added LIS new stations,
most Of which situated in the Northwest and
British Columbia This is the largest number OF
stations added by the Canadian Pacific Railway TO
its maps in any quarter. and shows the re-
narkable growth OF Western Canada
LACKAwANNA RAILROAD APPOINTMENT.
u. J. Byrne. commercial agent for the Lacka-
wanna Railroad at Cleveland has been appointed
ters at Syracuse, fill the vacancy caused by the
recent death of William E. Wood. The appoint
rpent is effective on December /. MI Byrne, prior
to his connection with the Lackawanna Railroad.
represented the Lackawanna Line, a fast freight
service operated by the Lackawanna and Nickel
Plate roads
APPLICATION TO LIST-Application has been
made to list the following securities on the Stock
Exchange: keystone Telephone Company. OF Phil
adelphia 100000 first mortgage per cent bonds
1885 Panama Railroad Company, 100000 additional
first mortgage Az per bonds due 1877 Western
Maryland Railroad Company 100000 general Hen
and convertible per cent bonds of 1852 and N5,-
es5. 400 capital stock.
STEET. PLATE AND TIN PLATE.-There has
been no advance IN steel plates. but producers
say they expect TO receive instructions to raise
the price 1t Is believed that tin plate will
be advanced until early next month
STOCK EXCHANGE SEATS.-A seat on the
New-York Stock Exchange has been sold at ss2-
900 decline of 81 800 from the previous sale.
SOUTHERN CURRENCY DEMAND.-on 800
600 has been sent to New-Orlean- this week from
New-York through the Treasury. which induces
the belief that the demand foI money from that
aunrte- is pretty we'll suppled.s
NEW DIRECTOR FOR BOWLING GREEN