New-York tribune., 1905-12-10

sos fSt .s-,ent It is said, however. that the
srsoulS. - stock have had good encouragement
tHls 5. ,,,-ran quarters. Strong. sturgis Co,
sroh 4slnabeer & Co. and Charles Q. Gates &
zrhc each took about NooV snaEes, s1ppotueo a
CO S,ac when It was inclined to sell on found
rnian 49, ~ stock IN the market and were not
8 goo9. = hid up Union Pacific was advanced
in5iAs,.,y Traders who covered shorts reported
sgst s,-s was a good deal OF stock IN places. but
tasl :. III IN other groups. It is said that the
nohs .Allinr Of Rock Island has been resumed It
leess h,y some of the active bull houses that
Is 80 prominent and very active traders are
one g short Of Union Pacific and were badly
hessAs ben they attempted to cover their shorts
9 re had bank statement
o. y. -ls.CoNDA AND ASALGAMATED.-The large
AN1.. n Anaconda and Amalgamated Copper
sds.ness s.s fulfilled a prediction made by William
foss o.ss.ssfeller between two and three years ago,
9, s..conda was selling around so COR 500 and
Fns, Fns.,-.y,ated around so a share The low price
hss hs stoolzs at that time not only caused anxi-
o -. = tbose who carried them margin, but the
tp s5s stockhclder who bought his stock at
bels s,,bar price also had reason 10 be per-
pasI y-ben the prices reached so low level
s.,. Wflisrn G. Rockefeller, who was then
oDe - - ~ both the Amalgamated and Anaconda,
'ls,o5 about the merits OF the stocks of these
Fss ,snies Mr. Rockefeller replied: Any one
- ,zr1s either Anaconda or Amalgamated Cop
W. s.,ls and holds on 10 them will never have
~ T..
~ .-oconda and Arnalgamate6 are evidences
F'a ,,,racv of Mr. Rockefeller's statement.
9 ~. -.sntly there has been little or no specula
H. Anaconda stock. Since speculation has
t'A % q however it has been leader among
- .orrer shares. The company pays 10 per cent
lns e was incorrectly printed yesterday. There
~. ~ sr,rt interest in the issue. indication
ssssh g presented in its position in the loan
~ cotton MovEAIENT.-According to The
.-s-,;al Chronicle the total receipts Of cotton
- ne week ended December s, 1906. were SOo7l2
-. against $3.50 bales last week, 3SO,GS the
-. - week and Ss1 23O bales the week before
=. The total receipts since September are
~ us bales against 497O,257 FOR the same period
- . decrease of 63S. .3z2 bales. The weather
=. .,nfinued fairly favorable at the South during
- ,,sat. Rain has been quite general, but as
.ss the rainfall has been moderate. Picking, where
=. ,lrsadv completed. has made coed progress
=. 4fe movement of the crop to market has been
rrsvrbat restricted by the disposition in some
.a.s - hold cotton Tor higher prices.
rp1E RAILROAD-The largest part OF the
.saas an Erie convertible bonds issued for the
.oea rf acquiring the Cincinnati, Hamilton
"a pavton will be taken by the syndicate formed
- thst purpose. The subscriptions by share
,,ss,. we're light. as the advantage ofered was
- Most of the shareholders who subscribed
- s,nae Monday last cancelled their subscrip-
go ,,nser the offer made by J. p. Morgan &
:. an Saturday last. Erie officers state that the
ems of the mortgage are such that 1t VIII not
- necessary 10 ask the stockholders to authorize
=, expenditure Of the money for improvements
~ betterrilents such are now being planned
1,.a -rilI result in increasing the systems earn
d. ,ryver by reducing operating expenses
copper PRICES.-Withn the last two weeks
lss Of several hundred thousand pounds OF cop
rsr for future delivery have been made at 1S
ss,+s Producers now report that there IS conslo-
CIr Cr7Clf ~
- nrces are subject to wide fluctuations. safes
:, broken lots are reported as high as 1s18 cents
sl known producer says that the reports OF
bsavv resales Of copper by China are grossly ex-
lsgeTated -,
smonHt lent in New-York by chicago panhs d
siss rates Is sloOoOO0 TO S1260O000. New-Eork ex-
baDye - 4e premium tells the story Generally II
80 discount al this time. The largest single
,uaurt loaned out is sl.O0000o by the Mercnants
Ian and Trust Company.
p7c IRON CERTIFIC ICATES-Regular pig iron
s,tscates at the New-York Produce E1change
were dun and easy Foundry grade also was duii'
Int url,ansed There were no sales. Prices for
rsrzsy closed as follows: Cash and December
g5Hsa7 January and February, 81 . 5t asheo'
h April May and June o3,nTs S9 2Ss!' . December
Jalaary February, March. April May ana june
1aSCT[ CTEARTNGs-The total bank cleaTings
lhe United States for the week enee9 @ @ 9a 81 te
l05 were $3275 S42 SEQ against Szeto,ioISss al
p7Aceding week and So 29lZt0,Sso II lhe CoiIe7p'
hg week of last year.
PT-BBF.R GOODS sTOCK-The Stock Exchange
- P1,l,ber Goods Manufacturing Company to quo
taHon in the unlisted department
FOREIGN MONEY MARKET;-Casiis money yafe IN
fgr short bills 3zQ38s per cent long bIs 31SSi2ts
sr ~ 60, p IoTon 90 marks 89L pfennigs Paris
discount rate per cent Paris exchahge on S- L91
dea Is francs p centimes. Bar gold IN honoon
was rs 10d.
FOREIGN SECURITIES British, GonsqIs L15 S5
money % So f for = me nenti@sg ITe9uh'' o
FOREIGN EXCHANGE CONDITIONS. = y
shumacher & Co. say:
Exchange has declined steadily since the Issuanee
Of cur last report, on account OF the hlgp Iasss @
On Thursday money loaned as high as - per SeIl en-
making the average f9r ne Z wee6 gI n such urgent
demand it is not surprising tnat loTtesn T,,e
cropped fully sc pound sgTag fsa sares seag it fh is quite
lkelv thai gold ir1ports could have been aTranged
s5ecially il the transaction had been undertaken
b one OF our national banks, which. we undeI-
rand, are able to count in their reserve
gsd they should engage for import TO TINS couhLa 1
s1ty dsys' interest at a minimum rate OF per
cent would be equivalent to about 52c pii1 pOii1.1
Aere 10 zS4 80 and at this price we are quite s1lS
importation of several millions OF gold @ [oI1 SD lie
De situation at present. while strained. does not
Prefer Thar secretaTv Shaw should deposit govern
Eent funds in Western banks TO relieve the slIua-
Tifbs-sg-ei ~ .1ol6 for America which would per-
hp more harm here by disturbing rcs Inc s ef
exchange we can only look at the market IN @ ono
Eathat is believe in higher Tatss 9t,s as s4S }Sa
s. monetary conditions permit Aitnougn, lhe
supply of cotton bills continues quite HpseraI We We
Understand there viii be a decided faIllng on
tact cotton has been shipped. and. as Europe Is
not paying the present price for ooLoon . 5ul T
exports In large Quantities are most unlikely Ins
prospects for grain exports. however, are very
right but this supply win haray, soSs - stroad
iaEard the first OF the year This inquiry ol, Io6
sTchange together with payments abroad, WnlcIiI
have been postponed owing to high money mere, WI
cause a yerv sharp rise in our exchange Marker
within the near future