New-York tribune., 1905-08-18
WALL STREET AND EXCHANGES.

FOREIGN TRADING--Foreign houses uesI- - - -,
40 900 shares in the local Market uuSiis
shares In London consols were steaoS' anu NO'
a,.-, bonds practically unchanged Copper stocks
were easier and the mining department. rather IN
ol,,Aa 20 sell off The Bank OF England dld not
change its rate, and made only moderate return
showing a rather low proportion or reserve 20 "A
hilities in comparison with last year. In spite OF
a fair gain in bullion the week Money was easy
enough however. and IS likely TO continue So
MARKET GOSSIP.-There IS good reason for De-
I,eving that the active members Of the Rock Islaha
control are in the market again 1t IS UNDERSTOOD
that w B. Leeds bought 1900 shares OF Union IA
cihc on Wednesday. This Is probably behind the
noo1 activity in Rock Island common. although
there is no indication that Reid. Leeds or the
Moores have been buying the stock Brokerage
houses which get a good deal OF business from
Kuhn Loeb & Co. particularly bulhsh on
PENNSYLVANIA and it's controlled stocks. Gould and
Connor brokers credited with the principal
b,ying in Missouri Pacific and the minor Gould
stocks ]. S Bache & Co. bought 1000 shares OF
Missouri Pacific and advising purchases 10
their customers. c. B. Macdonald. after months
vacation made his appearance on the floor. lie
signalized his return by selling something like
5000 shares of stock around the His selling
of Union Pacific thought TO have totalled some
thing like 250o0 shares. Traders considered this
good selling and were inclined 10 take the short
side In places. Among the active wire houses Wolf
Brothers were conspicuous buyers. purchasing
among other stocks. 5000 Union Pacific and a good
deal of the Rock Island sold early. Tate & Hays
quite heavy sellers OF stocks around the room
They were conspicuous the side on
Wednesday Traders call this good selling, but
hesitate to take the short side. as the market
seems to absorb it easily enough E Meyer. jr..
was the most important afternoon buyer OF United
States Steel taking 100No shares in block
and making the stock sell 81. Traders generally
follow his buying in Steel. as he is generally prom
inent in the Morgan underwriting syndicates and
has influential connection
NATIONAL BISCUTT-A large holder OF Ma
tional Biscuit stock says:
II any stockholder OF National Biscuit is dis
turbed by the unfounded rumOrs circulated in the
financial district he has the privilege OF receiving
the facts at the companys headquarters. do
is being carried against this company, but
and in order to satisfy myself called at the COM
pany's headquarters for information. The facts
M my foTmeT condence in the real prosperity Of
the company and the integrity and efficiency OF it's
paign against the stocks held very high ouin-
Ion of the biscuit company as a first class indus
trial and my talk with President Green recently
has not only restored my confidence, but given
ever entertained before
BALTIMORE AND .oHIos EARNINGS
statement of earnings from traffic and expenses
Of the Baltimore and Ohio Railroad. exclusive Of
the controlled and affiliated lines. for the month
of July. 1895, being the first month of the new
fiscal wear, compared with July. 1904. shows the
following: Gross earnings, 1905. s5.7es $50: 19O4
$J.274.542 increase S494.2SS Expenses 1905 S.
750. .s0t; 1904. SS.425.657 increase. sS25.247 Net
earnings 1905 S2.O17 926; 1904 SiS4SSS5; increase
$l69041. The lines included in this statement are
the Baltimore and Ohio Railroad Company the
Baltimore and Ohio Southwestern Railroad Com
pany. the Ohio River Railroad COMPANY West
Virginia Short Line Railroad Ripley and Mill
Greek Valley Railroad. Pittsburg and Western
Railroad Company. PittsbUrg. Painesvlle and
Fairport Railroad. Pittsburg Cleveland and To-
ledo Railroad and the Pittsburg junction Railroad
AMERICAN LOCOMOTIVE was a de-
mand for American Locomotive preferred from
brokers representing substantial Wall Street inter
and the character of the buying suggested an
Important move in the issue AS the stock is one
OF the best industrial investments ON the list and
as the company has envisbie record in the mat
ter of earnings and conservative management II
is not unlikely that the preferred stock will seek
a much higher quotation level in the current bull
speculation. There is large amount OF the
issue available for speculative purposes. most Of
1t has been bought by actual investors
HEAVY STEEL ORDERS-It is believed that
the new business in rails this month will aggregate
10000 tons. instead OF 10000 tons. as predicted
market for material and announcement of addi-
plate tonnage is also heavy. Within the last few
days the plate mills principally those outside OF
the Steel Corporation. have received nearly 5000
tons of new business
NORTHERN SECURITIES NEW HIGH REC
oRD--Northern Securities sold on the curb from
ls9 10 ls1. the last named figure making high
record for thestock. The close at 1881 to lS9.
WABASH k.ARNINGS.-Wabash earnings have
Deem distinctly disappointing far IN the current