New-York tribune., 1905-12-23
WATT, STREET AND EXCHANGES.

vopE1cN rRADING-Eoreign houses deai1 -
15oo0 shares in the local narket' al o+,.c+ad
Tondon prices as a rule were lo"el' - rTbarA
.oat-, bv the serious situation IN tEnssla-
asaii w +o-,oI change in foreign discount rates
Ttera will be no trading on the LONDON oto0A -
change to-day, Monday and TUESDAY
nTAREET CossIP-The runaor Of corner III
r-,ion Pacific continues There IS strong sUS
picion that a prominent Broao-sC opet@to- -
i. bidding up, where 1t could be done cheaply' IN
nr5a - distribute both Southern Pacific and Union
r,ao,Ac The best of the buying in Metropohtaa
Securities was by such houses as T. l. MAnSo4.
o. and Halsted 6, Hodges Ore OF the II'cS' ~, -
nortant of the recent buyers on pelns 80
whether the remaining so per cent Is HAS+y ~
called in the near future retorted tndI
o-,Id bA q bull argument" The movernent III
pennsvlvania had long been preoActeo' anu i7--'
looked as If It were under way Ine OuS-IS -
,ood as II came from Herrtck, Berg & Co.. mar
shau snader & Co. and other houses which nave
+ baen closely associated with the recent actlVlty
=, ool i,dus+riaIs Foreign houses reported that
raI+imore and Ohio the bull point IN LonooH'
and probably bought little of it The price move
roent Of the last three weeks seems 10 lHo4cate
some accumulation Of the stock, ana speciallsts
+binl, that it would not be difficult to carry II
rtgLa- esnecially with possible year outside
1oIIou5ne There has been some buying OF sugar
hv trade interests in lower wall street VINO nave
not been active in the market for years They
,rsed in former days to form substantial part OF
ha HaVeLQeyeT P@OSNS-S
BOSTON short interest but probably not enough to
make the bear account alone a sufficient reason
for advancing the price. Philadelphia houses are
buying Reading and talking hopefully OF the labor
situation although some OF the traders suspect
that they get their buying orders from an active
speculative house with strong Western Affiliations
The heavy buying of Union Pacific by Edward
Sweet &, Co. in the afternoon offset the sale OF
10000 shares by J. J. Manning and some distripu-
ton by A Upper & Co. who were buyers IN
quantity earlier in the week There was no.
ticeabIv bad market for Illinois Central. One OF
the foreign houses which had few hundred shares
to sell reported that buyers were not forthcoming
when the stock was offered down This IS one Of
the stocks which has recently been put up for
effect with a consequent poor market to sell in
MOVEMENT OF 1lONEY.-The reported move
ments Of currency this week Indicate a loss OF
onlv $s29 500 in cash held by the banks. in spite
of the large shipments to Chicago. The banks re-
celved from the interior $8965600 and sent to the
interior $43655,1G0 including transfers through
the sub-Treasury Of $150oGO0 to Chicago and $780,,
OoO to New-orIeans. and s25s2.OOO national bank
notes sent TO Washington for redemption The
loss to the interior was S4,6S9,000 Receipts OF new
gold SLS2S,9O0. namely: SSS1.4O0 on New
York assay Office checks. $96S 1O0 San Fran
cisco mint telegraphic transfers and S24.4o0 on
Seattle assay office checks. Ordinary disburse-
ments by the Sub-Treasury wers +23.5791O0; pay
nents by banks to the Sub-Treasury for customs,
internal revenue per cent redemption fund, etc,
were $21,543,OOO. Ihe gam on Sub-IreaSury opera
tions proper was g 2Oa6,1G0. The total gain from
the Sub-Treasury and gold was s3S60.000:
this from the loss to the interior of
81 6S5, 500 the net loss sS9,50 The loss TO
the interior was caused entirely by the remit
tances to Chicago necessitated by the bank fail
ures there. TIE amount OF cash sent 20 Chicago.
including transfers through the Sub-Treasury was
close TO s50OO.0O0. Receipts from other points
were large and there were some indications Of
the beginning OF return movement from the
South.
JANUARY SETTLEMENTS.-The amount OF
money to be dIsbursed in January, 1906. account
of interest and dividends will be larger than in any
corresponding month in any preceding year. A
number of important railroad and industrial cor
porations have either resumed or increased their
dividends since the first OF the year. against very
small number that passed or reduced dividends.
There were many small corporations, banks and
trust companies that either started resumed div
idends in the year. In January of this year in
terest and dividend disbursements are figured by
one expert at $1S6oO0.o0O. compared with SSS.-
O0oeO0 in the corresponding month of the preceding
year Taking into consideration the same COM
panies upon which the foregoing calculations were