New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-06

roptIr-N TRADING-Foreign houses dealt in
sae8 shares. buying 5000 shares. In London the
market as n rule, frmer. even Russian As
showing strength. The copper shares were strong,
while the mining department showed less pressure
from Paris Taken altogether. the foreign mar
kets were not so nervous as on Monday and ap-
reared 10 be recovering confidence, despite the fact
that there was little news from Russia. There
MS no important movement in money in the Lon
don market.
MARKET GOSSIP.-The movement in the junior
vanderbilts appears TO be engineered as it was in
the Seward Webb-Twombly speculation four years
ago when each stock of the group was advanced
in turn and when prices were continuously marked
5ip until the movement collapsed with the crash
in IIackensacl Meadows. Big Four is the bull
point at present and Canada Southern is said to
he the next in line G A Morse & Co. and other
Boston houses were buyers of AInalgamated Cop
rer The rally in the price of the metal IN LONDON
and the better tone in copper stocks there ma
,eriaIly helped. as there is good market for
trBaIsannated there Moore & Schley and their
1 following who appear TO be the active bull party
OF Eirgina-Ca rolina Chemical, are credited with
position the long side in most of the special
ties recently advanced. American Cotton Oil in
terests appear 10 be rather out of sympathy with
Tho Virginia Chemical move S. II. Pen had
buying orders round the room, and did good deal
TO bid UP the market in the forenoon. Edward
Sweet & Co were fairly active the long side,
while some of the heavy realizing of Monday.
900a0 shares on Monday afternoon was not re-
rewed- When the Presidents message pub
lished It excited little interest. 1t apparently had
been well known TO a large number of people, with
the natural consequence that all views of it were
discounted. Halsey & Hudnut sold about 10000
shares Of Union Pacific and checked the advance
in that stock. 1t of the few railroad
stocks which gave indications of extended bull
account. One of the bull arguments current is
that the large insurance corporations have been
past making investments in the course of the
insurance investigation. 1t is argued that this
fund, which is a very large one, viii he set free
for investment as soon as the inquiry terminates
On the advance in Brooklyn there was good stock
FOR sale which outweighed fairly extensive short
interest Dick Brothers were the leaders in the
bull speculation in Erie, buying 5000 shares or
more. Traders followed the buying, this house
usually command a fairly powerful following
I'm any Of the coal stocks. Foreign houses were
rather inclined TO sell stocks at the close, be
lieving they could get them back cheaper in Lon
don before our opening
ERIES NEW CONSTITUTIONAL Erie Rail-
road has awarded contracts for the construction
OF the Columbus and Erie Railroad, extending
from lakewood, at the foot Of Chautauqua Lake,
west twenty miles to Columbus. Penn. Each sec
ton about ten miles in length. and viii provide a
double track as well q low grade line for that
section Of the Erie main line The cost will be
approximately $4,000.
STOCK EXCHANGE SEAT AT $S5,o0-The sale
OF a Stock Exchange seat has been made at $4,000.
This is an advance of $1,000 from the last preceding
gale
MONET FOR SAN FRANCIsCO.-The Sub
Treasury transferred yesterday for local banks
S,Ga,0oO TO San Francisco
TENNESSEE COAL AND 4IFON.-No change in
the dividend on Tennessee Coal and Iron common
AT the meeting of the directors. which VIII be held
on the 18th of the current month is anticipated.
A representative Of TIE company IS Of the opinion
that per cent for tire quarter VIII be paid, thus
making per cent for the year.