New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-About fifty thousand
shares were purchased for London account. most of
the international issues being represented. The
chief purchases of the United States Steel
issus Canadian Pacific. Baltimore and Ohio and
Union Pacific. The London market closed gen.
orally firm and confident with the exception Of the
Kaffrs. which irregular and unsettled. Con
soils were also rather heavy. The Paris bourse was
firm. but Berlin easier. All stocks dealt in
on the curb in London closed active and strong in
Guiding American stocks.
MARKET GOSSIP.-Smelters was advanced az
the opening with little difficulty. as part of an ag-
gressive campaign against the supposed Boston
short interest. B. Baruch is understood TO be in
charge OF the bull campaign and usually finds a
good following among the active traders. Union
Pacific responded we'll anything 10 the ad-
vance in London. The strength there was due TO
buying, understood to be for the Continent For
eign houses were taking any stock they could find
below the London level. There seems 10 be a fair
sized bear account. There far no signs that
the bear party in Analgamated Copper has
sold that stock The operations the Gates party
were erratic. They bought rather freely round
the room in the early rush TO cover stocks but
efterward prominent among the sellers Of
Union Pacific and Erie They are said TO have
taken the short side in strength last THURSDAY
When Canadian Pacific advanced. It was evident
that there not much stock in the Street
There seems TO be similar condition in London
a good deal OF stock has been taken out of that
market for Germany, where il has always been
popular. United States Steel common acted we'll
and did not seem TO be needing special manipuIa-
ton. A. 0. Brown & Co. who have a large West
connection, were believed to have bought at
least 10000 shares of stock in the forenoon Trad
thought this might be short covering. C. H
De Witt had substantial selling order in Union
Pacific. and, with other traders of the same class
selling the market buges. The Hoffman
House contingent is not disposed to follow the
rally far. The heaviest buying OF Shelters during
the day by a. Eckstein. the specialist who is
estimated TO have taken more than 10000 shares
altogether. The advance in Reading disclosed a
considerable short interest in that stock
YIELD FROM THE STOCK TAX.-The total
revenue from the stock transfer tax from June 2
when the law went into effect TO September .
has been s9335S3. The total sales for that period
were 46.679.615 shares.
HEAVY DEMAND FOR STEEL RAILs-The
total rail capacity OF the Illinois Steel Company
has been sold for the first half of 1906 total OF
Sso0oo tons OF standard sections has been booked
for first half delivery All the orders were taken
at the official pool price of SOS a ton.
LONDON STOCK EXCHANGE LISTINGS-The
London Stock Exchange committee has granted Off
cal quotations TO the Nandalia Railroad Company
100000 consolidated mortgage per cent coupon
bonds series A. 1885 for ST. 600 each Havana Electric
Railway Company, Sc. $50 900 consolidated mortgage
per cent fifty year coupon bonds of 1882 for Il 600
each and Canadian Northern Railway Company
I22o'9O per cent first mortgage consolidated de-
Venture honuS OF =4VO each, principal and interest
guaranteed by the government of Manitoba and
Canada Atlantic Railway Company scrip for Il 025-
600 consolidated first mortgage per cent gold
bonds. The Quebec Central Railway Company has
applied TO the London Stock Exhange for an off,
cal quotation of 2779i shares OF f25 each Of the
capital stock. fully paid.
DIVIDEND DECLARED.-The directors OF the
United States Reduction and Refining Company
have declared the regular quarterly dividend of liz
per cent on the preferred stock. payable oc-
tohcr /
PIG IRON OUOTATIONS.-Ther was only a
the Produce Exchange. bid prices regular being
10 To 20 points higher and asking prices the same
as saturday. on foundry both bid and asking
prices were about 10 TO 40 points higher
quotations on the call follows: Regular
-|ahh ana September. 1850 asked: October l5 sSd
1850: November. % 10; December Is toa15 7s
feoruary 1AMp1iO Foundry-Septembnx 1900