New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-14

FOREIGN TRADING.-Foreign houses dealt IN
10000 shares in the local market, evenly divided
In London the general market was dull and rtts
inclined to sag under neglect. Foreign bonds wer,
rather heavy and Rio T1rto was lower. The FOR.
nightly settlement is now completed, but ths 70
ume Of trading for the new account has bss7
rather disappointing. Money is still the dominant
factor abroad but the best Judges consider that
has seen its highest rate this year. It is not b.
lieved that New-York will be a serious competitor
in the open market for gold until exchange hsrs
breaks materially under pressure OF cotton bills
MARKET GOSSIP.-There is a noteworthy
scarcity Of high priced stocks OF s4ni-inEestment
character. When Manhattan was quoted at 1851
bid, Z asked, q house which tried to execute
small investment order found that there was 10
stock to be had under 167 Specialists report SINH
lar conditions in other stocks OF the same class.
The Morgan issues were strengthened by the
ported Morgan buying IN London. Il was argued
that money conditions must be fairly clear.
attempt would have been made at this time by that
interest to stimulate the market IN international
Marine. both here and on the other side. Although
the selling Of Reading. which the feature be-
fore midday. said 70 have been for a broker
age house frequently mentioned IN the long adj
vance, there is reason TO believe that the orders
really came from large Broad-st- banking house
John Wallace and E Meyer. jr., were the heaviest
sellers Of Reading and soon found a following
among the traders. The really active trading els-
rnent is content at present with very small turns
One of the most active Of the uptown traders took
a point profit on the long side and went short o,
the market in the first hour While nobody o.
Iieves stories Of a change OF ownership IN Dsa-
ware and Hudson under dividend guarantees the
buying is good. It is much more probable thai
it is based upon the negotiations for the opening
up Of the eompany's ore lands, which are rumossd
to be good for royalties to the extent Of somsthng
like 10 per cent the stock. Canadian Pacnc gaze
fresh evidence. If any were needed. OF the fac
that London is the real market for the stock Il
exactly responded TO the advance Of q point made
there. and the arbitrage houses here practically
made the market
DEMAND FOR CROP MONEY ENDING-Ths
reported movements of currency this week indicate
a nominal loss in cash held BY the banks Of ia
200 The report however. does not include ts
260O0O0 gold received by the National City Bank
from London by the Deutschland on Thursday, pay
ment for which made BY the Assay Ones On
Friday. This amount will count for one days
average in the bank statement. The banks re-
ceived from the interior S4l3500 and shipped to TIE
interior s4O24.70O including 100000 transferred
through the Sub-Treasury TO st. Louis and N,lZs"9
national bank notes sent to Washington 1or re-
demption The gain from the interior was SSS'S@
being the first gain from the interior since the week
ended August 3. The receipts OF new gold were
g. 712 800 namely gold imports. $4,000; BY New
York Assay Office checks. $667.So0; San FRANCISCO
Mint checks, $50, 100; Seattle Assay ONCE cheeAS
S55s, COO Ordinary disbursements by the Suo-Ireas
ury were $20,S57 100. Payments BY banks 70 Us
sub-Treasury for customs. internal revenue. PEI
cent redemption fund etc. were S235l40oo The loss
on Sub-Treasury operations proper was Sol90se.
The total gain from the interior and by new so1
was $3,1m. 700 Deducting this from the loss 10 'l7
Sub-Treasury the net loss was $500
NATIONAL. FIREPROOFTNG PASSES PhEr
FERRED DIvIDEND-The directors Of the Ma
tionaI Fireproofng Company have decided TO pas
the dividend on the preferred stock The issue s
per cent non-cumulative. and the company has pau