New-York tribune., 1905-12-17
wAII. STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses were not
active factors In the local market. selling 800
shares In London copper stocks were heavy
Russian Is declined fun point, and kri1sh con
soils also were depressed London expects a good
demand for money throughout the coming week.
as the banks are likely to call loans incident to
tha so-called window dressing over the end OF the
year The supply OF gold IN the open market ap-
pears inadequate for the requirements OF ths Con-
tinent and South America
MARKET GOSSIP.-Some traders who have hitn-
erto been actively bearish Rock Island pre-
ferred have been covering their shorts They say
that the bad news about the dividend IS practically
out while the that the votes OF the preferred
stock control the company will always give It q
special value irrespective OF tie dividend Taller
Robinson & Co. were the principal early buyers
In spite OF the easier tendency OF copper stocks
in London Amalgamated Copper acted we'll Tia
street does not implicitly believe the statements
as to Iawson's position in the market. but thars
Is q short interest One substantial block OF stock
has been borrowed from the same house ever sines
the stock sold at 81 Reading and Erie vere
rather inclined to hesitate. although they could
not be called weak People with good sources OF
information consider the labor outlook Is not
hopeless, and believe the anthracite miners ara
anxious to make terms and do not really want =
strike American Sugar was about the strongest
OF the industrials at the opening Inc ooI polnI
current on it before the market opened made
good There Is some Boston bear account while
lower Is
IL has been for long time. One theory s that
the stock will be advanced to reward politicians
In connection with the Philippine sugar duuss Do
fore Congress. After hour or so or fradinS Ihs
market showed strength IN some spec1aIues' HAe
Colorado Fuel and Sugar, but rather more iTresu-
Iarfty in the railroad list The weakness In SCUM
eru Pacific checked attempts 10 bull the Othsr
active issues, and particularly influenced Onlon
Pacific The selling Of Southern Pacific iooASc
good and confirmed the belief OF traders expressed
recently that large quantity Of stock held oy ne
Hartman following had been marketed N tns
reigbborhood OF 20 Hooley. Learnard s. Co are
satd to be the most active factors in the pooa move
rnent in Colorado Fuel The Havley-Gates parry
are believed 90 be behind It. The movement Is ap-
naren+Iv entirely manipulated, but traders tAinx
the pool IS strong enough 70 InaAe 0lHO7'N -
gerous.
BIG DEMAND FOR sTEEL-A Representative
of the United States Steel Corporation sayEi Ins
new business now coming In was rot expeessc
few weeks ago. It our belief that orders Wo1S
show a falling or this month result OF tns
beavx, buvino in the summer. We did not antic-
nate that new business this month or IN the month
of November would exceed production put Auen /"
the case The demand huctuates from one oAaSs
of material TO another First II is rtis thsn seseA
nIste then the lighter lines, and now II IS suucl-
ural material. There is very little steel ran ca.
nacitv left for next year, which viii witness neN
record In steel rail production never ga" t0S
steel situation more encouraging than 1t Is a. pr
ent.'' .-N
Financial Chronicle the total receDtS Of cotton
for the week ended December 1s, 1906 wer" ZS4.s"
bales against SoO,712 bales last week. SSS'oU lhS
previous week, and SS5.ot5 bales the week oel'l1
that The total receipts since septemoer -
46O1 III bales, against 529o704 for the saIne pel
last year. a decrease OF SS,SSS bales The ~SAeAs-
has been less favorable the last week. Ram hzS
been general and in places excessive P1ckins .
still In progress In some sections. but the nov
n1ent of cotton to market has been somewhat ~
strIcted as a result OF the tendency to hoio iO
higher prices. .-
PIG IRON CERTIFICATES-Pig iron certinoa1s.
at the New-Yorl Produce Exchange were dul , aHI
about unchanged. There were no sales
prices for regular follow Cash and DeceLLt.S, -,
SIC 10 asked: January. SIC 6e7S6 50; February,
SIS s5; March, sic 6Oas17 05 April, Sl6 6oaSL ID -
and June. 81 25 asked. Closing quotations foF III
dry follow: Cash and December SO 6OGISIt p 80.
ary, SIC 60Gp$17; February, SIG 70GSl4i March,
81; April May, SIS S0G$17 10; June 81 . &
INCREASE IN UNITED STATES DEPOolAS
The Treasury statements show that deposits y
public funds in national banks to creolt q
Treasurer of the United States Increased 1roA =,
ga. .150 November 16 to $57oSo90 on peceni00 -.
This shows that the Secretary of the Treasury ha
been allowing current collections Of Internal - -
nue. to accumulate in the banks in order to rsH 80.
the monetary situation and accounts Tot the -
that transfers OF internal revenue collections -
draft upon New-York banks have been 50 nsN' =
ANACONDA.-A dispatch from Butte 49,
says that Anaconda has Just made a rch s-flAs '.
the 2 200-foot level. The will average '0 49,
than is per cent This strike demonstrates -.
fact that copper ore exists at the lowest lsVeS -
explored by the Anaconda and apparently 80
antees that further explorations AT stiu
depths will encounter ore OF the same eharac'e.-
MONEY. OUTLOOK.-An officer of prohii,,
national bank says that II now looks as u ms ~.
would continue hrm for the balance OF the cur -,
year, due TO Industrial. railroad and STOCK n- M -
activity Europe IS not inclined TO favor s0't
ports to this country before the first OF the ~.
and as consequence movement OF goia ~
direction IS not looked for In the near tuture
COPPER PRICES-A carload OF eleetFoiSt 49, -
per last Thursday was sold at 1914 cents ahd - :
Of lake at 20 cents pound Quotations for eOsF "a
FOR immediate delivery range between " Sn ,nt
cents According to the big producers the ,-~s n.,
mum price for copper calling for delivery IN -,
and April Is fSlS cents. but sales are coHlpaE"'''
small.
BANK CLEARINGS.-Total bank cieariAgs ~ =
United States for the last week amounted 70 -
2gTs s66 against $s2 nc SOs in the preceding N -,
and SSslO.2754SS in the corresponding week
year.
FOREIGN EXCHANGE CONDITIONS