New-York tribune., 1905-11-07

FOREIGN TRADING-Foreign houses dealt in
1900 shares in the local market. buying 5000
shares. In London consols were steady, but Rus
sian bonds continued to show weakness Copper
stocks easier and the mining department
rather heavy. London reports good demand
for money, but does not expect any material
change in that respect in the present month. IN
less the German money market situation becomes
menacing It is hoped and believed that the Bank
of England will not be under the necessity of adj
vancing its Thursday.
MARKET GOSSIP.-On the advance in Reading
RaDorg, Manice 4 Co. who executed good
many of the buying orders in the recent past, had
stock for sale The most important of the selling
in Missouri. Kansas and Texas came from DaTr,
Luke & Moore who appeared to be supplying
long stock on the advance. In spite of the de-
mand in the loan crowd and talk of buying for
control there is still plenty of stock forthcoming,
mostly from foreign The arbitrage houses
received substantial supply by the last mail and
have been able to deliver OF the stock they
were borrowing. There is plenty OF bull talk cur
rent on Brooklyn RapiG Transit, which is the
more noteworthy the election situation is more
uncertain in Brooklyn than anywhere else. Calls
on the stock. good till Wednesday night. are be-
ing inquired for ard the buying is said TO be well
informed. In spite If the talk of ths extended
Lawson short interest fn Amalgamated Copper,
that stock did act well. In certain circles
there is good deal OF disappointment that the
Flower following. which apparently encour-
aged to support the stock by No. IS Broadway. is
receiving little help from that quarter Ihe
Hoffman House following are .ather eearish ana
have been putting cut stock, notieeaoy IN Union
Pacific They are, however, only operating for a
quick market turn, and do not care about taking
chances over the election holiday There was sub
stantial calling OF loans in the afternoon, although
good deal called by the banks was renewed
without difficulty by the trust conpaniee Ihere
was however. some realizing on this account, out
It should be remembered that commission houses
ha mos rather OyerprOVideG Wlln
time money The selling of LOCOMOTIVES by & d
Barney G. Co. was noteworthy. this house has
been very active the bull side The per cent
dividend basis talked of for the new year seems
have q tendency to get furlner away as 'iS
speculation develops.
HARTMAN AND OTHER EARNINGS.-Unlon
Pacific for the month of September shows gain
in gross Of s7sl $50. and gain in net or sieSz6--
Southern Pacific for the same month shows an IN
crease in gross of s744,709, and a gain in net OF
.2s6 sss Wabash lost in gross in September St46.-
$40 and in net st05.025. Missouri Kansas and Texas
los. for the last week in October s9o16l. making
for the month decline Of s1s5. 461 Duluth. South
Shore and Atlantic for the last week in october In
creased sl6172 and for the month s35.sS Louis
vile and Nashville decreased for the last week
60 III Southern Railway increased sSs.sI2. and Mis-
souri, Pacific decreased s215co0. The last named
lost for October $4,000, making from July loss
OF s9e9, ,439.
THE MONEY OUTLoOK-An officer of promi-
nent Wall Street bank is quoted follows:
If trading in stocks continues as active as last
week a continuation of high money rates can be
expected With the tendency OF currency still
toward the West in the face of active trading in
securities the banks would not be given much Of
an opportunity to strengthen their surplus. Busl-
ness Conditions are active all the country. and
a large amount of money is being employed. How
ever currency will begin to return to this centre
within the next few weeks. which will afford relief
In the mean time it would be unwise to start bull
camDaign in stocks The condition OF the banks
at present would not justify such a move. An ON
GER of another great bank expressed substantially
fhe same views and said that the immediate money
market situation called for conservatism.
CANADIAN PACIFTC.-A Canadian Pacific d-
rector says that regarding the report that Hill.
terest In the company. anybody who knows just
how Canadian Pacific stock is held knows that such
story is ridiculous. and that It is impossible to
effect such a. combine. Canadian Pacific earnings
for the last week IN October increased s3S4.0o0
making from July l a gain OF s, 2.53s.
"sOO'S" BIG EARNINGS.-Earnngs of the Min
neapolis St Paul and Sault Ste Marie for the last
week in October show gain Of s111,S2O making
for the month gain Of sees 80, and from July
an Increase OF s., ,oS1 Te1. comparison being made
with the same period in the year before.
MONEY RATES UP-Call money rates advanced
TO per cent. There was large calling OF loans
by the trust companies. The effect OF the ad-
vance In money reflected in the exchange mar
<et by decline in sterling rates. although the /
latter improved at the close when money roceded.
MONEY FOR NEW W-ORLEANS.-The local Sub |
Treasury shipped to New-Orleans yesterday 500 900
Tor the account OF city banks