New-York tribune., 1905-06-27
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses sold $ov"
shares in the local market In London consols "eio
steady and foreign bonds recovered an early de-
oIina Tvhefe was some liquidation in the mining
department Money should be in some demand IN
London over the settlement and the end OF the max
year. the more further weakness OF Farls e&-
change on London has developed and Will influence
the money market through the French purchases
of gold.
MARKET GOSSIP-A canvass of something over
forty Of the representative commission houses
showed slightly better public interest than there
was in the latter part of last week and an appre-
cjabIv larger account than such houses carry
ing a fortnight ago. They find their customers
bullish rule. but interest so far has not ex-
tended beyond the semi professional class, which
is always willing to trade on any development OF
activity Illinois Central developed strength in the
early afternoon, advancing early moderate buy
ing. Traders report limited amount of stock In
the Street and think the price could easily ad-
with some sympathetic effect elsewhere.
Simmons & Slade credited with the purchase
of something like L. 600 shares OF Union Pacific.
mostly in the afternoon. Traders were inclined to
follow their buying. Some heavy purchases made
In United States Steel preferred were thought by
Of the traders to have been for account OF H
Well. who IS believed to have been short OF the
market and omitted to cover when strength began
to develop last week. The nearness of the London
settlement prevented the arbitrage houses from
taking much position overnight. but most of them
home long Of the market.
FOUNDRY IRON.-Rogers. Brown & Co. have
received the following from their Cincinnati Office:
In spite Of the increased number OF inquiries and
low prices some foundTymen are holding out for
slider, and business remains unplaced. AS July
turning point is hand. and the developments
during the next few weeks win be watched with
been out the last week but actual business Of any
are WATCHING ciosey the state Of the market. and
there is considerable speculation as to what will
Stimulated sales to any extent Activity in all lines
OF heavier manufacture OF steel continues at the
since the beginning OF the year, and operating
records are being broken on all sides.
GOLD EXPORTS BEGIN.-owing to the decline
in the Paris check London and the ease of the
money market at this centre engagements OF s. 500
gold for export from New-York to Paris by the
so-called triangular method made yesterday.
The National City Bank engaged 100000. LaZard
Freres s1.OoOOO0 and Goldman, Sachs & Co. 100000.
1t is quite likely that more Of the metal will be
sent abroad before the end Of the week. The
greater part of the gold engaged yesterday will be
shipped by Thursdays steamer in the form of gold
bars. An outward movement of Ghs precious metal
has been looked for for number of weeks. but
there has been uneasness in banking circles
the prospects for shipments owing the sound
financial situation in this country and the expecta-
ton that if the foreign demands become heavy the
outward movement will be checked by advance
In local money rates.
MINNEAPOLIS, ST. PAUL AND SAULT STE.
Misunderstanding OF the Minneapolis, st. Paul
and Sault Ste. Marie for the third week in June
show gain of over 40 per cent compared with
the corresponding period a year ago. From July
1 the company shows increase in gross earnings
of over % per cent. Crop conditions along the
line OF the road unusually favorable. while the
position of trade in general in the territory
by the company has never been better.
HEAVY GAINS IN ARNINGS-Railroad COM
panies reporting earnings for the third week in
June show large gains in the greater number OF
cases over the same time year ago. Returns
ceived yesterday show for fourteen companies q
total increase OF 1924 S3 and for one company tn.
Wabash, a loss of SIG, ,654
SUGAR PRICES LOWEF.-AH refiners have re-
duced list prices points. making granulated 5S0c
for American. Howell and ArbuckIe and 52Sc for
Federal.