New-York tribune., 1905-11-10
THE FEDERAL TREASURY.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
20 900 shares In the local market, evenly divided
In London consols were steady and made a sood
showing and there was no important change IN
foreign bonds Copper stocks were decidedly weak
The mining market was heavy and lower The
Rank of England did not change its rate and ma de
a very fair return. showing better proportion CT
reserve to liabilities and good gain In bullion on
the week Money in good demand and Is
likely to continue IN view Of next weeks settle
ment requirements. The fortnfghuy settlement
begins on Monday. and the anticipation Of If was
responsible for good deal of selling all round to
up
MARKET GOssIP.-Wof Brothers. who were
active on the selling side Wednesday. sold
stocks all round the room In the forenoon, ia
Guiding $500 Missouri Pacific 1900 Pennsylvania and
10000 Steel common part of something like 25.o0o
shares. They have extensive wire connection
and are also credited with doing some of Jacob
Fields business One OF the rumors used in the
first attempt to rally the market was that Secre-
tary Shaw would deposit SIS 900 with the banks.
There was no official encouragement Of the report
and opinions pretty evenly divided as TO both
its advisabty and effect The best support in
Brooklyn Rapid Transit came from Flower & Co..
who protected the stock with fair success In the
early depression. Irrespective OF politics, which,
of course, exercises considerable influence, there
is reason to suspect that stock coming to market
would be absorbed by interests known 20 be
friendly to Pennsylvania. This is not the same
thing as a Pennsylvania control but 1t is de-
yelopment which has happened before IN properties
which could make trouble for that interest.
Wabash preferred heavy definite
grounds, except perhaps In sympathy with the
weakness in Missouri Pacific. The earnings are
certainly improving since the last report was
issued. but the Gould party IL not In the market
Selling orders In United States Steel were mostly
entrusted active traders like Currie Brothers.
who sold 10000 shares in the last half hour and
were generally not easy to trade There seems.
however. to have been some profit taking by the
Morgan following since the beginning OF the
month A good deal of this is said TO have been
stock called option in London at the cad OF
October, which there a handsome profit
even at the present ngure5. While Ii - faid that
the Hearst following have been short of Con-
solidated Gas the stock did act as IL the bear
account was large. The principal bulls have been
operators who bought on the idea that rhe prize
would be advanced reward potlci ans for ser
vices at the election. Arpitrage houses took the
long side overnight believing the London market
wouIo lie rallied before opepmg
STANDARD OLA break In Standard oil stock
on the curb was due to the forced sale of few
shares OF the security. 1t is thought that the
chances of the Standard OIL shares moving to
to the increased foreign demand for oil and the
gradual depletion of the oil supplies in Russia
TRANSFERS OF MONEY.-The Sub-Treasury
making 100000 since last Friday and $1,000 to CHI
cago. In the last week there has been transferred
from this centre S25o0ooO. The banks received $780,
coo from San Francisco.
500" EAEN1AGa-Gross earnings OF the Min