New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-06
WALL STREET AND EXCHANGES

FOREIGN TRADINC1.-Foreign houses dealt IN
$1,000 shares in the local market all sales In Lon
don consols were depressed although they rallied
a little from the low figure of the molnirg and
the general market lost ground Copper stocks
were under pressure, The Bank Of England did
not change its rate. but made most unfavorabls
return. There was further decline in the pro
portion of reserve to liabilities and Z specially
heavy loss In bullion on the week. Without some
improvement in this respect II is possible that the
per cent bank rate may not Be effective and that
a further advance may be necessary this fall
Consols have now lost full point since September
20. which can only indicate a disturbed money
market.
MARKET GOSSIP.-It IS estimated that C. 3.
Macdonald bought back in the first hour most or
all of the stock he sold on Wednesday afternoon.
probably making u TO 81 per the turn He GOT
it back rather easier than might have been expect
cd. but It a very important source OF strength
in the early trading The stiff rate for money
was enough to discourage new buyers. but appaT-
emily did not bring in any realizing sales Traders
are willing enough to scalp small turns, but found
no market 10 do it in ) canvass Of a good num-
Der OF representative houses shows comparatively
light bull account. although II by means bears
out the popular idea that the public IS not IN the
market The stock carried. however. for the most
part shows a profit Quite number OF the active
houses thought that 4 good deal Of stock was still
heinc carried with out OF town hanks Traders
thought Erie acted better than might have been
expected. There was less popular bull accoua;
than ANYBODY had anticipated The stock needsl
no support. and even seems little oversod Il
was one Of the few stocks IN the international list
which London did not sell Lewisohn brokers were
said TO have been very fair buyers OF American
c,oe1+icg The movement there seems 70 some e.
tent at least to be independent OF general marAs,
conditions and traders otherwise bearlsh Fse'-
il with considerable respect. A Upper & Co. W
were active among the buyers earlier in the wen
An,aIcamated Copper and southern Pacific siH4
6eId & NcCuuough who bought Baltimore a.
Ohio and United States Steel common. SOFA 80
daal Of stock elsewhere. Traders call THIS -
selling Specialists generally say that ~ - ~.
no stop loss orders near the present lever -
fractional declines do not force any seiins = -
character except by traders who never r"-i -
They believe that nothing short Of some -
able development that would break the Wo0's -,
ket couple of points would start any "4
sales .-o p1E-
UNITED STATES RUBBER sECoNu 80
FERRED DIVInEND.-The directors q u. LIZ
states Rubber Company. At meeting -
afternoon. declared an initial dividend o. -
cent On the second preferred stock l"s
auarterlv dividends Of . per cent also -
clared on the first preferred and c'o
stocks rY,Sss
RECORD PRICE For STOCK EA sC- FAw
sEAr-Tha STICK Exchange membership %
= strong of Strong Stureis Co was soi' q.
dav for 600 This is the record for st0eS
change memberships. ne
COAL SHIPMENTS shipments cNs. ~
PENNSYLVANIA lines east OF Fittsours ana "a tass
the week ended September So were .es -, tas
Year to date. IS 2SS.94o tons. against -s'O-'S
last year. ,.t, s'oas
ATLANTIC COAST L1NE.-The Atlahu' =, tie
Line Railroad Company has applied 10 "S' S5,ss5
stock Exchange s5oSOj0 additional hrs' ev'is'
mortgage per cent bonds Of 49,