New-York tribune., 1905-06-28
WALL STREET AND EXCHANGES.

,,opr1c,>r TRADING-Foreign houses dealt In
40 ooO shares in the local market all purchases III
london The most important feature In the mar
e+ was the advance Of 516 per cent in conso!s' 10
on1 This favorahly affected the general hst.
Money was in fair demand and is likely TO con-
tinue SO for settlement purposes ana ths USUAL
needs of the end of the half year. Paris e1chahse
on London was higher. The advance in bar golc
of 16d should protect the London market and may
Increase our own exports. The Franco-German
situation was regarded much more peaceful by
the European markets.
MARKET GOSSIP.-In the early afternoon there
was distinct pause for digestion and somewhat
reactionary tendency. The market tended TO be-
come dull rather than weak recessions, and
such stock as had been offering during the early
strength apparently withdrawn. For this
reason traders content to take small profits
on the short side. In the early activity the Gates
selling of Union Pacific passed comparatively un-
noticed but at least 10000 shares. The
stock acted we'll in spite of such sales. but looked
a good deal manipulated. H E. Eckstein, the
specialist in the Erie stocks. was the principal
seller of the first and second preferred. The best
of the buying was by H. n. Whitney & Co. in the
common and attracted fair following. Commits
sion houses generally reported a fair amount of
business perhaps not quite large Monday.
but an improvement on last week. The movement
in sugar made by the traders. with H. Con-
tent and Wassermann about the most conspicuous
buyers. 1t was not considered important. the
houses usually trading for lower Wall Street took
houses
not much inclined to buy stocks overnight. in spite
Of the reaction. They found rather poor market
to sell in the late curb i'll London and for this
reason were doubtful of the capacity of foreign
markets take much stock. They made large de-
hveries for foreign account the arrival of the
last mail. and expect st.l larger consignments on
the settlement now in progress. London advises
large business in options in stocks. We shall
hear good deal later about a short position on
the other side against calls sold to New-York New
York is really buying puts than calls using
SIDE Even when London sells calls option dealers
there always buy half of the stock TO protect
themselves.
COLORADO AND SOUTHERN.-A public offer
IS expected shortly of part of Sl7COOOOO 4Ie per
cent thirty year bonds OF the Colorado and South
arn, underwritten few weeks ago by a syndicate
headed by HaIlsarten Co. OF Nev--York, the
iaTilner HandelsgeseIlschaft. the Bank fur Handel
und Industr!e OF Berlin. and the Swiss Bank
Verein The public offer is expected n he ,nad,.
between 81 and 9o The sale OF the block OF bonds
IS alleged TO have netted the company about s15
10000 cash. The proceeds will be used 10 buv7 tba
trinity and Bra@-s Valley part OF the ,-ipuis
-reek Short Line. the Colorado and Northwestern
build shops ard generally improve th. line in
Edition. all outstanding equipment notes will H.,
I'D and the line Will be extended southwark from
Foft Worm 10 Galveston the Trinity ana
rszos Valley.
PHILADELPHIA STOCK EXCHANGES NEW
L tLE--While many cptpolet.1ux are considerine
srgi~s tie torHfs of lie p <-,.c,, certificates ~
- setrs - ~ e J. d.. IS. .h..-tia si,il
tseol e fi's re- - iadel ,hla soes. tN-
- g t IS r'iie- - to protect rs
'aoess ssa--s; asiaf T. lttul.'n, -sasactons
NJ new r~ie u t.e exehanee - a. ro.iows:
~ Al future a.sLe~dol.s for listing stocks on