New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-12
WALL STREET AND EXCHANGES.

pA0Inlcs Foreign houses bougnt
o ooo shares on balance in the local ma NJ ON
as in GOOD demand for London account - 20
80 80 Genera market was heavy. with loss
ooh te =, ooneols at Ss5s The mining depart
- o.ad we'll but copper stocks were oepr -
7rhera was no feature in foreign ooIos- -.
The dav before the beginning OF. the lesN +ta
-igb+1v settlement. most of the traolhs M : SIC
nature of evening up. some shoL' $500 in the
Iosod in the Kafhr market The advance ~
49, arlr rate was expected after the BANK u
Fngland's action Thursday no,nt
1FARKET Observation-Disclosures opened d g,
and a half lower the accident -
. sanse in selling the stock short Win d Sc.
no z;iaand hut there are, of course emu
4I1 +o1ders in that in any other stocA' a.
oa oe them apparently happened 10 De III 49,.
ANY stock in quantity offering "ouIu - a
- iroediat eIv for investment. Bdltilnole d
- i ano+her of the stocks in when theIe vas
-, . hull account in London involving solli7
Iii, before the fortnightly settlement "A ~ 80
early selling in Ontario and western ~d9 tt +ba
dna tn the same cause. Erie met win -
hest support in the early market. Inc n.y. .to
- Gov, that the technical position Is stronger ti
49,, y, soma of the Other coalers. ana report '4ie
brU account substantially reduced All S
s+ories were current on the advance III H1ii
rar,ted authorities on the floor have alreaoy '
.r.d the control of St. Paul to 1t, ana theIe ""S
- ,-,ng -,bicb looked as If members OF the
old Rock island crowd, perhaps not actlhs -.
eether had got in on the bull movement. .,-s
Nau-st clique is bearish on Reading. It's Ineii,s
cIai,,, that some of the bull pool pronts nave o
lost irving to support it, and that the oaiiAS ~.
49, 80 ei~, weeks at least will have no money 10
6nance stock market pools. They are hanllhefHis
tbe stock on every rally Amalgallateo OoPpo-
1vas materially benefited in the afternoon tfau,s
by the recovery in copper in Lonooll anu ~ -
vance in the copper stocks there There seem 70
tax-e beer some rather unscrupulous enorts TO ue-
nress the price of Anaconda abroad with tile usai
consequence of creating bear account winch
would probably run quickly Traders pio up
canadian Pacific finding q few local shorts Inc
movement did not indicate anything more impor-
+ant than a change in local position as Lohdoh
had ceased to trade before the price ralled a.
sermann Brothers bid up Louisville catcIi"s
favv shorts Some of the traders on the HOOP are
looking for a shake-out among the small poois' ana
particularly those in National Lead, tennessee Cos
and Iron American Locomotive. and possibly IN
the stocks of those railroads which are always
lust on the point OF being taken over oy some
larger system.'' 1t is not thought that the money
market will be strained to support such synd1cates
end IT is probable that the Boston bears and their
allies are banking upon such liquidation.
ILLINOIS CENTRAL.-The gross earnings Of
Illinois Central and YazOo and Mississippi Valley
for August reflect the effects of full month of
yellow fever in a decrease of SS40125. or lis per
cent for the former and falling Off of $780, 49,
PSI per cent. for the latter, compared with the
corresponding month in 1901 The fever set in too
late in July to have much influence the earnings
of that month. and consequently the percentage of
loss for the two months combined Is not as heavy
as for the month just reported For July and Au-
gust the falling off is $4s1.1sS ga per cent, in
the of Illinois Central and $l4S6S9. Is per
cent on Yazoo and Mississippi Valley.
CHICAGO GREAT WESTERN.-President Stick
ney of the Great Western says:
In our own territory the conditions promise ire
mendous tonnage and the crops OF small grains
but the country will raise a crop The pres
ent prosperity OF me country IS marvellous and
been overdone In any line OF industry. The rush
TO build which has been feature of the wear
should represent normal result of good times
The strong of the situation undoubtedly is the
fact that every Is optimistic.
MOVEMENT OF MoNIsY.-I.ocal banks trans
ferred yesterday through the Sub Treasury. 100000
to New Orleans.