New-York tribune., 1905-06-23
WALL STREET AND EXCHANGES.

FOREIGN TRADINCI.-Foreign houses deall III
$4,000 shares in the local market, evenly DIVIDED.
In London consols were rather heavy ana the
general market did not develop much feature OF
interest. Money was easy, and seems hkely u
continue so, except for the usual demand over
the end of the half-year. The Bank Of England
did not change its rate, but made strong return
showing high proportion of reserve TO Iaoilues
and substantial gain in bullion for the week For
eign markets did not reflect any change in the IN
ternational political situation.
MARKET GOSSIP.-In the early trading It was
thought that some Of the Union Pacific and South
ern Pacific bought recently to support being
distributed Later the floor traders satisfied them
selves that the early selling had been for shorts
and advanced the price of the Hartman stocks
with considerable success. Talk of Standard OIL
buying was perhaps rather too readily assumed
from the Flower buying OF Pennsylvania AS the
same house also bought Brooklyn Rapid Transit
the old story of a connection between the two
properties was revived, with the Belmont-bong
Island combination to give II fresh coat of paint
Traders thought that some OF the large purchases
made in the forenoon were on orders given out by
Kean, Van Cortandt e Co, who were credited
with some of the buying. Post & F1agg's buying
in Union Pacific attracted some attention, and
probably stimulated the movement which carried
the price across 125 F. l.. Seligsberg. who was
the hreaviest buyer of Rock Island. taking 5000
shares, was the leader of fairly active traders
movement in that stock. There is no reason to
suppose that the buying represented anything
than short bull campaign in a relatively
low priced stock. Little more than general prfn-
ciples could be adduced for the advance In Illinois
Central, but the bull point IL was remarkably
we'll distributed. Through the usual agents OF
publicity 1t IN every brokerage office before
the opening, and London was supplied with 1t be-
fore business began here. The strength In Norfolk
and Western only remarkable because II had
not developed before. People who have done we'll
IN Reading have switched to Norfolk, feeling con-
hdent of per cent dividend basis this summer
and pointing to the 10 point difference in the price
sound traders bull argument.
UNITED STATES MORTGAGE AND TRUST
John w. Platten. second vice-2resident OF the Le-
high Valley Railroad Company, has been elected
active vice-president of the United States Mort
gage and Trust Company. of New-Yorb. succeeding
George M. Cumming, who elected president
few months ago. to I'LL the vacancy caused by the
resignation of George w. Young. Mr.. Platten will
sever his connection with the Lehigh Valley and its
controlled companies of September 1. No action
has been taken to name successor to Mr.. Platen.
TRUST COMPANY OF AMERICAS Off
CERS.-The newly elected directors of the Trust
Company of America have chosen the following
officers: President, Oakeigh Thorne: honorary
vice-president John D. Crimrnns: first vice presi-
Gent, William II. Lcupp; second vice president.
Heman Dowd; secretary Raymond j. Chstry; as
sstant secretaries. Frank L Hilton. Albert l..
6anister, Csrleton Bunca Walter w. Lee. Francis