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

WALL STREET AND EXCHANGES,
FOREIGN TRADING-Foreign houses dealt in
1900 shares in the local market. buying 5000
shares In London consoIs were steady but Russian
As developed fresh weakness losing IL per cent
at 81 Copper stocks were steady and the mining
department featureless. Money was in good supply
In London account of foreign funds available
for the moment but the heavy demands for gold
for South America likely to influence the
London market unfavorabiy in the coming week.
especially the fortnightly settlement begins
Tuesday and preparations for the Christmas
holidays usually tighten rates in the middle OF
December. Foreign bourses were nervous over
the Russian news which was considered decidedly
unfavorabe-
MARKET GossfP.-Litue attention paid to
the call money outlook but there are still bears
among the traders who say there has been good
distribution. especially in the railroad stocks Ten
nessee Coal and Iron is being advanced at the ex-
pense Of the remaining shorts. who will have to
pay a price equivalent to the figure the pool ez-
poets for i;s stock in the coming merger II -
said that some Of them will have to pay lSe and
they can get no stock from anybody but the
mol The C;uggenheirn crowd taken in hand
again and seems at present to include Amalga-
mated Copper although Standard Oil interests are
also buliish that stock, II IS said that the
National City Bank makes TO objection 10 TINS IN
dustriaI in loans. where it will only fake lin
tied quantity OF others. a very little bidding for
Big Four in the early trading showed that there
was none of that stock in the market The talk
is all of a holding company for the Vanderbilt
group and whether the operations in this stock
Nickel Plate. Lake Erie and Western and Canada
Southern have been for n pool or not. the stock
has at least been taken out of the street E
Never ir and other houses OF the same class
had selling orders in Union Pacific. There seems
to be a supply of long stock in all those issues in
which the Kuhn-Loeb following are directly or
indirectly interested. Some Washington buying
Crp7T WEI
had bull point on United States Steel common
and seems 10 have taken hold Of the stock again.
after u long period of Indifference The change
in the presidency Of the company might have
been a bear argument when the matter was I'M
settled but is regarded with Indifference now,
and the Morgan following are consequently more
actively bulIish than they have been. # is thought
that there from fifteen to twenty commission
houses who are doing practically all the business
at present II is believed that one of these houses
is borrowing on time and possibly in other ways.
upward Of s50O0000O: and such houses among them
are probably responsible for loans 70 the extent OF
sSc0.0O000o. The selling OF loco shares Of Penn
syIvania by A Upper & Co added point 10 the
heavy realizing throughout the day by other
Philadelphia houses The liquidation unsx-
pected and required support from quarters where
all the surplus energy was wanted in the advance
elsewhere The buying Of Distillers Securities by
Flower & Co. and other active houses is in line
with the statement made in these paragraphs on
Thursday that pool aCcunuatOn JneTe Ildu Deeii II
progress and had been completed
BANKS LOSE MONEY-The reported move
ments of currency this week indicate a loss IN
cash held by banks of s6449.5oo They received
from the interior $5116 700, and sent to the interior
80 O32 200 including transfers through the Sub
Treasury of 100000 to San Francisco and $4,000
to New-Orleans and $2.2290 600 national bank notes
sent to Washington for redemption. The loss to the
interior was $4915,50). Receipts Of new gold were
1901, 500, namely New-YOrka Assay Office checks
.IrJ uv-dT ala
graphic transfers. $l5S0O0; on Seattle Assay Office
checks 800 Ordinary disbursements by Sub-Treas
lrv were ST. 642 200 Payments by banks to the Sub
Treasury for customs, internal revenue. . per cent
sinking fund etc, We're S2O0s4,G00. The loss on
Sub-Treasury operations proper was g. 441s00 To-
tai loss to the interior and Sub-Treasury was
81 S57 800; deducting the gain by gold. $90So0
the net loss was $6.449500- The net loss to the
interior was caused by shipments to nearby and
Eastern points in addition to the transfers through
the Sub-Treasury TO San Francisco and New-Or-
leans. The direct shipments to the South and West
were not large, and some currency was received
from Southern and Western points. 1t is not IN
usual for the banks to lose cash TO the interior I'M
mediately after the December disbursements
ANACONDAS ADVANCE.-The sensational ad-
vance in Anaconda, amounting TO points, was due
to an active scramble among the shorts and buy
ing for the account of interests who are accum-
uatng the stock its merits and because Of its
comparatively low price The Anaconda IS me
large proportions of gold and silver with the copper
1t is producing about hundred million pounds
year. The stock is now paying per cent. and In
view of its dividend record and the great value OF
the Anaconda property the price Of the shares
is not high. especially when il is remembered
that the par value is S. and that il is quoted on
percentage basis on the Stock Exchange.
GRAIN EXPORTS FOR THE WEEK-"Brad-
streets reports the exports of grain for the week.
with comparisons, figures in bushels. as follows:
Wheat -four included, 4245l62 against $50 last
week: 1895 1863 in this week last year. 4.6o7sl0 in
1898 and 3.76Gi7 in 1902; from July l. 81 S23 COM
pared with 81 2565S9 last year 75S6.s09 in 1893 and
us 1876 in 1902: corn. 240257. contrasted with
64S S24 last week 26,9S9 in this week year sg"'
64 945 in 1908 and 2S6 in 1892; from July l. %
SAC 12O against Il sol tO6 in 1891 2524i40 in 1893 and
1905 39S IN 1892
GENERAL ELECTRIC'S NEW STOCK-The
General Electric Company has issued circular
to stockholders relative 10 the authorized increase
in the coInpaay's capital from $iS272.05o 10 S6eV
600, announcing the terms under which share-
holders entitled subscribe. The circular sa=S
in part Each stakeholder of record At the close
of business on December Is viii be entitled 70
subscribe for share OF stock for eaeH
eight shares of stock then standing in his namS
on the books OF the compary. Certificates VIII %
issued for full shares only Holders Of fractional
interests may either purchase assignments Of neee
sary fractions to make fun shares. they may sei4
their fractional Interests and purchase fun snare'
In the open market
CANADIAN PACIFIC LAND SALES.-Mo-e than
81 5000 was realized by the land department OF
the Canadian Pacific Railway from the sale u
Western holdings in the month OF Novemb9F. Inc
number Of acres disposed OF amounted 10 2@.s' ne
price received being $l055,is6. a. average Of sal
an acre. In the same perod the Cauata North
west Land Company sold 5000 acres FOR SioSS}t an
average of IS GA an
APPLICATION To Application hrs oeeh
made to list The following stocks ths NeT-i''N
Stock Exchange: Network Central and HFdSo"