New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-24

ferred. Their purchases attracted some attention
they have been very heavy sellers Of stocks all
round throughout the week Upper & Co. and
other Philadelphia houses have on the contrary
been among the recent buyers. especially in Steel
In spite Of the early recession, Louisville is sis
the favorite with the most active speculative in
terest in the market The Western element is the
dominant factor in The price movement and is
using so-caued Morgan brokers IN the buying. The
Morgan interest however is not selling any stock
and IS credbly reported bullish the general
situation Chandler Bros & &C. have been
large buyers Of Lehgh Valley in the Philadelphia
market These purchases ara for both New-York
and Philadelphia account
FOREIGN EXCHANGE CONDITIONs.-C. sohu-
macher & Co. say:
Exchange has not yielded very much under the
higher rate Of interest as the supply of cotton bills
We understand foreign sptnners are not buying the
+boEI,Sb exnoT+s ~ cotton will be yerv slow from
now on. we understand that the exchange which
against Shipments on contracts made some months
ago. Continued large offerings Of grain bills for
late delivery and the eventual shipment of large
quantities Of cotton incline to believe that ex-
eIIres but is likely to go TO extremely low limits
soon as these bills actually appear upon the
market.
THE COTTON OBSERVATION-DISCLOSURES to THE
Financial Chronicle the total receipts OF cotton
for the week ended September q reached 2A.124
bales. against 215,73s last week and 154,1@ the
previous week making the total receipts since Sep
TENDER / 1906 631313 bales, against 632 44S for the
same period of 1s04-O5 showing decrease since
September ! 1866, OF LBS bales. Reports from the
South indicate that as rule the weather has been
quite favorable during the week and that cotton
is opening rapidly. Picking is making very salts
factory progress. and the crop IS moving freely.
The dro11th in Texas has been broken in most sec
tons.
NORTHERN sECURITTEs.-Secretary E l,
Nichols of the Northern Securities Company, says:
Owing IN the closing Of the Northern Pacific Rail-
ing Of the stockholders, delivery of Northern
Pacific stock against the claim tickets art
October j. 1905 Other deliveries will not De inter
rupted-
PIG IRON CERTIFICATES AT PRODUCE Elk
CHANGE-Pig iron certificates at the New-fork
Produce Exchange were quiet but firm. There
were no sales. Final prices for regular fol-
low: CASH September and October, $l5gSl0 %;
November SIS 35qS15 60; December, SIS 0GgSl6 ~;
January February and March, SIS 3oGSl0 So CLOS
ing quotations for foundry follow: September $150
bid; October SIS 25Gs15 70; November. SIS 3aalO 80;
December SO 95a$15 95 January. SIS SSa$l6 %; Ee0
ruary and March, SIS 50Q$l6 %
GOLD FROM Observation-Disclosures received
Yesterday from London stated that 100000 gold
had been shipped from Australia to San Francisco
and that further shipments would be made 1t IS
not unusual for gold to go to san Francisco from
Australia although there has never been single
sbipment Of such size as just reported
United STATES STEEL-The United States
Steel CORPORATION expects to purchase not less than
1000 tons of Bessemer pig iron for October de-
livery It is in the market now and Will PROB
ar5v close contracts within few days.
RANK CIEARINGS-The total bank clearfngs
r all the clearing houses of the United States for
the week ended September % were S2,547,974,286
ag.tnst 80 51q 65s 800 in the preceding week and
50 o31. O03 IA the corresponding week last year.