New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-26
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt In
$1,000 shares the local market selling $500. In
London consols were rather heavy, as it is taken
that money will be in some demand throughout the
week. Japanese bonds were firm. As the fortnight
ly settlement begins Tuesday, while the pay day.
Thursday is coincident with quarter day and the
day for action the Bank Of England rate, sitter
money rates would be in order. A good deal will
turn the size Of the American bull account.
which is said be quite considerable account Of
commitments in the London market for New-York.
MARKET GOSSIP.-John Mcintyre. of T. A
Mcintyre & Co., reported from the floor that the
market looked like going back little and that the
selling was decidedly better than the buying The
tone among the principal wire houses rather
conservative. It difficult to trace the sources
Of the forenoon operations in United States Steel
apart from the London orders. H. Content bought
10000 shares and J. r. Williston sold equal num-
Der. Both are active traders and might have been
taking a position for anybody or even for them
selves. Erie Is among the stocks which are said to
be carried in London for New-York account, and
there is probably not great deal Of it afoat in
the market. Arbitrage houses. however, have been
borrowers Of the common lately, which indicates
that there is some stock in course Of shipment It
is said that a market pool in Baltimore and Ohio
of very great size, but one which has been in
existence for quite long time, was dissolved and
has been selling the remainder OF its holdings
Most of the business done through Philadelphia
houses. There seemed TO be some scattering sell
ing Of Louisville and Nashville, rather from small
houses who had bought that stock. following the
Western lead, than from the Westerners them
selves. There was not great deal OF STOCK 1or
sale in the aggregate, while supporting orders were
put in through the Morgan houses. 1t was under
stood that the Boston houses were among the heav-
lest sellers during the forenoon. This might, or
course have been short selling and in some cases
II almost certainly was. Floor traders, however
say that if John W. Gates can be employed 10 ouy
for the large interests such interests could sell SO
as to give the impression of Lawson attack on the
market 1t is quite possible that the professionals
are taking both buying and selling 100 seIlousIS'
The buying Of Southern Pacific looked better tnan
the selling Jacob Field and ". B. oliver are under
stood to have sold their line on saturday aIter
the publication of the bank statement and through
the specialist The new bull account looks stronger
than the old The heaviest part Of the seillns came
from houses like Bogy & Hubbard and g e. Gates
& Co. and thought to be mostly on wire oroeI9'
MOVEMENT OF MONEY.-The sub-Treasury
credit balance at the Clearing House OF S'S4S0o
was caused by about 100000 drafts sent to the
Clearing House by the Sub-Treasury. representing
payments into the 3 per cent fund by correspond
ents of New-York banks. The Suo-Ireasury trans
ferred for banks 100000 to st. Louis
HAMILTON FISH GOING ABROAD.-Hamlton
Fish Assistant Treasurer OF the United states IN
this city, will sail for Europe on the Kronprinz
Wilhelm this afternoon, vacation Trip he
expects to be away about month.
PENNSYLVANIA PAYMENTS. - Pennsylvania
paid interest yesterday the 31s per cent bonds
held by the syndicate which underworld the issue
last spring The syndicate now holds $6ooo0.oo0 Of
these bonds having disposed Of over SSo0O0,OOO In
the last few weeks. OF the original SOOOOoOOO, the
stockholders took less than 100000
NATIONAL, LEAD.-The National Lead Com
panv will. It is said, soon declare a dividend Of
per cent upon its common stock. The last common
stock dividend was paid in 1898, and its dividend
record is per cent 1898. per cent in 1884, per
cent in 1895 and per cent in 1893.
GOLD IMPORTs.-The National City Bank yes
terday engaged in London fS35,OOo gold for import
70 This country No other engagements were an
nounced but further shipments OF the metal from
the other side of the Atlantic to this country were
considered probable.