New-York tribune., 1905-08-19
MINING STOCKS.
WALL STREET AND EXCHANGES.

WALL, STREET AND EXCHANGES.
FOREIGN fRADING.-Foreign houses dealt in
10000 shares in the local market, selling leoo on
balance In London consols were rather heavy
b1t there was no feature in the foreign bond mar
ket Consos closed strong, recovering Is per cent
for the dav Copper stocks easier. but the
mining department hardened little As there Is a
Stock Exchange holiday in London tO-cay quota
tions were probably rather nominal owing TO the
usual indispostion TO carry stocks over two days
recess Money was fairly easy, but Is thought 10
be slowly hardening There should not however
be any materially stiffer rates until next month
MARKET GOSSIP-A nuIpber of the largest
commission houses report that they have received
n friendly hint from their bankers that they must
prepare rather sitter money rates in the near
future They expect call money TO harden to 212
per cent or little better next week They are con
sequently suggesting profit taking to their custom
ers. On the moderate early reaction IN Canadian
Pacific houses with Montreal connections Ike Ed
ward Sweet K Co. came in with buying orders Lon
don thinks the boom in the Canadian stocks is not
over. 1t is noteworthy that the Hill following IN
Union Pacific is most confidently bullish and be-
ueves that Kuhn-Ioeb sales were well absorbed
that selling orders Withdrawn. a house which
does a good deal of business for No 20 Broadway
and avoids being quoted in that connection mas
turned bullish AmaIgamated Copper. where 1t was
very bearish three days ago 1t reports the de-
velopment of an active speculative following in
Boston. and does not expect that any so-caled
inside" stock will be pressed for sale long as
that demand continues. About the most important
support in United States Steel common was given
by Wolf Brothers. who were thought to have taken
upward of 15oOO shares in all The common acted
better than the preferred. which said good deal
for the strength of the bull account as the stock
has been very popular with commission houses
There is good for believing that some of the
Morgan following here bullish Steel
common than Erie. IL Is also said that the pee-
pie close the control in the Hill roads have taken
profits in Northern Pacific and bought more Great
Northern preferred The raid on Southern Pacific
/ was thought to have come from the Hoffman House
clique of traders, who seemed to have found
weak bull account. and were hammering the stock
. freely They caught stop loss orders the
stock crossed 67. In spite ct the weakness in the
Hartman stocks IL is said that the Union Pacific
buying Tor the Hiu account has been something in
excess of E0@f0 shares in the present week From
the purchases in the forenoon the impression was
general on the floor that the accumulation was not
over
/ BANKS LOSE MONEY.-Tne reported move
ments OF currency this week indicate q loss in
cash held by the banks of sS.46S 400 They received
from the interior only S70}s00 and sent 10 the in
terror Sll.S25S00, including 100000 transferred
through the Sub-Treasury to Chicago $SC00o0 trans
ferred through the Sub-TTeasury to New-Orleans
ana s2G720J0 national bank notes sent to Washing
for redemption. The loss 10 the interior was
! $I62140 Receipts of new gold we're S.1tS,TV.
namely. S.o0.4oO Nev-YoTll assay office checks.
Sl3Go san Francisco mint checks and tele-
Sraphic transfers. and S59LI60 Seattle assay
Office checks, Ordinary disbursements by the Sub
Treasury S9.263,S6o Payments by the banks
/ TO the Sub-Treasury for customs, internal reve-
nue., 5 per redemption funds, etc. were ST.
sl9.0GO The loss SubTreasury operations proper
s.. .555, 700. The total loss to the Interior 81.
62i 100 and Sub-Treasury, Se.555e9. Slo,1Tl0O.
! DeduCting the gain by gold, $.1J>700. the
net loss was S. 100 The movement of currency
! to the interior for the crops not only began two
weeks earlier than usual this year, but the ship
ments larger than ever before at the begin
/ ming of the harvest.
! RAILWAY EQUIPMENT-"The Railroad Gaz-
ette' reports new orders for railway equipment as
follows:
The Erie IS in the market for 900 box ca:s. The
Southern is in the market for Boo dump ears The
Georgia Central has asked bids on 900 hoX cars.
/ The Donincn Coal COMPANY mas oIde!H loo steel
coal ears Tie Jamison coal ana Coke Company
trd has ordered Two PASSENGER ears from r NJ
Hal ' cars from the Middietown Car worEs The he
/. Alabama and Vicksbug has ordered 80 ballast cars
from the Redger Ballast Car Company. The Great
/ Northern is reported To have ordered one sleeping
car from the Pullman COMPANY; Iae SeIboard Air
jOl Ventilated box The Mdncie and Portland
ta fn 10 - An Aprene M 's rsiIod
has atGei ed flom ths Middle;own Car Works 10
International has ordered le2 frsisht ears f0 con,
Railways OF Havana is in the market for o.
freight cars 4 ne New iolk central and Hudson
River has ordered 10 electric steel cars from the
American Car and Foundry Company. The Panama
reported y have ordered bN0 box he
American Car and Foundry Company The Georgia
Florida ana Alabama is IN the market tor % nat
and 80 box The Kansas City Southern
is in the market for coo box The Lake Shore
and Michigan Southern is reported to have ordered
; three combination coach and dining from
Barney * smith. The Carnegie Steel COMPANY
las orGered 100 Summers dump from the
American Car and Foundry Company.
( ONTARIO AND WEsTERN.-In the fiscal year
ended June 81. the Nevi-York. Ontario and Western
made approximately e22 per ON the common
stock after charges. It's increase In gross husi-
ness for the year S.SS,t ,tO5 while the net earn
'ngs screIscd Sa5-S ana the charges sos si while
the Increase surplus after charges was SSs6 AS
The read shows the best Increases OF the year in
! the three months of the second quarter of 1905.
This indicates that the beneficial effects change
of control being felt and that for some
ttmc to come there should be steady increases in
Gross and net earnings II Is within the power of
/ the New-fork. New Haven and Hartford largely
/ increase the gross business of the Ontario and
! Western. and If coatro is not transferred 10 the
New-York Central, this increase will undoubtedly
come In April May and June this year the on
| tario and Western increased It's gross business
$S',lIS or at thc average OF s62 S92 a month
| It's net Increased at average of sii, $50 a
month. and its surplus after charges S2.2s0 a