New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-21

WALL STREET AND EXCHANGES
FOREIGN TRADING-Foreign houses deal. g.
1900 shares in the local market, buying 1ass
shares. In London consoIs were steady. and the-.
was no feature in the copper stocks. The genera
market was dull. but not called upon 70 absorb
any further Continental selling Of stocks. No-sv
continues in good demand abroad. but with ten
dency TO ease off where there are no special d.
mands upon the market. The Bank Of England
seems at last TO he making its rate effective. and
as It has been borrowing TO keep up discounts car
help the market materially by releasing such funds
The weakness in bar gold was a further indication
OF strength. but there is probably not much OF r.
IN the open market More should be available o.
Monday.
MARKET gossip Upper & Co started ia
movement in Railway Steel Spring, and have been
active in the recent past in most OF the railroad
equipment issues. The movement IS sympathetc
and based general principles. It's best feature -
that it should be possible at all at a time Or fasg
stiff money rates. Housman & Co. were nojiceably
large buyers Of American Locomotive The aruls
in The Wall Street Journal showing a value o,
S72 for the common the cash investments ard
liquid assets brought IN better following than II.
active pool in the stock has so far been able %
create. After a considerable period NJ inactivity
the market pool in Tennessee Coal and Iron nads
successful temperance. encouraged by the sc-
tfvity and strength in other industrias. On the sd
vance in AIlfs- Chalmers common and preferred
John Wallace had some stock for sale. but found
good market for # E e. Converse. who Is a
member of the AIs-C Chalmers board. IS now reprs-
senting General Electric on ths American Locom0-
tive board This represents more peaceful relations
between AIIis-ChaImers and General Electric. and
seems a legitimate bull argument. II ts probabls
that the heaviest sellers Of United States Steel
Thursday in the Intellectual attempt TO break ths
price below 81 were substantial buyers az a poirt
higher during the morning. Jacob Field was the
most active of the traders the door in the gen
eraI advance Trowhridge & Co. who bought
good deal Of stock on Thursday executed SUI
stantfaI investment order IN Northwest. and vs-4
mainly Responsible Tor the advance in the price q
that stock Commission house business vas n't
very large. but was decidedly better than IN ihs
earlier part OF the week
BANKS GAIN CASH-The reported movements
of currency this week indicate gain ir cash he'd
by the banks OF s.. 100. 100 They received from
the interior s4s75.to0 and sent TO the nteFi''
81 1o2 OoO Of which there was transferred through
the Sub-Treasury S1.57O.0o0 TO New-Orleans. Sl@-
600 to Cincinnati and S1315 600 national bank notes
we're sent 70 Washington for redemption The oss
TO the interior was S2.12690o. Receipts Of nsa
gold were S5451.SOo namely, S2,9+l,S0o impoToel
SITS 700 on Network assay Office checks $Lo&-
600 on San Francisco mint checks and TELEGRAPH
ira nsfers S637lO0 on Seattle assay Office cheeks
Ordinary disbursements by the Sub-TreasuTy Vefs
S22 Gil, 400. Payments by banks 20 The Sun-
Treasury for customs. Internal revenue. per CEN
fund. etc. were S22.242.ooo Ihe ga
on Sub Treasury operations proper was SS'sT&
The total gain ty new gold and on Sub-TreasT7
operations was So $4,000 DeductfnS from this TIE
loss TO the interior Of 81 126 900 the net gain vas
So 700 100. The greater part Of the loss TO u1
interior was caused by the transfer through Or
Sub Treasury Of currency to New-OrIeahs % -
amount OF 81 $40 600. This transfer was made ~
the purpose Of strengthening the associated bans
tn order IN T1-1r-I
banks upon which Uncalled fo- run had %
made This was not strictly n part q VAs '''s
of currency, but nevertheless Gle Al'Es
will probably stay at the South until the sNs''
crop has been made. This crop usually caHs u
several million dollars from New-1ork-
CRUDE OH. ADVANCES-The STANDARD %
COMPANY has advanced high grade PennsyIV'n4
oatrGIcum from 81 So a barrel 70 81 81 a barrel kl
sax oil has been marked up cent a barrel 'e {,
cents North Lima has been advanced 70 - a.
South Lima 10 81 cents This IS IN sympathy "l~
.ba advance in refined oil. A little over mai'-
ago Pennsylvania crude was bringing 81 2 a pa.
The consumption Of oil. due largely 10 me O97
ton of oil properties in Russia IS larger '--
duction.
BOSTON COPPERS-Copper STOCKS a. -.
showed Il marked upward -
Weak spots were entirely absent, while man! -
sold at high points on the movement Gli' -
,oppers were the features. although the 10" ~
securities received a good deal OF attention"
,eola ND . points TO lie. Calumet and Hecla 80.
active lust after II O'Clock and scored an 49, -
Of II points TO 679. Old Dominion was the - -,
among the low priced issues. A large voian' -
put around So
APPLICATION TO LLST.-The Mexican
Railway Company has applied 70 the Stosa
change for permission TO list $5.lSA~" ao--f
capital stock. The Chesapeake and OHIO -
Company has applied for permission to iS' -
NO additional general mortgage - per GEM
PULLMAN DIRECTORS.-The folo"lAs
-ectors OF the Pullman Company were ele'.e 1-srr
-erday: J. Pierpont Morgan. William h 80
bnt Frederick W. Vanderbilt. W SeNSl 80
and Henry c. Hurlbcrt. OF Newly orr: n No.
Field. O $. A Sprague. Robert T. l4hcu', '.ga
nan r. Ream and Frank o. IloTden, o. ~ ~ss
WESTERN MARYLANDS ADNANSN -,
Use in Western Maryland stock on u's ,s,los
vas probably incident upon the u,srs
II the Western Maryland syndicate. TIE nv m
# the syndicate received S5.oOoO OF sl's@ IS
he date of the dissolution il was quoted ISs ,,,s
share The rise TO So per cent means an - NJ
II $4,000 in the value Of the stock reee' 4.
he syndicate. This is nearly per cent
~, 10000 cash paid in -. tss
GRAIN ACKNOWLEDGEMENTS reps
Exports OF wheat including hour FOR inc al
Ss4 4S2 bushels, against 2T54.462 last Nes".sss
Os6 49, last year; since July ], &2No,Sls Vss,s
against 20gT2S4S last year. Corn. 1N'h0 .,,s
against et2 IA last week and 1888 last yes'
fully l. Il 99 $50 bushels against 9SS.1I1 lass IA
NEW STOCK EXCHANGE MEMBER 1sE
han Frank for many years associated We 10 .ss
3 co and at present with NewbOrs & w.