New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-15
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreisn houses dealt n
SN0 shares in the local market. buying l5.ooo on
aance II London consols were steady. and the
forsign bond market showed no feature OF interest.
Copper stocks were decidedly weak and the mining
market was lower The Bank Of England did not
change lis rate. where an advance had been con-
sias-ea Just possible This had favorable iniu
enee. especially as money for the last day Of the
settlement VAS plentiful and cheap.
MARKET GOSSIP-The best Of the buying in
United States Steel common was by Shearson,
Haulmlu s Co. who have powerful following in
Plttsburg and the Middle West Traders followed
the buyi-g with CUr-ie Brothers prominent among
the active professionals on the floor The buying
q r 5. Helms & Co in Erie seconds was the
feature in that issue, and calls attention 10 the
fact that this house has been substantial buyer
q the Erie issues for some days past This salts
fes experienced operators that Erie has a large
voice N the final disposition OF Cincinnati, Iiauil-
tor and Dayton and its controlled roads Jacob
Field. who was prominent in the advance in South
en- Pacific on "Wednesday. was again buyer Of
that issue. and also helped 70 bid up Erie These
Two stocks seem 10 attract more public Following
than anything else al present, ard were helPed by
considerable scattering commission house buying
Flower & CO. were prominent as the buyers o.
1s-ookIvn Rand Transit and Rock Island Iney
are always credited with more or less intimate re-
lariors with both these properties and stimulated
d little short covering by traders who have not
shown much respect FOR recent buying. keech
80 c. T.
and advanced the stock with considerable success
taking rather better than 5000 shares in all There
Is technical short interest, due 10 sales or the
stock against purchases Of the convertible bonds
which gives sorne help 10 bull operations c B.
Macdonald was the leader OF The bal party IN
r-rion Pacific throughout The day Hartman &
90 are credited with gtE1ng out number OF buy
.-r orders and are said 10 be the leaders OF the
bull party which claims that the STOCK Is oVersoH'
although the loan crowd does not sho" H.
rlE- ~ n -
,iosa of business on Wednesday had lost TO the
sub-Treasury S 66S.ooo or SSSs.65o more than the
e--ire surplus reserve last Saturday. Up 10 the
close Of business On Wednesday q week ago the
hanks had lost s4.05s,ooo. The sub-Treasury was q
debtor AT the Clearing House yesterday morning
for Se-7.2
SHELTERS DIVIDEND IHCREAsED-The d.
rectors OF the American Smelling ana Refining
Company have increased the dividend on the com
mon stock from 10 q per cent basis. quar-
tery dividend Of IA per cent being declared yester-
GAY The regular quarterly dividend OF "a per cent
was declared on the preferred
EMELrERs NEW PRESIDENT-Daniel Gug-
Eerhern yesterday was elected president OF the
American Smelling and Refining Company, succeed
inE the late t. Il. Nash The Office Of chairman
Of The hoard heretofore held by Mr.. Guggenhen,
was abolished The following vice-presidents were
also elected: s W. Eccles, vice-presdent in charge
OF traffic and c. N Borden, vice-president. with
power % sign checks and certificates OF stock in
the absence Of the president or vice-president Ed
ward Brush elected assistant 10 the president
u addition 70 his of5ce OF secretary. All the other
rtirtng officers were reelected
CHICAGO GREAT WESTERN-Notice has been
received by the Stock Exchange OF the increase Of
ne Chicago Great Western Railway Company
Per eent preferred stock from 100000 10
e. 90 ,0Jo.
ELECTED MEMBERS-H II. SaGler Wilbur K.
Mathews and Charles a. Painter have been elected
members OF the New-York Stock Exchange.