New-York tribune., 1905-08-11
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt IN
1900 shares in the local market, all purchases
In London consoIs were steady, and foreign oonos
were firm. Rio Tinto eased of little. bur Ana
conda was noticeably strong. There was no feat
ure in the mining department. As regards the
peace conference the tone abroad continues con-
servative, but hopeful. Money rules easy although
the Bank Of England. which did not change IT'S
rate. made somewhat less favorable return than
IL has done lately. showing ap9reciable reduc-
ton in the proportion of reserve liabilities and
Z rather heavy loss OF bullion on the week
MARKET GOSSIP.-Traders were inclined 10
consider that the morning reaction was due 70
combination of the Gates following taking profits
and certain Boston and Newest interests putting
out a line of short stock The cooperation Of the
two forces might have been merely a coincidence
The buying OF Delaware and Hudson was gilt
edged. Edward Sweet & Co. who took about 800
shares apparently wanted more. and other houses
of the same class were picking UP all the stock
in the market paying very little attention 20 ad-
vances of half point so Wire house opinion
is conservative. even among houses which are bull
ish for long pull. T. A. Mcintyre & Co say; 1T
looks as though the general market had been sur-
felted with too much bull dope lately, and is in
condition similar to that of the cotton market
Gently slump of two or three points would do II
a world of good" H Content and other active
traders bid Up New-York Central. finding very
little stock in the market The stock has been
rather popular short sale as a hedge against
Pennsylvania. purchased on the theory or Che rel
atively low price OF the latter. and some shorts
covered The Gates following were suspected of
selling their United States Steel common. but
probably with the idea OF taking hold OF stocks in
other parts of the market There very little
stock pressing and the support in United States
Steel was noticeably good There is apparently no
limit 10 the advance in Lackawanna- There is
simply no stock in the Street. a canvass of some
fifty commission houses did not disclose a single
one that carrying any of the stock. The spe-
cialist. of course. Will make broad market
and simply sells direct orders without taking
any chances.
WELLS. FARGO COMPANY.-The annual meet
ing of the Wells, Fargo Company was held this
morning and the officers and directors were re-
elected. Dudley Evans remains as president and
H. B. Parsons vice-president secretary and
treasurer. The directors are E H Hartman
Dudley Evans. H b Parsons H. E HUNTINGTON
John ]. McCook. George E. Gray F. d. Under
wood. w v S. Thorn. w T. Van Brunt William
F Horrin. Julius Kruttschnitt and William d
Cornish An official of the company states thar as
the banking business previously conducted by the
company has been merged. more annual repor+s
will be issued.
GREAT NORTHERN.-The figures of Great
Northern and its subsidiary companies are now be-
ing made up for the annual report and the work
has progressed far enough TO Indicate that the
surplus after charges will be approximately S22-
5OO,OOO fully IS per cent the s25.O0OO0 stock
COTTON EXCHANGE TO CLOSE-The Cotton
Exchange has voted to make Saturday. September
? exchange holiday. 1t is understood that the
Stock Exchange members will petition the govern
ors TO close the same day.