New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-22

FOREIGN TRADING-Forelgn houses oeeII III
900 shares in the local market, buying on oaiiTe
~ o,l7o, consoIs were steady and copper stocks
ro++or easier There was feature IN toTelsH
bonds The mining market was Quiet-E Money coi'-
tfnues in fair demand abroad but SHOWS some Ten
dencv to ease off where there is no special can OH
the market The speculative account open alIeauS
begins to show signs of contracting as the Tort
nieb+1,. settlement begins next Wednesday There
are some indications that the account open for New
york in American stocks has been partly trans
ferred to this market on the easier tendency Oh
money here.
ars we're responsible for the strength in New-4ork
Central They appeared to find some shorts aPpar-
emily among the Newest CLIQUE which mas oeeh
rroninent on the bear side lately. WOLF Brcthers'
who were exceptionally heavy traders last week
and were selling in the early part Of 1t, bought
stocks freely round the room, taking 10000 shares
of Southern Pacific and an equal quantity or
Union Pacific The Gates following were nouceaoly
active in the United States Steel issues {. q.
Gates & Co were substantial buyers of the conf
mon Brooklyn Rapid Transit made about the best
showing at the opening. advancing with confidence
and strength. is said that the Flower following
are not in the movement, but they are certainly not
opposing it. 1t appears get its principal strength
from the uptown traders. United States Steel
common acted remarkably well. helped by the
covering of some of the short stock put out on
Thursday The selling then seemed to have had
a bucket shop origin. and was Of a kind which
unusually precedeS Boston advertising attacks
upon copper and the general list. London was 4
fair buyer of Union Pacific at the opening. and
peared to be converted from a rather bearish al
ttude on the Hartman stocks. Strong, Sturgis X
Co. and other active commission houses We're also
represented among the buyers. In spite of the
dividend talk on Southern Pacific. which is a bull
argument at present on the Hartman stocks. well
Informed people do not expect declaration there
before next summer.
THE COTTON OBSERVATION-DISCLOSURES TO The
10
for the week ended October 20 reached S21 919 bales
against S44 925 last week and 246.561 the previous
week making the total receipts since September l,
1905 9S5 1903 against ESQ S9l the same period
of 19O4-'05 showing a decrease since September 1.
1905. of 3155SS bales Reports from the South indi-
cate that the temperature has been rather low AT
some points during the week but no damaging
frosts reported. except in North Texas ana the
Territories. ON the whole. where rain has fallen
the precipitation has been moderate. but in por-
tons Of Texas and in few districts elsewhere wet
weather has interfered somewhat with the gather
ing OF the crop. Picking is nearly completed at
some points.
GOLD EXPORTS PROBABLE-C. Schumacher
& Co. say;
Last Friday. prime demand sterling closed at
4.S5I0. Now II is selling 1865 TO $3.50 a full cent
a pound advance. and the question now arises when
will exports OF gold take place. We are afraid that
for the last few weeks, exchange win continue TO
within a comparatively short time. We believe that
discounts have reached their high mark. and that
long bills are very attractive purchase on the
present discount basis abroad. We believe this IN
also true here and that money conditions will he
less strained from on.
PIG IRON CERTIFICATES pig iron
certificates at the New-York Produce Exchange
were about steady. Foundry grade was shade
lower. There no sales Final prices for regu-
lar follow October. N5 50 bid. November SIS 953
SIG So December. SIC OSG$6 So January sic 1Oa$5 90
Closing quotations for foundry follow: October
Sl5 55Gi$l6: November, $40 s5q$l6 10; December SlG@
$l5 80; January SIC 1Oa$6 so; February $40 l5aSl6 90
March, $i6G$l6 so.
GREAT NORTHERN RIGHTS Subscriptions
from stockholders for the So 600 900 of new stock
Of the Great Northern are quite heavy. The sub
scrpuons from foreign stockholders have vet
begun TO come in but to judge from present pros
poets the ISSUE Will practically all be taken by the
stockholders.
INTERNATIONAL POWER.--The officers Of the
international Power Company announce that they
have taken over all Of the business of the amos
keag Fire Engine Company, OF Manchester, y H.
The International Power Company purchased this
business az the time they organized the American
Locomotive Company, but had the business under
lease to engine trust The lease having