New-York tribune., 1905-08-01
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt in
15.0oo shares, selling balance. In London con-
soils frmer. at eVss. and foreign bonds con-
tnued TO show strength. Indicating confidence in
the peace outlook. Copper stocks Arm and
the mining department steady. Money was no.
ticeably easy for the last day OF the month and
should continue plentiful for August and probably
the greater part of September. There was not
much sign of reviving foreign interest in stocks
but foreign advices were hopeful in this respect
with any really active lead from this side.
MARKET GOSSIP.-The early movement in
500 common taken by the traders as
Election of the strength in Canadian Pacific. The
Montreal advices buIish on the earnings In the
trading in the first hour or so Ihe feature was the
marked strength in quite number Of industrial
issues which have not hitherto been specially
tive. 1t was, OF course, good evidence OF the
strength in the general market and the with
which pool purchases could be financed. There is
for believing that the First National
Bank interests are among the most bullish in the
Street. They regard the advance in Lackawanna
fully justified and said to have stated that
recent buying has merely been the reinvestrnent
of profits on that stock An investor has TO bid
up before he finds any stock The sharp move in
Pressed Steel Car is understood have been based
upon large orders hand and in sight. OF
course 1t was necessary TO choose generally favor
able market conditions for the movement. but trad
believe that the advance in this and other
railroad equipment issues will run further. Trad
thought the movement in Tennessee Coal and
Iron locked If it had Jacob Field behind it. The
directors pool, which operating in the stock
the last advance, has probably sold out; but
the Woodward interest is net interfering with
market manipulation. and there is not a great deal
of stock in the Street. Although A. Eckstein. the
specialist, of the early buyers of Ameri-
Smelling. he sold good deal more stock than
he bought. and probably put out 5000 shares be-
fore midday. There seemed. in fact to be
good stock for sale advances. in spite Of the
talk of a 7 per cent basis at the next dividend
declaration Although commission house buying
decidedly light. canvass of number of the
active houses shows some Improvement In the last
few days. and certainly a larger number of houses
carrying fair line OF speculative stocks. The
count this respect is still light. but is growing.
and would soon become factor with broader
market.
IRON AND steel. IMPORTS AND EXPORTS
For the month of June. 1875. the imports OF iron
and steel were valued at s2S6a5S. against 5000
TsS for June. 1904. This is an increase of Sd5.tO
The exports of iron and steel for the month
were valued at sill s2o655, against 81 sS1.eso in
June 1906 showing a small increase of $iS9GS5 The
imports of these products the fiscal year ended
June 80 1905 amounted TO $21sl0l64 against S70SS.
$40 in 1904. The exports for 1seio stand at a3i.
TT s2l and compare with raiS 5ss in Is04 an in
crease of 80. .77e Ss5.
SEABOARD STOCKHOLDERS TAKE ALI.
FIRST PREFERRED.-The privilege accorded 10
the stockholders of the Seaboard company of sub
scribng to the first preferred stock of that
company expired on the 2Sth instant. All the first
preferred stock to be issued under the plan was
subscribed by the stockholders themselves An
underwriting syndicate, composed of interests
largely interested in the property, had agreed to
purchase. without discount payment of a CON-
mission all of this first preferred stock not sub
scribed 10 by the stockholders OF the Seaboard
company
MOVEMENT OF MONEY. The loss OF s2S4 ooo
sustained by the banks Saturday. the net loss
since Friday being 2,s22.ooo. was on account OF
the s2.aio635 payment TO the government OF the
Southern Pacincs serni-annuai instalnlent on Cen
ual Paeinc Railway account. This will be largely
offset by disbursements to-day by the local Sub
Treasury. exceeding G.dooeoo, for interest on the
SIS of 1893 and long As OF 1898 Payments ON account
OF kiondike gold are also expected TO improve the
position OF the local institutions
CANADIAN PACIF1C.-The gross earnings OF