New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-07
WALL STREET AND EXCHANGES

FOREIGN TRADING-Foreign houses dealt IN
IS 900 shares in the local market all sales In Lon
don copper stocks were heavy and lower. and the
general market showed some disposition TO sell
off Consols were trife lower and foreign bonds
were heavy. Money market conditions and the
expected Russian loan the principal influences.
The Russian borrowing is expected TO be quite
a large scale. and the Bank OF England may pos
sibly advance its rate some time this month. No
change is likely this week
MARKET GOSSIP.--Amalgamated Copper acted
badly on the heavness Of copper stocks in Lon
don, where some attention was paid 10 the scare
rumors OF manipulation in the position Of the
metal American Smelling was strongly supported,
but bidding by the pool did seem to bring in
any more public following than similar operations
in Analgamated. The early heaviness Of the Har-
riman stocks largely due TO realizing on some
OF the stock bought for London on Tuesday. Both
Southern Pacific and Union Pacific are allowed to
take care of themselves so far as the Kuhn, Loeb
brokers are concerned. and traders take the short
side readily in the absence of support Arbi-
trageurs the principal buye1, OF Texas Pa
citc. and were responsible for the early strength.
The most influential early support in United States
Steel was given by J. ". Davis 6, Co Reading
again failed to rally the general list in spite of
vigorous manipulation. After hour or rnores
trading the list showed signs OF pressure in num-
Ter OF important stocks. testing the suuport in
SGnelters and Amalgamated Copper In these
stocks the pegs. at 126 and 81 respectively proved
TOO weak Traders we're active the bear side.
c B. Mcdonald was quite q heavy seller Of Union
Pacific and Steel. and Dan Bacon hammered Anal
sanated Copper through the pool supporting orders
~ y The floor professionals did not think much
OF the support. anG were more aggressive on rh=
Dear side than they have been iatelv The haa,,.
buying orders in Reading We're executed by yvsssa-
mann Brothers and Edward Sweet & Co. The for
Hi-I mouse traded both ways. Jacob Field Sa-
employed 10 bid the price up when the rest ~ 80
market was declining The Gates following have
apparently gore over 10 the benr side ~ Ct rsss+
So N 10 have been getting OUT o. some OF their long
stock They we're estimated TO hai> sold 20 mn
shares around The room in the forenoon, v-orf
bTo'hers We're quite important sellers OF stocks
9'ouha 'h@ room. Including among other issues
1000 shares of Steel preferred They vrare sr,,o,
the largest BUYERS in the recent advance 49,
rage hoHs@s declined 70 take any position over
.iShC IheE all went home .ong On Tuesday anu
I9uh' very unsatisfactory London rnarze- 10 = oil
IN There are too many OF them in rra I,,-i-.--
~ present and IN taking an overnight positi,,
they cannot help bur spoil each others market
RIO IRON CERTIFICATES .--Quota,io on the
call were as follows Regular. September a. co.,
A559 October So 20lt$5 a. Nover,t4r s,s eSx,z "a
December. Si5 2l0E 81 o.: Ja0uary and 1-ai,r,,.r.
S!' -9o 50 Foundry. September ana October S-45
5'' 20. No,ember Si5 0sl5 - December. So s5a
81 10. Jsn0arY, SIS 50 So. Fehrrary 81 case on
the second call hids for regular certificates ,yera
shade higher bur did not r=srlr In business F,,un-
dry vas quiet and little under the frst call
prices Quotations On The second cali wore as FOL
lows. Regular. cash $5dN@ a. september. So fog
Si'''' p-t''SI So -PGSio5H. (cySUhFT. 81 el17
81 CO. December }15 2J0$l5 10. January ST. ga s.
February. SIS s"as'c. March 81 sass, FOUNDRY,
'ei'e.n''r SD i"Sl. e, October, 81 - asked. No
vcmbsr, s. 29dSl5 10; December SIS asked; january
81 5p1A6 Fehruar" and March. s. s5aSs
STEEL FoUNDRJES BOND ISSUE-At a spe-
1ia meeting Of the American Steel Fourdrie5 CEN
Company. he'll in Jersey cit. yesterday sn issue
Of S6e0,)a bonds for working capital md duaucial
rehabilitation was ursnimopslv authoY1ed- II IS
proposed TO issue M present only $4,000 bonds.
The stockholders passed O. resolution compliment
ing sNJudge Gary. chairman ~ the storkh o.ders'
financial conm!ttee for his success in working ont
plan of relief
PEOPLES GAS Earnings Of the Peoples Gas
Company for The month of August showed a con-
siderable increase aud the year is expected show
up exceptionally vel on account Of the big demand
for gas from manufacturers who are all busy. and
because Of the boom In building. which Is holding
UP steadily.
APPLICATION To LISr.-Application has been
made to the New-Yoyk Stock Exchange 10 list
$4,000 additional first mortgage per cent bonds
OF 1921 of the New-York and Richmond Gas Com
pany.
TEXAS AND Pacific STOCK LISTED IN