New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-16
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses dealt in
10000 shares in the local market selling 5000 Rus
sian bonds lower, also consols, while the
general market heavy. Discount rates were
higher at most of the foreign capitals, while bar
gold in London was advanced.
MARKET GOSSIP.-Poos reopened activity in
number Of issues prominent among them being
Kansas City Southern preferred which adj
vanced in the face Of the unfavorable news re-
garding Rock Island Central Leather was more
active than it had been for some time advanc-
ing over two points Interests identified with this
property have been talking higher prices for two
months, but there has not been any real move
ment in this stock so far Floor brokers be-
leved they could detect distribution Of Tennessee
Coal and Iron and the other Southern steel issues
by those who were concerned in the recent VIC
lent advance in these stocks. There is some bear
talk about American Locomotive the technical
position Of the stock. In the traction issues there
was heavy buying. especially Of Brooklyn Rapid
Transit, which advanced nearly four points from
the opening. Among the prominent buyers were
Post Sc Fiagg, while the house which has been
behind the advance in Brooklyn Rapid Transit did
not to do much. The strength IN Wisconsin
Central accompanied by a report that
prominent trust company which holds large
block of the stock had received offer from
J. J. Hill for the entire amount owned by it.
The easier tone in AmaIgamated was said
be due to the fact that the people who
have been caught short of Tennessee Coal and Iron
had covered a heavy line of stock. It is supposed
prompted by a desire to make the bonds as at
tractve possible in view of the recent appn-
cation 10 list another 100000 OF them. Among
the specialties General Electric attracted great
deal of attention it not only recovered its
dividend but very nearly the value of the rights.
Pools were active in American Beet Sugar Central
Leather and few other hitherto UNEMPLOYED
specialties
BANKS GAIN MONEY.-The reported move
1nents of currency this week indicate a gain in
oO1 cna
the interior $0331 100 and the interior
sj172 800. of which there was transferred through
the Sub-Treasury $4,000 to New-Orleans and g.
$4,000 national bank notes were sent Washing
ton for redemption. The gain from the interior
s. 15S.s00 Receipts Of new gold 1868 500.
namely 1857 800 on New-York Assay Office checks
s1s 900 on San Francisco Mint checks and $500
Seattle Assay Office checks Ordinary disburse
ments by the Sub-Treasury 500, 1875 200 Pay
rnents by banks to the Sub-Treasury for customs
internal revenue . per cent redemption fund, etc.
were 21787Co0. The loss Sub-Trcasury opera
tons proper s1,5s8,SOc. The total gain by
gold and from the interior 81 81 500; deduct
ing the loss on Sub-Treasury operations proper of
St5S3 500 the net gain s3,232, SEQ. The large
ccpts from the interior stimulated by the
high rates for money prevailing here during the
last week. About 100000 reported
ing from the West, 100000 from the South and
the balance from nearby and Eastern points
Shipments were chiefly to nearby and Eastern
towns for payrolls. Christmas money etc. and
there were also remittances to the South Of about
100000 in addition to the amount transferred
through the Sub-Treasury to New-Orleans.
BALTIMORE AND OHIO EARNINGs-The
statement of earnings and expenses OF the BaItL
more and Ohio Railroad Company exclusive of the
controlled and affiliated lines, for the month of No
vember. 1905 compared with the corresponding
month of 1885, shows: Gross earnings 1903. sS,5sl.
81: 1904. S5,757747 increase $3.50. 62I. Expenses
1885, s4946OS7 1904. $37s2o22: increase $54O65 Net
earnings 1885, s. 245,2S7: 1901 $685. 725; increase
$249,562 For the five months ended November So
as pared with the period last year: Gross
earnings 1905 $ 159 SIS; 1904 s29 49, increase
50 43 Expenses 1905. O27O; 1904. S17sS5s5s
increase, S4S12. Net earnings 1906 81 7S9 61S
1904 81 246517; increase $5431T The lines included
in this statement the Baltimore and Ohio Rail-
road Company. the Baltimore and Ohio Southwest
Railroad Company the West Virginia Short
Line Railroad Company. the Ohio River Railroad
Company. the Ripley and Mill Creek Valley Rail-
road. the Pittsburs and Western Railroad Com
pany. the Ptttsburg gainesville and Fairport Rail
road. the Pittsburg. Cleveland and Toledo Railroad
and the Pittshurg Junction Railroad
GRAIN EXPORTS.-Exports of wheat in the
current week amounted TO 4.435.162 bushels. com
pared with 1444.s9o bushels in the same week last
year Since july exports have been 57,20S.5i9
bushels compared with %. 7O1 4z9 in the time
last year. Exports of corn this week were 24o7.-
776 bushels. against 45S7l$ bushels in the
week last year From July l corn exports have
amounted TO % 256, S96 bushels. compared with
12O55,199 bushels In the corresponding time
year ago
MITCHELL. MINING. ~ E p. Elson general
manager of the Mitchell Mining Company. who has
just arrived in New-York from Mexico states that
the property is in excellent condition and that II
is far ahead OF its present smelling capacity. it
easily take $50 tons daily out OF its tunnels
and shafts In shaft alone it has close to 100
600 tons of blocked out. showing an average OF
4 per cent copper, by mixing it's black sulphide
with the of ore from this shaft the company IS
producing an average of 10 per cent coppe~ TO the
charge The converter plant is rapidly nearing
completion
ERIEs Rail. oRnER.-The Erie Railroad has
placed an order 1884 tors e0-pouud steel
rails, This amount wiz cover the requirements
OF tho rel.i rene-.aIs afI ,.r