New-York tribune., 1905-11-18
WALL STREET AND EXCHANGES


FOREIGN TRADING Foreign houses Ss.,,
5000 shares in the local market ssII;,1 So
shares In London consoIs were steady - w.
changed and Russian As recovered u ner ea,. !,
their severe decline of Tuesday Conner 60
were firm. The Kaffir market showed a -
tone. Money was in fair demand in London oDs..S
likely to continue so. as preparations for the INV
ernment financing early in December will rnak.-t.
Bank OF England very conservative. Conditionx .,
the European bourses were reported ouiAt .7.nL
the Paris market. upon the whole acting rpn.-v.!
bly, well in view of the Russian situation vbich
seems as blind ever.
MARKET GOSSIP.-It was said yesterday that,
E H. Hartman had turned bullish on the marker
and was ncouraging the bull movement In hath
Union Pacific and Southern Pacific The story crr
rent OF revival OF negotiations for the merger n,
the Southern steel properties does not receive ~
couragement from any holders of Tennessee Coal
and Iron, except members of the minority pool}
With reference to some details of a plan Of msrs
ger recently circulated. member Of the controlFn
interest pointed out that if Tennessee Coal ant
Iron was worth I'D in such a merger the othe{
Southern stocks were selling above their value OF
that basis. c. B. Macdonald was the leader OF The
early movement in Union Pacific while Charles G
Gates & Co. and other active Western houses toos
a position the same side There was a Htls
buying by a Standard OIL house which had soma
stock for sale at the beginning of the week TIE
the specialist. A. Eckstein who took about 2.0il
shares altogether. It would not he fair TO suggeg
the source Of his orders. but the Guggenheim fo,
lowing is talking aggressvely bullish- ID
gitimate argument for the strength in RepubH;
Steel preferred than the old merger rumor stories
is the fact that the dividends in arrears are beng
considered with a fairly definite idea of an ar;
nouncement in the immediate. future The buying
there is good. and great deal of the stock has
been taken out of the market. Sutro Brothers vss
among the most conspicuous Of the buyerssi9
Brooklyn Rapid Transit The Philadelphia HOUSES
continue to take the stock The rights on the HeF
issue of New-York Central changed hands on tfs
curb 51s to 524 per cent. From the action OF hs
stock the floor. they seemed to have been verT
largely discounted in the market There was COZ
siderable activity and strength in Erie. which sftaf
making very large deduction for rumors OF -
being a second Reading" acted we'll II va'
bought by Halle & SHeglitz. Dick Brothers {.
Gates & Co and other houses, with good speech
lative following
BANKS LOSE CASH.-The reported movements
of currency this week Indicate loss in cash hell
by the banks Of s3.C62.70o They received from 'f9
interior S. sSS 200 and sent to the interior Ssase
of which there was transferred through the SUE
Treasury to New Orleans $325.Oo0 and a.S2l,@o NJ
tional bank notes were sent to Washington t-
redemption. Loss to the interior. 2,5S,Im hs
ceipts of new gold were $1.1$5. .2po-namely, $ss"
New-York assay office checks. $343.3On on San FTa
cisco mint checks and telegraphic transfers ah1
$50 600 on Seattle assay office checks Ordinary u
bursements by the Sub-Trsasury were S2es'|s
payments by banks to the Sub-Treasury Tor css
toms. internal revenue, per cent redemption Iul1
etc. were So $4,000 The loss Sub-Treasli'
operations proper was 81, ,654.20o The total loss .
the interior and Sub-Treasury A.lS7.s"; Q.
Quoting from this receipts of gold, Nr1eE
the net loss was sS,062 zoo. 1t was expected tsS-
a small gain would be shown from the in'ei
this week. but it appears from the reports Of m
vidual banks that quite a large amount q O.
that was sent here from Boston. Phladeipu1s
other nearby cities early in the week was returns
later. For this reason. however. the bank see
ment may not show so large loss because -
early gains in the averages Will count for more 'A
the latter losses. Receipts from the interior
the largest since the week ending August = % .
fore the beginning Of the crop movement, On. On
ments to the interior were larger on account u
return of cash from nearby cities tnan thsS ~ -
wise would have been The net loss TO the in's.s
is smaller than in any week but toHr SiN''
beginning of the crop movement
GRAIN EXPORTS FOR THE NEEk-- Dia
streets" reports the exports Of grain Tor 'Ae
with comparisons. figures in bushels as l.-sf
Wheat flour included. 4.7SO.21- against S9S-tis =
week. t2S9.642 in this week last year. ahaos ana -
in 1903 and 5.Z77.6 .672 in 1902; from July l. -sss ts
contraste1 with 266S3.Osi last year siS76e-s "a a.
75l $50 last week. 1888 in this week year a
/ 39i 625 in 1893 and 2f33SI in 1917 from Ju'y :.
1872 457 against 10 929 Ss4 in 1904 p 9t IN ls
2 1888 2S0 in 1902
CANADA'S LAND BOOM--WesteFu '"'--s az
enjoying another big land boom and pfi'sf
soaring in Manitoba and the two proSHsrH
Alberta and Saskatchewan The land c'up'' s,ssp
report an increased activity in farm lands @4sa
the cities and large towns OF the West NSS-r .s,,r
steadily advancing The Canadian Pacific kan
WILL of course. benefit to greater extern - o, III
other individual concern and already $ fhs
lions have been added TO the aggregate Fa'', 4,
conpany's immense holdings the seiins P'ls -
present showing an increase Of 81 20 % an
a year ago in certain districts. chiefly N .ssT-a
Alberta, and along several Of the cohpSn'
lines in Saskatchewan. .sShsen
APPLICATION To LIST.-Apphcai'on '..ss.sfof
made TO list 81 312710 additional prsferrea sfk
the Denver and Rio Grande Company on lhs gsa-
Exchange and ST. Louis and San FraheisNg r,.sfsssa
rold Company $40 1890 Chicagp anu ,F4st
Illinois Railroad Company common t,.sf7s
certificates for $3.50 each In Substitution issi.-
caeo and Eastern Illinois Railroad Coiip-s .nz
mon stock trust certificates for @,29- sSsc
listed ..,>-5.sssIse
BALTIMORE AND oHIo's EAKNi.'ss ~, 81
statement of earnings and expense o' .sssSsstt
.imore and Ohio Railroad Company esatl1f
he controlled and affiliated lines Tor tN ~. .ot-
october 1895. showing the increase 'so s 1srsss
responding month of Isai. is as ,,.psussx
earnings, sS,s5s.7s2; increase se'=''i''