New-York tribune., 1905-11-09
wAII, STREET AND EXCHANGES

FOREIGN TRADING.-Foreign houses dealt IN
Yvn shares in the local market buying ZSoph III
London consols gained 616 per cent at SSss ana 'e
general market was frmer. There was no feature
n Rpssian bonds The mining market showed
.s,r strength although the copper stocks were a
little inclined TO sell off. Money was in far oe-
msnd abroad, but did not act as If the Bank or
England was likely to advance its rate on Thurs
day. although it is admitted that the special de-
rnand for Germany is still important factor so
far as could be gathered from the foreign trading
srbitrage houses were buying stocks for New-fork
account before opening.
MARKET GOSSIP-There seems very little
doubt that the politicians are genuinely frightened
By the closeness of the election and the demand
,or a recount the part Of the Hearst party. The
selling of Metropolitan and Brooklyn Rapid Transit
came through houses with quite active Tam
many connection. On the other hand, the selling
u Consolidated Gas is not good There is prob
ably enough short interest in that stock to protect
n In any ordinary event Clark Dodge & Co. were
the principal buyers of Missouri Kansas and Texas.
Il will be remembered that the same house has
been picking up the stock for some time past. and
credited with powerful affiliations in the North
vest The heavy tone in the Hartman stocks had
G good deal more influence than the movement Of
stocks more directly affected by the city election.
Traders the floor reported very good selling and
Gre probably not far wrong in their belief that the
Kuhn-Loeb following conservative. Floor trad
say that there still some bears Of Reading
snd believe the stock can be bid up until they
cover. Currie Brothers were intrusted with the
principal buying orders in Reading. and took
4&a shares in bidding the price up in the forenoon.
Traders thought they were acting for Gates. c. B.
Macdonald sold freely at 40. There are rumors
current that some unexpected long stock, possibly
Il c Frick's. is being quietly distributed on the
advance. The unexpected heaviness of the
kst gave rise 10 a number of explanatory runlors.
one Of which originated in private cable of one
-fi i--ao hons and IND; afad rf,a
assassination of Russian Minister Witte. Jacob
Field was credited with rather bearish position
on lie general market. He was thought to be sell
Ing On small rallies particularly in the Hartman
fosss and Pennsylvania. c. H. Dewitt and his
tloSn following seemed TO be putting out stock
~ Union Pacific and Southern Pacific. At the close
'aa market was decidedly depressed. requiring
powerful support in a number Of places and show
ing good deal OF weakness in spots. Traders
WIG covered short TO even up on the day reported
'aas there was stock in the market than
'here has been for some time past. The selling
~ Missouri Pacific from Fairbarn & Hilliard.
Sa@rshal spader & Co and other active wire
hoases The most definite ruInor. and by far the
.'s probable, is that the dividend will be cut at
.us next declaration. In view of earnings, pros
pte's and the condition of the road the present
: per cent rate is anything but conservative
oA1'eo States Steel had TO be strongly pegged
e'oohd 81, and at that figure the liquidation
q one time looked ike breaking through the sup
port
fh1H COST OF LIVING.-Dun's Index Num-
- " commodity prices proportioned to consump
Non established high record for recent years
u november at sl03 S5S. againt aoo426 a month
previous and ss.fd on November l. 1904. Ii is in
osehg TO notice that the increase for the month
- 'c'ooer was practically all provided by ar
"Sies OF food whereas the rise for the year
itea IN the other commodities. chiefly in the
ses embracing clothing and metals Although
le iefei Of prices has risen slightly above the
s'aOus record for the last two decades, which
s sheel5. on March ], 1904. 1t is gratifying TO
- mat speculative imitation enters compare
seig little into the present situation, high prices
-e largely dependent upon relation of supply
oemand. and consequently there IS little danger
4 disastrous reaction such as always foAows
4 N&'fan'ed advances that may be traced To
\ ~fuauon. Most of the nations productive
s&aiy is now fully employed. and the earnings
~p'ial are augmented by the liberal distripuuon
i @ages 10 a population that probably has the
I 10y Percentage of unemployed in the couhtr!
.Is. despite the unprecedented lfnHigrauo" VI
- ast year. To some extent speculation Is III
,-sAee notably in the leading cereal ana COTTON
l - this movement has the support of a whole
I ss Demand: nor is there any evidence that 'iie
- cost is restricting consumption or threaten
i = an unhealthy accumulation IN the hanos OF
l 'sotBcers
nOlLANDScHE BELEGGINGS coMPAGNlE.
j s hollandsche Belongings Compagnie tf1oiiA'-e :
I..'s'nent Company. Of Amsterdam mas r1
:. 50 sn arrangement with Kuhn. Loeb q 20 ~ @ a.
j s financial correspondents in the Uni'ed =.
~, HoAandsche Belongings Compagnie, "iiich .,
go controlled by Hope & Co.. the Neoeiia
-. 'stsfnaatschappy and other Dutch nrl1ls oi
a. Standing. formed about one year "s0
ts1s capital OF 10000 forms, an increase u
+, ,p horins having now been authorized Ch.,'
q, quarter the company may issUe bonds TO oouDie
elholnt OF It's share capital II is intehoea 70
L1oy large part of the increased resources AZ
rs..fhen.s IN American securities
a s.z AsADlAN PACIFIc-BoSTON AND MAINE
ss1orted froI4. Trustworthy Boston sources tAas