New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-28
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt
in 5000 shares in the local market mostly pur-
chases In London japanese bonds were nrineF
on the publication of the Anglo-Japanese treaty.
There was no feature in consols. The mining
market was rather depressed. The money market
continues the governing factor in London with the
nreponderance of financial opinion there leaning 10
a, advance in the bank rate The settlement. how
ever appears to have been fully provided for ana
there is even some indication Of overborrow1nS on
that account The strength in exchange here as
checking the American purchases Of GOLD had some
influence in London.
MARKET GOSSIP.-Ontario and western re-
sponded quickly to an advance in the stock IN Lon
don, mainly because the market here Is narrow
while there is a good trading market aoroau
Brooklyn Rapid Transit resumed its activity ana
strength in the early trading The smaller poiiH
clans seem TO be getting and it is said that the
McCarren following in Brooklyn IS parucuiarF
bu1sh 4 more legitimate reason for the strength
IS the recent earnings which make up for soma di-
eppointments in the summer. There was some sea
ing OF Amalgamated Copper when looKed As II i
might be for the aggressive Boston pear parry
There was also a certain disposition TO dlStrlonts
stool. IN the Anaconda dividend among people who
take a conservative view without following the sup
posed Lawson leads The Norman Rouse lo'io"''e
seems to have turned bullish again on Hout"e,'
Pacific They sold out toward the beginning of the
month after a rather improbable QUIZ cai'pa's"'
Int on,ear RI ne buyiug stock again Edward sweet
& Co were again conspicuous in the buying OF
BROOKLYN Rapid Transit. Traders did not think
THAT 7 adenburg ThaImaun & cos heavy purchases
of Union Pacific, estimated 1o00 shares or more.
were for foreign account. The buying was an i'm
Variant factor in the mornings trading, and en-
pbasized the firm tone developed in the Hartman
stocks I'm London before opening. Other inter
pretatfons of the Philadelphia buying in Brooklyn
Ra MD Transit, which is fact have of course re-
vived the old stories of purchase by Pennsylvania
for Long Island incidentally Brady. Keene and
Eervind are all alleged he in the market, and
indeed the variety Of solutions for the Of the
bIyvnC was so large as to slightly discredit the
movement. Reading Of the heaviest stocks
on the list particularly in the afternoon. A little
carly bidding showed that it not good stock
to advance cheaply at the moment, and some scat
tering profit taking encouraged moderately sue
cessfuI selling movement by the traders. Arbitrage
houses did no; take much position over night al
though they bought a little stock and were upon
the whole rather hopeful. Probably very little OF
the foreign business strictly arbitrage Most of
II represented transfer OF the NewYork bull ac-
count carried in London to this market. which
would be a natural movement in view OF the posi-
bflity Of an advance in the bank rate.
WHEELING AND LAKE ERIE.-The stockhold-
ers OF the Wheeling and Lake Erie Railroad Com
pany voted to rescind the action taken by the
stockholders on May 20 authorizing the issue of
coo OF hfty-year per gold bonds Of the
company. and in substitution authorized the issue
end sale Of S250000O0 OF ffty-year per cent gold
bonds 10 be secured by n mortgage deed OF trust
covering all the railroad property and franchises OF
the company now owned or hereafter acquired by
it. subject only to any existing liens,
MOVEMENT OF MONEY-The only change in
the monetary situation is the steady loss by the
banks to the Sub-Treasury. averaging in excess OF
100000 yesterday. Customs collections are IN
usually heavy. In addition TO this the banks have
lost 10 the Sub Treasury since Friday than
S. 10000