New-York tribune., 1905-08-03
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foreign houses dealt in
5000 shares in the local market. mostly sales In
London consols lost S-16 per cent? 90I4 and for
eign bonds We're lower. while there was a decided
check both in the mining department and the re-
Gently active copper stocks Peace talk abroad was
not, quite so confident, due, of course. various
warltke utterances of the Car. The best informa-
tion did not indicate any essential change in the
position. Money was easy. and the further reduc-
tion in the price of bar gold a favorable feat
,ure.
MARKET GOSSIP-A more determined at
tempt than the market has seen for some time past
was made to bull Southern Railway which in some
way not explained. was expected TO benefit by the
return Of MI Morgan. The buying was by houses
who occasionally get business from his Office and
attach special Importance TO the prominence de-
rived from the connection There is reason for say
ing that the people who bulling Tennessee Coal
and Iron have inside affiliations, although for
the present they not meeting with any opposi-
ton from the Woodward interest The best inforrna-
tlon does not indicate any special development pend
ing. In spite OF the continued bullish sentiment
among the Boston houses on Amalgamated Copper
it is said that the most prominent operator
was very heavy seller OF the stock between 81
S. The usual rumors OF another Lawson attack
were current. c. D. Barney & Co. were the heaviest
buyers Of Erie in the afternoon. There seemed
more disposition take hold OF the coalers gem
orally The advance in Lackawanna may have had
some sympathetic influence. and the Wassermann
following bought back of the Reading sold at
the beginning OF the week. Wolff Brothers resumed
their buying Of Southern Railway in the after
It Is said that the Gates party behind the
bull campaign in that stock. Traders on the floor
believe that there is fairly extended bull account
in Union Pacific, and rather ready to hammer
that stock They do not believe that with the ab-
sence OF E. H. Hartman for six months or more
any developn ent Of real market Importance is at
all likely this year. For the same reason the Hon
House clique is not bullish Southern Pa
cifc. as it is expecting no dividend before 1906.
BOND MARKET IN JULY.-In their August
bulletin Fisk & Robinson say:
Perhaps of the chief interest in the Investment bond
the Japanese loan of s5OOO00OO AZ per cent bonds
secured by second lien on the imperial tobacco
don Newv-York and Berlin Like its predecessor.
this loan reported to have been largely over
able portion of the funds seeking Investment after
the July disbursements. The return Of d46O00Oo
United States deposits to the Treasury Department
on July 15 on account OF the call OF the Secretary
$2sOOOOO accounted largely for what activity there
was in the government bond market in July. As
Iy affected the majority OF the bonds released
were Immediately redeposted to secure circulation.
by banks i5 the hope that higher prices will pre-
vail as the crop moving season approaches.
DELAWARE LACKAWANNA AND WEST
ERN.-Dominick & Dominick were the heaviest
buyers of Lackawanna, taking 1000 shares. which
were sold by ]. Wallace, the specialist. II is de-
MED that the movement is on any pending deal
People who ought to know say that the real earn
ing capacity of the road is something like 50 per
cent on the stock. The implication is that di-
vision must be made sooner or later.
ST. LOUIS SOUTHwESTERN-Ea OF the
ST. Louis Southwestern for June show gain in
gross OF s1A5So. and gain in net of sss.754 COM
parison being made with the same time in 1901
COTTON EXCHANGE HOLIDAY.-The mem
bers of the Cotton Exchange are signing petition
to close Saturday. September 2. preceding Labor