New-York tribune., 1905-07-22

FOREIGN TRADING Foreign houses dealt in
100Go shares in the local market all purchases.
In London consoIs were steady and there no
feature in the foreign bond market. The possbil-
ity dissolution of Parliament IS sufficient To
keep the investment department in London dull
but far pessimistic TumOrs peace prospects
have had very definite market effect The stock
exchange holiday Saturday tended to reduce
the volume Of business Money was plentiful
enough and is likely TO continue so in spite Of the
French demand for gold which cannot be diverted
here in view of the weakness in New-York ex-
change.
MARKET GOSSIP-The Gates following were
said have been among the heaviest OF the days
sellers They were credited with the realizing IN
Reading one of the few stocks in which stop loss
orders cut any figure, and also sold the other coal
stocks and Pennsylvania National Biscuit con
tinued heavy with rumors Of dissenson among the
so-called INSIDERS probably founded the
Bremner resignation. The stock Is unquestionably
scarce and difficult 70 borrow: but the other
hand the sales have been by people who certainly
ought 10 have the stock to deliver if they wanted
TO. good deal of activity and strength developed
in Republic Iron and Steel common and preferred
to have reference to the recent campaign in
Southern steel stocks merger rumors. Special
lists thought the buying was well informed and re-
ported that there very little of the stock in
the market. Traders thought there less Union
Pacific sold than might have been expected on the
declaration of the dividend. They thought the
stock realized on the theory that all the
out we'll absorbed. The Hoffman House clique
believes it to be a dangerous short sale, and is
actively buIlish Southern Pacific Specialists
round the room. while they reported no aggressive
buying said that there little stock in the mar
ket and no stop loss selling orders worth mention
ing within two points Of present market prices.
There does not however appear to be any con-
siderable short interest except perhaps in ST. Paul
where there is a fair sized Western bear account It
was said that the buying OF Delaware and Hudson
for First National Bank account
MOVEMENT OF MONEY.-The reported
rnent of currency this week indicates loss OF
S771 800 in cash held by the banks. They received
from the interior s67O5 800 and the interior
s55211OO. including $4,000 transferred through the
Treasury Orleans. and 81 $40 900 national
bank notes TO Washington for redemption. The
gain from the interior was 81 zoo Receipts OF
gold g 0ol 800. namely s6Os New-York
Assay Office checks. $3.50 500 San Francisco Mint
telegraphic transfers and S56.0oc Seattle Assay
Office checks. chiefly for Klondike gold. Ordinary
disbursements by the Sub-Treasury SO. 5I71OO
Payments by banks to the Sub-Treasury for Gus
toms internal revenue. per cent redemption fund
Of United States deposits ST 45.Oo0
The loss Sub-Treasury operations proper
s3957 $50 The total gain from the interior 81 1S200
and gold. s2Oo1.e00 was S. 49,. 100. Deductins
this from the loss by Sub-Treasury operations
proper the net loss was s771.SoO
UNITED COPPER--The declaration of one-half
Of per cent regular quarterly and One-har of per
beginning of regular dividends on the stock Of the
concern The management of the company wisely
waited before paying dividends on the common
until the company had comfortable surplus and
until the earnings insured permanent payments
The company's mines showing better results
than the most sanguine interests in the property
recently expected
GRAIN Observation-Disclosures reports the
exports of wheat including -four. for the week at
75S29 bushels. against So $50 bushels last week and
l2ol'5u bushels last year; since July l. 66s z33
bushels, against 3.512S99 bushels last year Corn
l1sS.470 bushels against s34772 bushels last week
and 7S641 bushels last year: since July / $50 4s7
bushels. against 1884 100 bushels last year
THE SALE OF STOCK TRANSFER STAMPS
The Bank Of the Manhattan Company as agent
Tor the State of New-York for the sale OF stock
transfer tax stamps, has issued the following no
uce; On and after July %. 1905 all checks
either certified or uncertihed. offered in pavment
1or stamps must be accompanied by a reoufsitfor
signed by the drawer of the check In all other
cases cash viii be required
SUB-TREASURY TRANSFERS - Th,. Sftb
Treasury transferred yesterday for the banks ssee
goo To New-Orhsaus and S247 OGO 10 San Francisco
CANADIAN PACIFIC CRO2-The Canadian p,
ctic crop report is encOUrag ging The cfop IS
heading out all the country ana IN trs
Moose Mountain country 1t j. all in head The
prospects, generally are magnificent.