New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-06
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses dealt in
10000 shares in the local market. all sales. In Lon
don American rails were heavy and lower, with the
principal pressure the Hartman stocks The
selling seemed local and there was not much bust
ness done for the New-York account ConsoIs were
a shade harder but Russian As were inclined to sell
off. while the copper stocks grew weak. London
sentiment was influenced to extent by the
sharp reaction late on Thursday in New York but
1t admitted that there great speculative
account open in London and very little in the
American department
MARKET GOsSIP.-The movement IN Western
Maryland came from Butler Brothers and Halle &.
Stiegtz. It part Of the attempt 70 make good
market for the securities Of the Gould syndicate,
All the Gould brokers have plenty OF stock to dis
tribute. Bull points the floor before the opening
of the market made good. The best Of them were
in Reading and Union Pacific Both these stocks
were sold short by active professionals on Thursday
afternoon. American Locomotive still has fairly
strong pool of its which marks I'D the price
when it shows tendency to sag, but probably does
not distribute much stock. The dividend talk still
makes itself heard. but the rumors of an early
declaration do not from the right quarter.
Coster Knapp & Co. were noticeably heavy sellers
OF United States Steel common, probably unloading
about thirty thousand shares altogether The
stock acted remarkably well The selling was off
by buying orders in the hands of z. Meyer, jr.
and other houses occasionally associated with Nor
gan operations. Anaconda recovered all Its divi-
dend and little more in tho first FIVE minutes
while Amalgamated Copper was sympatheticaIy
strong No attention was paid to the weakness OF
copper stocks In London. Traders thought there
was enough short interest in ArnaIga mated Corper
to make a further rally easily possible. AS on
Thursday, one Of the best signs the consistent
strength of the Morgan stocks. The United States
Steel issues were we'll supported in the face of
some substantial realizing orders. while Southern
Railway continued to show the confidence devel-
oped earlier in the week There further
buying OF American Sugar by Rutter & Gross, who
will be remembered 10 have taken very substan-
tial line of the stock Wednesday when it
selling two or three points lower. Traders called
this Standard Oil buying. Up to the close c. B.
Macdonald active among the bulls of Union
Pacific. 1t thought that Kuhn-Loeb brokers
bought good deal OF stock in the reaction of
Thursday Afternoon Arbitrage houses bought little
stock overnight.
RANKS GAIN IN CASH-Reported movements
in currency this week indicate gain in cash held
by the banks of 81 04COO Notwithstanding the trans
fer through the Sub-Treasury of 100000 to San
Francisco and the export of 81 0o0cG0 gold
Mexico and Argentina. The banks received from
the interior 81 446.7oo and sent the interior
100 including 100000 transferred through the
Sub Treasury to San Francisco and s. 600 ma
tional bank notes sent to Washington for redennp-
ton The gain from the interior was So $4,000. Re
cefpts of gold $7761O0. namely 1874. 900 on
NeRr-York Assay Office checks. $500 San Fran
cisco Mint checks and $4,000 on Seattle Assay ONCE
checks Gold exports 100000 in coin $500 600
bursemcnts by the Sub Treasury were sol SIS 900
Payments by banks the Suh-Treasury for
toms internal revenue. per cent redemption fund
ETC. were S21. $500 The loss on SubTreasury op-
erations proper was S7i,1OO. The total gain from
the interior and new gold SiIlS.lO0 Deductiug
from this the loss by gold exports and Sub
Treasury operations proper OF S.074iOO. the net
gain 2O4i.0o0
CALI. MONEY EASIER.-The comparative ease
Of call money yesterday due to larger available
oP coahh hell nv he hal Ike The
eraI opinion is that the inflow of funds from the
Interior IS under way, although the currency move
ments In this direction expected to oe gradual
owing TO general business activity. An officer o.
prominent national bank says that Chicago ex-
change on New-York Is more in favor OF shipments
currency to this centre than II has been In sew
eral weeks He adds the belief that the return Of
funds to NewYOrk will be gradual and indicates
minimum per call money rate for several
weeks
INTERROROUGH BANK CoNTROL-It is un.
derstocd that control OF the lnterborouEh Bank
al No. 10 Wau-st.. will change within n shor,
time Reports that interests closely Identified with
the Hanover National Bank are seeking control