New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-09
WALL STREET AND EXCHANGES.

FOREIGN TRADING.-Foregn houses dealt in
10000 shares in the local market, all sales. In
London cOnsos were steady and rather firmer after
the heavy opening Russian bonds were unchanged
and Japanese issues showed some strength Cop
rer stocks were rather featureless except for the
heaviness in Rio Tinto. The mining department
was fairly firm. The depression in American
curities was due the evening up of small bull
accounts before the fortnightly settlement which
begins on Tuesday. Money was in fairly COM
Portable supply. and the settlement demand is not
at all likely to any particular stringency.
The demand on London for gold however, con-
tinues, and Paris is still taking all of the metal
offering in open market
MARKET GOSsIP-word was passed around
early that United States Steel common was to be
taken in hand vigorously during the day and the
coming week Forecasts of the December quar-
ters earnings probably well founded, and
would indicate the best quarter in the corporations
history The common dividend therefore may not
be very far away Anaconda sold off rather easily
in the first fey minutes. but Immediately
strongly supported. American Sugar acted as well
as ever. Nobody in authority will admit that there
is any special development scheduled for the meet
ing this week but the conservative section of the
Standard Oil interest is buying the stock right
along and has taken quite large quantity in the
aggregate in the last three weeks. The bull point
on Missouri Pacific is passed around regularly
every morning. and almost as regularly fails to
make good. Floor traders have old grievance
against the Gould interest in its market opera
tons Traders say that they were not given fair
chance and that when they made market for the
stock in times past the Gould brokers took adj
vantage the fact that they could not do with
out occasionally going short. They do not go
short now They simply let the stock severely
alone. Atchson was remarkably strong in spite
of some selling for London early This is note
worthy as the sentiment there has hitherto been
decidedly bullish One house which has purchased
about $500 shares in the last eight days says that
its orders camo from very we'll informed sources
HOLSTER & Babcock were the principal early buy
ers The movement in Tennessee Coal and Iron
was a good deal less important than it looked
There is little independent stock outstanding, and
the price is therefore easy TO move The advance
was accompanied by rumors OF a similar move
ment In sloss-Shefield which probably gives the
real reason for the rather spectacular advance
F. & c. Randolph and other houses with South
ern connections were prominent among the buyers
OF Southern Railway. The Morgan interest is stil
buIlish An active house with political connec-
TONS usually well informed on the traction situa-
ton. is talking buIlish on the traction group
particularly Metropolitan, than for some time
past Flower & Co. were credited with some of
the activity in international Paper. and were open
buyers OF the common stock
NATIONAL CITY BANK CIRCULAR.-The Ma
tional City Bank. in its January circular, says
among other things:
Ii is safe to forecast highly satisfactory course
in government receipts and expenditures during the
second half of the current fiscal year. The record
the six months period just closed is exceptional
Receipts have largely exceeded official estimates
The generally prosperous condition of the country
Is reflected in the large increase in public revenues
The balance sheet Of the government for the last
six mouths shows a deficit of something less than
5000 O0. This Is about the deficit estimated by
Secretary Shaw at the close of the fiscal year. but
If the present conditions continue II IS possible
that il will be entirely wiped out before the end
Of next June The large Panama Canal expendl-
lures must. of course, be kept in mind but they
are not ia be materially disturbing factor So fa-
as the Treasury cash IS concerned congress has
promptly cured the defects in the original Panama
bond legislation. frequently referred 10 In this