New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-21
WALL STREET AND EXCHANGES.

FOREIGN TRADING-Foreign houses sold
stocks on balance IN the local market 70 the ex-
tent of 5000 shares. In London there was
semi-panio in the mining department Of the mar
ket while most issues not only in London. but also
in Berlin and Paris we're weak The selling on
the foreign exchanges was due TO the unfavorable
news from Algeciras Money firm in London.
In Paris exchange London was higher. while In
Berlin the rate declined.
MARKET GOSSIP.-Strength was shown by the
Hill properties. Both Great Northern and North
ern Pacific opened up two points and held their
advance very we'll There is reason TO believe that
an announcement OF the ore deal will be made as
soon as the Steel Corporation shall have agreed
to Mr.. Hills proposition regarding the amount or
ore TO be mined Mr. Hill is delaying his departure
for the South until the final agreement shall have
been executed. The strength Of the market on
Monday has given confidence 70 some OF the small
pools and some of them indulging in confident
bullish talk their specialties. American Car
and Foundry and American WoOllen are among
those in which bulish manipulation IS expected
United States Steel issues acted in sympathy with
Great Northern II an announcement in the ore
deal were closely impending. 1t was said that the
Gates clement buying this stock The Gates
firm and it's followers. who were very bearish a
short time ago. are understood to have changed 10
the bull side. Traders. however, are skeptIcal and
declare that It is difficult to see how tho market
can be moved up at after its experiences Of
the last week. Reading taken by Charles
NIinzesheimer. Marshall Spader & Co and the
Gates interests while c. J. Lawrence & Co. who
have not been active. took 10000 shares OF Steel
common One OF the large plungers who was very
active in the advance In Reading some time ago Is
said be planning campaign in some Of the low
priced railroad issues. Commissions houses are not
at all active and warning their customers TO
stay out OF the market until some idea can be had
regarding the amount of damage which the mi D.
winter may have done 10 the wheat crop. With
the advent of the spring thaw the condition ~
winter wheat Will be known and. therefore.
crop scares are likely to occur. II is estimated
that C. C Gates & Co bought $4,000 shares OF
Reading in all. \. \. HOusnsan & Co joined the
ranks of the buyers in Reading during the after
noon, taking several thousand shares. but, al
though the price crossed 40, there were too many
selling orders above that figure and it reacted Ia
points rather easily
BANKS LOSE MONEYS far in the current
with the Sub-Treasury S0O0,0O0. compared
with the loss OF So 445,OOO In the same time last
week Shifting Of accounts yesterday due 70 the
payments for $2o0O0.OO0 of New-York City per
cent bonds responsible for advance in call
money S per Time money was easier
with per cent bid for all dates up to six months
and 81. per cent asked.
FEDERAL SMELTING'S EXTRA DIVIDEND
The regular quarterly dividends OF Ia and Ia per
cent have been declared the preferred and com
mon stocks respectively OF the Federal Mining and
Smelling Company; also extra dividend of 9ta
per cent on the common stock