New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-10
Second call
HrT1-1,~
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Londou was not an activ.
factor In the local market. dealing in about zoos
shares. mostly purchases In London. consoIs vsrs
steady. and the general market was firm. Money
was somewhat easier, but in fair demand
MARKET GOSSIP.-The principal early buvinx
in American Smelling was by j. B. Russell & Co.
This house bought some $500 shares in the last
half hour on Thursday. and az that tins was
thought to be executing buying orders for one o.
the active Guggenhem houses. H Content was
quite substantial buyer Of stock and was prom
inent in both Union Pacific and Reading Win
other traders Of the class he has been seRuy
lately. and gets credit for doing good deal q
business In cooperation with certain Nsw-s-
traders. who said to have been bearfSh lately
The early buying OF United States Steel common
impressed the traders favorably. Post & gTasg ard
PrObst, Wetzlar & Co. the principal buyers.
The latter might have been acting for London
and, indeed. both houses DO extensive arbtrags
business This seems 10 be about the only stock
on which foreign operators at present to take
a position There seems to be quiet accumulation
OF New-York Airbraks. and any stock coming 10
market is readily absorbed There a ltts quist
selling OF Union Pacific during the morning. which
looked as II it might have well Informed origin.
II came through houses doing an Unobtrusivs bust
ness for No. % Broadway. The Kuhn. Loeb follow
ing at present is talking bearish on Union PaciAs
on any rally, but nottcsably bulish on Pennsyl-
vanta. A canvass Of about fifty representative
mission houses made IN the last few days makes Il
reasonably certain that none OF them IS carrying
for customers within 20 per cent OF what Il would
consider conservative. This does not include clique
houses. who probably very heavy borrowers OF
money. Charles G.. Gates & Co. are understood 70
have given out the buying orders which rallied the
market in the early afternoon. Reading taken
hold Of for leader. IL has frequently been used
before. The simultaneous strength n Deawars and
Hudson Indicated that there were some designs Of
creating the impression OF a better labor situation.
IL olrf,To
during the day. Their private wire connection with
philadelphia was not very good az the opening. and
by midday no less than forty wires we're reported
out OF business The storm did less damage N
other directions
BANKS LOSE MONEY-The reported move.
ments OF currency this week indicate loss in cash
held by the banks of 1881 200. hey received
from the interior S. s5S.60o and sent the interior
S5.50O.s0o including S1965, 600 national bank notes
sent TO Washington FOR redemption Tbs gan
from the interior was sSO7.sOO The receipts Of new
gold were s1,1ss.7OO. namely. So SEQ on New
York assay Office checks. $4,000 oH San Fran
cisco mint checks and telegraphLo transfers, ard
s9isOo on Seattle assay Office checks. Ordinary
disbursements by the Sub-Trsasury were ssASos-
500 Payments by the banks 10 the Sub-Treasay
for customs. internal revenue. Per cent rsdsmr-
ton fund. etc. were sSO,552OO0 The loss on Sub
treasury operations proper was S5.s427oo. me
total gain from the interior sSOT COO ana new god
sl1sS,7Oo. was S1991.5OO. Deductins this from tas
loss on Sub-Treasury operations proper the ns css
was SS.s5120O- Receipts OF currency from the n
terror were about $1,000 900 less than in the preced
ing week. while shipments were about sgeeS@
greater Receipts were chiefly from nearby anu
eastern points. and the bulk of the shipments Ve'S
also made 10 cities not far from New-XoTk 4
terror banks evidently retaining their cash q
nome for use In the planting season, sending "
New-fork only the surplus reserve and erouss
currency In addition to cover exchange drawn u
New-York
GREATER NETWORK NATIONAL BANKS
The consolidated statement Of the coalition OF IL
the national banks IN Greater Nsw-YorE as or jan
uary 70. 1905, compiled at the Clearing Houss,
SHOWS the following changes from the statement.
November y, 1905: Loans and discounts. incrsAss
$lo.S2e6o"; specie increase N410LS1; legal ''A
ders. increase NO.iS5. 40: deposits OF banks ah-
trust companies increase SI2 7S0 l00 other deposls
increase S20.'b2 S0O circulation. decrease S2So-v
AMERICAN TELEPHONE.-The American Tee
phone aud Telegraph Company has practically coh
pleted. II is said. negotiations with New-4c-k ana
Boston banking interests looking 10 the sole OK
large block OF convertible bonds The price Z.
which the bonds to be sold and rate OF in'efss
Will depend To large extent the prise at wn'S'5
the bonds convertible into stock The $50
may exceed $4,000 00e
EXCHANGES AND THE HOIIpAY.-The ee',
ton and Coffee exchanges will be closed to-day an
on Monday. There will also be holiday N -
sugar trade to-day and Monday, The New-foN
stock. the Consolidated stock and the Produce 81 81,
changes Will all be open usual to-day. out W..
be closed Monday. The Chicago and Boston e..
changes will also be closed on Monday.
GRAIN EXPORTS FOR THE WEEh-"SEar
streets reports the exports OF grain for the wesS
with comparisons. figures in bushels as folievs.
Wheat. -four included SEA 49, AGAINST S0SS S AS