New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-17
WALL STREET AND EXCHANGES

FOREIGN TRADINCf.-FOreiSn houses uea-
o O0o shares in the local market. selling "H.
balance In London consois ana huS9'aH
were heavy while the mining market snU"-
dfsnosftion to sell off The London MARKER =
Influenced by the beginning OF the Ao[o'C~
ference Money was in fair demand IN -
and discount rates were slightly higher. II -
there also was an advance in money. "llne
exchange on London was Up fractonaIy' "a
MARKET GOSSIP. D. Barney ~ ~
took 10 on0 shares of Southern Railway nave g
about $500 shares in all of that stock IN lHs -
ent week. They have furnished the pm.
strength TO the market \ Upper & ~ -
norarfly checked the bull speculation IN SUI -
pacific selling something Ike lo-'+0 shares ~
can Sugar was firm and showed some tTa0s -.
short interest Traders were of the opI-0- -
some of the selling might represent j 'a9- =.
uerate attack by Lawson and MS iIiei''7 IA,
market The idea caused more aniSe'''eI
alarm. Some significance was attached TO 'h' ~
worthy strength in Long Island in the PAST
The stock has advanced something like I - :,
The idea IS that this has som" bearing %
BROOKLYN traction situation. The buying
sidered we'll Informed and. with c0h'Io. =
communicative as PENNSYLVANIA. the stocS -,
likely one for minor.'. pool u1UlpuIato'" - .rI
thought that the 3ffg-E on Union 81,
Amalgamated Copps= IN The forenoon tIau's
inspfred from Boston. Both prices were IS
down without much difficulty. bat Wne" ~
realized that no long stock was coinins A. -
iun,Ded in and rallied the stock very easN' -.
bull point on Baltimore and Ohio came HO 1-s,ss
don. and the buying probably started thele n
G Gates e. Co. executed some of the o.u1 rs
were perhaps used 10 encourage snort sei''7 = "a
active wire houses reported an ImpTo'ti"'- h,oss
volume of business in the afternoon -,,.rsE
as a Upper & Co. Strong. SturgIs * o. .,s
StieeIftz and ] 5 Bache * Co were Us
substantial amount of stock all round ,si
are current Of an increase in the f@'i'i--s ro5
Ohio dividend rate, but 50 far do not 'oA
the best informed quarters =, sas
VANDALIA BOND SALE-Speyer q CC,9.,,,arr
purchased from the Vandala Railroad OO-f 8.
100000 consolidated mortgage per os ~
bonds of 1876 These bonds are a hrst ~ -. SO
road from East st. Louis to-the Indiana - 81
and from LoganspOrt 70 Butler IND. A-..,,.at-s
subject only to $4lcoD0 old bonds on the - o.
mileage owned for which an equal ameul' .sss
solidatcT mortgage bonds is reserved IHe asp.
Of the bonds Just sold will be used ior Ts!rs
ton Of the second mortgage hondS % re ~.
Haute and Indianapolis Railroad. ana ~ a.s gs-
chase of real estate additional equipIn'N- naying
eral improvements The company Is NO" aasea
per cent on its stock. a large majority
owned by the Pennsylvania Railroad M lRoS
TO INCREASE TENNESSEE COAL 49, ca
sTOCK-A special meeting OF the ~, 3
and Iron stockholders will be held on .,on slsS
vote on a proposition to increase the ,utss
of the company 100000. making the t'.- he r.
tied issue 100000 The proceeds run COZ tss
stock will he used Tor Improvements css q -
further developing of the iron ore $50 to 50
corporation Stockholders will be aHo' the p
scribe AZ mar All except 24SS shares 9, Csg-
ferred stock or the Tennessee Coal and IT., s,E
pany have been exchanged for the eon, ~. 10 e.
To-day the directors renewed their the ~
change the preferred for the common eousrN
Of $50 a share for the preferred s.,,sd SG'
stock to take up the balance Of the ,.onpaaf
standing has been in the treasury OF t.s 80 "
for six years. With the additional s'''''