New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-11
unlisted. TEX dividend.
Closing prices of chief active bonds dealt in,
with net changes, follow:
STOCK MARKET OPERATIONS.

Transactions in yesterdays stock market were
heavy in volume while the movement of values
was extremely irregular. with a reactonary ten
dency in many issues in the morning dealings.
There was, however, important liquidation,
the declines representing in great part the
operations of traders who were actively engaged
in efforts to bring about lower quotations.
Doubtless the prospects Of gold exports in the
near future served in a measure to check the
buying movement, although there We're no indi-
cations of uneasiness on the part of the ma
jority of people in Wall Street over the present
position of the foreign exchange market, while
the larger speculative interests continued to
exhibit great confidence in their theory that
higher prices will be recorded throughout the
list in the course of the next few months, In
the late trading a general buying movement de-
welcomed which continued until the close, and
under the influence of these operations the en-
tire list became strong, closing as a rule, well
above the low figures of the day. In number
nf issues marked improvement was recorded,
notably Amalgamated Copper, American Cotton
oil Missouri Kansas and Texas. Tennessee Coal
and the Minneapolis. St Paul and Sault Ste
Marie issues 800" common ended the cay
with a net gain Of over s points While the
nreferred gained 21a, the upward movement IN
these shares being due to buying by interests
identified with the Canadian Pacific. The earn
;ngs of the 500 road have been exceedingly
heavy. and as a consequence sentiment on the
500, stocks is extremely bulish. The majority
of the leading active railroad issues allhousN
strong in the last hour, closed at losses as com
nared with Tuesdays last hgures, the ch-e1
weakness being supplied by AtchIson 81. F7Ui'
Reading and Union Pacific. CAL money iUi'o =
6 per cent.
Roth at home and abroad monetary cohdlIioilS
I.oconoine normal While rates Of dis
ao,,,,+s in London and New-York still are higher
80, in the corresponding season in preceding
,,eare and while it is probable that money rates
will continue sitter than in former years theFe
Is no likelihood whatever of any serious STRAIN
on the banks in the near future The cont
mental demand for gold as experienced IN Lon
/ don is reported as less urgent, Paris lendlhg IN
I.ordon instead of withdrawing gold from that
centre. It is expected that the condition OF the
RAM, of England viii show Improvement IN
/ Thursdays statement on account of the return
of moneys in the end-year settlements and eX-
nected receipts Of gold from India. The receipts
/ of money I'm New-York from the interior are not
relatively as large as in other years, as the
activity in interior trade and last years large
crops require the employment of funds for
longer period than usual Moreover the specu-
/ Iative borrowing not only in New-York, but
throughout the country, is larger than in
recent years Hence discount rates viii be rela-
! lively higher, especially for money call.
/ There has been distinctly easier tone in time
/ discounts this week. but call money still holds
! firm at 6 per cent and even in the face of the
/ firm rate on call the foreign exchange rates
| have gone to near the gold exporting point In
Yesterdays market there was a sharp advance
of 30 TO 30 points in demand sterling at the
opening of business. the quotation being carried
! up 10 1865 to 1 $685. while the quotations for
francs at 5155s less 1-16 was within 1-t6 of
! / per cent of the gold shipping level. More
over, the offerings of bills in the market We're
light, and the inquiry for remittance was good.
! 1t was the strong tone of the foreign exchange
market in New-York (thus indicating 10 Paris
bankers the ease with which they could draw
! their metal from this centre) which inclined
! Partisan bankers TO lend their balances more
literally IN the London market as the foreign
dispatches indicated they We're doing
Quotations for copper are maintained at the
recent high level. and the demand is good. IN
terests identified with the large selling agencies
say that several million pounds Of copper have
! been sold for June, delivered at 1872 cents
pound and that copper for delivery the months
prior to that time has been in such demand that
/ offerings on the market are exceedingly small.
Despite these facts, however. the experts in the
copper trade are inclined to the view that in
the current year quotations VIII not advance
! much, il any, above ruling prices. there is